Take over not happening?

[Arabknight]

Hearing take over fell through. Jim Spence tweeting this also?

[Sutherland Arab]

Hearing this also, but imagine the club will keep quiet regardless as it's half season ticket time.
In other news it's been cold and many people have been doing their Christmas shopping.

[offshore_arab83]

Heard this from a source inside, also heard this leaves us right in the sh1te.

[Shedboy1971]

Bah Humbug

[LSArab]

Heard this from a source inside, also heard this leaves us right in the sh1te.

If only we hadn’t backed a clown as manger for the end of last season and play offs.

Looking forward it’s about running things properly and backing the very good manager we have now

[Shedboy1971]

we aint phucked. Well as an ongoing concern. hearing the rumours about the rumours maybe rumours.

But thats probably just a rumour.

[Sutherland Arab]

Fed were to meet MM this evening, no doubt the status of potential investment would be high on the agenda of questions.
Anyone know if this meeting went ahead and has an idea what's happening to our club?

[Sutherland Arab]

Typically a statement now up from Fed on pussbook 😒

[offshore_arab83]

As detailed previously we met with Mike Martin and Jimmy Fyffe tonight and whilst a more detailed members update will follow next week we are mindful the "the takeover" is a subject you are all interested in, therefore we will summarise this aspect of the meeting now.

Whilst no definite statement was made (with words being chosen carefully) it appears an American based bid is the preferred option for the current board based on them having sufficient cash backing to move the Club forward now and in the medium and long term. This party has no links to the owners of our city rivals, and are not looking to merge or ground share at any point in the future. These potential new owners have undertaken a due diligence on United and likewise United have undertaken a due diligence on them. Both exercises did not uncover any reason to halt progress with the discussions. The likely timescale for a successful conclusion was said to be measured in weeks not months. Other potential owners / investors are also on the scene should these talks stall. There is no chance of administration and that is why the talks can proceed at a pace which suits both parties.

We would have liked to have been able to be more positive and indeed suggested the Board should make a statement in relation to all the rumours currently circulating, which they said they would consider. Planning for this season continues as the current Board's preferred option is to remain as shareholders after the share sale and continue to help manage United in some way.

[Skolcorner]

This is sounding like Brexit Mark 2!
Let's hope it ends with us getting out on WTO terms, i.e. the Winning the Title Option!