Our system detected that your browser is blocking advertisements on our site. Please help support Fans Focus by disabling any kind of ad blocker while browsing this site. Thank you.
Jump to content

Question about DD

DA11

By DA11
in Ebbsfleet United Forum

 Share

Recommended Posts

DA11 Newbie

DA11

Posted
Posted

How much are the legal fees to go through DD? I am confused after reading through the bollox posts on myfc they are talking about voting for the club after this has happened. Surely once the legal bit is completed they won't pull out, so why have they told the deciples members that they will be voting.

Link to comment
Share on other sites
Uncle Urchin Newbie

Uncle Urchin

Posted
Posted
Originally Posted By: DA11
How much are the legal fees to go through DD? I am confused after reading through the bollox posts on myfc they are talking about voting for the club after this has happened. Surely once the legal bit is completed they won't pull out, so why have they told the deciples members that they will be voting.


the DD on a footie club would take 2 weeks at most....corner shop stuff..

due dilligence of FL however would also include the worth of future redevelopments if of course there are any planned... (PC community stuff per se = fast track planning approval) which would mean answers from local authorities.....

the wheels of local government grind slowly... grin

here's a question for wanchai willie.....is fcmyfc buying all subsidiaries as well as EUFCL...?

don't rush... grin
Link to comment
Share on other sites
doheochai Newbie

doheochai

Posted
Posted
Originally Posted By: DA11
How much are the legal fees to go through DD?

A lot

Originally Posted By: DA11
Surely once the legal bit is completed they won't pull out, so why have they told the members that they will be voting.

Any thing can happen - and if the memebrs decide against purchasing EUFC then the deal will not go through.
Link to comment
Share on other sites
DA11 Newbie

DA11

Posted
  • Author
Posted
Originally Posted By: doheochai
Originally Posted By: DA11
How much are the legal fees to go through DD?

A lot

Originally Posted By: DA11
Surely once the legal bit is completed they won't pull out, so why have they told the members that they will be voting.

Any thing can happen - and if the memebrs decide against purchasing EUFC then the deal will not go through.


Even you must know that wont happen don't you?
Link to comment
Share on other sites
doheochai Newbie

doheochai

Posted
Posted
Originally Posted By: Harry J Allstars
I have no idea, I also don't know who is paying for it.

The legal fees for DD will come out of the money raised from MyFC membership fees i.e. the money available for the purchase of the club.

Originally Posted By: Harry J Allstars
It's an interesting one though, I believe no vote was taken on should they spend the money on DD, perhaps Will is paying?

The terms and conditions of MyFC actually outline that no vote was necessary to purchase a club. By signing up to membership, each member accepted that the entire process of purchasing the club, including spending on legal fees, could be conducted without a vote. This was because it was felt that some clubs would not agree to having the purchase put to a public vote of the membership of MyFC in case the vote rejected the purchase. The circumstances related to the possible takeover of EUFC, allowed for a vote of MyFC members to take place and this was accepted by the board of EUFC.
Link to comment
Share on other sites
chris blanc Newbie

chris blanc

Posted
Posted
Originally Posted By: Harry J Allstars
Originally Posted By: chris blanc
Originally Posted By: Harry J Allstars
I'm not sure what "EUFCL" is but MyFC will not be buying Fleet Leisure, they're not in the market to buy a pub, just a football team.


Doesn't it come as a package?



Nope!


So who owns it then? And if it's the money pit that people are saying it is, who's gonna pay off it's debts?
Link to comment
Share on other sites
DA11 Newbie

DA11

Posted
  • Author
Posted
Originally Posted By: doheochai
Originally Posted By: Harry J Allstars
I have no idea, I also don't know who is paying for it.

The legal fees for DD will come out of the money raised from MyFC membership fees i.e. the money available for the purchase of the club.

Originally Posted By: Harry J Allstars
It's an interesting one though, I believe no vote was taken on should they spend the money on DD, perhaps Will is paying?

The terms and conditions of MyFC actually outline that no vote was necessary to purchase a club. By signing up to membership, each member accepted that the entire process of purchasing the club, including spending on legal fees, could be conducted without a vote. This was because it was felt that some clubs would not agree to having the purchase put to a public vote of the membership of MyFC in case the vote rejected the purchase. The circumstances related to the possible takeover of EUFC, allowed for a vote of MyFC members to take place and this was accepted by the board of EUFC.


