Exclusive - THE NEWS WE ALL WANT TO HEAR

Steve Borley is on his way back from Malaysia with an offer of 9p a share.

Peter Ridsdale is ready to accept the offer himself and resign from the board too.

IF the Malaysians do not come through with their offer Peter Ridsdale will leave by the end of the month, he has had enough of the pressure.

This story will run in tomorrows news and media outlets.

Borley was going to Malaysia to go with the ' drag on ' option, so even if Ridsdale didnt accept the offer then 51% of the shareholders would have forced the sale anyhow.

BUT WE DO NOT STOP WITH OUR PROTESTS AND DEMONSTRATIONS UNTIL HE HAS GONE, WE KEEP UP THE PRESSURE.

Excellent news light at the end of the tunell hopefully.

sounds promising , nothing is ever simple with cardiff city though

Steve Borley is on his way back from Malaysia with an offer of 9p a share.

Peter Ridsdale is ready to accept the offer himself and resign from the board too.

IF the Malaysians do not come through with their offer Peter Ridsdale will leave by the end of the month, he has had enough of the pressure.

This story will run in tomorrows news and media outlets.

BUT WE DO NOT STOP WITH OUR PROTESTS AND DEMONSTRATIONS UNTIL HE HAS GONE, WE KEEP UP THE PRESSURE.

Obviously hope this is nailed on fact. But how many shares are we talking about? are they looking for 51%
and a controlling interest or are they looking to oust the egg chasers and the other fly-by-night bastards??

Before any Ridsdale do-gooders say he is selling for the good of the club, Remember I told you last week on here that Borley was going to Malaysia to go with the ' drag on ' option, so even if Ridsdale didnt accept the offer then 51% of the shareholders would have forced the sale anyhow.

Excellent news light at the end of the tunell hopefully.

hopefully Paul but this is the City and anything is possible as I have learned before

Steve Borley is on his way back from Malaysia with an offer of 9p a share.

Peter Ridsdale is ready to accept the offer himself and resign from the board too.

IF the Malaysians do not come through with their offer Peter Ridsdale will leave by the end of the month, he has had enough of the pressure.

This story will run in tomorrows news and media outlets.

BUT WE DO NOT STOP WITH OUR PROTESTS AND DEMONSTRATIONS UNTIL HE HAS GONE, WE KEEP UP THE PRESSURE.

Obviously hope this is nailed on fact. But how many shares are we talking about? are they looking for 51%
and a controlling interest or are they looking to oust the egg chasers and the other fly-by-night bastards??

I know they will want a big say in the running of club and do not want PR any where near it.

Steve Borley is on his way back from Malaysia with an offer of 9p a share.

Peter Ridsdale is ready to accept the offer himself and resign from the board too.

IF the Malaysians do not come through with their offer Peter Ridsdale will leave by the end of the month, he has had enough of the pressure.

This story will run in tomorrows news and media outlets.

Borley was going to Malaysia to go with the ' drag on ' option, so even if Ridsdale didnt accept the offer then 51% of the shareholders would have forced the sale anyhow.

BUT WE DO NOT STOP WITH OUR PROTESTS AND DEMONSTRATIONS UNTIL HE HAS GONE, WE KEEP UP THE PRESSURE.

Thanks for the info carl but i wont be getting to excited until it happens...

Steve Borley is on his way back from Malaysia with an offer of 9p a share.

Peter Ridsdale is ready to accept the offer himself and resign from the board too.

IF the Malaysians do not come through with their offer Peter Ridsdale will leave by the end of the month, he has had enough of the pressure.

This story will run in tomorrows news and media outlets.

Borley was going to Malaysia to go with the ' drag on ' option, so even if Ridsdale didnt accept the offer then 51% of the shareholders would have forced the sale anyhow.

BUT WE DO NOT STOP WITH OUR PROTESTS AND DEMONSTRATIONS UNTIL HE HAS GONE, WE KEEP UP THE PRESSURE.

Thanks for the info carl but i wont be getting to excited until it happens...

I understand

So is this an investment or is it a takeover... either way its good news at last..

So is this an investment or is it a takeover... either way its good news at last..

