charliemiller Posted 17 May, 2017 Share Posted 17 May, 2017 My understabding you can only block the passing of a special resolution if you hold more than 25% of the shares. KL would retain 20% of the club's shares if the deal goes through. As you say, hard to avoid the impression this is all PR spin Correct below 25% you have no say at all .....the other party can force resolutions without you knowledge or agreement . Link to comment Share on other sites More sharing options...
Daft Kerplunk Posted 17 May, 2017 Share Posted 17 May, 2017 The only way that this deal will be fully in the interests of the club is if KL makes a minimal amount of profit from the deal (covers the interest of anything that she has given the club) and the majority of the money from the sale goes into the club for further development. Link to comment Share on other sites More sharing options...
charliemiller Posted 17 May, 2017 Share Posted 17 May, 2017 Normally so, but you can put in place a Shareholder agreement to protect the rights of the minority shareholder. The memorandum of sale can also impose rights, obligations and responsibilities on parties. Only if deemed non restrictive buy the buyer ...very few people paying 200m would allow a minority shareholder veto rights why should they . Link to comment Share on other sites More sharing options...
angelman Posted 17 May, 2017 Share Posted 17 May, 2017 Why would you want to keep a 10% shareholding? Is it to lower the initial purchase price, with the 10% being sold at a later date? Is it to retain a stake for any dividend payments? Or to retain a seat on the board? All of them? None of them? Link to comment Share on other sites More sharing options...
doddisalegend Posted 17 May, 2017 Share Posted 17 May, 2017 Looks like the PL is planning to toughen up the FPP test and is asking PL owners to vote on it wonder how Kat will vote? http://www.bing.com/news/apiclick.aspx?ref=BDIGeneric&aid=C98EA5B0842DBB9405BBF071E1DA7651530FFE51&tid=707B37D8099942C5A8909684DBAF6D00&url=http%3a%2f%2fnews.sky.com%2fstory%2ftakeover-rows-spark-premier-league-bid-to-toughen-ownership-tests-10881228&c=18098131472095689379&mkt=en-gb Link to comment Share on other sites More sharing options...
S-Clarke Posted 17 May, 2017 Share Posted 17 May, 2017 I don't get FPP. There's nothing fair about it in our sense. All this is going to do is create a bigger and bigger gap between the top 6 and the rest - much like we've seen this season. There's nothing fair about it. Link to comment Share on other sites More sharing options...
doddisalegend Posted 17 May, 2017 Share Posted 17 May, 2017 I don't get FPP. There's nothing fair about it in our sense. All this is going to do is create a bigger and bigger gap between the top 6 and the rest - much like we've seen this season. There's nothing fair about it. Yeah I meant "Fit and Proper Person" rather than "Financial Fair Play" agree with you though. Link to comment Share on other sites More sharing options...
S-Clarke Posted 17 May, 2017 Share Posted 17 May, 2017 Yeah I meant "Fit and Proper Person" rather than "Financial Fair Play" agree with you though. Yeah, got that after I posted it...!! But yeah, Financial fair play is ********! Link to comment Share on other sites More sharing options...
Give it to Ron Posted 17 May, 2017 Share Posted 17 May, 2017 Not sure if posted but saw this and it makes me even more concerned about Lander and Chines owners. https://www.theguardian.com/football/2017/may/17/milan-new-chinese-owners-money-li-yonghong Link to comment Share on other sites More sharing options...
djharvey Posted 17 May, 2017 Share Posted 17 May, 2017 The only way that this deal will be fully in the interests of the club is if KL makes a minimal amount of profit from the deal (covers the interest of anything that she has given the club) and the majority of the money from the sale goes into the club for further development. i actually think that's exactly what will happen! Link to comment Share on other sites More sharing options...
doddisalegend Posted 17 May, 2017 Share Posted 17 May, 2017 Not sure if posted but saw this and it makes me even more concerned about Lander and Chines owners. https://www.theguardian.com/football/2017/may/17/milan-new-chinese-owners-money-li-yonghong Yeah I read that earlier yet another article that doesn't paint Chinese ownership in a good light... Link to comment Share on other sites More sharing options...
