Paul Waine wrote: ↑

Thu Dec 03, 2020 9:14 pm

If Mike Garlick sells you his shares you don't need to ask him to "step away." The sale of his shares means he will be stepping away.

That's not to say there might not be some things to be sorted out after the sale and purchase has been concluded.

And, that's not to rule MG making a new arrangement with ALK for him to be involved in a new capacity. The thing is ALK will be "calling the shots" as soon as MG sells them his shares.

UTC

IF he sells his shares.

Imagine if all the other directors sold their shares which is around 44% and Garlick sold 7% of his. That would leave ALK with 51% & Garlick with 42%.

I’m not suggesting that’s happening but there is the option of him retaining a shareholding unless the deal is ALK buying all the shares and I can confirm that I’ve not had any approach for mine.

The Enclosure wrote: ↑

Thu Dec 03, 2020 9:10 pm

I would keep Dyche,ask Garlick to step away and ask Baŕry Kilby to step up and guide the transition period.

I agree with that, but MG might not sell his shares on that basis.

Is tomorrow going to be the day or are they going to coincide it with Jordan North winning I’m a Celebrity?!

Steve-Harpers-perm wrote: ↑

Thu Dec 03, 2020 9:22 pm

Is tomorrow going to be the day or are they going to coincide it with Jordan North winning I’m a Celebrity?!

When does that happen?

Tomorrow would be a good choice of day for it to happen given it is our second biggest shareholder’s birthday.

Zlatan wrote: ↑

Thu Dec 03, 2020 9:09 pm

That 100 page thread is approaching fast

You tease!

ClaretTony wrote: ↑

Thu Dec 03, 2020 9:06 pm

[*]

Do you seriously believe that?

There will be provisions within the sale and purchase agreement that relates to the contact that any prospective purchases can have with any employee. All employees will continue to have a duty to their current employer. It may be that ALK have agreed with MG that they meet with Sean Dyche to discuss their plans. It may be that there are limits placed on that discussion. I'd imagine that they'd agree that they would discuss nothing with Sean Dyche which may impact on the value that ALK are offering to pay to buy MG's shares. It may also be that there would be no discussion relating to Jan transfer window.

If/when ALK become the owner of the club they will inherit all the club's contracts, including Sean Dyche's contract. I don't know whether they would be allowed to indicate to SD that they planned to negotiate a new contract with him when ALK becomes the club's owner.

I feel for Sean Dyche. He's been through a takeover situation once before and he lost his first coach/manager job as a result. Of course, he ended up at Turf Moor and has done a great job for the past 8 years. I hope he is looking forward to stronger resources to develop the team and will enjoy a very good Christmas.

UTC

EDIT: I've now listened to the Everton press conference - and Sean Dyche has spoken about his experience at Watford. From the way SD speaks, I get the impression SD is in a "happy place" with the potential new owners.

ClaretTony wrote: ↑

Thu Dec 03, 2020 9:25 pm

When does that happen?

Tomorrow would be a good choice of day for it to happen given it is our second biggest shareholder’s birthday.

Sunday I think!

It would certainly give the club a much needed morale boost if announced tomorrow.

ClaretTony wrote: ↑

Thu Dec 03, 2020 9:19 pm

IF he sells his shares.

Imagine if all the other directors sold their shares which is around 44% and Garlick sold 7% of his. That would leave ALK with 51% & Garlick with 42%.

I’m not suggesting that’s happening but there is the option of him retaining a shareholding unless the deal is ALK buying all the shares and I can confirm that I’ve not had any approach for mine.

That's an interesting variation, CT. I'd imagine MG and JB are looking to sell most/all of their shares to ALK. Once that's been agreed, it will be for ALK to decide on what they propose for all the other shareholders.

I'm not a shareholder. I'd imagine if there had been an approach to any of the smaller shareholders then we'd have heard about it on here.

Good luck to all those that do own shares, especially if they are perhaps worth £1,500 or more each.

UTC

Announce it tomorrow and beat Everton Saturday and it will be a very good weekend

Do we think it could be announced tomorrow ?

NewClaret wrote: ↑

Thu Dec 03, 2020 8:18 pm

Retaining Neil Hart will mitigate the loss of MG and hopefully they ask a few of our experienced board members to stay on in NED roles.

