| Takeover 08:24 - Sep 24 with 3263 views | MattFinish |
Looks like Kat Leibherr could veto the DaGrosa takeover. Personally I hope she does
DaGrosa's takeover depends on massive loans so we'd be in the same position as we are now. The other problem is Yanks see sports clubs as a purely money making concern. We'll be bled dry just as much if not more than we are now |  | | |  |
| Takeover on 08:27 - Sep 24 with 3251 views | TripleNiemi |
Do you have something against 'kisscams' and 't-shirt bazookas' pal? |  |
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| Takeover on 10:22 - Sep 24 with 3138 views | arfurdent |
| Takeover on 08:27 - Sep 24 by TripleNiemi |
Do you have something against 'kisscams' and 't-shirt bazookas' pal? |
bazookas should always cum in pairs |  |
| So Long and Thanks for all the Fish |
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| Takeover on 10:39 - Sep 24 with 3102 views | Boris_ |
Not sure she can veto it unless it's in their Shareholders Agreement. |  |
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| Takeover on 10:47 - Sep 24 with 3088 views | JaySaint |
would she be blocking for her own reasons or for the greater good?
I suspect the former |  |
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| Takeover on 10:59 - Sep 24 with 3066 views | TripleNiemi |
| Takeover on 10:47 - Sep 24 by JaySaint |
would she be blocking for her own reasons or for the greater good?
I suspect the former |
Will have to disagree here; whilst she wanted to sell and possibly remove herself from the club and its operations, i still think she has a lot of time and loyalty for Saints fc. I for one would prefer her in total control over the current majority shareholder. I think she still deserves respect for sticking with the club when she could have bailed out straight away.
Cue the abuse..... | |
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| Takeover on 11:02 - Sep 24 with 3060 views | JaySaint |
| Takeover on 10:59 - Sep 24 by TripleNiemi |
Will have to disagree here; whilst she wanted to sell and possibly remove herself from the club and its operations, i still think she has a lot of time and loyalty for Saints fc. I for one would prefer her in total control over the current majority shareholder. I think she still deserves respect for sticking with the club when she could have bailed out straight away.
Cue the abuse..... |
then how come she sold to Gao, if she has a lot of time and loyalty? She effectively bailed on us, whilst keeping an income with her stake. | |
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| Takeover on 11:10 - Sep 24 with 3040 views | TripleNiemi |
| Takeover on 11:02 - Sep 24 by JaySaint |
then how come she sold to Gao, if she has a lot of time and loyalty? She effectively bailed on us, whilst keeping an income with her stake. |
I am not saying she has got everything right, i personally think she was hoodwinked and that either she, or her advisors were done over like a kipper. That, yes, is partly her responsibility. | |
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| Takeover on 11:15 - Sep 24 with 3025 views | JaySaint |
| Takeover on 11:10 - Sep 24 by TripleNiemi |
I am not saying she has got everything right, i personally think she was hoodwinked and that either she, or her advisors were done over like a kipper. That, yes, is partly her responsibility. |
hoodwinked? The rules around ownership had to change because of his takeover. Sorry, don't buy she was hoodwinked | |
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| Takeover on 11:26 - Sep 24 with 2996 views | arfurdent |
all about money as most of the PL is | |
| So Long and Thanks for all the Fish |
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| Takeover on 12:02 - Sep 24 with 2956 views | Gennaro_Contaldo |
| Takeover on 10:39 - Sep 24 by Boris_ |
Not sure she can veto it unless it's in their Shareholders Agreement. |
She will definitely have a 'power of veto' in her 20% shareholding, there's no way she would sell 80% and keep a stake without agreeing to that. |  |
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| Takeover on 13:08 - Sep 24 with 2841 views | Saintsforeverj |
| Takeover on 12:02 - Sep 24 by Gennaro_Contaldo |
She will definitely have a 'power of veto' in her 20% shareholding, there's no way she would sell 80% and keep a stake without agreeing to that. |
I can't see that any buyer would want to buy 80 per cent. Who would want to buy a new club, but not own all of it? Kat will be a barrier to any takeover, as no doubt she would want to be bought out and a new owner probably won't want her there interfering. A new owner would have to buy out Gao and Kat. Or buy out Gao and have to work with Kat. | |
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| Takeover on 15:32 - Sep 24 with 2729 views | kentsouthampton |
| Takeover on 11:10 - Sep 24 by TripleNiemi |
I am not saying she has got everything right, i personally think she was hoodwinked and that either she, or her advisors were done over like a kipper. That, yes, is partly her responsibility. |
Would you like to buy some magic beans? she had to quickly raise cash to pay off death dues,Gao was a means to an end. |  | | |
| Takeover on 15:33 - Sep 24 with 2724 views | kentsouthampton |
| Takeover on 12:02 - Sep 24 by Gennaro_Contaldo |
She will definitely have a 'power of veto' in her 20% shareholding, there's no way she would sell 80% and keep a stake without agreeing to that. |
Hardly, 80% outvotes 20. | | | |
| Takeover on 17:40 - Sep 24 with 2588 views | TripleNiemi |
| Takeover on 15:32 - Sep 24 by kentsouthampton |
Would you like to buy some magic beans? she had to quickly raise cash to pay off death dues,Gao was a means to an end. |
Source? | |
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| Takeover on 17:43 - Sep 24 with 2581 views | Gennaro_Contaldo |
Learn some corporate law before trying to criticise my statement.
