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The deal

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MarinerRob
April 7, 2021, 9:45pm
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He knows rather a lot about the inner running of the club and the deal which is supposed to be confidential as KingstonMariner says.

Mention of 'tyre kickers' in his post. I think I have heard that mentioned before somewhere. I wonder where that was?
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MuddyWaters
April 7, 2021, 9:59pm
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Fill Notch has made more comebacks than Sinatra.
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Tommy
April 7, 2021, 10:12pm
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Quoted from Fillipe Noche
Heads of Agreement were in place and all parties were on the same page. There HAS NOT been any 11th hour changes to the HOA’s on the part of anyone. There’s no nasty surprises that were unearthed that have caused one member of the consortium to change their mind. It’s as simple as Tom Shutes backing out, because when it came to completing, he got the jitters and lost his business confidence. What he has called personal reasons. That could be as he has financial issues, or that on reflection he just decided it wasn’t for him. Either way, he has wasted a lot of valuable time, and both the club and the other two investors have gone on record of saying that they are disappointed in Tom Shutes.


Firstly, the bit in bold. No, they haven't.

Fenty did, in the typically unprofessional and snide manner that he often does when airing his dirty laundry in public and using the club website to peddle his own personal propaganda. But as far as I read, the statement from the club and consortium had Stockwood as saying he was disappointed that Shutes had stood down. Not disappointed in him, just disappointed that he was no longer involved.
It may be that privately, JS is disappointed in Shutes (we don't know details of whats gone on) but he certainly has not gone on record as being disappointed in him.

Secondly, for someone who spouts off a lot on here about conjecture and people speculating, you're throwing some interesting theories around about Tom Shutes when we don't know what's gone on. All we have is Fenty's little personal slant on it which, as well know, shouldn't be taken in any way as representing true events without further confirmation.

I think you need to be a bit clearer on who the fictional character is that youve created to post on here. You claim to not be on the board of GTFC or be a Fenty family member. Yet you post a lot to try to imply you have some knowledge of some of the inner goings on at the Club. So which is it? You are definitely part of the Fenty PR machine and will have some connection to him, whether you admit it or not. Nothing else could explain the blind loyalty, failure to acknowledge JF as a failure, and plenty of attempts to discredit or raise doubts over the consortium.


"The greatest mistake you can make in life is to continually be afraid you will make one."
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BlackandWhiteBarmy2
April 7, 2021, 10:18pm
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Just like your hero Noche. You keep saying you're flipping off yet you're still flipping here.


And when you fall back into the mud it hurts a lot.
No! None of it was true, none of those things we thought we could see existed at all.
All that was really there was still more misery

Emile Zola
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Northbank Mariner
April 7, 2021, 10:24pm
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Plus may I add, if you are going to use terminology Mr Nosh, get it right will you, it's "Head of Terms"..so trying to make yourself look clever, once again you've come out looking foolish..
Why don't you, just for once, rather trying to poke the wasps nest with a stick all the time, actually come out with something remotely constructive..
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Knut Anders Fosters Voles
April 7, 2021, 10:37pm
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Quoted from Northbank Mariner
Plus may I add, if you are going to use terminology Mr Nosh, get it right will you, it's "Head of Terms"..so trying to make yourself look clever, once again you've come out looking foolish..
Why don't you, just for once, rather trying to poke the wasps nest with a stick all the time, actually come out with something remotely constructive..


Without wishing to defend Mr Noche, what are ‘Head of Terms’?!
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DB
April 7, 2021, 10:59pm
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Quoted from Fillipe Noche
You all seem to be missing a very simple understand point, that is a basic procedure in the buying and selling of a business or shareholding’s such as this. I shall explain.

When the business negotiations are completed and all of the pricing is agreed, lawyers then draw up all of the nitty gritty terms and conditions of sale that will be put in place on which the sale is agreed. These are what are commonly known in mergers and acquisitions as, “Heads of Agreement”.

