redrobo wrote:I suspect that a consortium made up of Sarbjot and his financial backers will be in the process of submitting the necessary papers early this week. It's then up to the EFL to decide on whether they fit the criteria or not.
To be honest I've now come to the conclusion that ANY consortium would be better than what we've had to endure over the last 5 years or so.
I think we have to give the potential new owners time to see and hear what their plans are for OUR club going forward. Surely it can't be any worse than the Bond Group can it...
And let's not forget it was Sarbjot who bailed us out when we couldn't pay the wages some time ago.
Still can't understand what they hope to gain out of the purchase but someone posted about the rise of interest in football in India, so it may be a case of raising their business profile in their mother country....
Billy bodger wrote:How hard is it to prove to the EFL that you have funds and can commit to future funding?
The First test is objective they have to prove they are not subject to any disqualifying events.
Secondly they must submit Future Financial Information to show how they will operate over the period ahead.
Lastly they must submit the ultimate Source and Sufficiency of Funding which underpins the bid and its future operations.
The questions from that have papers been submitted, how in-depth they are and how long does the scrutiny take?
Anyone any idea’s?
Billy bodger wrote:Well that didn’t last long he was only appointed in Nov 2023! A disagreement or just found it was not for him, whatever was going on?
redrobo wrote:Billy bodger wrote:Well that didn’t last long he was only appointed in Nov 2023! A disagreement or just found it was not for him, whatever was going on?
IF paperwork is now with the EFL let's hope that they are aware of this latest development concerning Sarb Capital.
Maybe one of its major financial backers has seen the light of day regarding the young owner....and is not prepared now to back him....which could prove disastrous for Jason and his excessive demands for our club.
black morse wrote:I see the Football Governance Bill will go ahead under the new government but will be far too late to affect our sale unless the EFL turn down the supposed application from the proposed new owners and Jason refuses to sell to anyone else. At least it may help clubs in the future.
redrobo wrote:Billy bodger wrote:Well that didn’t last long he was only appointed in Nov 2023! A disagreement or just found it was not for him, whatever was going on?
IF paperwork is now with the EFL let's hope that they are aware of this latest development concerning Sarb Capital.
Maybe one of its major financial backers has seen the light of day regarding the young owner....and is not prepared now to back him....which could prove disastrous for Jason and his excessive demands for our club.
Hodgie1978 wrote:Latest
Born again Bill wrote:Should be able to hold the EFL to account if this turns out to be another farce which I fear it may do
black morse wrote:Born again Bill wrote:Should be able to hold the EFL to account if this turns out to be another farce which I fear it may do
Born again Bill wrote:black morse wrote:Born again Bill wrote:Should be able to hold the EFL to account if this turns out to be another farce which I fear it may do
Not sure what the EFL can do about it. This is why an independent regulator with powers is required.
So if there is nothing they can do about it why are they even bothering with the fit and proper test . Maybe if they were held accountable they would do the test correctly !
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