Takeover and announcement of new manager.....

[swaledale]

Well its been 4 days since the DET told us the next 48hrs, ok I know GP says these negotiations take time and so many parties this that and the other but they've been talking since May, what can they still be discussing, have they just got onto the bit where it says the club doesn't own the ground or what, surely it should be minor details now, it was agreed in principle remember and the news we had yesterday that it was some sort on public bank holidays back in the UAE just smacks of Fawaz all over again, are we to become the laughing stock like forest were whenever theres a public holiday over there and players wages weren't paid, I'm starting to have doubts on this takeover

I thought that the talks started around late August? But whatever these deals are far from simple and do take time agreeing in principle is just that, with no in depth work undertaken. It takes on average 3-4 months just to buy a house, so theres no reason to be concerned at this stage over timescales.

I really don't think the DET have any more idea of progress than we have, so would take whatever they print with a big pinch of salt!

There is always concern over these takeovers, but as fans we can only wait and see how it turns out.

[StensonRam]

I bought my house from viewing it to moving in in 8 weeks, I didn't even have a mortgage when my offer was accepted, as it turned out I couldn't mortgage the full amount once I applied so I even had to apply for a bridging loan, I didn't even have a solicitor in place so had to find them as well, I was young and naive at the time I know, but come on it's been 8 months now. The fact we were told yesterday the hold up is because of a few public holidays in the UAE suggests it's just a case of signing on the dotted line

[swaledale]

I bought my house from viewing it to moving in in 8 weeks, I didn't even have a mortgage when my offer was accepted, as it turned out I couldn't mortgage the full amount once I applied so I even had to apply for a bridging loan, I didn't even have a solicitor in place so had to find them as well, I was young and naive at the time I know, but come on it's been 8 months now. The fact we were told yesterday the hold up is because of a few public holidays in the UAE suggests it's just a case of signing on the dotted line

Thats why I said average! I sold my house 2 years ago it took 18 weeks, and I had everything in place from the start was a cash buyer and the house was empty! So it took you 2 months for a simple transaction, the acquisition of a football club or other company/group of companies is more complicated by at least a factor of 100.

Has it been 8 months? What information are you basing that on? There was talk of new investment in May and June, but that was merely talk in the press. My understanding is that the deal was agreed in principle around late August, so in reality the process has been going on for 3 months at most.

But even if the talks did begin in May, that would have been discussions about price etc. Then Mel would need to have further information on the proposed buyer, these enquiries, especially international enquiries can take weeks. Then there is the submission to the EFl for approval of the takeover, no doubt that takes a couple of months to prepare for and for the EFL to make a decision.

There are a number of companies involved, its not just a takeover of the football club, but the associated group of companies that own various parts, including the company that owns the ground. There are then any outstanding loans and other liabilities to consider, transfer of staff, the catering concession etc etc. All these details have to be signed off to each parties satisfaction.

Its a very complex process, where other takeovers have occurred in a shorter timescale, it is very likely that they had been going on long before they became public knowledge.

Again I would take little notice about what the DET publishes, most of it is speculation.

[Geoff Parkstone]

Mt Google, he say, they were still negotiating to buy Newcastle in mid June, so unclear where your 8 months comes from unless there was a lot of bad faith negotiating going on

[macstheman]

The takeover isn't, per se, the immediate concern! Our poor results and league position are. Even if the takeover happened tomorrow it won't help results in the short term which need to improve asap. The Jan window is still some games away and there is no guarantee that, even if there is money available, we can get hold of the quality needed to turn this 'Titanic' around before that gaping hole sends us down to join those other wrecks like Sunderland and Bolton!
Mind you, we might score the odd goal down there!

[swaledale]

The takeover isn't, per se, the immediate concern! Our poor results and league position are. Even if the takeover happened tomorrow it won't help results in the short term which need to improve asap. The Jan window is still some games away and there is no guarantee that, even if there is money available, we can get hold of the quality needed to turn this 'Titanic' around before that gaping hole sends us down to join those other wrecks like Sunderland and Bolton!
Mind you, we might score the odd goal down there!

Whatever funds are available we must still be close to the wire on FFP?

[Andy_Faber]

Got to agree with Swale here, having done dozens of commercial transactions involving change of ownership, with and without property involved, Never mind some tin pot local rag having to guess at progress, from my experience usually the main players on either side would struggle to know the whole picture. For a current example of how **** happens, just look at JD Sport / Debemnhams

[ramAnag]

Got to agree with Swale here, having done dozens of commercial transactions involving change of ownership, with and without property involved, Never mind some tin pot local rag having to guess at progress, from my experience usually the main players on either side would struggle to know the whole picture. For a current example of how **** happens, just look at JD Sport / Debemnhams

But isn’t that exactly what folk are saying Andy? The JD Sport takeover of Debenhams didn’t happen because of the impact on Debenhams of the collapse of Arcadia. Might the same not be true of DCFC as we look less and less like a ‘sleeping giant’ of the Championship and more and more like just another League 1 club with a nice stadium?

[Andy_Faber]

But isn’t that exactly what folk are saying Andy? The JD Sport takeover of Debenhams didn’t happen because of the impact on Debenhams of the collapse of Arcadia. Might the same not be true of DCFC as we look less and less like a ‘sleeping giant’ of the Championship and more and more like just Never gonna happen with, kets say, Norwich or League 1 club with a nice stadium?

I think they would be buying potential. Wads of cash, a bit of luck and two seasons and we could be juking it out with the big boys, and in a 44,000 stadium with excellent transport links. Never gonna happen with (sorry Acido) Barnsley or Preston

[swaledale]

But isn’t that exactly what folk are saying Andy? The JD Sport takeover of Debenhams didn’t happen because of the impact on Debenhams of the collapse of Arcadia. Might the same not be true of DCFC as we look less and less like a ‘sleeping giant’ of the Championship and more and more like just another League 1 club with a nice stadium?

Nomost folk seem to be impatient for the "good times" to happen and worrying about how long its taking, without understanding the complexit yof the deal!

As others have pointed out, whats being acquired is a club with the infrastructure in place that has the potential for development - excellent training ground, modern stadium, a proven ability to attract 30K plus fans for each game. Whether we are in league 1 or the championship won't make much difference long term.