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1
Always makes me laugh whenever anything like this happens...



:lol: This!  What a cringey read it is at times.
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probably already posted but its the firm chris mort works for doing the legals for staveley.

This is interesting.
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Staveley wants a relegation clause. Substantial amount refunded should we go down. This all sound ridiculous now.

Like buying a house not paying for a thorough survey finding your roof is f***ed then claiming you want half your money back, get real.

You buy something in the knowledge it is a club that has just been promoted and there is a risk, fund the f***ing thing! Are we now going to end up with the female equivalent of Ashley?

It's nothing like buying house. If you need a new roof your income doesn't suddenly get cut significantly.

God bless you, Greg.
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Staveley wants a relegation clause. Substantial amount refunded should we go down. This all sound ridiculous now.

Like buying a house not paying for a thorough survey finding your roof is f***ed then claiming you want half your money back, get real.

You buy something in the knowledge it is a club that has just been promoted and there is a risk, fund the f***ing thing! Are we now going to end up with the female equivalent of Ashley?

If we're relegated because of dodgy tax dealings, she'd obviously have a few complaints about that.

Sky are reporting it nothing to do with hmrc and dodgy stuff.

About Rafa and the playing squad needing to reach targets.
She better get her hands in her mates pockets then. Bacause the poor b****** needs about 5 players in January to guarantee no relegation. Factor in losing Key players to injury and suspension,our cover isnt the best.

Yeah, sky have all of the details. They're speculating as much as we are man!

Weather they are or not, if true a relegation clause on a club not a player is a bit of a stretch to far. I wouldnt go for a deal like that. You just dont know its a stab in the dark.

Original reports made all this sound like they were purchasing something they want to improve and turn around and challenge.

No we hear about relegation clauses.

Bit of a f***ing joke.

Lets just see what happens, they are probably just trying to cover all bases. 
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Staveley wants a relegation clause. Substantial amount refunded should we go down. This all sound ridiculous now.

Like buying a house not paying for a thorough survey finding your roof is f***ed then claiming you want half your money back, get real.

You buy something in the knowledge it is a club that has just been promoted and there is a risk, fund the f***ing thing! Are we now going to end up with the female equivalent of Ashley?

It's nothing like buying house. If you need a new roof your income doesn't suddenly get cut significantly.
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:lol: Do you want to calm down a bit? Christ.
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Staveley wants a relegation clause. Substantial amount refunded should we go down. This all sound ridiculous now.

Like buying a house not paying for a thorough survey finding your roof is f***ed then claiming you want half your money back, get real.

You buy something in the knowledge it is a club that has just been promoted and there is a risk, fund the f***ing thing! Are we now going to end up with the female equivalent of Ashley?

If we're relegated because of dodgy tax dealings, she'd obviously have a few complaints about that.

Sky are reporting it nothing to do with hmrc and dodgy stuff.

About Rafa and the playing squad needing to reach targets.
She better get her hands in her mates pockets then. Bacause the poor b****** needs about 5 players in January to guarantee no relegation. Factor in losing Key players to injury and suspension,our cover isnt the best.

Yeah, sky have all of the details. They're speculating as much as we are man!

Weather they are or not, if true a relegation clause on a club not a player is a bit of a stretch to far. I wouldnt go for a deal like that. You just dont know its a stab in the dark.

Original reports made all this sound like they were purchasing something they want to improve and turn around and challenge.

No we hear about relegation clauses.

Bit of a f***ing joke.
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http://www.skysports.com/football/news/11678/11136824/relegation-a-sticking-point-in-newcastle-takeover-bid



And craig hope is tweeting he understands there has been no exclusivity entered.

Most interesting thing in that article is that Freshfields are acting for PCP - they acted for Ashley when he bought the club and Chris Mort is still a partner there.
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probably already posted but its the firm chris mort works for doing the legals for staveley.
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It's probably not worth getting too wound up about the finer details now. There'll be all manner of manuvering going on from both sides. I'm guessing any relegation clause is being used primarily as a stick in case Ashley drags his feet, this goes on well into the January transfer window and PCP can't invest in the playing squad. I'd expect there'll be a second bid without any sort of clause that's offered on the proviso it's done by the New Year.

Always makes me laugh whenever anything like this happens...



Some of us have spent literally minutes reading up on football finance and takeovers I'll have you know.
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