Forum | New Yanks and Financial Due Diligence by Nookiejack

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New Yanks and Financial Due Diligence 15:25 - Apr 10 with 2024 views

For New Yanks to have made their bid - wouldn't they have undertaken Financial Due Diligence.

The thing is if Trust, Martin Morgan and say Brian Katzen did not know anything about this - who would have had voting control - then did Financial Director release confidential internal financial information - without Board/Shareholder approval?

Would then this lead to all sorts of legal actions between Shareholder Group who didn't know about this takeover bid Until yesterday - against those that want to sell and who on the face of it have released financial information without consent to the new Yanks?

Are new Yanks holding confidential information about the club - without consent and should therefore return it immediately?

New Yanks and Financial Due Diligence on 16:05 - Apr 10 with 1964 views

felixstowe_jack

Not sure the takeover talks has even got that far. Would have to be discussed by the board before that sort of imformation would be released. It would make no sense to accept any offer before the 40 points total was released.
Individual shareholders are free to sell their shareholdings at any time though except for certain periods when accounts are due.

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New Yanks and Financial Due Diligence on 16:15 - Apr 10 with 1942 views

Nookiejack

New Yanks and Financial Due Diligence on 16:05 - Apr 10 by felixstowe_jack
Not sure the takeover talks has even got that far. Would have to be discussed by the board before that sort of imformation would be released. It would make no sense to accept any offer before the 40 points total was released. Individual shareholders are free to sell their shareholdings at any time though except for certain periods when accounts are due.

Fair enough - how did they arrive at the £100m though?

I can remember a few months ago - when we were seemingly running into enormous cashflow problems with £60m+ of short term Creditors.

So strange how they were yesterday valuing club at £100m without internal information.

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