Leicester City For Sale (Ongoing Thread)

[st albans fox]

6 minutes ago, Tommy G said:

Agreed by Christmas is do-able, doesn't mean completion will happen before Christmas - I'd eat my hat. 

Yep

i think that means a deal agreed by Xmas 

 

if KP want a really quick completion then they’ll have to take a hit on the deal or agree a large amount being withheld until due diligence is able to be completed. 

[Tommy G]

55 minutes ago, st albans fox said:

Yep

i think that means a deal agreed by Xmas 

 

if KP want a really quick completion then they’ll have to take a hit on the deal or agree a large amount being withheld until due diligence is able to be completed. 

Trouble is the complexities around the conditions that satisfy the money being released can be really complicated and a legal minefield, the best they can hope for is some kind of earn out based on promotions in the future etc

[st albans fox]

5 minutes ago, Tommy G said:

Trouble is the complexities around the conditions that satisfy the money being released can be really complicated and a legal minefield, the best they can hope for is some kind of earn out based on promotions in the future etc

That’s true 

if they really need a quick completion because they need the funds then the buyer is in a strong position to markedly reduce the price to reflect the risk. 

they can’t have it both ways.