Am I missing something here? How do you agree a deal to sell one football club to two separate parties?
Maybe Roland really is a genius because I am lost on this one!
I just don’t understand this. Why ‘a party’ would be progressing with very expensive lawyer fees etc on an agreed deal to find the deal at some stage ‘unagreed’
Someone help me out
What @JWADDICK said mate, it's a not very well written statement
Charlton Athletic Director Richard Murray has said that a price for a takeover of the club has been agreed with two separate parties and that the deal is now with the lawyers.
Following the news that the club was for sale, Murray updated fan representatives on January 20th where he said: “My opinion, and this is only an opinion of what might happen, I would say the most likely month is February.”
He updated fans again earlier this month where he referenced because of a non-disclosure agreement he has signed, he can’t reveal the names and certain information of the parties involved in takeover talks.
With February drawing to a close he said today: “I said in January that negotiations with two parties on the takeover were continuing well and I hoped a deal would be concluded in February of this year. Although the takeover has not yet been completed, the good news is the terms of the deal, including the price, have now been agreed between the parties and we are now just waiting for their respective lawyers to finalise the sale and purchase agreement.
"You can never tell how long lawyers will take but I’ve been informed it should be within the next few weeks. Once the new ownership has been legally achieved, we will inform everyone via our official channels.”
How can anyone say they have agreed a deal with two parties? You can negotiate terms, but there has to be final winner. They certainly can't state it's simply down to lawyers to conclude the sale.
He hasn't said that at all. What he said is that there were negotiations with two parties at the time he made the statement. Now the parties actually involved i.e the buyer and the seller have reached agreement on price and all that is awaited is the lawyers finalising the purchase and sale agreements. Despite the use of the word parties twice and quite incorrectly we will only be sold to one purchaser.
I have to say that it is by any measure a poorly worded statement but I believe we are nearing the end. Anyone who has ever bought a house however will know how long it can take the lawyers to finalise a purchase - hence the ridiculous time lag between exchange of contracts and completion when actually all the paperwork is already in place and merely needs printing.
Whoever the eventual winner is I'm sure we'll hate them just as much as Roland within 18 months. It's the takeover after this one that I'm getting my hopes up for.
Maybe it's being filmed for the next series of The Apprentice.
After last week when the two teams competed to sell gourmet burgers to City workers, this week the competing teams, Team Aussie and Team Pot Noodle will be fighting to buy a football club. All was going well for Team Aussie until Sheila got the numbers wrong in her pitch while Team Pot Noodle were running out of time to get their website working and in the rush misspelt the club as Charlton Athletci.
Charlton Athletic Director Richard Murray has said that a price for a takeover of the club has been agreed with two separate parties and that the deal is now with the lawyers.
Following the news that the club was for sale, Murray updated fan representatives on January 20th where he said: “My opinion, and this is only an opinion of what might happen, I would say the most likely month is February.”
He updated fans again earlier this month where he referenced because of a non-disclosure agreement he has signed, he can’t reveal the names and certain information of the parties involved in takeover talks.
With February drawing to a close he said today: “I said in January that negotiations with two parties on the takeover were continuing well and I hoped a deal would be concluded in February of this year. Although the takeover has not yet been completed, the good news is the terms of the deal, including the price, have now been agreed between the parties and we are now just waiting for their respective lawyers to finalise the sale and purchase agreement.
"You can never tell how long lawyers will take but I’ve been informed it should be within the next few weeks. Once the new ownership has been legally achieved, we will inform everyone via our official channels.”
How can anyone say they have agreed a deal with two parties? You can negotiate terms, but there has to be final winner. They certainly can't state it's simply down to lawyers to conclude the sale.
He hasn't said that at all. What he said is that there were negotiations with two parties at the time he made the statement. Now the parties actually involved i.e the buyer and the seller have reached agreement on price and all that is awaited is the lawyers finalising the purchase and sale agreements. Despite the use of the word parties twice and quite incorrectly we will only be sold to one purchaser.
I have to say that it is by any measure a poorly worded statement but I believe we are nearing the end. Anyone who has ever bought a house however will know how long it can take the lawyers to finalise a purchase - hence the ridiculous time lag between exchange of contracts and completion when actually all the paperwork is already in place and merely needs printing.
Agree with your interpretation. Also that it is very poorly worded statement given how some have interpreted it.
Am I missing something here? How do you agree a deal to sell one football club to two separate parties?
Maybe Roland really is a genius because I am lost on this one!
I just don’t understand this. Why ‘a party’ would be progressing with very expensive lawyer fees etc on an agreed deal to find the deal at some stage ‘unagreed’
2 bidders both price being agreed, I have no experience of these things but it sounds complicated. Can only see this dragging on for a few more months yet
“I said in January that negotiations with two parties on the takeover were continuing well and I hoped a deal would be concluded in February of this year."
He then misses out here that one party dropped out, so the second time he uses the "parties" below, he's referring to the buyer and RD
"Although the takeover has not yet been completed, the good news is the terms of the deal, including the price, have now been agreed between the parties and we are now just waiting for their respective lawyers to finalise the sale and purchase agreement.
''the good news is the terms of the deal, including the price, have now been agreed between the parties and we are now just waiting for their respective lawyers to finalise the sale and purchase agreement''
I read this as RD and one other party?
Maybe one party pulled out? eg Muir lot from Scotland?
I think the two separate parties are indeed Duchelet and just one other and its almost as if RM no longer sees RD as owning us, hence the 'weird' convoluted language.
Its the same as the current sale of Sky, Fox have made a bid and so now have Comcast so its up then to the shareholders to decide ie Roland. Its a straight fight
“I said in January that negotiations with two parties on the takeover were continuing well and I hoped a deal would be concluded in February of this year."
He then misses out here that one party dropped out, so the second time he uses the "parties" below, he's referring to the buyer and RD
"Although the takeover has not yet been completed, the good news is the terms of the deal, including the price, have now been agreed between the parties and we are now just waiting for their respective lawyers to finalise the sale and purchase agreement.
That makes sense and is probably what he means, just confusing use of 'parties'. Hopefully he can just clarify the point.
Comments
What @JWADDICK said mate, it's a not very well written statement
After last week when the two teams competed to sell gourmet burgers to City workers, this week the competing teams, Team Aussie and Team Pot Noodle will be fighting to buy a football club. All was going well for Team Aussie until Sheila got the numbers wrong in her pitch while Team Pot Noodle were running out of time to get their website working and in the rush misspelt the club as Charlton Athletci.
He then misses out here that one party dropped out, so the second time he uses the "parties" below, he's referring to the buyer and RD
"Although the takeover has not yet been completed, the good news is the terms of the deal, including the price, have now been agreed between the parties and we are now just waiting for their respective lawyers to finalise the sale and purchase agreement.
I read this as RD and one other party?
Maybe one party pulled out? eg Muir lot from Scotland?
TWATS
"Always" would be more accurate.