This ebbsfleet thing

I see the bid now has to pass through 'Due Diligence' before it is finalised.
Well clearly it must fail this process?
How the hell can a massive consortium of what 20,000 people be but through any kind of proper due diligence?
Who do you do the fit and proper tests on? All of them?
How do you asses the financial backing? Is there a tie in to additional payments by the members? Or canthey all walk away in 6 months time when they are bored leaving no more money for the club?
I like the idea in principal but I just can't see how this could pass a due diligence, unless the test in question is largely academic. Which would explain some of the investors kicking around in the top flight.

Posted By: megson on November 14th 2007 at 08:53:28

Message Thread

This ebbsfleet thing (Other Football) - megson, Nov 14, 08:53:28
- I'm struggling here - (Other Football) - KentonCanary, Nov 14, 09:27:58
  - And more to the point, the team'll be chosen each week by thousands of people (Other Football) - thebigfeller, Nov 14, 09:32:42
  - Some £35 a pop "shareholders" will be more equal than others (n/m) (Other Football) - duke of york, Nov 14, 09:29:13
- I like the idea (Other Football) - DiscoDaleGordon, Nov 14, 09:26:58
- I think it's brilliant (Other Football) - The King of Prussia, Nov 14, 09:26:50
- I think it's nuts (Other Football) - thebigfeller, Nov 14, 09:18:01
  - I just don't see the need for it (Other Football) - duke of york, Nov 14, 09:26:03
    - Agree. (Other Football) - thebigfeller, Nov 14, 09:31:48
- I don't like the idea in principle or in practice (Other Football) - duke of york, Nov 14, 09:14:33
  - I agree, its truly wierd (Other Football) - megson, Nov 14, 11:03:45

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