I really don't understand that statement? In what way does keeping a guy who's been in his job less than a year mitigate anything? Prior to taking his current role he worked with Burnley in the Community which has nothing to do with running a football club. He's been in place for one of the most dismal transfer windows in the recent years. He's barely had the chance to oversee a match day or any of the usual day to day activities of a football club due to COVID. After the way he treated Huddersfield I would have though that Mr Hart is probably a very worried man right now.

Paul Waine wrote: ↑

Thu Dec 03, 2020 9:32 pm

That's an interesting variation, CT. I'd imagine MG and JB are looking to sell most/all of their shares to ALK. Once that's been agreed, it will be for ALK to decide on what they propose for all the other shareholders.

I'm not a shareholder. I'd imagine if there had been an approach to any of the smaller shareholders then we'd have heard about it on here.

Good luck to all those that do own shares, especially if they are perhaps worth £1,500 or more each.

UTC

It was just a hypothetical scenario but one that would see ALK have control but one director still own a lot of the club. Not for one minute do I think that will be the case.

But I can confirm that no approach has been made for my shares and I’ve spoken to other shareholders and they neither have had any contact.

mill hill claret wrote: ↑

Thu Dec 03, 2020 9:51 pm

Do we think it could be announced tomorrow ?

I do. Mid-afternoon.

Can't they unilaterally hoover up the remaining shares when main deal has been done?

Stevie Morgan wrote: ↑

Thu Dec 03, 2020 10:06 pm

Can't they unilaterally hoover up the remaining shares when main deal has been done?

A different question: are there any of our fans who would invest in new shares if ALK Capital do an IPO?

UTC

Paul Waine wrote: ↑

Thu Dec 03, 2020 10:11 pm

A different question: are there any of our fans who would invest in new shares if ALK Capital do an IPO?

UTC

Yep I might - but not as an investment.
More out of sentiment.

ClaretTony wrote: ↑

Thu Dec 03, 2020 9:06 pm

[*]

Do you seriously believe that?

I do, but I'd be happy to be proven wrong. One club can't poach another clubs manager without going via official channels. I would imagine this is similar.

Steddyman wrote: ↑

Thu Dec 03, 2020 10:35 pm

I do, but I'd be happy to be proven wrong. One club can't poach another clubs manager without going via official channels. I would imagine this is similar.

And do you seriously believe clubs don’t poach managers? Happened just recently with Swindon losing Wellens.

Does this forum still have a 100 page limit? It would be a real shame for nobody to know the outcome of the negotiations due to the thread hitting the limit

Steddyman wrote: ↑

Thu Dec 03, 2020 10:40 pm

Does this forum still have a 100 page limit? It would be a real shame for nobody to know the outcome of the negotiations due to the thread hitting the limit

viewtopic.php?f=2&t=223&start=24400#p1429683

Steddyman wrote: ↑

Thu Dec 03, 2020 10:40 pm

Does this forum still have a 100 page limit? It would be a real shame for nobody to know the outcome of the negotiations due to the thread hitting the limit

It has never had a 100 page limit

ClaretTony wrote: ↑

Thu Dec 03, 2020 9:59 pm

It was just a hypothetical scenario but one that would see ALK have control but one director still own a lot of the club. Not for one minute do I think that will be the case.

But I can confirm that no approach has been made for my shares and I’ve spoken to other shareholders and they neither have had any contact.

They don’t need to consulate you. Drag n tag share rules will be in place meaning Garlick + 1 = he can do what he wants and you’ll just get your money when deal is done

bfcwest wrote: ↑

Thu Dec 03, 2020 10:56 pm

They don’t need to consulate you. Drag n tag share rules will be in place meaning Garlick + 1 = he can do what he wants and you’ll just get your money when deal is done

I didn’t say they had to, just that they hadn’t. You say I’ll get my money when the deal is done but as far as I can see there is nothing to suggest they will be buying my shares.

Stevie Morgan wrote: ↑

Thu Dec 03, 2020 10:06 pm

Can't they unilaterally hoover up the remaining shares when main deal has been done?

It's different for private companies than it is for public companies, but I think if they get agreement from a certain percentage (90%?) they can automatically buy up the rest on the same terms. There are also protections for minority shareholders that stop them (I think) from issuing millions of new shares to make the minority shares worthless.

