There has to be an EGM.
MM needs control of 75% of shares issued.The shareholders have not received any official details of MM's latest derisory offer.
The present ,now rudderless board ,will never convince Holders of 75% of shares to sell without either an ad hoc meeting of shareholders or an...
MM has, yet again, made a new(lower) offer for the board to consider.AT and GC resigned because they've had enough of MM continually changing the terms of the offer.
The whole process has been delayed by MM not by the board or the shareholders.What are they supposed to do when he continually...
The deal is not done and cannot be done for several weeks at least.NONE of the shareholders have been asked to vote on the latest Mandaric offer.They cannot make a decision until they are told the terms of the offer.If ,as seems likely ,the latest offer is worse than the previous it is VERY...
read my posting.The £4.5m is not a payment to shareholders .It is the payment by mm on completion of the deal.Shareholders get 50% of value next year if we don't get promotion and 100% if we do.
Anyway s**t is really going to hit the fan later this morning.
Yes this is absolutely correct plus MM pays £4.5m on completion.If we get promoted at end of next seasonthen MM must pay between £3 and £3.5m extra to shareholders in cash.Is this a disincentive for MM to go all out for promotion next season?
Discuss
RL have just reported that the bid is just under £6m.What happened to £25m-Bill Anderson?This means that MM is buying the club for the same amount of money as the current shareholders put in except that he is not paying all of it upfront.
He has made no commitment to buy back the stadium and...
Re: MM and Portsmouth
The board have not yet received a final offer from MM so how they can they be accused of screwing up?Would you sell your house to somebody without knowing the price?
Has it occurred to anybody out there that MM may have his own reasons for creating delays to the...
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