I always assumed the mysterious interim board were just muppets with messages from a ‘higher source’……there’s only one Captain on the bridge, the rest are just taking orders.

muppets or puppets or a combination of both.

If you can stick your arm up their stern tube they’re puppets.
If you can stick their head up someones stern tube they’re muppets.

Raj seems to want to keep all of his options open, including talking to new parties. I'm a bit surprised that we haven't got to a preferred bidder situation so that they can safely throw a lot of resources at due diligence.

We clearly are at an advanced due diligence stage. Raj’s statement was a mess of contradictions.
I predict his final statement when he leaves with a bag full of cash will be an all time great.

Pools is his toy.
Wudent rule out he's after part ownership only up to 49% to help pay the bills but stays in full control.

You seem oddly confident…….why…..??

Just reading what’s been said in the last few days. Others are strangely negative so maybe the truth is somewhere in between.
The club’s statement doesn’t really make sense though. Raj being Raj could do anything but honestly, I can’t see him walking away from money and money will have been needed to get to the stage we’re at. Of course I could be wrong though, if that makes you feel better! Ha

I’m with you on this one.
There’s no way Raj allows someone to do their due diligence on the clubs books without an accepted offer AND proof of funds. He didn’t let the trust do it even after a £600,000 deposit. There’s also no way Raj accepts an offer for the club without knowing he’ll get his money, so he clearly knows they have the capital.
No idea what yesterdays statement was for but sounds like we’re at the end game now, hopefully some movement this week (or next) and we’ll no longer have to read statements praising our dear leader

It does look promising. The only odd thing about it is being optimistic when Pools are concerned

Mikey is still convinced Glenn Miller’s flight is just delayed….now that’s optimism.

Snowy, I think on this occasion the pessimists might be the ones off the mark.

Come on, how often have we had defeat snatched from the jaws of victory…..I’llonly believe it when I see it now…it’s the hope and misplaced expectation that does for you in the end.

Pinched this from FB.


Dear members,
Yesterday’s club statement caused a lot of alarm among supporters. However, there was some very positive news buried beneath the usual praise for Raj Singh and suggestions that the buyers of the club haven’t stuck to deadlines.
The positive news is that due diligence is well underway -
“One party that the Club has been working with recently progressed into a due diligence stage”
The other is that due diligence is clearly ongoing -
“The Club will continue to proactively work with all interested parties and is hopeful to reach an agreement for takeover in due course.”
This is good news because due diligence is a very late stage of this type of deal. We understand this process quite well after being directly involved in two attempted takeovers in the last 18 months.
This is a basic summary of the process based on normal practice and our experience of dealing with the current owner of Pools, HUST are not involved in the current deal:
Initial negotiations and discussions take place to explore different ways of structuring a deal and a basic price.
Proof of funds would usually happen here or even earlier.
Head of Terms a legal document where both parties agree to a deal in principle. This is a price and structure based on the assumption that everything the seller has said about the state of the club is correct. Both parties sign this and it usually includes clauses about exclusivity, timescales, and financial penalties for both parties if they deliberately upset the agreement without good reason.
Deposit of funds. The full amount of money needed to complete the sale, or a substantial deposit, is paid in cash to a solicitor or solicitors. This money is out of the buyer’s hands but not given to the seller yet
Due diligence. The buyer examines the books carefully using a team of lawyers and a team of accountants. This process gives them a chance to see how the company runs in detail and to check that there are no hidden liabilities such as court orders, unpaid bills, pending court actions, tax bills etc. If things that weren’t mentioned earlier in the process are discovered the price agreed in the heads of terms can be adjusted to cover them as long as both parties agree.
Acceptance of sale. The full, or adjusted, price is released to the outgoing owner and the incoming owner takes over.
We should add that, in our experience, Raj Singh is strict about proof of funds, our consortium actually had to deposit close to £600,000 just to enter serious negotiations. We also found him very reluctant to start due diligence so the idea that he has allowed a prospective buyer to do this without depositing funds looks ridiculous. If deposit of an acceptable amount of funds hadn’t taken place we don’t believe that due diligence would have started. Due diligence is an expensive process for the buyer but there are possible risks for the seller too so nobody enters it lightly.
To sum up, a deal must be very close for this statement to have been released and the negative sounding elements are probably what Rob Law described as “posturing.” It is still possible for something to go wrong at the end of due diligence but the discovery of something so serious that negotiations can’t resolve the matter is rare.
We should all keep touching wood but it looks highly likely that a new, positive era will be starting at Pools very soon.
Never say die!
The Board of HUST

Never heard of him, I’m way too young.

