scottd Posted July 30, 2012 Report Share Posted July 30, 2012 Hmm.... I don't doubt that the consortium would want to safeguard the club, but I'm a bit puzzled as to how they would arrange this. It seems a bit far-fetched to hope that some kind of clause could be incorporated into any sale. That would be a bit like me selling my house to you with a clause built in that if I didn't like who you invited to the house-warming party, I could step in and buy it back off you. I'm not convinced that you'd be signing up to that one, somehow. These clauses are not unusual in business transactions. Some form of agreement can be incorporated which would allow legal redress should dark deeds be afoot (e.g. we end up Govan bound). Quote Link to comment Share on other sites More sharing options...
Guest somner9 Posted July 30, 2012 Report Share Posted July 30, 2012 Is this the "Mystery Bidder"??? http://www.quora.com/Who-is-the-unnamed-god-in-American-Gods-%28by-Neil-Gaiman%29 Quote Link to comment Share on other sites More sharing options...
Drew Posted July 30, 2012 Report Share Posted July 30, 2012 These clauses are not unusual in business transactions. Some form of agreement can be incorporated which would allow legal redress should dark deeds be afoot (e.g. we end up Govan bound). I suppose that's reassuring, but who decides what constitutes 'dark deeds' and how? Quote Link to comment Share on other sites More sharing options...
scottd Posted July 30, 2012 Report Share Posted July 30, 2012 I suppose that's reassuring, but who decides what constitutes 'dark deeds' and how? Lawyers I'd imagine would decide these matters rather than the parties themselves. I'd be disappointed if the consortium didn't insert clauses allowing for legal redress should the new owner(s) attempt to change our identity. Obviously if a fan buyout comes to pass then that would not be needed but should be there if we are sold to a single owner. Quote Link to comment Share on other sites More sharing options...
Stuart Dickson Posted July 30, 2012 Report Share Posted July 30, 2012 Yeah but Scott none of that addresses the fact that they would have to retain cash to buy the club back and I seriously cannot see that happening. Do you think Mrs Purves would be happy to lay out the cash yet again to buy the club back? Quote Link to comment Share on other sites More sharing options...
scottd Posted July 30, 2012 Report Share Posted July 30, 2012 Yeah but Scott none of that addresses the fact that they would have to retain cash to buy the club back and I seriously cannot see that happening. Do you think Mrs Purves would be happy to lay out the cash yet again to buy the club back? I agree but it is possible they could insert a clause to prevent any relocation of the club by challenging it in court at which point it would be up to the lawyers to sort it out. A few years ago this sort of idea wouldn't have entered anyone's head but after all this Newco caper anything is possible. Quote Link to comment Share on other sites More sharing options...
buddieup Posted July 30, 2012 Report Share Posted July 30, 2012 If we get player drafts, a cross-league kit deal with Adidas, an equal split of revenues, endzones, touchdowns, beer, donuts and razzamatazz... Count me in. Go Saints Franchise! USA! USA! I can't wait to embrace the ferocity of the Paisley Pythons soccerball team. Mobile hot dog sellers, cheerleaders (more Rockettes than the Morton Chlamydia Crew) and a brass band, all happening at the McDonalds Arena. Go Pythons! Quote Link to comment Share on other sites More sharing options...
Drew Posted July 30, 2012 Report Share Posted July 30, 2012 (edited) I agree but it is possible they could insert a clause to prevent any relocation of the club by challenging it in court at which point it would be up to the lawyers to sort it out. A few years ago this sort of idea wouldn't have entered anyone's head but after all this Newco caper anything is possible. It's a strange one, in some respects. It seems ot me that there are a couple of possible scenarios. As this guy is reported to be an ex-pat, 'football person' (whatever that means....), there is a chance that he is known to the consortium. If that is the case, then you'd have to assume that his credentials are known and accepted in terms of his appropriateness to buy the club. If so, then why would any clause be incorporated into the deal? Another possibility is that this bidder is not known to anyone in the consortium. If this is the case, then are they comfortable to be considering selling to him given what is alleged to have been in the background when the McGeoch bid was on the table (or in the offing)? They have given a commitment now to sell the club to any party unless they are confident that said party has the best interest of the club at heart. So....we either have a bidder who is familiar to the consortium, and that begs the question as to why any cluase would have to be in place, or the bidder is an unknown quantity, in which case, we might have some cause to be anxious. Edit for typos Edited July 30, 2012 by Drew Quote Link to comment Share on other sites More sharing options...
belfast billy Posted July 30, 2012 Report Share Posted July 30, 2012 They have given a commitment now to sell the club to any party unless they are confident that said party has the best interest of the club at heart. where have we heard that before Quote Link to comment Share on other sites More sharing options...
dave.j Posted July 31, 2012 Report Share Posted July 31, 2012 Richard Atkinson at the 10000 hours meeting: Make no mistake, the club will be under different ownership come the start of the season. Quote Link to comment Share on other sites More sharing options...
aldo_j Posted July 31, 2012 Report Share Posted July 31, 2012 Richard Atkinson at the 10000 hours meeting: Make no mistake, the club will be under different ownership come the start of the season. Was thinking that myself recently. 4 days until we find out who the owner is....finally! Quote Link to comment Share on other sites More sharing options...
