24-07-2020, 12:51 PM
No-one can pull out, even if monies owed to all parties were still to be transferred to close any holding account and therefore financially complete the deal at each end, the legal fact of the matter is that again, as of now, as of how far along this is, it’s a done deal.
It’s a done deal because the buyer’s money has been paid (as per whatever any agreements exist between the two etc.) into an account, and that money is locked in now.
Again the buyer can’t just withdraw that money and the seller can’t just return it or not accept it.
Not unless both mutually agree to terminate everything and both sides would have to do that, one or the other cannot just pull out, they would face legal proceedings which for example if Ashley decided to withdraw, could see him lose the business full stop and even pay them the actual agreed price to get out of it. Likewise the seller could end up having to pay up the full agreed price as compensation and end up with nothing.
Of course no-one knows the stipulations and clauses in any detail which could see both seller or buyer allowed to break off from the deal mutually or forego a security deposit etc.
If this was a none football club business, however, even without the transfer of funds at the end of all parties, it would to all intents and purposes be a done deal.
Legally as a business it’s a done deal, even without the transfer of funds which of course would follow and conclude everything officially and leave nothing to be withdrawn, rejected, opposes or contested.
Right now, it can’t be concluded officially as a legal football club entity as well as a legal business entity, funds transferred or not, until the PL approve the takeover in compliance with their own TOS that legally grants the business it’s status to operate as a football club in the PL’s competition.
If they don’t approve the takeover, legally, as business, they will still own NUFC or can’t be stopped owning the club as a business and can still apply to register to operate as a football club or retain their status as a football club with the FA and EFL, which legally they can’t be denied or can be revoked. And if I’m correct in thinking, membership as such grants all football clubs who are members with the right to participate in any competition the FA/FL grant licence to operate under them which the PL must comply with in order to run their own competition as long as member clubs also comply. As such any Football Association member club can enter any competition/win promotion if they adhere to the TOS of those competitions which is based solely on sporting, spectator, stadium, safety, policing, stewarding and the ability to financially support putting out a team to fulfil all fixture requirements in general for all of the FA/FL licenced competitions.
In short there are so many legal ways around things and as a business, legally as things stand, this is a done deal, only because this is also a football club requiring additional approval to also operate as a football club in the competition ran by the PL, legally, it’s not a done deal on that side.
It would take an unprecedented ruling by the PL to deny NUFC’s legal status as a PL club and in ways that 100% couldn’t be contested and overruled which would also legally challenge the status of NUFC operating as registered and recognised business entity which again, right now, Ashley no longer owns because he’s sold it as a business and now it rests with the PL as to whether they will also legally own a PL football club.
Every challenge, opposition, red flag, raised question mark, ethical, moral, financial, individually as persons involved, criteria, the PL has to go over with a fine tooth comb, and no matter what, they will eventually have no legal or sporting, financial or business basis in which to deny NUFC’s PL status as per their own TOS, unless they rewrite them and force every PL club to satisfy and risk losing their licence to run their competition under the FA who grants any football club great and small, professional or amateur, in the entire football pyramid, providing they adhere to their TOS, the right and status to enter/participate in every one of their competitions or any they licence to.
I personally think the checks have been done, funds have or are being transferred to all parties involved and the only thing delaying any official announcement is to allow the PL to focus on restarting the season first and when that’s done every party involved will have had enough time to work on their own individual PR pieces and can also release media Q&As that they can all answer in unison in terms of any questions about privacy, dead widows letters, amnesty international, human rights issues and so on.
The PL want this as much as we do, they want their money, they want another contender and an extra European super club to relegate rivals from Spain and Italy, they want an injection of big spending in the transfer market and want above all else, for them and anyone else to come and buy their product and no-one elses.
I recommend everyone ignores any scare mongering or hyperbole in the press who no f*** all, be patient, relax and be confident that legally as a business, this is at the stage now where it’s a done deal, where legally as a football club, there is no other conclusion, and that’s what will soon be confirmed.
And we will only find out when the official site says say, in black and white.
Any issues of human rights will not be entertained at all by the PL who if they even dared to raise such issues would end up violating their own TOS. They have no business speculating or moralising on such issues as they have zero to do with anything. All the protests in the world by Amnesty Internationally and letters from a dead widow wouldn’t influence the PL one way or another and if it did, they’d be challenged so hard legally on any grounds they’d end up having every one of their approved takeovers scrutinised.
Such complaints will reach them, but ultimately they will end up in the bin and only ever responded to out of courtesy which will result in a simple diplomatic, non commital, non confrontational generic type response and that’s because it’s not down to the PL to be judge and jury over such issues, only the issues of ownership in terms of if the funds are legitimate, if the people have no criminal record or links and if legally, they can prove and show that they tick every box or criteria set out in the PL’s TOS and they do and with distinction.
Nah issues of piracy has to be looked into and cross checked and rightfully so, but whatever the WTO or others claim, proving any illegal criminal activity or breach of TOS is neither something they have any authority over (legally) nor they have the right to delve into deeper to undercover. It’s more a criminal matter than a sporting matter or even a member of a board matter. Again NUFC will be bought first and foremost as a legally registered and recognised business entity and that’s what they or anyone will be buying and can not operate PL approval or not without.
