Takeover stories could be true.

[rangersroar]

Didn't Sullivan and Gold buy West Ham with about £100mil debt ?

[BennyBoyRs]

Is there a club in recent history which has been bought completely debt-free?

Doubtful.

[sw66]

This is not bull s11t. West ham were owned by one person so they could sell. The ownership is split at QPR even if Mittal only has 30% and Paladini 10%, the debt can not be transfered, its complicated but i am not a buisness lawyer so cant explain in the proper words.
Mittal cant veto a sale but he can have a big say on who comes in.
Gulf Air and Bernie have had a big tiff.

[wicksta]

Gulf Air and Bernie have had a big tiff.

Where have you heard this?

[Ginger Ninja]

This is not bull s11t. West ham were owned by one person so they could sell. The ownership is split at QPR even if Mittal only has 30% and Paladini 10%, the debt can not be transfered, its complicated but i am not a buisness lawyer so cant explain in the proper words.
Mittal cant veto a sale but he can have a big say on who comes in.
Gulf Air and Bernie have had a big tiff.

whos your source?

[Funge]

My business law understanding = might be pre emptive rights to shares ie mittals get right to first offer if bernie/flab sell, though they may have waived this, though of course if they don't want to pay the price they can sell to outsiders, mittals don't get veto unless thy agreed that they did in the shareholders agreement, but will be influential if they don't want to sell their interests, as In potential new buyers may find it attractive to join the mittals,or they may be put off if they can't have the whole amount without the mittals, could go either way! Another thing is, mortals can't be obliged to sell their shares if thy don't want to! Probably just stated the obvious but meh also realise mittal is one bloke!

[Macca69]

Just hold on guys we are nearly there!

The reason no money has been spent is because Benie and tango cant sell the club with debt.

Of course they can, the debt is just taken into account in the sale price.

[rangerforevereastcote]

Surely that is BS?

absolute bs, business's sold with debt everyday all built in to the deal
the reality is if we miss the transfer deadline we wont get sold as if we can be so adrift by xmas to late to invest and our value plummets right now is the highest price they will get so will need to be done BEFORE the deadline

[2touch]

This is not bull s11t. West ham were owned by one person so they could sell. The ownership is split at QPR even if Mittal only has 30% and Paladini 10%, the debt can not be transfered, its complicated but i am not a buisness lawyer so cant explain in the proper words.
Mittal cant veto a sale but he can have a big say on who comes in.
Gulf Air and Bernie have had a big tiff.

So you are saying that any company with any debt can't be sold if they owe money to someone, unless there is only 1 shareholder? That is just totally incorrect, sorry mate!

[maccatwo]

I would say club with debts is worth less than one with none this could be why they not buying