todays club statement? NEW STATEMENT RE TAKEOVER

[Rieger]

You ahve a hovercraft???

[jras72]

It's all become clear to me:

1) Sale is on. Verge of completion.
2) Flav and Bernie dont want to invest any more in club- Doing bare minimum to survive.
3) New Owners will invest in January to ensure survival
4) Sponsor linked to takeover. Therefore cant reveal yet.

[Gtleighsr3]

Its the Armani code

[Topcat]

My take on it, is 10 years have past so no legal hoops to go through, so now any deal does not need approval. Interesting quote on statement .."Company confirms that it is no longer in an offer period" which means to me its now SOLD or not For Sale.

[easyR]

I reckon they are trying to make out they are in discussions, even though there are none. Looking to get the Mittals back to the table with a better offer.

[nobby]

The statement released in Saturday could also be linked to this with regards to Taarabt remaining at the club. The club is a far more attractive proposition to a potential buyer IF the most saleable asset remains with the club, or Taarabt staying put could have been at the insistence of the potential buyers as part of any sale agreement. Whatever, I feel that with the statement an actual deal is more imminent than we may well think as they did not have to make any statement whatsoever since it is now ten years since we de-listed from the AIM.

[Gtleighsr3]

Dont let GP say how much the dealis for FFS

[stainrod10]

New Owners will invest in January to ensure survival

Why wait?

Could be all over by January.

[nuffieldranger]

All sounds a bit strange to me !!!

[jras72]

Why wait?

Could be all over by January.

Because they cant invest in the club until they own it which might not before the window closes.

[Minty]

It basically says:

******************************************

We started takeover discussions with a third party on March 4th 2011, and had those discussions ended with a deal, then the deal would be subject to the 'Mergers and acquisitions' rules, EVEN IF the deal had gone through after the ten year period had expired (April 2nd 2011).

Those discussions broke down , but we are now in discussion with a different party, and any deal arising from this will not be subject to the 'Mergers and Acquisitions' rules, as they started after Aprill 2nd 2011 (outside of the ten year period).

******************************************

To me, it seems strange to bring this up for the purpose of the fans. Surely an internal matter, between the club, the new potential investor(s) and the powers that be.

Sooooo, Minty is reading between the lines and I reckon it could be that Mittal stepped back from discussions due to this potential 'issue', only to step up again after this April 2nd date, thus getting around this law.

Does that make sense?

I can't remember when Amit resigned, but maybe this is all part of the grand plan??? But it does say a 'different party'. I don't know!!

I need a lie down.

[pauldrayton]

It was definitely NOT the Mittals who were in discussions back in March. Bhatia at the time said they weren't interested in selling their shares.

So the 'new party' could still be the Mittals, or it could be somebody completely different.

See link:

http://www.guardian.co.uk/football/2011/mar/04/qpr-talks-sale-amit-bhatia

[pauldrayton]

From 4th March, which tell you a bit more about the 'code':

QPR Holdings Limited

In response to recent press speculation relating the potential sale of a 67% shareholding in QPR Holdings Limited (the 'Company'), the Company confirms that it has entered into preliminary discussions, which may or may not result in an offer being made. It is emphasised that these talks are at an early stage, and that there is no certainty that an offer for the Company will be forthcoming.

Enquiries:

Ian Taylor - QPR Press, PR ∓ Publications Manager

iant@qpr.co.uk

020 8740 2541


In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the Company confirms that it has in issue 3,099,493,700 ordinary shares of 1p each.

This announcement will be available on the Company's website (www.qpr.co.uk) by no later than 4pm (London time) on 4 March 2011.

Disclosure requirements of the City Code on Takeovers and Mergers (the "Code")

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any paper offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any paper offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a paper offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any paper offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a paper offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129.

[Minty]

It was definitely NOT the Mittals who were in discussions back in March. Bhatia at the time said they weren't interested in selling their shares.
So the 'new party' could still be the Mittals, or it could be somebody completely different.

See link:

http://www.guardian.co.uk/football/2...le-amit-bhatia

Red Herring, maybe?

[sw66]

going to send a twitter request to Ian to see if he can put it into logical words for some of us to understand