Nothing will or can prevent this and because of the stage where they are at right now, legally they pretty much have bought NUFC and if any funds are still to be transferred to rubber stamp this officially it’s because legally they are seeking approval top also operate as a football club entity which they just need one final check for such status."
It’s a done deal because the buyer’s money has been paid (as per whatever any agreements exist between the two etc.) into an account, and that money is locked in now.
Again the buyer can’t just withdraw that money and the seller can’t just return it or not accept it.
Not unless both mutually agree to terminate everything and both sides would have to do that, one or the other cannot just pull out, they would face legal proceedings which for example if Ashley decided to withdraw, could see him lose the business full stop and even pay them the actual agreed price to get out of it. Likewise the seller could end up having to pay up the full agreed price as compensation and end up with nothing.
Of course no-one knows the stipulations and clauses in any detail which could see both seller or buyer allowed to break off from the deal mutually or forego a security deposit etc.
If this was a none football club business, however, even without the transfer of funds at the end of all parties, it would to all intents and purposes be a done deal.
Legally as a business it’s a done deal, even without the transfer of funds which of course would follow and conclude everything officially and leave nothing to be withdrawn, rejected, opposes or contested.
Right now, it can’t be concluded officially as a legal football club entity as well as a legal business entity, funds transferred or not, until the PL approve the takeover in compliance with their own TOS that legally grants the business it’s status to operate as a football club in the PL’s competition.
If they don’t approve the takeover, legally, as business, they will still own NUFC or can’t be stopped owning the club as a business and can still apply to register to operate as a football club or retain their status as a football club with the FA and EFL, which legally they can’t be denied or can be revoked. And if I’m correct in thinking, membership as such grants all football clubs who are members with the right to participate in any competition the FA/FL grant licence to operate under them which the PL must comply with in order to run their own competition as long as member clubs also comply. As such any Football Association member club can enter any competition/win promotion if they adhere to the TOS of those competitions which is based solely on sporting, spectator, stadium, safety, policing, stewarding and the ability to financially support putting out a team to fulfil all fixture requirements in general for all of the FA/FL licenced competitions.
In short there are so many legal ways around things and as a business, legally as things stand, this is a done deal, only because this is also a football club requiring additional approval to also operate as a football club in the competition ran by the PL, legally, it’s not a done deal on that side.
It would take an unprecedented ruling by the PL to deny NUFC’s legal status as a PL club and in ways that 100% couldn’t be contested and overruled which would also legally challenge the status of NUFC operating as registered and recognised business entity which again, right now, Ashley no longer owns because he’s sold it as a business and now it rests with the PL as to whether they will also legally own a PL football club.
Every challenge, opposition, red flag, raised question mark, ethical, moral, financial, individually as persons involved, criteria, the PL has to go over with a fine tooth comb, and no matter what, they will eventually have no legal or sporting, financial or business basis in which to deny NUFC’s PL status as per their own TOS, unless they rewrite them and force every PL club to satisfy and risk losing their licence to run their competition under the FA who grants any football club great and small, professional or amateur, in the entire football pyramid, providing they adhere to their TOS, the right and status to enter/participate in every one of their competitions or any they licence to.
I personally think the checks have been done, funds have or are being transferred to all parties involved and the only thing delaying any official announcement is to allow the PL to focus on restarting the season first and when that’s done every party involved will have had enough time to work on their own individual PR pieces and can also release media Q&As that they can all answer in unison in terms of any questions about privacy, dead widows letters, amnesty international, human rights issues and so on.
The PL want this as much as we do, they want their money, they want another contender and an extra European super club to relegate rivals from Spain and Italy, they want an injection of big spending in the transfer market and want above all else, for them and anyone else to come and buy their product and no-one elses.
I recommend everyone ignores any scare mongering or hyperbole in the press who no f*** all, be patient, relax and be confident that legally as a business, this is at the stage now where it’s a done deal, where legally as a football club, there is no other conclusion, and that’s what will soon be confirmed.
And we will only find out when the official site says say, in black and white.
Any issues of human rights will not be entertained at all by the PL who if they even dared to raise such issues would end up violating their own TOS. They have no business speculating or moralising on such issues as they have zero to do with anything. All the protests in the world by Amnesty Internationally and letters from a dead widow wouldn’t influence the PL one way or another and if it did, they’d be challenged so hard legally on any grounds they’d end up having every one of their approved takeovers scrutinised.
Such complaints will reach them, but ultimately they will end up in the bin and only ever responded to out of courtesy which will result in a simple diplomatic, non commital, non confrontational generic type response and that’s because it’s not down to the PL to be judge and jury over such issues, only the issues of ownership in terms of if the funds are legitimate, if the people have no criminal record or links and if legally, they can prove and show that they tick every box or criteria set out in the PL’s TOS and they do and with distinction.
Nah issues of piracy has to be looked into and cross checked and rightfully so, but whatever the WTO or others claim, proving any illegal criminal activity or breach of TOS is neither something they have any authority over (legally) nor they have the right to delve into deeper to undercover. It’s more a criminal matter than a sporting matter or even a member of a board matter. Again NUFC will be bought first and foremost as a legally registered and recognised business entity and that’s what they or anyone will be buying and can not operate PL approval or not without.
Nothing will or can prevent this and because of the stage where they are at right now, legally they pretty much have bought NUFC and if any funds are still to be transferred to rubber stamp this officially it’s because legally they are seeking approval top also operate as a football club entity which they just need one final check for such status."