The sale of the club?

[fulwoodshrimp]

I am puzzled to keep reading that Diego Lemos is the owner and largest shareholder of our club. How is this so for I understand he paid PMG a deposit for the shares but has paid no more since and missed the deadlines for payment. How then is he the owner etc. ? Has there been more to the sale than we have been told?

[Christies Child]

I am puzzled to keep reading that Diego Lemos is the owner and largest shareholder of our club. How is this so for I understand he paid PMG a deposit for the shares but has paid no more since and missed the deadlines for payment. How then is he the owner etc. ? Has there been more to the sale than we have been told?

Exactly what a number of us are no doubt puzzled by.

[MfcChris]

I wonder how a legal team can kick the owner from a company without them agreeing to leave? Do they just set court dates and if you keep failing to attend they charge you as guilty.

What if Diego has been captured or died and no one knows

[Shrimpy]

I wonder how a legal team can kick the owner from a company without them agreeing to leave? Do they just set court dates and if you keep failing to attend they charge you as guilty.

What if Diego has been captured or died and no one knows

At a guess, if there were terms / clauses to the deal such as the money that PMG said was supposed to have been invested by now and Diego hasn't stuck to the agreed deal then the courts could rule the deal null and void?

[mrpotatohead]

If PMG wanted to tell you wether or not Diego had paid him,there would be nothing to stop him doing so.

[Wild Bill]

If PMG wanted to tell you wether or not Diego had paid him,there would be nothing to stop him doing so.

True but do you really need to be told? No way would he still be around or trying to get his shares back if he had been paid.

[KenH]

PMG is also in a worse position now if he converted his loans into shares as looks to have been the case. With the loan, it was secured, meaning preference and basically front of the queue, if the club went into administration, as it was secured against the club's assets. Share capital isn't secured nor preferred, so he's now at the back of the queue behind literally everyone else, inc staff wages, suppliers, other loans/overdrafts etc. Not a good move at all for him!

[mrpotatohead]

He has sold all his shares, even if he is owed part payment, they have changed hands, if we went into administration he would be a major creditor, and may actually be able to buy the assets for peanuts.

[KenH]

He has sold all his shares, even if he is owed part payment, they have changed hands, if we went into administration he would be a major creditor, and may actually be able to buy the assets for peanuts.

If he sold his shares to Diego, then the club owes him nothing and he isn't a major creditor of the club. It's Diego who owes him, not MFC. Anyone could buy the club for peanuts if it went into administration the administrators would sell to the highest bidder.

[fulwoodshrimp]

I understand PMG is owed most of the money for his shares receiving only a relatively modest deposit from Mr. Lemos- that is what I don't understand when Mr. Lemos is referred to as the majority shareholder and owner of the club! There must be more to this story than we are aware of?

[black morse]

I understand PMG is owed most of the money for his shares receiving only a relatively modest deposit from Mr. Lemos- that is what I don't understand when Mr. Lemos is referred to as the majority shareholder and owner of the club! There must be more to this story than we are aware of?

Probably!!!

[Keith]

Paul has got an old car sat on his drive that he wants rid of.
Danny comes to Paul and says he really needs a car, he'll give Paul £40 today and £40 a week for the next nine weeks.
Paul doubts if anyone else is going to come and give them £400 for the car, so Paul say 'yes' and signs the car over to Danny.
Danny buggers off in the car and Paul doesn't see him again.
Danny is now the legal owner of the car, Paul sold it to them.
They've not stolen it so police aren't involved.
The best Paul can hope for is to go to court and convince them to let him have the car back. But that could take months.

In the mean time, Paul has to hope Danny doesn't wreck the car, because then it will be worthless even if he gets it back. And Danny hasn't shown any signs of looking after it so far.

Now, Danny has the car and the paperwork to prove it.
Paul has a long battle to get his car or his cash, but his argument is with Danny, not the car itself or the people who put the last set of tyres on it or anyone Danny carries in it as a passenger.

In the mean time, if anyone else puts petrol in the car, Danny may promise to do the school run for them, but in reality, Danny can use it as he wants. If he then doesn't do the school run, instead drives his mates to Newcastle for a weekend away, they just lose the fuel money too. So who's going to put fuel in the car while Danny still owns it?

