In the event that it all goes tits up

the money would be refunded, minus an admin fee of £7.50. But they have got a well known corporate law firm arranging the takeover and EA Sports has backed the venture already.

The webteam have stated that there is already enough funds to purchase a club, they are waiting for the right one. So i don't think it is likely to go tits up or be a publicity stunt. What would be the point of spending tens of thousands of pounds on due dilligence for nothing?

Posted By: commonsense on August 7th 2007 at 14:04:36

Message Thread

Next phase in the revolution of football club ownership... (Other Football) - commonsense, Aug 7, 13:14:57
- Seen it before - sounds ludicrous and would never work (n/m) (Other Football) - duke of york, Aug 7, 14:22:09
- I've just registered (Other Football) - conker, Aug 7, 13:54:27
  - Excellent, I voted Cambridge aswell, be easier to visit! (n/m) (Other Football) - commonsense, Aug 7, 13:58:38
  - Probably a no-goer, as they dont own their own stadium (n/m) (Other Football) - Yellalee, Aug 7, 13:55:09
    - Think they are in the process of buying it back (n/m) (Other Football) - CB41, Aug 7, 14:01:05
      - I'd heard that the seller is pretty unscrupulous (Other Football) - Yellalee, Aug 7, 14:09:47
    - Damn it (Other Football) - conker, Aug 7, 13:56:32
- Sorry? (Other Football) - BerlinCanary, Aug 7, 13:40:04
  - There is no chance of it being Leeds (Other Football) - commonsense, Aug 7, 13:57:55
    - How does one measure those criteria? (Other Football) - BerlinCanary, Aug 7, 14:03:11
      - The choice of club is currently skewed (Other Football) - commonsense, Aug 7, 14:08:16
        
        So, we've just wasted our time discussing something meaningless? (Other Football) - BerlinCanary, Aug 7, 14:15:11
        
        If you had read the original post proerly first then i wouldn't have had to (Other Football) - commonsense, Aug 7, 14:20:15
        
        But without stating why it was impossible (Other Football) - BerlinCanary, Aug 7, 14:24:22
        
        Just the club vote on the website, I think he means (n/m) (Other Football) - Yellalee, Aug 7, 14:16:35
    - so the 4 teams that have applied meet those criteria? (n/m) (Other Football) - conker, Aug 7, 13:59:58
    - Could also be an interesting ploy by certain people to buy (Other Football) - Steve in Holland, Aug 7, 13:59:48
      - Yes there are lots of could be conspiracies (Other Football) - commonsense, Aug 7, 14:13:51
        
        Well if I came out with a stupid idea (when I signed up,the stuff sent has been laughable) (Other Football) - Brandonio, Aug 7, 14:30:39
        
        So did you sign up ? And do you now regret it ? (n/m) (Other Football) - Steve in Holland, Aug 7, 14:34:12
        
        I signed up out of interest to see how organised the operation was... (Other Football) - Brandonio, Aug 7, 14:39:26
        
        No, and all decisions to be done through the website. (Other Football) - Steve in Holland, Aug 7, 14:41:31
        
        Nah don't be silly, I'm not a mug... (Other Football) - Brandonio, Aug 7, 14:43:54
        
        Also, there is no mention of any profit sharing (Other Football) - Steve in Holland, Aug 7, 14:47:22
        
        It isn't an investment- it is a trust (Other Football) - commonsense, Aug 7, 14:55:45
        
        8,000 you say? (Other Football) - Brandonio, Aug 7, 15:07:41
        
        I really can't remember tbh (n/m) (Other Football) - Brandonio, Aug 7, 15:06:45
        
        Did you also see who they are registered with ? (Other Football) - Steve in Holland, Aug 7, 14:42:51
        
        It's certainly cheaper (n/m) (Other Football) - Steve in Holland, Aug 7, 14:17:20
  - disagree - could work (Other Football) - phrankin, Aug 7, 13:47:33
- youtube promo video for myfootballclub.co.uk (Other Football) - commonsense, Aug 7, 13:31:37
- My God, that sounds like a fantastic way to kill a club! (Other Football) - Steve in Holland, Aug 7, 13:23:05
  - Maybe, but... (Other Football) - commonsense, Aug 7, 13:28:43
    - what have you had from them so far in return for your £35? (n/m) (Other Football) - conker, Aug 7, 13:36:02
      - So far return has been zero, apart from loads of posting on it's forums, however (Other Football) - commonsense, Aug 7, 13:51:51
        
        So, in the smallprint of your contract (T & C) with this organisation, what (Other Football) - Steve in Holland, Aug 7, 13:54:56
        
        In the event that it all goes tits up (Other Football) - commonsense, Aug 7, 14:04:36
        
        Also minus the interest, which would be donate to (Other Football) - Steve in Holland, Aug 7, 14:19:09
      - lewdsuv ol spam oi reckon (n/m) (Other Football) - Steve in Holland, Aug 7, 13:38:31
        
        Au contraire, my sceptical cloggie friend. (Other Football) - Yellalee, Aug 7, 13:41:36
        
        Yes, I just read that. Without paying a penny. (n/m) (Other Football) - Steve in Holland, Aug 7, 13:42:13
    - Not all of us overseas fans are merchandise mad. In fact I know of only (Other Football) - Steve in Holland, Aug 7, 13:32:17
      - Many of the MFC members do seem merchandise mad (Other Football) - commonsense, Aug 7, 13:38:37
        
        Speaking of generalisation, fucking YANKS as well ?! (Other Football) - Steve in Holland, Aug 7, 13:41:48
        
        it's like cloggies trying to do pretend footie intut... (n/m) (Other Football) - blindasabat, Aug 7, 13:47:25
        
        If you mean pretend rugby, then no unless you mean it would be like us (Other Football) - Steve in Holland, Aug 7, 13:53:10
        
        they call it football, but play like rugby... (Other Football) - blindasabat, Aug 7, 14:08:38
      - **cough** XXL ** cough cough** (n/m) (Other Football) - conker, Aug 7, 13:36:23

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