But once Will has all the legal stuff sorted why the need to vote?
Link to comment
Share on other sites
doheochai Newbie

doheochai

Posted
Posted
Originally Posted By: chris blanc
Originally Posted By: Harry J Allstars
I'm not sure what "EUFCL" is but MyFC will not be buying Fleet Leisure, they're not in the market to buy a pub, just a football team.


Doesn't it come as a package?


This one we don't know - despite what Harry is saying (unless he has some insider knowledge that I and everyone else doesn't have). The DD report will indicate what is and is not included and how much it will cost.
Link to comment
Share on other sites
Harry J Allstars Newbie

Harry J Allstars

Posted
Posted
Originally Posted By: chris blanc
Originally Posted By: Harry J Allstars
Originally Posted By: chris blanc
Originally Posted By: Harry J Allstars
I'm not sure what "EUFCL" is but MyFC will not be buying Fleet Leisure, they're not in the market to buy a pub, just a football team.


Doesn't it come as a package?



Nope!


So who owns it then? And if it's the money pit that people are saying it is, who's gonna pay off it's debts?


I don't really understand who owns it. I read on here earlier that the Council co-own it, or something like that, someone will correct me.

If a vote was taken about should we, MyFC, purchase FL then I would vote no. That place is never going to be in profit.
Link to comment
Share on other sites
chris blanc Newbie

chris blanc

Posted
Posted
Originally Posted By: Harry J Allstars
Originally Posted By: chris blanc
Originally Posted By: Harry J Allstars
Originally Posted By: chris blanc
I'm not sure what "EUFCL" is but MyFC will not be buying Fleet Leisure, they're not in the market to buy a pub, just a football team.


Doesn't it come as a package?



Nope!


So who owns it then? And if it's the money pit that people are saying it is, who's gonna pay off it's debts?


I don't really understand who owns it. I read on here earlier that the Council co-own it, or something like that, someone will correct me.

If a vote was taken about should we, MyFC, purchase FL then I would vote no. That place is never going to be in profit.


Unless the place is knocked down and developed on
Link to comment
Share on other sites
American FLEET FAN No1 Newbie

American FLEET FAN No1

Posted
Posted
Originally Posted By: DA11
Originally Posted By: doheochai
Originally Posted By: Harry J Allstars
I have no idea, I also don't know who is paying for it.

The legal fees for DD will come out of the money raised from MyFC membership fees i.e. the money available for the purchase of the club.

Originally Posted By: Harry J Allstars
It's an interesting one though, I believe no vote was taken on should they spend the money on DD, perhaps Will is paying?

The terms and conditions of MyFC actually outline that no vote was necessary to purchase a club. By signing up to membership, each member accepted that the entire process of purchasing the club, including spending on legal fees, could be conducted without a vote. This was because it was felt that some clubs would not agree to having the purchase put to a public vote of the membership of MyFC in case the vote rejected the purchase. The circumstances related to the possible takeover of EUFC, allowed for a vote of MyFC members to take place and this was accepted by the board of EUFC.


But once Will has all the legal stuff sorted why the need to vote?



Sorry.......Are we all missing something here?????????????
Wasn't one of their selling points...You will all decide which club to buy?
Another..........You will all get to pick your team?????

Another......You will get to chose the tactics????


Go back and check.......Hanoi Hannah has said in several posts.......This may not happen..........This is most unlikely to happen .........This will not happen!

Seek and you shall find...............That does not come from the MYfc Bible!
Link to comment
Share on other sites
DA11 Newbie

DA11

Posted
  • Author
Posted
Originally Posted By: doheochai
Originally Posted By: DA11

But once Will has all the legal stuff sorted why the need to vote?

Because the entire basis of MyFC is that the membership make the decisions - and the first fundemental decision is whether the club should be purchased or not. A vote will be taken.


But according to the poll EUFC are top of the wish list which means everyone would vote yes anyway. However looking at some of the feedback from Wills comments if he says jump most of the members would ask how high. It's a done deal no matter what the outcome of the vote.
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...