It’s from a HUST members’ update earlier today, which I also got via email. Fair play to them. There’s so much speculation that some clear guidance is helpful.

Lets hope.
NSD

It really is a strange feeling i agree.

That is an excellent, well balanced piece of writing by the Trust.

Usual suspects will punch holes in it. Do agree, it's a well put together piece

If we're wondering what kind of money Herd/APX have:
https://www.hollywoodreporter.com/fillum ... 235168414/

And this quote from https://www.theguardian.com/business/20 ... f-business

"Earlier this month, Vohra acquired a 6.95% stake in APX Corporation, the parent company of the APX Group Media fund, joining its board and acquisition committee.

The $70m (£58m) deal, which makes him one of APX’s biggest individual shareholders, gives the group a $1.14bn valuation."

My main hope if this take over happens soon that the interim board and the rest of Raj's lackies are expelled from the club.

Would be nice to just talk about what's happening on the pitch. Got friends who are Lincoln fans and I envy them.

Yep, it's time for a purge of the toxicity.

I’d just like a boring old normal close season to begin and this comic opera over.

And all of a sudden peace broke out on the Bunker, as for the first time, everyone agrees with each other!

You’ll be wanting a game of football in no man’s land next…

he was lost in a plane crash with his signed contract for owning pools in his pocket.

The pitch is bad but its not that bad

Same here.

I don,t agree with everything, But i respect others opinions.
Even if they are wrong

Our lass has decided that I don’t agree.

And has decreed that I am to "Gerroff that bastard Bunker, and get them fucking stairs painted..!"

Now that's how to negotiate!

Got to presume this retained list will speed things up this week.
Surely to God ya can't have the old regime doing this list.
Eh
That's if there is a new regime.

If there was the female equivalent of the bunker (The Bitchery)….they’d never be off it.

Surely that is exactly what Facebook represents?

I think SH has a good measure of the Interim board (middle men), Noticed how quickly she reacted when the (middle men) released their statement, To keep TRUE fans in the loop.

Surely someone (but not everyone) from the 'old regime' must by necessity have an input into who stays and who goes WHEN the new regime takes over? Especially if Skippy does not feature in their plans. It would surely be foolish and reckless to attempt to attack the new season with virtually a complete new squad - as we have seen in the past.

We need some sort of continuity- as I've said previously on another thread (might even have been this one but can't be arsed to look)

I think Skippy has done enough to have the summer to recruit his OWN players and prepare for the new season- can't be any worse than Uncle Darren - at least he tries to play Association Football rather than Rugby Union!

I think hes a decent coach, But i do think we need a man manager just my opinion.

IF the takeover goes ahead and IF the new owners have hods of money to invest, they're entitled to go for broke and pay over the odds for a proven manager of their choice.

Otherwise, Limbrick has to be in with a shout, for the sake of some continuity at a time of upheaval.

Mind you, his 29% win percentage is nothing to get excited about - below John Askey and Graeme Lee, and way below Kevin Phillips - but that's the point where uncomfortable facts get in the way of cherished opinions on here

Can’t disagree with any of that. If we can afford it, a proven manager is the number one priority.

We’ve shipped out manager after manager to no avail and unless we can tempt Challioner back with a mega offer we may as well give Limerick a chance with his own team - perhaps with an experienced mentor assisting.

Sadly, there is not a dogs chance of tempting Challinor back to Pools but your suggestion of Skippy with an experienced old(er) head may have some mileage.

thats the ideal situation as long as skippy can pick the older head who thinks similar to him and not someone pushed onto him with a completely different outlook.

Is 77 old enough? Maybe with 1,184 games under his belt as a manager?

Isn't that Lennie though?

I feel sure that Lennie will be exiting the club very shortly, he stopped the rot that the Sarll clown left but he's surely got to be on his bike now?

Hope your not suggesting Ole Lennie

He needs to add some discipline to his CV.
Seems to nicely nicely.
Anyhow someone on here said we getting the Boston manager.