Moyes Out ( Released )

[Keep dreaming]

"Posted the same last year. Nothing has changed, except win don't win matches anymore. I'm fed up, we can do much better"

[goose]

Like I said you should send them your feedback. Both DS and DK have an agreement on price and timeframe of a sale. In essence the sale is agreed.

[SurfaceAgentX2Zero]

"Goose The article at no point uses 'downpayment' in its definition of an option. It does use the term, inaccurately, when attempting to explain how an option works. Later on in the article, in a poorly worded, clumsy and not very compelling example involving house-building, it explains that by 'down payment' it actually means 'premium' - which is not the same thing as a down payment at all. A down payment on a house is deducted from the agreed price when the balance is due. The premium on an option is not deducted from the sale price.Since we have no indication that Kretinsky paid any premium at all (he 'probably' didn't, Sullivan's off-setting granting of a call option was 'likely' the consideration involved) 'downpayment' is entirely inaccurate. 'In essence' is one of those words or phrases that signals that what follows or precedes it is highly debatable. Like 'up to' or 'perhaps' or 'likely' or, with respect, 'with respect'. For instance, I could equally say, 'given West Ham's fall down the table and the probable consequent fall in value of its shares, in essence, Sullivan hasn't agreed a sale at all'"

[goose]

No I mean you're acting mental. In the face of overwhelming evidence you still claim the opposite. And you posted some weird blog no-ones ever read as an article which puts the sale of the club in serious doubt?? You've lost the plot. You crack on making a show of yourself.

[Westside]

"We know two things for a fact. Sullivan and Gold are subject to a clawback on any profit made on the club by selling up before a certain date - I can't remember the actual date, but I seem to recall it's this month. Someone will correct me if I'm wrong. The liability for the clawback, is a liability of the club, not Sullivan personally and Gold's estate. The sale of shares to Kretinsky, counted as a partial sale and incurred some of the clawback liability. This cost is in West ham's 2022 accounts as an expense of the club (£2.58 million). Probably academic, as I don't see further sale of shares before the clawback date is up, in April (disclosed in the accounts also)."

[Willtell]

"Ha ha ha!?I have to admire you front goose. A cry for help! If you say it then it must be right eh? Either that or you just can't admit I might be right""¶."

[Willtell]

"SurfaceAgentX2Zero I understand your point but surely there's more probability that the Evening Standard reporter merely quoted what he was told was the agreement. I checked the WH Holding filings and there is apparently no options listed as being officially filed. Now I have no experience of Put and Call Options but who is saying there is one? I haven't found one on a Google search. A knowledgeable poster explained what these options are and everyone assumed it was this however, it might not be a put and call option. It might just be a private agreement that if Sullivan decides to sell he has to sell to Kretinsky for the agreed price and vice versa."

[goose]

"Are you okay? Is this some kind of cry for help? You've put up one ES article and headline was something like ""DK agrees price to buy West Ham""ù, and then an article from a blog nobody's ever heard of with no quotes or evidence in it. You've made yourself look a right fool."

[Willtell]

"Ha ha ha! I like your front goose. I've put up two articles that put a sale into serious question. That means that if it doesn't go ahead, Moyes will probably be here next year unless he relegated us. Let's face the fact that you and everyone desperate for Sullivan and Moyes to go have mentally convinced yourselves that you are right. That's ""WISHFUL THINKING """

[goose]

"Will - numerous posters have now tried to point out that the sale of the club is far from ""òwishful thinking' as you stated. 50/50 is probably generous odds but whatever. You can keep making yourself look a plonker or you can give up. Your call (see what i did there?)."

[goose]

"Surface is says it in the bit that I posted up. Like I said if you disagree with their definition take it up with them. Instead of ""òin essence' you can substitute the word ""òbasically'. Sullivan has basically agreed to the sale of his shares at a certain agreeable price with a certain timeframe."

[Side of Ham]

"So there is an agreement and it's 50/50 on whether it happens or not, this means it can't be wishful thinking because it's 50% it happens or 50% it doesn't happen. I repeat it can't be deemed ""òwishful thinking' as it has been THOUGHT ABOUT to the point of there being options to do a deal""¶.."