Guest somner9 Posted July 31, 2012 Report Share Posted July 31, 2012 Was thinking that myself recently. 4 days until we find out who the owner is....finally! Does that rule out another late rallying call by 10000 hours? Or is it more likely yet another date that will come and go without major announcement? Quote Link to comment Share on other sites More sharing options...
billyg Posted July 31, 2012 Report Share Posted July 31, 2012 Does that rule out another late rallying call by 10000 hours? I would think so ! Quote Link to comment Share on other sites More sharing options...
elvis Posted July 31, 2012 Report Share Posted July 31, 2012 Does that rule out another late rallying call by 10000 hours? Or is it more likely yet another date that will come and go without major announcement? Off course it is. Quote Link to comment Share on other sites More sharing options...
Guest somner9 Posted July 31, 2012 Report Share Posted July 31, 2012 I would think so ! Off course it is. Well between us I think we've covered most eventualities? Now does this Unnamed american drink in the Tile, like an upturned barstool and answer to the name of Yul??? (Yul!!!! might be what we would all scream if sat on said upturned barstool) Quote Link to comment Share on other sites More sharing options...
St. Sid Posted July 31, 2012 Report Share Posted July 31, 2012 Was thinking that myself recently. 4 days until we find out who the owner is....finally! Yes, REA cannae even meet his own target dates never mind predict when somebody else will buy the club. Quote Link to comment Share on other sites More sharing options...
aldo_j Posted July 31, 2012 Report Share Posted July 31, 2012 Yes, REA cannae even meet his own target dates never mind predict when somebody else will buy the club. Wasn't a dig at REA to be honest. A lot has changed since that statement was made so the expectations of the consortium will have changed. Quote Link to comment Share on other sites More sharing options...
Griff Posted August 1, 2012 Report Share Posted August 1, 2012 So is it looking likely that this American based bid will be successful ? Has Div managed to find out anything that about potential new owners that he is able to share with us ? What we know so far is that an offer of £1.5 million has been made for a %52share in St Mirren and that this payment is made in three anual instalments. That the person interested is Scottish and has an interest in football. Anyone have any more info on this bid for the club ? Quote Link to comment Share on other sites More sharing options...
reborn saint Posted August 1, 2012 Report Share Posted August 1, 2012 So is it looking likely that this American based bid will be successful ? Has Div managed to find out anything that about potential new owners that he is able to share with us ? What we know so far is that an offer of £1.5 million has been made for a %52share in St Mirren and that this payment is made in three anual instalments. That the person interested is Scottish and has an interest in football. Anyone have any more info on this bid for the club ? Just going back....He is not from Renfrewshire (Div) ..which is good as he might have some money and Davidg who says we will have a familiar face on board if it goes through. Two men we can trust...Think they know more than us so we can but wait. Quote Link to comment Share on other sites More sharing options...
Griff Posted August 1, 2012 Report Share Posted August 1, 2012 Both tips , sound good so far ,would be good to hear Div or David opinons of whether this takeover would be good for Saints ,would alsonbe good to get a few more hints as to who the new prosepctive owners might be ,could the club be saving the announcement until saturday ? Quote Link to comment Share on other sites More sharing options...
reborn saint Posted August 1, 2012 Report Share Posted August 1, 2012 Both tips , sound good so far ,would be good to hear Div or David opinons of whether this takeover would be good for Saints ,would alsonbe good to get a few more hints as to who the new prosepctive owners might be ,could the club be saving the announcement until saturday ? Over to Div and Davidg.....the only 2 in the know....Any more fish for the seals?? Quote Link to comment Share on other sites More sharing options...
well st bud Posted August 2, 2012 Report Share Posted August 2, 2012 its no craig ferguson is it?? can sonny no give us more clues? Quote Link to comment Share on other sites More sharing options...
St. Sid Posted August 2, 2012 Report Share Posted August 2, 2012 MoJo Quote Link to comment Share on other sites More sharing options...
Wilbur Posted August 2, 2012 Report Share Posted August 2, 2012 An uninformed stab in the dark ................... Steve Nicol. I think he still lives in the USA and lost his manager job some time last year, maybe looking for a new toy to play with. Quote Link to comment Share on other sites More sharing options...
saintnextlifetime Posted August 2, 2012 Report Share Posted August 2, 2012 An uninformed stab in the dark ................... Steve Nicol . I think he still lives in the USA and lost his manager job some time last year, maybe looking for a new toy to play with. Interesting. . . .the give away would be , if , we can find out if he shops in Wallmart. . Quote Link to comment Share on other sites More sharing options...
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