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Takeover
Posted: Mon Feb 17, 2025 6:08 pm
by Token
Re: Takeover
Posted: Mon Feb 17, 2025 6:12 pm
by PKM
Yes, Nige is selling out for big bucks $$$$$
That’s why he seriously backed up in the transfer window, knowing he could recoup his investment in a few months.
Nige has stated incoming investment is tied and goes hand in hand with new stadium plans.
Premiership in 5 years.
Re: Takeover
Posted: Mon Feb 17, 2025 6:13 pm
by gshaw
Here comes the big money for big ambitions

Re: Takeover
Posted: Mon Feb 17, 2025 6:15 pm
by PKM
My money is on Nige to do a better job than Bazza did wrt flogging it on.
Re: Takeover
Posted: Mon Feb 17, 2025 6:16 pm
by DelightInE10
can someone explain what period of exclusivity means? Does that mean that we have found investors and they are close to acquiring their stake in the club?
Re: Takeover
Posted: Mon Feb 17, 2025 6:19 pm
by Token
From the wording of it, it sounds like a done deal. But who is the group?
Re: Takeover
Posted: Mon Feb 17, 2025 6:20 pm
by BiggsyMalone
Interesting NT has called it ‘seeking investment’ and this is essentially a takeover. Its what is needed to take the club to the next level. I think he will stay involved at a minor level and stays on the board.
Hopefully this goes better than the last time the club were knocking on the door of the Championship… Things are about the get a lot more expensive for the fans.
Re: Takeover
Posted: Mon Feb 17, 2025 6:22 pm
by BiggsyMalone
DelightInE10 wrote: ↑Mon Feb 17, 2025 6:16 pm
can someone explain what period of exclusivity means? Does that mean that we have found investors and they are close to acquiring their stake in the club?
They’re close to a deal and have set aside a period of time to negotiate the full details without the club negotiating with other parties.
Re: Takeover
Posted: Mon Feb 17, 2025 6:22 pm
by PKM
DelightInE10 wrote: ↑Mon Feb 17, 2025 6:16 pm
can someone explain what period of exclusivity means? Does that mean that we have found investors and they are close to acquiring their stake in the club?
It means yes, we have found investors. We are satisfied they are serious and have the dosh.
Those investors now wish to do their own due diligence on the club safe in the knowledge that someone can’t sneak in and outbid them etc
Due diligence will include the finances of the club, the running of the club, checking there will be no efl hindrance, examining the new ground options, speaking with WF council on the options, speaking with any minority shareholders etc etc
Re: Takeover
Posted: Mon Feb 17, 2025 6:23 pm
by DaveDunmore
DelightInE10 wrote: ↑Mon Feb 17, 2025 6:16 pm
can someone explain what period of exclusivity means? Does that mean that we have found investors and they are close to acquiring their stake in the club?
An exclusivity period is a length of time (usually 30 to 60 days) during which a seller is prohibited from carrying out or furthering activities that relate to the sale of a firm with parties other than the prospective buyer with whom they have signed a letter of intent. The scope and duration of the exclusivity period varies (as per the decisions of the parties involved), but the specifications and regulations are written in each specific letter of intent.
Re: Takeover
Posted: Mon Feb 17, 2025 6:30 pm
by KingLes
I imagine Kent will go too ??? Maybe with other directors
Re: Takeover
Posted: Mon Feb 17, 2025 6:36 pm
by StillSpike
KingLes wrote: ↑Mon Feb 17, 2025 6:30 pm
I imagine Kent will go too ??? Maybe with other directors
"too" ??
Nothing in the statement indicates that either is "going".
Clearly Nigel & Co will need to do a better job (i.e. some due diligence for a start) that Bazza, and I trust that they will do.
Re: Takeover
Posted: Mon Feb 17, 2025 6:41 pm
by Hoover Attack
Kent has pretty much already gone.
This season is giving big 2013/14 vibes. Let’s hop for a happier ending all round.
Re: Takeover
Posted: Mon Feb 17, 2025 6:44 pm
by Orient Punxx
The Wife just told me she’s hocked up the holiday home in Camber Sands and she’s buying me a footy club.
