DIC have pulled out

[Dhav]

Yes you are right, we shouldn't conduct our business in public and I understand how the club works but you can also understand why fans are concerned about these sudden developments when the club have spent the past month selling the DIC bid to us.

It looks like DIC came in with a lower offer than they had originally offered and are trying to low ball the shareholders after getting the fans on their side.

As for conducting due diligence in 3 days, that doesn't impress me it concerns me.

And me.

I'm no expert, but even I know a basic audit of a company takes longer than that.

I don't trust Gillett.

3 day due dilligence is preposterous. Even doing it for 72 hours non-stop is no where near enough.

At work We've just gone through it on a £200m property portfolio sale and it took us something like 2 months, and that was with a ridiculously tight deadline.

[dizzycat]

Am i write in thinking that bacically Gillet has offered about £20m extra for the shares (I think the DIC takeover was for £176m). If so, assuming that DIC are as awash with cash as we're led to believe, then there is more to this than meets the eye. Could be a bit of brinkmanship on all sides perhaps.

[kemm1]

Is anyone really surprised that these English 'old money' amatuer idiots managed to fcuk this up?

[kopdan]

why have they ****ed up?

DIC pulled out on their own accord ffs

[Dhav]

Am i write in thinking that bacically Gillet has offered about £20m extra for the shares (I think the DIC takeover was for £176m). If so, assuming that DIC are as awash with cash as we're led to believe, then there is more to this than meets the eye. Could be a bit of brinkmanship on all sides perhaps.

I'm convinced DIC have pulled out for good. Their statement today does not read like that of a party that is still interested.

If they are so quick to pull out though it makes me think they were never as committed to this deal or want it as badly as Gillette does.

Still not convinced by him though

[Red Chilli]

Is anyone really surprised that these English 'old money' amatuer idiots managed to fcuk this up?

FLMAO. Is this a wind up?

[Guest]

why have they ****ed up?

DIC pulled out on their own accord ffs

Bluffs and counter bluffs ... It's business law ... I can't see the club going with Gillett now, as it smacks of desperate measures.

Who knows anyway.

[Dhav]

why have they ****ed up?

DIC pulled out on their own accord ffs

DIC's bid was on the table. If it was the right deal to take the club to the next level as Parry has been saying they should have accepted on the spot. That's how they ****ed it up.

[kopdan]

could it just be a simple

Gillette is a better deal than DIC?

no...shock...horror

[kopdan]

DIC's bid was on the table. If it was the right deal to take the club to the next level as Parry has been saying they should have accepted on the spot. That's how they ****ed it up.

by the sound of it, THEY did accept. The BOARD didnt

[anfieldanfield]

One thing, throughout this entire mess, is clear as daylight.

This Gillet lad is obviously DESPERATE to take control of the club.

It seemed we were merely days, if not hours, away from finalising a deal with DIC and Gillet suddenly pops up with a hugely increased bid for club, smashing DIC out the park and forcing the club to reconsider.

He skimmed through the all the paperwork/new stadium/shareholder rubble etc in THREE ****ING DAYS.

You have to admire his bullish, ridiculously direct approach.

He wants control of this club BADLY. Fair play to him.

[Red Chilli]

could it just be a simple

Gillette is a better deal than DIC?

no...shock...horror

How could it kopdan? These English old money idiots would never make the right decision.

[Dhav]

could it just be a simple

Gillette is a better deal than DIC?

no...shock...horror

But in what way? Financially for the shareholders? i hope this is not their only motivation

[Red Chilli]

How long did Roman take over due dilligence? About 2 seconds?

[johhrazor]

I think this is the worst thing to happen. the board are greedy ****ers and dont want the best for the club just want money