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More due diligence to begin next week?

A 'proposed' takeover by a consortium fronted by Rob Lloyd had gone 'pretty quiet' - if this was a good or bad thing was down to the interpretation of those thinking about it.

Although sky sports news is today saying that Admin Andy has told them that the due diligence process will begin next week...

It is 'said' this was going to begin today, but for whatever reason - perhaps the upcoming Easter weekend, who knows? - this will now start next week after a £5,000 fee was paid for them to 'look at the books.'

Of course this, if true, and the fact that Lloyd and co are going to undertake due diligence, again if true, means nothing until a takeover goes through, so all we can do is 'wait and see'. Although 'if' this proves the case lets just PRAY that we have finally found something that can be the 'real deal' and offer us some stability after all the months of uncertainty surrounding the club...

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Writer: pompeyrug

Date:Thursday April 1 2010

Time: 2:21PM

Your Comments

Good, lets just leave him to get on with it now. And hopfuly he'll give us some news soon after.

pompeyfcmad

Really hope so! Something must happen soon surely.

eastneydave

Well at least this went quiet for a couple of weeks, and it seems that the consortium have paid to examine THE DETAILED BOOKS, with the administrators approval. This seems as if it is a genuine approach as nobody will waste time and money for the hell of it, except Pompeys ex owners. It is worth waiting to see if this consortium fits the bill, and I do seem to trust the administrator to protect the clubs interest as best he can. The period of silence is a plus for me, as it lacks people looking for publicity, whether they are qualified to own a club is another matter, let us hope so. PUP Wrinkly

wrinkley

I would have thought that the administraters would have supplied all of the information making "due diligence"unnecessary.

007

Be good to know who Rob Lloyds backers are! From what I have read he is only the front man. Bit like SAF was for Manchester City takeover. Sorry, couldn't help myself. I wonder what happened to the 3 interested parties that were declared when we had to go to Court. According to Chanrai these were serious contenders then. Are they the proverbial Vultures waiting to strike when "camera shy" Andy finishes carving us up.

Mike1954

If he paid £10k, would he see a different set of books?

uktony

The fact things had gone quiet, it means people were doing not talking. I asked Quay and Mudie said it would start next week

russellm

I thought £5k was the payment for a summary set of figures. the detailed data permitting a full disclosure of the books was considerably more expensive? Am I wrong? Wrinkly

wrinkley

Isn't £5k more than our two arab owners paid for the whole club, never mind just a look at the books?

wellyit

Surely we should be carrying out 'Due Diligence' on any consortium.

Lemmi

I share your concerns Mike, after all the last one to do due diligence was Sulaiman and that took months! And I would be much happier if I knew who the 'secret millionaire' investor is. But then again we do really need someone to buy the club, admittedly we need it to be someone who's the real deal, but someone has to, so fingers crossed and lets hope for the best.

tracyc

Gotta be a good thing, that someone is actually interested.....I just think we've got to get out of the hands of this Administrator as soon as possible.....I wouldn't trust him as far as i can throw him.....and I've been to the Gym recently !!! PUP

BarneyArmy

I really hope it works out for you guys and that you will be back season after next.

Buzz Lightyear

i will settle for things just 'working out' buzz, and altho i guess i would like to return one day not too fussed about this being an 'instant' return - altho thanks all the same!
got to admit i am not overly convinced by admin andy either Barney, lets see what he comes up with when he holds a met with some people shortly...

pompeyrug

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