Re: Takeover
Posted: Mon Feb 17, 2025 6:48 pm
by RedDwarf 1881
gshaw wrote: ↑Mon Feb 17, 2025 6:13 pm
Here comes the big money for big ambitions
Let’s hope so, and this time the big money comes with a brain behind it, unlike the previous regime.
Re: Takeover
Posted: Mon Feb 17, 2025 6:51 pm
by RedDwarf 1881
BiggsyMalone wrote: ↑Mon Feb 17, 2025 6:20 pm
Interesting NT has called it ‘seeking investment’ and this is essentially a takeover. Its what is needed to take the club to the next level. I think he will stay involved at a minor level and stays on the board.
Hopefully this goes better than the last time the club were knocking on the door of the Championship… Things are about the get a lot more expensive for the fans.
More expensive, yes, probably but look at the fantastic football we’re watching. if we want to go to the next level we has supporters have to expect to pay more. Personally speaking, I’m willing to pay more if it means we can get into the championship.
Re: Takeover
Posted: Mon Feb 17, 2025 6:59 pm
by Loyal_Supporter
It hurts if this is the end of the Nigel Travis and Kent Teague era but if it is, I cannot say thank you both enough times.
Re: Takeover
Posted: Mon Feb 17, 2025 7:15 pm
by RedDwarf 1881
Loyal_Supporter wrote: ↑Mon Feb 17, 2025 6:59 pm
It hurts if this is the end of the Nigel Travis and Kent Teague era but if it is, I cannot say thank you both enough times.
I am hoping I am praying that Nigel stays on the board. After what happened to us with the previous regime, I would only be confident if Nigel is still with us.
Re: Takeover
Posted: Mon Feb 17, 2025 7:21 pm
by Rich Tea Wellin
We’re all gonna get f*cked again arent we?
Re: Takeover
Posted: Mon Feb 17, 2025 7:22 pm
by Rich Tea Wellin
Seriously, I trust the current board not to sell us down the river and we are a good investment for lots of reasons. My guess would be American money but whoever it is please don’t make it be a bunch of people that makes me feel like I’m making an ethical decision every time I buy a ticket
Re: Takeover
Posted: Mon Feb 17, 2025 7:22 pm
by Scuba Diver
I imagine Nigel will be on-board still, and as others have opined Kent's role has diminished to a degree
Both, in my opinion, deserve some kind of lifetime recognition from the club for their time and achievements here. I hope that proves to be the case..
Re: Takeover
Posted: Mon Feb 17, 2025 7:24 pm
by OyinbO
Nigel will be staying as Chairman for a while longer, you can all calm down. Just like Matt Porter staying on as CEO under Beelzebub.
(that last bit was mischief btw, there's no indication that this new lot are as insane as FB)
Re: Takeover
Posted: Mon Feb 17, 2025 7:27 pm
by Loyal_Supporter
Rich Tea Wellin wrote: ↑Mon Feb 17, 2025 7:21 pm
We’re all gonna get f*cked again arent we?
No we are not. Nigel would NEVER let it go into the wrong hands. Remember, he is an O's fan and I believe he would NEVER let the club get into trouble while he is owner. He is a top man.
Re: Takeover
Posted: Mon Feb 17, 2025 7:32 pm
by HackneyO
Loyal_Supporter wrote: ↑Mon Feb 17, 2025 7:27 pm
Rich Tea Wellin wrote: ↑Mon Feb 17, 2025 7:21 pm
We’re all gonna get f*cked again arent we?
No we are not. Nigel would NEVER let it go into the wrong hands. Remember, he is an O's fan and I believe he would NEVER let the club get into trouble while he is owner. He is a top man.
There’s not much Nigel can do beyond due diligence up to the sale. No guarantees a new owner doesn’t turn into a new Balkan based waste management guru after a few failed attempts at getting promotion.
Re: Takeover
Posted: Mon Feb 17, 2025 7:34 pm
by Real Al
Scuba Diver wrote: ↑Mon Feb 17, 2025 7:22 pm
I imagine Nigel will be on-board still, and as others have opined Kent's role has diminished to a degree
Both, in my opinion, deserve some kind of lifetime recognition from the club for their time and achievements here. I hope that proves to be the case..
The T & T tea bar?