> David > I think your mate is talking bollox. Anybody who buys something as > significant as LUFC have serious lawyers and accountants that crawl all > over the potential acquisition in a due diligence process (I have been > through a few of these). The questions of ownership, what exactly is being > bought, what other requirements or contracts there are to run the place are > all exactly what these professionals are looking for. > > If you are a really dumb buyer with more money than sense, then yes, the > issues below may be a problem. But normally, rich people don't get rich by > being dumb, and certainly not by taking entities over where they don't > understand what they are buying and the contractual links that are > required. > > These people make calculated risks based on copious amounts of information > and guidance provided by experienced professionals. That is not to say > sometimes things turn to shit, but there is (almost) always a serious load > of work that is done upfront to avoid that. > Cheers > Alec > > On 17 January 2012 20:45, David Brennan <[email protected]> wrote: > >> I was speaking to a mate of mine about ownership of Leeds, and the >> potential for someone buying Bates out, and he sent me the following reply. >> >> "Dream on about a buy-out. No body will touch us, simply because they >> don`t know what they are buying. If they buy the club, players etc, and >> then find out that Bates actually owns the ground that wasn`t offered in >> the sale, and they still have to deal with the twat all over again...then >> they buy the ground separate and then check the smallprint and find out >> that KB still owns a box or a hotel room(as he did/does at Chelski ) and >> through it controls any further development or change. Chelsea cannot close >> that hotel at their ground despite it losing money, without buying KB`s >> room, and ol` KB wants a fortune for it!" >> >> Is this true what he says about Bates and the hotel and Chelsea? If it >> is, is Bates attempting to stitch us up in exactly the same way? More >> grounds to despise the bloke if true. >> >> DRB >> >> _______________________________________________ >> Leedslist mailing list >> Info and options: >> http://mailman.greennet.org.uk/mailman/listinfo/leedslist >> To unsubscribe, email [email protected] >> >> PETE CASS (1962 - 2011) Rest In Peace Mate >> > > > > -- > Alec McQueen > 0418 328967 >
-- Alec McQueen 0418 328967 _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] PETE CASS (1962 - 2011) Rest In Peace Mate