Heads of Agreement are, if you like, like the conveyance contracts that your solicitor draws up when buying and selling your home. But in respect of business sales, they include such things as contracts of undertakings, roles and responsibilities, protective covenants, the structure and schedule of the payments etc. Whether that’s payment in full on day one, or whether there is an ongoing “earn out” geared to the sale, sometimes with the vendor maintaining a role in the business if needed during a transitional period.

Now you may recall that it was publicised that the deal was a agreed and that the “Heads of Agreement” were drawn up to. So in essence the entire structure of the sale was agreed by all parties, to the extent that all felt satisfied enough to submit the application to the EFL, in order to progress the sale via the EFL fit and proper purpose enquiries.

Heads of Agreement were in place and all parties were on the same page. There HAS NOT been any 11th hour changes to the HOA’s on the part of anyone. There’s no nasty surprises that were unearthed that have caused one member of the consortium to change their mind. It’s as simple as Tom Shutes backing out, because when it came to completing, he got the jitters and lost his business confidence. What he has called personal reasons. That could be as he has financial issues, or that on reflection he just decided it wasn’t for him. Either way, he has wasted a lot of valuable time, and both the club and the other two investors have gone on record of saying that they are disappointed in Tom Shutes.

These 11th hour changes of mind happen in business sales every day. But, in the case of a football club, there’s a fan base that gets very emotional about it when it occurs. But it’s really not an unusual occurrence. Call it tyre kicking if you wish, but it is what it is... an investor that just didn’t have the strong desire and conviction to see through a deal and get into bed financially with the club we love.

It’s not for everyone, and it takes a financially well appointed person, with a lot of desire and enthusiasm, to take on a football club.


Outcomes the Black Knight in his trusty scratched motor telling all around the sheriff of Blundell Park is a nice man, his unbelievable words are the truth and that all the peasants fans have misunderstood him.

He's so good to the peasants fans that he took all their money and gave them non-league football. He failed to make any significant improvements to castle Blundell Park which is crumbling down around him,  apart from a new portacabin stable for his Black Knight to quill defensive comments from.

And when 3 White Knights come along to challenge the sheriff he manages to lame one of them. Of course, Black Knight comes to the sheriff's rescue claiming a foul in a dark corner of the castle. A place so dark that the peasants fans are not allowed in so they cannot light a candle and see what lies there.

The sight within it is so bad that Black Knight has tried to white wash reassure the peasants into believing what the sheriff has done is for their own good. Whatsmore Black Knight also tries to convince the peasants that they need to give more of their hard-earned cash to the sheriff because he is such a nice man.

Fairy stories, don't you hate some of them.


You can please some of the forumites some of the time but not all the forumites all of the time
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Fillipe Noche
April 7, 2021, 11:11pm
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Quoted from Northbank Mariner
Plus may I add, if you are going to use terminology Mr Nosh, get it right will you, it's "Head of Terms"..so trying to make yourself look clever, once again you've come out looking foolish..
Why don't you, just for once, rather trying to poke the wasps nest with a stick all the time, actually come out with something remotely constructive..


Heads of Agreement, or Heads of Terms, same thing you daft one

https://www.turnbullhill.com.au/articles/what-is-a-heads-of-agreement-and-are-they-legally-binding/
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DB
April 7, 2021, 11:27pm
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Quoted from Fillipe Noche


I see turnbullhill.com.au is Australian. Is the reason why you keep supporting JF. You're getting your ( lack of) knowledge from down under and not from an England, making all your comments 'topsy turvy'.


You can please some of the forumites some of the time but not all the forumites all of the time
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jamesgtfc
April 7, 2021, 11:38pm
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This is getting silly now and Senor Noche should be banned.

I hope for the sake of the club, Fenty gets gone as soon as possible because I wouldn't want to be him when our fate is sealed mathematically and we are still no closer to him being gone.
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