Here is one example of the "power to veto" for a non-majority shareholder.
https://gannons.co.uk/sharehol
[Post edited 24 Sep 2020 17:48]
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| Takeover on 19:23 - Sep 24 with 2453 views | kentsouthampton |
| Takeover on 17:43 - Sep 24 by Gennaro_Contaldo |
Learn some corporate law before trying to criticise my statement.
Here is one example of the "power to veto" for a non-majority shareholder.
https://gannons.co.uk/sharehol
[Post edited 24 Sep 2020 17:48]
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Yep, she can block a meeting a short notice, wow. [Post edited 24 Sep 2020 22:50]
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| Takeover on 20:59 - Sep 24 with 2358 views | TripleNiemi |
Ok so the German authorities were investigating whether there were monies owed following the death / estate of Marcus. Cannot read anywhere where it says she had to get shot of Saints FC quick. You and the Times may well be right, then again could be pure boĺlox | |
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| Takeover on 21:33 - Sep 24 with 2312 views | Butty101 |
| Takeover on 19:23 - Sep 24 by kentsouthampton |
Yep, she can block a meeting a short notice, wow. [Post edited 24 Sep 2020 22:50]
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I always take financial advice from a guy that digs worms for a living.... |  |
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| Takeover on 22:05 - Sep 24 with 2281 views | Gennaro_Contaldo |
| Takeover on 19:23 - Sep 24 by kentsouthampton |
Yep, she can block a meeting a short notice, wow. [Post edited 24 Sep 2020 22:50]
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What are you on about? | |
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| Takeover on 22:50 - Sep 24 with 2230 views | kentsouthampton |
From your own link
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| Takeover on 23:18 - Sep 24 with 2189 views | Gennaro_Contaldo |
They are just the BASIC rights!! i.e. that is the standard rights for all minority shareholding with no amendments.
"Minority shareholders can with changes to the articles or shareholders agreement be given powers of veto"
WITH CHANGES TO THE ARTICLES.
There is no way, the former 100% owner selling an 80% stake would not have this amended. Stop trying to be smart, you're just annoying me (genuinely) now. | |
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| Takeover on 23:29 - Sep 24 with 2182 views | DorsetIan |
| Takeover on 23:18 - Sep 24 by Gennaro_Contaldo |
They are just the BASIC rights!! i.e. that is the standard rights for all minority shareholding with no amendments.
"Minority shareholders can with changes to the articles or shareholders agreement be given powers of veto"
WITH CHANGES TO THE ARTICLES.
There is no way, the former 100% owner selling an 80% stake would not have this amended. Stop trying to be smart, you're just annoying me (genuinely) now. |
She may not have an absolute veto but you’re right it’s very unlikely that there would be a ‘drag along’ clause obliging her to follow whatever Gao wants to do.
My guess is something between the two e.g. a right to object on certain limited grounds, but that could be as simple as a provision guaranteeing her a minimum price if Gao wants to sell for a song.
Bottom line is we don’t know but there’s no reason to assume that just because Gao has 80%,
Kat has no power in this situation. | |
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| Takeover on 08:50 - Sep 25 with 2027 views | Boris_ |
| Takeover on 12:02 - Sep 24 by Gennaro_Contaldo |
She will definitely have a 'power of veto' in her 20% shareholding, there's no way she would sell 80% and keep a stake without agreeing to that. |
Tend to agree. Not sure why she would keep 20% without insisting on approval of any future sale and/or having first refusal to buy back.
She would need 25%+ to have more rights just from the shareholding but I'd be almost certain there's a shareholders agreement in place. | |
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| Takeover on 12:11 - Jan 6 with 467 views | david1996 |
| Takeover on 17:43 - Sep 24 by Gennaro_Contaldo |
Learn some corporate law before trying to criticise my statement.
Here is one example of the "power to veto" for a non-majority shareholder.
https://gannons.co.uk/sharehol
[Post edited 24 Sep 2020 17:48]
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