SuperSAINT Posted 17 May, 2017 Share Posted 17 May, 2017 Yeah I read that earlier yet another article that doesn't paint Chinese ownership in a good light... Still waiting to read to positive article on Lander... Link to comment Share on other sites More sharing options...
saint1977 Posted 17 May, 2017 Share Posted 17 May, 2017 Still waiting to read to positive article on Lander... You could be waiting a while - bit like waiting for both Milan clubs to return to former glories. Hopefully the FAPP puts a kibosh on it, although if Shinawatra can pass it... Link to comment Share on other sites More sharing options...
verlaine1979 Posted 17 May, 2017 Share Posted 17 May, 2017 i actually think that's exactly what will happen! Crazy. You expect her to essentially hand over about £100m in value to the new owners out of sentimentality? Link to comment Share on other sites More sharing options...
Ampersound Posted 18 May, 2017 Share Posted 18 May, 2017 So basically the same people run the club with the Landers money invested in. This gives us more transfer fees plus an extension to the current stadium. What's in it for Landers if this is the case? yes the same core team running the club but someone might be made to go leaving a bland taste in their mouth. Link to comment Share on other sites More sharing options...
ericb Posted 18 May, 2017 Share Posted 18 May, 2017 Not sure where people got this stadium expansion thing from, Krueger specifically ruled it out in his interview and said it would be a "facelift" for the stadium and not expansion Link to comment Share on other sites More sharing options...
doddisalegend Posted 19 May, 2017 Share Posted 19 May, 2017 Looks like this Russian Billionaire wants a club give him a call Kat.. http://www.bbc.co.uk/sport/football/39981841 Link to comment Share on other sites More sharing options...
Dusic Posted 19 May, 2017 Share Posted 19 May, 2017 Led to believe games are being played by all. All IMHO of course. Link to comment Share on other sites More sharing options...
Matthew Le God Posted 19 May, 2017 Share Posted 19 May, 2017 Not sure where people got this stadium expansion thing from, Krueger specifically ruled it out in his interview and said it would be a "facelift" for the stadium and not expansion Are you talking about the 2014 interview, or a recent one? Link to comment Share on other sites More sharing options...
SuperSAINT Posted 23 May, 2017 Share Posted 23 May, 2017 http://www.dailyecho.co.uk/sport/saints/news/15301650.Saints_takeover_decision_expected/?ref=rss Link to comment Share on other sites More sharing options...
Secret Site Agent Posted 23 May, 2017 Share Posted 23 May, 2017 I don't get FPP. There's nothing fair about it in our sense. All this is going to do is create a bigger and bigger gap between the top 6 and the rest - much like we've seen this season. There's nothing fair about it. That is the whole point, i feel. The big boys have benefited from having cash thrown at them, now they are happy to make sure no one else has the opportunity. The problem is they don't like the idea of Gao taking over because he is a crook, but the thing is, who says? He might be a bit dodgy but he's never been convicted of anything, and he's the sort that would find a way around the FFP or just say 'Tā mā de, I'll just buy the best, pay the fines and don't worry about the transfer embargo'. He could be the best thing for us, or the worst, you just don't know. Football can be big money, and he could have a plan to make loads, and for that to happen we would need to be successful, so he would have to make us so, or his 200 mill would go down the pan. Would the blue few give up their little bit of glory to not be where they are now? Food for thought Link to comment Share on other sites More sharing options...
Heisenberg Posted 23 May, 2017 Share Posted 23 May, 2017 Kat adores this club, if she decides this deal is right for her n the club then that's good enough for me. Link to comment Share on other sites More sharing options...
pluto Posted 23 May, 2017 Share Posted 23 May, 2017 I cant believe the club are still involved with lander Link to comment Share on other sites More sharing options...
Badger Posted 23 May, 2017 Share Posted 23 May, 2017 http://www.dailyecho.co.uk/sport/saints/news/15301650.Saints_takeover_decision_expected/?ref=rss Includes this: Liebherr, who inherited the club from her late father Markus, is understood to have been keen for the deal to progress, having struck up a friendship with Gao’s daughter, Nelly, and the two having developed a vision for a bright future for Saints. A friendship with Gao's daughter, Nelly. Is this significant or just idle tittle-tattle ? Discuss. Link to comment Share on other sites More sharing options...
Suhari Posted 23 May, 2017 Share Posted 23 May, 2017 Nelly? There's comedy gold to be mined hereabouts. Link to comment Share on other sites More sharing options...
benjii Posted 23 May, 2017 Share Posted 23 May, 2017 Nelly. I love the way Chinese choose obsolete English names. Makes me chuckle. Link to comment Share on other sites More sharing options...
