The Takeover Thread - Recon Group - NOW WITH NEW POLL

[Ron Manager]

That Frederick Rinder was a bastard. I hold him personally responsible for the British Empire's concentration camps during the Boer War, the suppression of trades unions and the refusal to give women the vote.

and he came from Liverpool!!

[not3bad]

That Frederick Rinder was a bastard. I hold him personally responsible for the British Empire's concentration camps during the Boer War, the suppression of trades unions and the refusal to give women the vote.

and he came from Liverpool!!

I never knew that.

[BoskoDjembaSalifou]

http://www.telegraph.co.uk/sport/football/teams/aston-villa/11660653/Randy-Lerner-moves-closer-to-150m-Aston-Villa-sale.html

Interesting!

[PaulWinch again]

That is interesting. I just hope whoever it is has sufficient funds and also has a vision for the club that is positive.

[KRS]

"Exclusivity"...not sure if thats something to be excited or concerned about. I guess we wont know until we know who "exclusivity" has been granted to.

[Toronto Villa]

That is interesting. I just hope whoever it is has sufficient funds and also has a vision for the club that is positive.

He has already stated that he won't just sell to anyone so one would hope that awarding exclusivity means that the prospective buyer has met certain critical criteria set by Randy's representatives. And that isn't just the price but all of the other things he considers being a good custodian for the club.

[dave.woodhall]

On the other hand there are Villa messageboards that have announced fewer imminent takeovers than John Percy has.

[frank black]

Exclusivity.

Most purchasers insist that you grant them a period of exclusivity before starting their due diligence investigations into your company. There are two reasons for this. Firstly, they want breathing space to complete the acquisition without worrying about competing bidders. Secondly, due diligence is an expensive exercise, regularly costing purchasers more than £250,000 in fees. This represents a significant risk for the purchaser, so in return it expects a commitment from the seller not to negotiate an alternative deal with rival acquirers.

[warleyboy]

As long as it's not paul smith....

[edgysatsuma89]

Man on ssn has just stated that Paul Smith is unlikely to be the one who has been granted exclusivity.

[ciggiesnbeer]

Villa grants exclusivity to potential buyer and enters the "quiet" period where both sides insist on complete confidentiality.

Leaks it to press.

I don't think so.

[Whiney MacWhineface]

It's not remotely unusual for a selling company to announce period of exclusivity. That the potential buyer is unknown is less so though.

[KRS]

SSN: 4-6 weeks exclusivity for unknown party but unlikely to be Paul Smith...either the American or Chinese consortiums are most likely apparently.

[Gerrin]

So we're basically in limbo now with regards to new signings, great!!

[aj2k77]

So we're basically in limbo now with regards to new signings, great!!

With Lerner in charge we will be spending fuck all anyway. Let's hope it's done and dusted within a month and we can approach the season with renewed hope.