[Archived] Rovers Might Have Been Sold?

[chaddyrovers]

The Indian group and the Thai guys are the two I know of who are sniffing around.

There are hints that someone else may be lurking. There have been a few hanging about in the last year, so you never know.

Intriguing. Hope they get on with it.

You have to say Rovers is an attractive buy for someone with money. It's not THAT expensive.

You are never going to get rich with it, but it could be a worthwhile exercise if you want it for the right reasons.

Who are the Thai Guys? anybody we know. Also how long do you think it before we know whether they are going to but the club?

[Billy Castell]

I think the Thais are a group with links to Thakisin Sinawatra, the former Man City owner. Given Thakisin's troubles with frozen assets, arrest warrants and the corruption allegations, I'm not sure about these chaps.

And I'd keep quiet about Bill Gates, people might think you're being serious.

[ewoodpo]

Didn't somebody somewhere write, that the only connection the Thai group had with Shinawatra was that they wanted to buy City off him.

[Blackburn Ravers]

Rumours rumours rumours,

Lets face it guys, there is only a few people that know exactly what is going on at the minute, most of us on here are not privy to anything that might be happening, So instead of saying these guys are not trustworthy or anything along them lines why not wait till we have some proper info then have our 2 pennies worth,

[Roversboy1972]

I'd bet my house on you being under 18 years old.

no mid 20s thanks for your home cleaver dick

[ewoodpo]

no mid 20s thanks for your home cleaver dick

Well Rooster I am surprised, as you still haven't grasped English grammer.

[brian_gallagher85]

cleaver dick

Sounds painful

[brightonrover]

It's grammar not grammer!!!

[philipl]

I see Vinjay has met his match on the thread following that LT article!!

[Majiball]

I see Vinjay has met his match on the thread following that LT article!!

Thanks for that, hopefully he'll do one now.

[Brfcrule1]

Nicko there are several things that need clarifying yesterday on that maple leaf blog it said the bloke S.Shah did not have 2 hay penny's to rub together,so that would indicate they are out of the picture & the Walkers would have told them to do one. Then today LET it says the Shah interest is not dead. We knew they had meetings with the club this week with 9 other representatives at Brockhall all rovers said is that there was real interest,but nothing more like before. Then on the end it says it is unknown how wealthy he or his backers are although they have shipping interests on the maple leaf blog it says he is not wealthy both from LET sources. So what exactly is the truth?. Then you say there are 2 live bidders the Indian & the Thai's so from what you said the Indians are still in the frame if they have no money surely they would be discounted. It says there will be a bid made shortly then the club will decide who to sell to?. That tells me the Thai's are about to make a bid so is it true the Walkers are instigating a bidding auction to get the best possible price is this correct?. You talk about leaks and black propaganda only the individuals will know their reasons it seems the 2 sources from the LET are saying the same thing. Nicko what is the truth here do we know who the backers for the Indians are & have they run background checks on their consortium? do we have any new info on the Thai bid who the backers are etc.?. I have to say if I hear one more time there is real interest I will stick one of those vuvuzelas up vinjay's where the sun don't shine. Nicko all this contradicting suggests to me the Walkers want rid at any cost which is a dangerous thing considering what's happened at other clubs and things are going on behind the scenes. Nicko what is the truth here as stated before the trustees will not sell at any cost have they now changed their stance and want rid whatever? It reminds me of this coalition gvt. saying there will be cuts but not giving specifics on where they are going to come. any help would be great.

[Ste B]

If it gets to due diligence both parties will examine each others books etc.

[nicko]

Nicko there are several things that need clarifying yesterday on that maple leaf blog it said the bloke S.Shah did not have 2 hay penny's to rub together,so that would indicate they are out of the picture & the Walkers would have told them to do one. Then today LET it says the Shah interest is not dead. We knew they had meetings with the club this week with 9 other representatives at Brockhall all rovers said is that there was real interest,but nothing more like before. Then on the end it says it is unknown how wealthy he or his backers are although they have shipping interests on the maple leaf blog it says he is not wealthy both from LET sources. So what exactly is the truth?.