SuperSAINT Posted 23 May, 2017 Share Posted 23 May, 2017 Includes this: A friendship with Gao's daughter, Nelly. Is this significant or just idle tittle-tattle ? Discuss. It's interesting detail. I don't know why Kat just wouldn't hold onto her 20% if she sells up. Link to comment Share on other sites More sharing options...
Bearsy Posted 23 May, 2017 Share Posted 23 May, 2017 Nelly? There's comedy nickel to be mined hereabouts. Nelly and Elephant shared the club, and said goodbye to Europa, off we went to the Champions League, trump trump trump is a ruskie he fkn hates pompey clap clap clap Link to comment Share on other sites More sharing options...
pluto Posted 23 May, 2017 Share Posted 23 May, 2017 This all sounds dodgy and the rumour that Liebherr has been 'sweet talked' by the daughter of someone involved in corruption and has panama accounts Gareth Rogers supposedly totally against the deal ? Link to comment Share on other sites More sharing options...
shurlock Posted 23 May, 2017 Share Posted 23 May, 2017 This all sounds dodgy and the rumour that Liebherr has been 'sweet talked' by the daughter of someone involved in corruption and has panama accounts Gareth Rogers supposedly totally against the deal ? It's rotten to the core. Link to comment Share on other sites More sharing options...
Convict Colony Posted 23 May, 2017 Share Posted 23 May, 2017 This all sounds dodgy and the rumour that Liebherr has been 'sweet talked' by the daughter of someone involved in corruption and has panama accounts Gareth Rogers supposedly totally against the deal ? Russians have Krisha (and Ambrovich got Chelsea), the Chinese have guanxi but both are used to facilitate business. We may call it corruption etc but in those markets this is how they run. Link to comment Share on other sites More sharing options...
shurlock Posted 23 May, 2017 Share Posted 23 May, 2017 (edited) Russians have Krisha (and Ambrovich got Chelsea), the Chinese have guanxi but both are used to facilitate business. We may call it corruption etc but in those markets this is how they run. And? Doesn't mean it's good for us, especially as those who succeed aren't necessarily the most talented or have the greatest business acumen but have the best connections and/or are the most skilled at bribing, bullying and intimidating. This Gao Jisheng, ex-paramilitary, a classic 下海, represents everything that's crooked about modern China. Edited 23 May, 2017 by shurlock Link to comment Share on other sites More sharing options...
Convict Colony Posted 23 May, 2017 Share Posted 23 May, 2017 And? Doesn't mean it's good for us, especially as those who succeed aren't necessarily the most talented or have the greatest business acumen but have the best connections and/or are the most skilled at bribing, bullying and intimidating. This Gao Jisheng, ex-military, a classic 下海, represents everything that's crooked about modern China. Agree with the sentiment about modern china but they are doing a slower version of what happenend in russia. To be honest I really dont think there are too many people out there who you want buying your football club. Americans/russians/indians and chinese owners get grief all the time. I think it is because unless you come from a country that has a large football influence in it we always think they are up to nefarious things as they "don't get" football. Link to comment Share on other sites More sharing options...
pluto Posted 23 May, 2017 Share Posted 23 May, 2017 'Trust' in football has long gone and thats why we need information from SFC that Lander is not owned by a corrupt individual and even if the club become owned by his daughter that is still his association. The media will have a non stop field day, if allegations are followed up and we are left sitting like ducks at the shooting range. This whole deal stinks and i dont believe for one minute its going to benefit SFC Link to comment Share on other sites More sharing options...
doddisalegend Posted 23 May, 2017 Share Posted 23 May, 2017 'Trust' in football has long gone and thats why we need information from SFC that Lander is not owned by a corrupt individual and even if the club become owned by his daughter that is still his association. The media will have a non stop field day, if allegations are followed up and we are left sitting like ducks at the shooting range. This whole deal stinks and i dont believe for one minute its going to benefit SFC Didn't Kat's statement, a while back, say she was seeking investment yet the 200 million reported in the press is to buy 80-90% of the club from her. With reports suggest Lander will have to borrow most of that money to buy the club what exactly are Lander going to invest in the club? It doesn't seem like they have a pot to **** in. Link to comment Share on other sites More sharing options...
Harry_SFC Posted 23 May, 2017 Share Posted 23 May, 2017 Didn't Kat's statement, a while back, say she was seeking investment yet the 200 million reported in the press is to buy 80-90% of the club from her. With reports suggest Lander will have to borrow most of that money to buy the club what exactly are Lander going to invest in the club? It doesn't seem like they have a pot to **** in. Obviously we don't know all the facts regarding Lander and the proposed deal but looking at what's been mentioned so far I'm not positive about them what so ever. Talk of borrowing money before they've even bought the club doesn't exactly inspire confidence. Link to comment Share on other sites More sharing options...