Obviously, this has nothing to do with anything in the real world. After all, who'd sell a car in that manner, with no guarantees? Good plot for an East Enders episode, especially if someone ends up being called a slag by Danny Dyer... ...did you know Danny's related to royalty? He probably used that to convince Paul to sell him the car on the never-never.

https://www.theguardian.com/tv-and-radi ... nk-you-are

[Keith]

Paul has got an old car sat on his drive that he wants rid of.
Danny comes to Paul and says he really needs a car, he'll give Paul £40 today and £40 a week for the next nine weeks.
Paul doubts if anyone else is going to come and give them £400 for the car, so Paul say 'yes' and signs the car over to Danny.
Danny buggers off in the car and Paul doesn't see him again.
Danny is now the legal owner of the car, Paul sold it to them.
They've not stolen it so police aren't involved.
The best Paul can hope for is to go to court and convince them to let him have the car back. But that could take months.

In the mean time, Paul has to hope Danny doesn't wreck the car, because then it will be worthless even if he gets it back. And Danny hasn't shown any signs of looking after it so far.

Now, Danny has the car and the paperwork to prove it.
Paul has a long battle to get his car or his cash, but his argument is with Danny, not the car itself or the people who put the last set of tyres on it or anyone Danny carries in it as a passenger.

In the mean time, if anyone else puts petrol in the car, Danny may promise to do the school run for them, but in reality, Danny can use it as he wants. If he then doesn't do the school run, instead drives his mates to Newcastle for a weekend away, they just lose the fuel money too. So who's going to put fuel in the car while Danny still owns it?

Obviously, this has nothing to do with anything in the real world. After all, who'd sell a car in that manner, with no guarantees? Good plot for an East Enders episode, especially if someone ends up being called a slag by Danny Dyer... ...did you know Danny's related to royalty? He probably used that to convince Paul to sell him the car on the never-never.

https://www.theguardian.com/tv-and-radi ... nk-you-are

oops, sorry... obviously that should have been marked 'off topic'...

[mrpotatohead]

This is possibly similar to how the sale of the club is, but not for sure, interestingly PMG has never stated that he has NOT, been paid, every man and his dog has been told by a trusted insider that he hasn't , but.....

[Christies Child]

Let's assume that Lord Diego Lucan HAS paid some money for PMcG's shares with the balance promised....(when.. )

If as a result he is the owner of the club but refuses to honour his comitments as detailed in the T&C Contract of his purchase, does he effectively have control of the club and could (heaven forbid ) run up a string of outstanding debts, of which the club is liable or is it Diego's for repayment.

I just worry tha Diego and his North East connections are running up debts of items (ie Hotels bills in the name of the club) for their own use with no intention of paying leaving our club in even greater financial poo....

[mrpotatohead]

Lets all NOT assume anything that anyone alludes to anymore as ot takes us nowhere, I personally am biting my lip when I read some ''opinions'' on here, and as I have said before, I do not think all this mess is down to Diego Lemos on his own, I am beginning to wonder if the bloke that appeared to be Diego was an actor hired by either ''shady north eastern'' , or ''north western'' , schemers, and the bigger picture is something none of us will ever be party to.

[black morse]

They might even make a film about it one day.

[Christies Child]

They might even make a film about it one day.

With MrP playing the role of 'the mystic' no doubt....

[mrpotatohead]

If it was a film remake it could be Animal farm, JIm would be the faithful horse, the existing board would be the pigs, diego the glue factory owner, and you CC, would be Benjamin the old donkey.

[Gone_Shrimping]

If it was a film remake it could be Animal farm, JIm would be the faithful horse, the existing board would be the pigs, diego the glue factory owner, and you CC, would be Benjamin the old donkey.

Who would be Napoleon ?

[mrpotatohead]

PMG, Snowball would be presumably Diego,

[outsider]

Non of them people were in "The animal farm " I've seen?

[mrpotatohead]

Easy Tiger!

[Seasider9601]

I am puzzled to keep reading that Diego Lemos is the owner and largest shareholder of our club. How is this so for I understand he paid PMG a deposit for the shares but has paid no more since and missed the deadlines for payment. How then is he the owner etc. ? Has there been more to the sale than we have been told?

A very, very interesting read from the Football League Paper reproduced on the Blackpool forum:

http://www.backhenrystreet.co.uk/thread ... GvK6J576M8

Interesting, but worrying.....

[Christies Child]

I am puzzled to keep reading that Diego Lemos is the owner and largest shareholder of our club. How is this so for I understand he paid PMG a deposit for the shares but has paid no more since and missed the deadlines for payment. How then is he the owner etc. ? Has there been more to the sale than we have been told?

A very, very interesting read from the Football League Paper reproduced on the Blackpool forum:

http://www.backhenrystreet.co.uk/thread ... GvK6J576M8

Interesting, but worrying.....

I'm confident that everything will come into the public domain in the fullness of time.

It wouldn't surprise me if it came to light that Lord Diego Lucan and a North East connection (s) has been [edited-Keith].