THE KEY POINT IS THAT THE INDIANS HAVE BEEN IN CONTACT FOR WEEKS, HAVE COME OVER AND BOTH SIDES ARE LOOKING SERIOUSLY AT EACH OTHER. THIS IS PROBABLY MORE ADVANCED THAN ANY INTEREST SINCE THE DAN WILLIAMS CASE THREE YEARS AGO. IN FACT, IT IS PROBABLY MAKING A BIGGER IMPACT AS TRANSFER ACTIVITY ISVIRTUALLY SUSPENDED AS THIS PROCESS GOES ON...AND THAT IS AN EXTRA PROBLEM. THE MARPLE LEAF CHAP PICKED UP A COLUMN FROM SOME SUPPOSEDLY 'IN THE KNOW' FAN...THE FACT THE CLUB ARE STILL TALKING TO THE INDIANS TELLS ME THIS IS PRETTY SERIOUS...WE HAVE STILL TO DISCOVER WHAT MONEY THEY INTEND TO SPEND OR HAVE BEHIND THEM...THAT IS MORE IMPORTANT THAN DAFT INTERNET MUD-SLINGING.

Then you say there are 2 live bidders the Indian & the Thai's so from what you said the Indians are still in the frame if they have no money surely they would be discounted. It says there will be a bid made shortly then the club will decide who to sell to?. That tells me the Thai's are about to make a bid so is it true the Walkers are instigating a bidding auction to get the best possible price is this correct?. You talk about leaks and black propaganda only the individuals will know their reasons it seems the 2 sources from the LET are saying the same thing.

I KNOW THE THAIS ARE STILL IN THE PICTURE...BUT THE INDIANS ARE PROBABLY AHEAD IN THE PROVESS JUST NOW...TO BE FAIR, THEY DID NOT LEAK THEIR INTEREST...THAT CAME FROM ME...THEY WERE 'OUTED' BY THE TIMES AFTER THAT...THEY ARE FOR REAL...BUT IT'S NOW A MATTER OF CHECKING INTO THEM AND THEIR INTENTIONS.

Nicko what is the truth here do we know who the backers for the Indians are & have they run background checks on their consortium? do we have any new info on the Thai bid who the backers are etc.?. I have to say if I hear one more time there is real interest I will stick one of those vuvuzelas up vinjay's where the sun don't shine. Nicko all this contradicting suggests to me the Walkers want rid at any cost which is a dangerous thing considering what's happened at other clubs and things are going on behind the scenes. Nicko what is the truth here as stated before the trustees will not sell at any cost have they now changed their stance and want rid whatever? It reminds me of this coalition gvt. saying there will be cuts but not giving specifics on where they are going to come. any help would be great.

THERE IS NO CONTRADICTION AS SUCH...ONE OR TWO PEOPLE ARE TRYING TO RUN THEM DOWN...THAT IS EITHER BECAUSE THEY ARE ON ONE OF THE OPPOSITION SIDE'S OR ARE BEING FED INFO FROM WITHIN THE CLUB...I THINK THERE IS GENUINE CONCERN AT THE CLUB ABOUT WHO THESE PEOPLE ARE AND WHAT THEY PLAN TO DO...WHETHER THAT IS A REAL CONCERN OR JUST BEING A NATURAL-BORN PESSIMIST IS NOT FOR ME TO SAY.

I HAVE A FEELING THE TRUSTEES ARE A BIT SPOOKED BY THIS WHOLE AFFAIR...THEY HAVE FINALLY FOUND A POTENTIAL BUYER AND FOR SOME REASON ARE WORRIED ABOUT THE OUTCOME...LIKE I SAID BEFORE, VERY INTERESTING TIMES.

[Brfcrule1]

Nicko,

thanks as ever for your info this sounds very positive hopefully something will happen soon. Thanks for clearing up all the stories floating around the press it's difficult to know who to believe so let's just hope this gets resolved quickly.

[Brfcrule1]

Nicko you said yesterday a bid will be made shortly is that from the Thai group?. I already had the impression the Indians had already made a bid or is that not the case?.

thanks as ever for your great input.