Faz Posted 23 May, 2017 Share Posted 23 May, 2017 Can I just ask for links to the "reports" that they have to borrow the cash? Would the EPL not seek evidence they have the means to complete the transaction? Link to comment Share on other sites More sharing options...
shurlock Posted 23 May, 2017 Share Posted 23 May, 2017 Can I just ask for links to the "reports" that they have to borrow the cash? Would the EPL not seek evidence they have the means to complete the transaction? From their official announcement: http://www.cninfo.com.cn/finalpage/2017-04-17/1203301621.PDF Relevant para: 标的公司拟通过使用30%自有资金与70%并购贷款的方式支付股权收购 款项,目前并购贷款处于境外金融机构贷款审批流程中 In effect borrowed funds would make up 70% of the acquisition. Link to comment Share on other sites More sharing options...
Lighthouse Posted 23 May, 2017 Share Posted 23 May, 2017 A friendship with Gao's daughter, Nelly. Must be the money. Link to comment Share on other sites More sharing options...
Faz Posted 23 May, 2017 Share Posted 23 May, 2017 From their official announcement: http://www.cninfo.com.cn/finalpage/2017-04-17/1203301621.PDF Relevant para: 标的公司拟通过使用30%自有资金与70%并购贷款的方式支付股权收购 款项,目前并购贷款处于境外金融机构贷款审批流程中 In effect borrowed funds would make up 70% of the acquisition. Seems pretty conclusive Link to comment Share on other sites More sharing options...
ErwinK1961 Posted 23 May, 2017 Share Posted 23 May, 2017 Must be the money. Link to comment Share on other sites More sharing options...
positivepete Posted 23 May, 2017 Share Posted 23 May, 2017 Obviously we don't know all the facts regarding Lander and the proposed deal but looking at what's been mentioned so far I'm not positive about them what so ever. Talk of borrowing money before they've even bought the club doesn't exactly inspire confidence. The Glaziers used borrowed money to buy Man Utd. Of course, there are a numbers of differing opinions as to whether that has been a good thing or not............ Link to comment Share on other sites More sharing options...
doddisalegend Posted 24 May, 2017 Share Posted 24 May, 2017 The Glaziers used borrowed money to buy Man Utd. Of course, there are a numbers of differing opinions as to whether that has been a good thing or not............ So we can look forward to lander doing this then https://www.theguardian.com/football/2015/sep/17/manchester-united-malcolm-glazer-children-15m-year Link to comment Share on other sites More sharing options...
Avenue_Saint Posted 24 May, 2017 Share Posted 24 May, 2017 So we can look forward to lander doing this then https://www.theguardian.com/football/2015/sep/17/manchester-united-malcolm-glazer-children-15m-year[/https://www.google.co.uk/amp/s/amp.theguardian.com/football/2017/may/16/manchester-united- Link to comment Share on other sites More sharing options...
Avenue_Saint Posted 24 May, 2017 Share Posted 24 May, 2017 So we can look forward to lander doing this then https://www.theguardian.com/football/2015/sep/17/manchester-united-malcolm-glazer-children-15m-year https://www.google.co.uk/amp/s/amp.theguardian.com/football/2017/may/16/manchester-united- Link to comment Share on other sites More sharing options...
Golden Balls Posted 24 May, 2017 Share Posted 24 May, 2017 This all seems like bad news. More Blackburn, Pompey and Cardiff than Chelsea and Man City. Link to comment Share on other sites More sharing options...
brett24 Posted 24 May, 2017 Share Posted 24 May, 2017 VVD on instragram with the crown prince of dubai holding a saints shirt, mystery investor? Link to comment Share on other sites More sharing options...
Delmary Posted 24 May, 2017 Share Posted 24 May, 2017 VVD on instragram with the crown prince of dubai holding a saints shirt, mystery investor? Link to comment Share on other sites More sharing options...
Faz Posted 24 May, 2017 Share Posted 24 May, 2017 You're welcome..... Link to comment Share on other sites More sharing options...
SuperSAINT Posted 24 May, 2017 Share Posted 24 May, 2017 You're welcome..... Tell me that's you, and you're minted & you're going to buy us Link to comment Share on other sites More sharing options...
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