This thread approaching 100 pages and all its participants will go down in history and could be used as a reference to write the new Dave T books of the day

ClaretTony wrote: ↑

Thu Dec 03, 2020 11:02 pm

I didn’t say they had to, just that they hadn’t. You say I’ll get my money when the deal is done but as far as I can see there is nothing to suggest they will be buying my shares.

Hope you’ve not spent it mate!

I’m going to bed. According to the ever-reliable Twitter, tomorrow’s the big day. Keep an eye above the Turf for white smoke Tony...

But..... Tomorrow never comes!

icu81b4 wrote: ↑

Fri Dec 04, 2020 12:20 am

But..... Tomorrow never comes!

Is Yesterday, Tomorrow, Today?

Dyche is totally aware of the takeover as are the players.

BenWickes wrote: ↑

Fri Dec 04, 2020 7:07 am

Dyche is totally aware of the takeover as are the players.

Is today the day ?

Steddyman wrote: ↑

Thu Dec 03, 2020 10:40 pm

Does this forum still have a 100 page limit? It would be a real shame for nobody to know the outcome of the negotiations due to the thread hitting the limit

ClaretsMad used to have a 500 post limit, I think

ClaretTony wrote: ↑

Thu Dec 03, 2020 11:02 pm

I didn’t say they had to, just that they hadn’t. You say I’ll get my money when the deal is done but as far as I can see there is nothing to suggest they will be buying my shares.

I’d be very surprised if they didn’t buy all the shares. They are buying the club, and I’d assume the quoted £200m refers to it all.
Have you tried to contact Garlick?

Just watched the full press conference, reading between the lines, SD has definitely spoken to ALK, and is looking forward to taking the club forwards.

This could be an absolutely huge day for the town and the people of it to get a huge lift, whilst putting a smile on their faces for Christmas.
























Come on Jordan, you can win I'm a celebrity!!!

claretandy wrote: ↑

Fri Dec 04, 2020 7:34 am

Just watched the full press conference, reading between the lines, SD has definitely spoken to ALK, and is looking forward to taking the club forwards.

If dyche had said it was Thursday, I would have checked. He's not the best at press conferences

Could be a double today... takeover announced... Jordan wins. Get the champagne on ice.

Fingers x we definitely could do with some good news.

A question to the financial experts....
How legally binding are these documents that the Egyptian bid have possibly signed? And could it affect any other bid being successful?

I would be very surprised if the takeover was announced today

Grumps wrote: ↑

Fri Dec 04, 2020 7:55 am

A question to the financial experts....
How legally binding are these documents that the Egyptian bid have possibly signed? And could it affect any other bid being successful?

From what I was told, despite what the papers reported at the time, nothing had been signed.

nyclaret wrote: ↑

Fri Dec 04, 2020 7:57 am

I would be very surprised if the takeover was announced today

Why?

nyclaret wrote: ↑

Fri Dec 04, 2020 7:57 am

I would be very surprised if the takeover was announced today

Because?

This feels like being a kid at Christmas waiting for Santa, I hope it's not a disappointment like when you put a Scalextric on the list and end up with a with a wind up police car.

Goobs wrote: ↑

Fri Dec 04, 2020 3:36 am

Is Yesterday, Tomorrow, Today?

Yesterday starts tomorrow
Tomorrow starts today

More great lyrics from Fish

If ALK are meeting with Garlick etc today in London, would that not imply there is still more to do? An announcement today seems unlikely if they are still in discussions.

Yesterday all my troubles seemed so far away .

jedi_master wrote: ↑

Fri Dec 04, 2020 8:14 am

If ALK are meeting with Garlick etc today in London, would that not imply there is still more to do? An announcement today seems unlikely if they are still in discussions.

Media strategy? If its all but done after meeting there might be openness to leaking info

Still seems like it’s some time off an announcement, if there’s a meeting today.

These things take time

jedi_master wrote: ↑

Fri Dec 04, 2020 8:14 am

If ALK are meeting with Garlick etc today in London, would that not imply there is still more to do? An announcement today seems unlikely if they are still in discussions.

Could just be dotting the i’s and crossing the t’s

joey13 wrote: ↑

Fri Dec 04, 2020 8:28 am

Could just be dotting the i’s and crossing the t’s

Tits?