[nicko]

Nicko you said yesterday a bid will be made shortly is that from the Thai group?. I already had the impression the Indians had already made a bid or is that not the case?.

I would think the Indian group are more likely to make the first bid...they seem to have been pushing for this more than anyone lately.

Just been thinking. It is about seven-eight weeks since I first heard of their interest and they are still around and making visits to the club. So this has been happening behind the scenes for some time. It's not a passing interest.

[Bobby G]

No bid has been submitted as of now from either group as far as everyone is aware.

[philipl]

- I doubt the Trustees are "spooked" other than they would have preferred the matter not to have gone public in some of the ways it has.

- Could it be simply a matter that there are conditions that a buyer has to meet to put the Trust into a position that they can safely sell the club within the terms that Jack set up the Trust and that these are pretty onerous so far as potential purchasers are concerned?

- the press have quoted Shah as saying a formal offer was lodged with the Trust and this was some two weeks ago. However, the Shahs also said they have exclusive negotiating rights and had due diligence rights, neither of which appear to be the case now.

- John Williams has publicly stated there is serious interest. I stand to be corrected but I think that is more than was ever said about the Dan Williams effort.

- I guess a lot depends on what exactly Nathaniel's role is with regards to the Shahs and whether he is looking to take a managerial position at Rovers were the Shah bid to be successful

For what it is worth, companies retain their independence quite often when there is one buyer in for them but rarely fail to get sold when there are two or more serious suitors. That said, Rovers are not a normal company with a normal owner and for that we will have huge cause to be grateful both for the past two decades and the the decade to come.

If due diligence is announced, there will almost certainly be a deal in place subject to the paperwork being checked to make sure that what each side has represented to each other is substantiated- mostly with regards to Rovers being in the state the Trust present the club as. Football is a funny world but elsewhere it is not often deals fail at the due diligence stage if both parties have negotiated in good faith. If due diligence is granted, we will know who our new owners are with 90-95% certainty.

If anyone wants to check what the various parties have said publicly, Wen Y Hu posted an exceleent digest in this thread.

[Bobby G]

Ive been updated to the situation so to speak, and I would say that IF we are really interested in a take-over then there is only ONE really interested party in TALKS with the club.

Choice words.

On a side-note, and related in some ways, but a major player is leaving the PL for La Liga. Done and dusted.

[67splitscreen]

The onerous conditions mentioned yet again, philipl.

Of course there will be terms that need to be met, it's a business transaction.

Rivercider, said there were no onerous conditions, or at least any that would cause difficulties to a serious bid.

If what he posted was true, then, he is the only person known to this board that has come even close to knowing what the terms are.

It seems pretty obvious to me at least, the articles last week were as Nicko says, propaganda, the club would have killed the bid if true.

[gumboots]

If there was a book on this now what would be the odds do you reckon of the Indian group buying the club? And of a take over by AN other?

[Bobby G]

I think one group WANTS to buy the club, but I dont know their intentions with it, or what their backing is, whilst the other one despite taking the initial steps will not buy the club (from what I know).

Still, two parties talking to the club!

Interesting times.

[Alan75]

If there was a book on this now what would be the odds do you reckon of the Indian group buying the club? And of a take over by AN other?

A possible betting sting - so betting would be suspended

[47er]

I think one group WANTS to buy the club, but I dont know their intentions with it, or what their backing is, whilst the other one despite taking the initial steps will not buy the club (from what I know).

Still, two parties talking to the club!

Interesting times.

So you're saying the indian group will not buy the club but the Thai group want to? Or is it the other way round?!!!

[philipl]

The onerous conditions mentioned yet again, philipl.

Of course there will be terms that need to be met, it's a business transaction.

Rivercider, said there were no onerous conditions, or at least any that would cause difficulties to a serious bid.

If what he posted was true, then, he is the only person known to this board that has come even close to knowing what the terms are.

It seems pretty obvious to me at least, the articles last week were as Nicko says, propaganda, the club would have killed the bid if true.

There have been at least three posters with reasonable inside knowledge who have explained all this over the years.

Circumstances change for sure but sadly Jack cannot come back to alter the documents with which the Trust is working.

Ask the American posters about rivercider- they met him, or not.