January transfer window 2024

[pfim]

An LOI is not legally binding. No seller is going to agree to a deal which is contingent on the buyer finding funding. They would actually generally insists on certainty of funding I.e. signed facility from banks or commitment letter and equity commitment letters.

So they have the funding in place? Doesn’t seem like they do given the requests to turn debt to equity and other media reports.

 

[Kevsleftpeg]

So they have the funding in place? Doesn’t seem like they do given the requests to turn debt to equity and other media reports.

I have no idea but I would it very odd if Moshiri is effectively giving them an option to buy the club at a pre-agreed price. Having a funding condition is a massive get out of jail free card in a takeover scenario. He is desperate though so anything is possible.

 

[PeregrineT]

The binding agreement in your scenario is the "deal."

If you buy a house you sign a contract, contingent on meeting criteria (funding, inspections, etc).

If I no longer want to buy the house, I forfeit my deposit and that is the penalty for doing so.

When you sign a LOI to buy a company, it is contingent as well (funding is the largest).

If 777 can't close the deal for whatever reason, there are likely contingencies (or penalties) around that.

On the club's side, there are likely provisions as well in terms of good faith provisions so they can't kill the deal if the get a better offer etc.

Those all likely have time limits.

But the deal is not complete, you can't force 777 to buy something they can't or no longer wish to.

Buying a club or large company is not the same as buying a house, and I would suggest you are making large assumptions about the ease with which buyers can exit a signed contract that are rarely seen in reality. There are NOT likely contingencies if 777 cant close the deal for WHATEVER reason, there are likely just a couple of contingencies for very specific and unexpected reasons. House purchases are a good entry level analogy, but the corporate world and its lawyers do not operate like mom and pop.

 

[Neiler]

 

[Neiler]

 

[Zatara]

We were linked to another player from Linfield yesterday. Their left winger, similar age.

 

[Toffeepot]

We were linked to another player from Linfield yesterday. Their left winger, similar age.

Sign em all up Zat

 

[mikel_88]

We were linked to another player from Linfield yesterday. Their left winger, similar age.

Could be worth getting the pair in if the money is right.

 

[Zatara]

Could be worth getting the pair in if the money is right.

Cant remember his name but they said LW player. Brighton and another side want him but surely if we signed his teammate its better to join us.

 

[Zatara]

Heres the 2nd linfield player linked

Aodhan Doherty - Player profile 23/24

Aodhan Doherty, 17, from Northern Ireland ➤ Linfield FC, since 2023 ➤ Attack ➤ Market value: - ➤ * May 3, 2006 in ,

www.transfermarkt.com

 

[formerly manx toffee]

Bringing two helps settling I guess. Surprised it wasn’t a keeper

 

[samsonthedog1]

£20 Million!

 

[formerly manx toffee]

£20 Million!

Keith Azul is plugging this

 

[The Binman]

£20 Million!

I'd be staggered if this happened, or we get anything like 20p for him.

Seems to have lost his way

 

[matty1878]

how can we sign anyone lads

we have no money

the clubs ownership is in the air