[Droitwich Baggie]

there was tv camera outside ground by astle gates at 1.30pm  ?

It was BBC reporting about James McClean turning away during the nation anthem.

[smethwickw]

I hope it all falls through what do you think

No way. It would be a step into the unknown but we need investment if we are to stay competitive in this league. If JP stays we will go down within 3 years IMO as we will struggle to compete with the majority of teams.

[BAGGIE5]

Nixon has just said.. Its all signed off, not sure why its not announced. But like everyone else wouldn't say who it is.

[RedHead_Baggie]

As said above, there are non-disclosure agreement that mean all involved parties cannot say anything until the process has finished.

We were told to wait until the end of the month for an announcement so there's 10 days left to wait it out.

They said they hoped to make an announcement by the end of the month its not set in stone that there will be one.

[Droitwich Baggie]

Nixon has just said.. Its all signed off, not sure why its not announced. But like everyone else wouldn't say who it is.

Who is Nixon?

[RedHead_Baggie]

Who is Nixon?

A reporter for one of the national newspapers, not sure which one.

He seems to know a fair bit compared to the local journos.

[halifax_baggie]

Just a thought - perhaps the new owners want to make the announcement together with big signings so that they get maximum publicity and a feel good factor

[tambag]

Here's hoping your right

[WBArgo]

Without sounding pedantic when the club said the takeover should be done "By the end of July", did they mean literally that it would be announced on the 31st or as in a few days before possibly?

[KnaveofAlbion]

Without sounding pedantic when the club said the takeover should be done "By the end of July", did they mean literally that it would be announced on the 31st or as in a few days before possibly?

I would assume (given that i obviously don't know for certain) that the handover is done from our side, but the FA need to do their stuff. So the end of July stuff was just an educated guess from the Albion staff.

I'd be very surprised if this is having any hold up on incoming players or any inpact on nearly anything if honest. I think once it goes through it'll be all academic really, unless of course the person/company wants to put money in (upto FFP limits)

[baggiejohn]

Without sounding pedantic when the club said the takeover should be done "By the end of July", did they mean literally that it would be announced on the 31st or as in a few days before possibly?

I imagine it's the legal side that's holding up the announcement. (If you've ever moved house, you'll know solicitors are not renowned for their speed). Also JP will want to ensure that he gets paid, & I can't imagine it's an easy task to get circa £150,000,000 out of China (If it is indeed Chinese prospective owners).
As I understood it, they were saying that the formalities should be complete by end of July, it could be before, it might be after, in any event, I would imagine that the new owners are part of the decision making process in modifying the playing squad.

[PsalmXXIII]

I'm assuming here but I'm guessing that the club won't be sold if the new owner fails the fit and proper owners test by the FA? I'd hope due diligence would remove that as a risk, but with a lot of talk of 'handing over to the right person' what's the possibility the sale could happen but we get left in limbo?

[AshD]

I'm assuming here but I'm guessing that the club won't be sold if the new owner fails the fit and proper owners test by the FA? I'd hope due diligence would remove that as a risk, but with a lot of talk of 'handing over to the right person' what's the possibility the sale could happen but we get left in limbo?

Has anyone actually ever failed this? Seeing some of the chancers who have passed, I wonder how difficult it is to actually pass!

[slugga1]

Has anyone actually ever failed this? Seeing some of the chancers who have passed, I wonder how difficult it is to actually pass!

Only one manager ( if I  remember reading correctly)  and he had already been at that particular club and dropped them in the poop.

If you have enough cash and you haven't atleast been caught money laundering (yet)  or have no serious convictions the clubs yours basically.

[Xpresso]

JP is probably somewhere in a darkened room at this very moment counting his money before he signs off the deal. It will take a week or two to count £150 million.

You would have thought that given his supposed love for the club a profit of £100 million would be more than enough to see him through his retirement  and he could give us back £50 million to put into the transfer kitty. Now that really would be a gesture of goodwill.

If nothing else, it would compensate the fans for all the agonies he's put us through during the various transfer windows down the years.

[WBAinDEVON]

JP is probably somewhere in a darkened room at this very moment counting his money before he signs off the deal. It will take a week or two to count £150 million.

You would have thought that given his supposed love for the club a profit of £100 million would be more than enough to see him through his retirement  and he could give us back £50 million to put into the transfer kitty. Now that really would be a gesture of goodwill.

If nothing else, it would compensate the fans for all the agonies he's put us through during the various transfer windows down the years.

The King is in his counting house counting all his money, god knows what the queen is doing

[tuamigos]

I imagine it's the legal side that's holding up the announcement. (If you've ever moved house, you'll know solicitors are not renowned for their speed). Also JP will want to ensure that he gets paid, & I can't imagine it's an easy task to get circa £150,000,000 out of China (If it is indeed Chinese prospective owners).
As I understood it, they were saying that the formalities should be complete by end of July, it could be before, it might be after, in any event, I would imagine that the new owners are part of the decision making process in modifying the playing squad.

So you mean he's holding onto the keys until the money hits his account? 

[BAGGIES4LIFE]

JP will have to pay Capital gains tax of 27% on a large slice of the £150 million I guess,  so I would not put it past JP to be arranging some whizzy tax avoidance scheme if possible, something which could also delay the completion process. The chances are we will never get to know.

[Droitwich Baggie]

JP will have to pay Capital gains tax of 27% on a large slice of the £150 million I guess,  so I would not put it past JP to be arranging some whizzy tax avoidance scheme if possible, something which could also delay the completion process. The chances are we will never get to know.

He won't be able to use "offshore" allowances under new laws, but I can Imagine he would leave a sizeable amount in which ever country the new owners' come from, for "future" needs. (That is if their taxes are lower).

[PsalmXXIII]

Has anyone actually ever failed this? Seeing some of the chancers who have passed, I wonder how difficult it is to actually pass!

Didn't Cellini at Leeds fail it? Then Pass it. Then fail it again.

[leeiswba]

JP is probably somewhere in a darkened room at this very moment counting his money before he signs off the deal. It will take a week or two to count £150 million.

You would have thought that given his supposed love for the club a profit of £100 million would be more than enough to see him through his retirement  and he could give us back £50 million to put into the transfer kitty. Now that really would be a gesture of goodwill.

If nothing else, it would compensate the fans for all the agonies he's put us through during the various transfer windows down the years.

The succesful seasons do this for me.

[BobTaylor]

The succesful seasons do this for me.

Very good point, Someone on here I forget who and apologize for that said along the lines of we all think we need major changes when in fact those changes needed are minimal if at all.

[BB74]

Has anyone actually ever failed this? Seeing some of the chancers who have passed, I wonder how difficult it is to actually pass!

Didn't one of the Porstmouth owners pass the test and it ended up that the person did not even exist?

Ali Al Faraj

[RogerBadoo]

JP will get entreprenurial relief on the sale which is at 10% tax so I reckon he'll be ok!

[overseas baggie]

JP will get entreprenurial relief on the sale which is at 10% tax so I reckon he'll be ok!

Only covers the first £10m of gains