SUFC: The Future SUFC up for sale

[gatecrasher]

We know the score with Ron, he will take it to the steps of the court on the 12th and either pay it off himself after selling his mint condition 80s Frosty bike reflectors or he will have finally relented and let the sushi company buy the club #wallop

 

[SUFC2008]

good to see the players back in pre season training. COYB

 

[Awooga]

Hi.

This - 100% in my view.

Sorry, I've only ever posted a handful of times, and twice on DD now! Just to knock on the head the whole "DD doesn't begin until exclusivity". As Kimura are in financial services (and presumably regulated by FCA / PRA), my own experience of DD remains that any number of parties can begin DD (call it round 1). Some questions, the seller may decline to answer until exclusivity ("round 2") because the information is commercially sensitive and/ or lawyers advise to defer the Qs until later.

Having worked on a number of sales & acquisitions (in fin serv, nothing as interesting as a football club more's the pity), it's just not my experience that DD and exclusivity go hand in hand, at least at the start. However, to repeat, some answers may not be forthcoming until there is exclusivity.

As somebody posted, DD will end up in diminishing returns - you end up spending serious money digging, probing etc and the benefit back in terms of additional info might be marginal. Ultimately, if it is Kimura and if they operate "typically" (ie like I've seen other firms!!!) then there will be a risk report to their Board laying out the pros and cons against their appetite to risk. God knows where we are on that timeline if indeed that is the process!

Am pretty sure they have covered a substantial amount of dd. It’s correct you don’t need exclusivity to conduct dd, if the other party is willing to open the kimono regardless.

 

[fredheim_holm]

Am pretty sure they have covered a substantial amount of dd. It’s correct you don’t need exclusivity to conduct dd, if the other party is willing to open the kimono regardless.

If I had to guess the sort of username one of the Kimura boys would pick to post on here, yours would be high on the list. The timing of your registration and post history are quite interesting too

#awooga #wallop

 

[JAL]

If I had to guess the sort of username one of the Kimura boys would pick to post on here, yours would be high on the list. The timing of your registration and post history are quite interesting too

#awooga #wallop

Joined on May 25th, read some of his posts.. could well be a Kimura boy

 

[LeedsSUFC]

I'm led to believe Ron has a finger somewhere in the Ike Homes / Guiness Partnership pie.

I did think Guinness Homes were involved with FF. Not sure if Ron has any involvement though.

Guinness Homes are quite big though. In Leeds alone, they're part of building some new shared ownership flats in Leeds Centre. Those flats are not cheap at all.

 

[TrevorFitzpatrickHattrick]

Am pretty sure they have covered a substantial amount of dd. It’s correct you don’t need exclusivity to conduct dd, if the other party is willing to open the kimono regardless

Hoping the kimono has been removed completely and they haven’t been too disturbed by what’s underneath…

 

[BEERMONSTER]

If I had to guess the sort of username one of the Kimura boys would pick to post on here, yours would be high on the list. The timing of your registration and post history are quite interesting too

#awooga #wallop

Had crossed my mind too

 

[JB Shrimper]

Hoping the kimono has been removed completely and they haven’t been too disturbed by what’s underneath…

Ron minus kimono, now there is a sobering thought!

 

[Shrimper]

I did think Guinness Homes were involved with FF. Not sure if Ron has any involvement though.

Guinness Homes are quite big though. In Leeds alone, they're part of building some new shared ownership flats in Leeds Centre. Those flats are not cheap at all.

Guinness Homes are building the homes opposite by B and Q I think but not fossetts

 

[Shrimper95]

Am pretty sure they have covered a substantial amount of dd. It’s correct you don’t need exclusivity to conduct dd, if the other party is willing to open the kimono regardless.

So when do you think this will all be completed?

 

[Hampshire Shrimp]

So when do you think this will all be completed?

I see what you did their

 

[Ozzer]

Well, Jack Martin certainly has been involved. Mrs Ron has Ron’s balls in a jar (we’re told) so arguably she’s important too.

Woah steady. Mrs M is very nice. I would be careful bringing her into all of this.

 

[Tommy2holes]

If I had to guess the sort of username one of the Kimura boys would pick to post on here, yours would be high on the list. The timing of your registration and post history are quite interesting too

#awooga #wallop

If true, I'm not sure outing him on the zone is a way to get further responses.

 

[fredheim_holm]

If true, I'm not sure outing him on the zone is a way to get further responses.

It’s just speculation, not inside knowledge, so shouldn’t stop awooga posting whoever they are.

 

[Tommy2holes]

It’s just speculation, not inside knowledge.

Could be true, could be coincidence but if it is true he may not post again, especially if he is bombarded with messages.

If it isn't it, could have some fun with said private messages.

 

[JAL]

If true, I'm not sure outing him on the zone is a way to get further responses.

Could be true, could be coincidence but if it is true he may not post again, especially if he is bombarded with messages.

If it isn't it, could have some fun with said private messages.

Its not that deep mate lol, they're not an undercover agent if it were them, it's a bit of fun on a forum.

 

[united we stand]

In regards to the old creditors that the club, wouldn't this have already been taken into consideration when agreeing the price for the club.

Surely it would be a case of if you won't pay them then it is coming off the asking price. If it was agreed that RM would pay them then it would just come out of the money he receives for the club.

This makes sense to me- but assumes that the list of creditors is accurate and complete.

 

[Ozzer]

This makes sense to me- but assumes that the list of creditors is accurate and complete.

Exactly. There could still be others coming out of the woodwork.

 

[bazzashrimper]

Well tomorrow is a big day. It seems that it’s not going to happen yet.

I “think” this means that the players can leave. The 3 or 4 names we know may stay, who knows? But the academy players… ?

The wages? This is players lives and maybe sets more free. But for the staff - another date and punch in the face.

Awooga / Kimura - please do what you can.

Ron - do what you should do.

And Ron - you said DD on the buyers. Kimura are still to be trusted. But if they are tho only realistic replacement for yourself. Then do the right thing. I do believe that if money was infinite, the problems we have wouldn’t be problems.