Confimred new owners of Raeding Footbal Club

[Extended-Phenotype]

Not really. Plenty of people who want to keep their integrity resign when their position is made untenable due to conflict of interest. Not saying I agree it would have been the best move but it's an understandable one when your ship is sailing in a direction you disagree with.

As for leaving AZ's decisions unchecked - make up your mind! You were saying JM had no say or control just a minute ago.

[melonhead]

Not really. Plenty of people who want to keep their integrity resign when their position is made untenable due to conflict of interest. Not saying I agree it would have been the best move but it's an understandable one when your ship is sailing in a direction you disagree with.
.

shut up then, you massive egg

[Extended-Phenotype]

Ha ha you lose

[gazzer, loyal royal]

Do we know if the takeover with Samrit is still happening?

I would have thought that if it was off CW and JF would have picked up on it.

I hope it's just a case of the money getting here from Thailand. Albeit that could take a while.

Apparently there was a delay to the intended schedule with proof of funds and the first payment, so this may have pushed all the other formalities like fit and proper owners submission etc

Due diligence was being done around 4 weeks a go, so guessing there are a few minor hiccups etc

Looks like I was right again. Just saying

[West Stand Man]

Do we know if the takeover with Samrit is still happening?

I would have thought that if it was off CW and JF would have picked up on it.

I hope it's just a case of the money getting here from Thailand. Albeit that could take a while.

Apparently there was a delay to the intended schedule with proof of funds and the first payment, so this may have pushed all the other formalities like fit and proper owners submission etc

Due diligence was being done around 4 weeks a go, so guessing there are a few minor hiccups etc

Hiccups or just normal process? The latter I suspect.

[From Despair To Where?]

Not really. Plenty of people who want to keep their integrity resign when their position is made untenable due to conflict of interest. Not saying I agree it would have been the best move but it's an understandable one when your ship is sailing in a direction you disagree with.

As for leaving AZ's decisions unchecked - make up your mind! You were saying JM had no say or control just a minute ago.

I didn't say he had no control, I said that had he resigned, he would have had no control over limiting the influence of Samuelson, Oblensky, Vibrac etc.

Clearly by staying on, he's had some influence and control over who the club is sold to, so he has been vindicated. The bigger conflict of interest would have been Vibrac and Samuelson deciding who to sell the club to

[Royal Biscuitman]

Not really. Plenty of people who want to keep their integrity resign when their position is made untenable due to conflict of interest.

Most only have the loss of their income to worry about in those circumstances, not a 49% stake in the company supposedly worth £ Millions, He may not be able to stop if plummeting down to £Zero but at least he'll get a heads up by being there and can attempt to influence things, even if it proved futile.

[Royal Rother]

Indeed - it would absolutely NOT be normal process without hiccups along the way.

Daft to think everything just goes through smoothly in these transactions - both have to establish a mutual trust in initial discussions and then accept the fact that there will be challenges along the way but that the inherent trust established early on will see it through to a mutual conclusion where ground was given on both sides.

Anything else is tortuous.

[JIM]

everything was signed yesterday, Whats going to change today ?

[paddy20]

Indeed - it would absolutely NOT be normal process without hiccups along the way.

Daft to think everything just goes through smoothly in these transactions - both have to establish a mutual trust in initial discussions and then accept the fact that there will be challenges along the way but that the inherent trust established early on will see it through to a mutual conclusion where ground was given on both sides.

Anything else is tortuous.

You're right. Must be the Reading way. The process has almost become farcical. How many more times are we going to see this sales process stop and go stop and go.Its really embarrassing now really, and boring!

[Ian Royal]

I think you may have misunderstood RR, paddy.

[sandman]

Indeed - it would absolutely NOT be normal process without hiccups along the way.

Daft to think everything just goes through smoothly in these transactions - both have to establish a mutual trust in initial discussions and then accept the fact that there will be challenges along the way but that the inherent trust established early on will see it through to a mutual conclusion where ground was given on both sides.

Anything else is tortuous.

Especially with all the prog you put on the "what the devil are you listening to?" thread.

[Royal Rother]

Certainly looks like it Ian.

And Sandman, ooh you bitch.

[RG7Fan]

Which Nando's? What did you have?

Wokingham
1/2 Chicken, fries, cob. Hot strength. Bottomless coke.

Only Hot? You wuss. If you'd had Extra Hot Chicken Wings then I'd think about maybe believing you.

[USA_Loyal_Royal]

Indeed - it would absolutely NOT be normal process without hiccups along the way.

Daft to think everything just goes through smoothly in these transactions - both have to establish a mutual trust in initial discussions and then accept the fact that there will be challenges along the way but that the inherent trust established early on will see it through to a mutual conclusion where ground was given on both sides.

Anything else is tortuous.

Especially with all the prog you put on the "what the devil are you listening to?" thread.

+1

[FridaysGhost]

Who is Nando and what sort of repast does he supply?

[Royal Ginger]

Which Nando's? What did you have?

Wokingham
1/2 Chicken, fries, cob. Hot strength. Bottomless coke.

Only Hot? You wuss. If you'd had Extra Hot Chicken Wings then I'd think about maybe believing you.

Extra hot is only for misguided attempts to impress women on cheap dates.

[Nameless]

He couldn't have resigned as a shareholder, he could have resigned his seat on the board. It may have been a magnificent gesture but would have been pretty self defeating. Very often those who resign on a point of principle are simply trying to sAve their own skin anyway....

[paddy20]

I think you may have misunderstood RR, paddy.

yes. just couldn't be bothered to interpret the drift. just fed up generally with the whole saga.

[Royal Ginger]

SB is our new onwer

Stop the presses!