What I am being told is so far it's an investment

great news that carl

Carl,

While any good news right now is more than appreciated, we need more information on this offer to look at it with any clarity:
- are new shares being issued (how many and what price) - providing investment into the club
- buying out the existing shareholders and taking over the obligations

Any idea?

Thanks,

Mike

Great news if it comes true, it seems its an investment for now but surely it will turn into a full takeover.

Will be amazing if it all goes through.

So is this initial (I hope!) investment solely to get rid of the Riddler, or would it be to inject some cash to pay off HMRC et al too?

great news if true not that i doubt the poster in any way thanks for the imfo now its stella time

I am a city fan like the rest of you and am passing on what I have been told

I want it to come true right now thats how impatient I am.

At the moment I believe this is an investment

Sounds like good news.

If it isn't a full takeover, who's shares would he be buying @ 9p each? Or would it be a new issue?

With the drag along option, wouldn't that be for a full takeover? ie if 50% of the shareholders agree to 9p a share, those are the terms and the price at which the shares would be sold?

Steve Borley is on his way back from Malaysia with an offer of 9p a share.

Peter Ridsdale is ready to accept the offer himself and resign from the board too.

IF the Malaysians do not come through with their offer Peter Ridsdale will leave by the end of the month, he has had enough of the pressure.

This story will run in tomorrows news and media outlets.

Borley was going to Malaysia to go with the ' drag on ' option, so even if Ridsdale didnt accept the offer then 51% of the shareholders would have forced the sale anyhow.

BUT WE DO NOT STOP WITH OUR PROTESTS AND DEMONSTRATIONS UNTIL HE HAS GONE, WE KEEP UP THE PRESSURE.

excellent news if all goes through!!

i was of the understanding you only need to aquire 30% shareholding to force the sale of the remaining shares though??

I thought it was around 75% but you live and learn.

Let's hope this comes to pass and if it does, we should have a celebration march when Ridsdale finally slings his hook.

Sounds like good news.

If it isn't a full takeover, who's shares would he be buying @ 9p each? Or would it be a new issue?

With the drag along option, wouldn't that be for a full takeover? ie if 50% of the shareholders agree to 9p a share, those are the terms and the price at which the shares would be sold?

I'm with you, we need to know far more details yet. Fingers crossed of course, if it comes off before the seasons end, I'll get my season ticket resent!

Let's all hope this comes true for the good of CCFC

Let's hope this comes to pass and if it does, we should have a celebration march when Ridsdale finally slings his hook.

will all shareholders like yourself and annis have to sell??? or do they just need a majoruty share holding to take over

I believe if any shareholder aquires 29.9% they have to make an offer for the rest of the shares, but the holders do-not have to sell.

Once 90% of shares are held by one holder then that person/organisation can make a complusary purchase of the rest.

Any way f**king great news and an astute business man like TG wouldn't be getting involved with a bankrupt club unless there was more substancial investment to come.

Let's hope this comes to pass and if it does, we should have a celebration march when Ridsdale finally slings his hook.

will all shareholders like yourself and annis have to sell??? or do they just need a majoruty share holding to take over

That's why I'm confused. If it was just an investment, unless there was a new share issue they must just be buying somebody else's shares?

If the Malaysians are allegedly offering 9p per share, and are looking at using the drag along option then I thought that would mean that with 50% of the shareholding agreeing to it ( I'm pretty sure the docs say 50%ish) then all shareholders would have to sell.
If it's only an investment then I don't see what the drag along option has got to do with it really, although I may be off the mark

Indeed it's encouraging news. Well done Steve Borley.

f**k me Carl i hope this is true, light at the end of the tunnel

good news.

I believe if any shareholder aquires 29.9% they have to make an offer for the rest of the shares, but the holders do-not have to sell.

Once 90% of shares are held by one holder then that person/organisation can make a complusary purchase of the rest.

Any way f**king great news and an astute business man like TG wouldn't be getting involved with a bankrupt club unless there was more substancial investment to come.

yeah i think that's correct. i remember there was a big feature on SSN about it regarding the situation at Arsenal with Usmanov/Kronke/Dein etc

Please, i hope this is true, i just want to get back to following City without all the worry.