[SurfaceAgentX2Zero]

"Willtell I'm not sure about that. I think part of the problem here is that the Evening Standard reporter doesn't know what an option is. If he or she did, they'd have investigated further the details of the options."

[Willtell]

"goose You're quoting a reference on put and call options but have no real knowledge of what they are. Point proven that you're wishful thinking. The Evening Standard were obviously quoting an official source that knows the reality of the agreement said - Evening Standard 26 Nov 2021 ""Neither party is obliged to take up their option, which will only exist for a certain amount of time."" https://www.standard.co.uk/sport/football/daniel-kretinsky-west-ham-takeover-david-sullivan-gold-2023-london-stadium-b968435.html""ù"

[SurfaceAgentX2Zero]

"What does 'in essence' mean? I could agree 'in essence' to sell my clapped out banger of a car to someone for £400 million pounds, but it means fuck all if nobody thinks it's worth more than 50 quid. I know what an option is, by the way, so I haven't read the definition you kindly provided. However, I would be very surprised if it described an option as a downpayment. If it does, perhaps you could tell me where it says it, to save me reading the whole thing."

[goose]

"Take it up with investopedia - it was a direct quote. https://www.investopedia.com/options-basics-tutorial-4583012 I said ""òin essence' he's agreed to sell, he has agreed to sell at a certain price within a certain timeframe."

[SurfaceAgentX2Zero]

"goose 9:47 Thu Mar 2 'You said it was wishful thinking that Sullivan would sell the club despite the fact he's agreed a sale in essence. So far from wishful thinking.' He hasn't agreed a sale, though. He's only agreed to sell if the strike price of the option he wrote is now attractive enough to Kretinsky to make him want to exercise his option. It's not the same thing and an option certainly isn't a 'downpayment'."

[SurfaceAgentX2Zero]

"Sorry, forgot to add. An option has an expiry date, which in this case we don't know, and may have one or more 'strike dates', or days when the option may be exercised. The first (only?) strike date on the ones under discussion will be after the LLDC clawback agreement expires."

[Side of Ham]

"I haven't slunk off anywhere, been reading goose mugging you off""¶..it's just so many on here think you are a dick and if I join in you accuse me of stalking you and want me banned""¶..the grassy cսnt that you are by even suggesting it""¶I don't really have to add to your woe's unless you inviting me to?"

[goose]

"You said it was wishful thinking that Sullivan would sell the club despite the fact he's agreed a sale in essence. So far from wishful thinking. Instead of admitting you're wrong despite loads of proof you are, you've continued to argue otherwise."

[Willtell]

"Look guys all I've said is that it's wishful thinking that Moyes and Sullivan will be gone this summer. I've given you evidence that it's not a forgone conclusion and I really don't care to go into whether I was right or wrong. Fact is I want them both gone and hope it happens but stop picking fights over nothing but the definition of wishful thinking. It says far more about you than me. I notice Takashi Miike and Snide of Ham have slunk off again but hey! Wankers do that""¶"

[SurfaceAgentX2Zero]

"OK. People need to understand how options work. I'm not an expert, but I'll have a go at explain. The issuer (writer) of a call option grants the buyer the option to buy something (in this case shares in the club) at an agreed (strike) price. The granter (writer) of a put option gives the buyer the option to sell something (in this case shares in the club) at an agreed (strike) price. We know two things for a fact. Sullivan and Gold are subject to a clawback on any profit made on the club by selling up before a certain date - I can't remember the actual date, but I seem to recall it's this month. Someone will correct me if I'm wrong. We also know that at the time the mutual option deal was made public West Ham were challenging for Europe, possibly even champions league. We are pretty sure that Kretinsky obtained some sort of call option and we are a bit less sure that Sullivan and Gold obtained some kind of put. It seems most unlikely that the strike price for both options was the same. Kretinsky would want some protection against relegation and G&S would want some added value for becoming a champions league club. If they wanted to fix the price at the time they might as well just have agreed a future sale and stuck the agreement in the safe. So, say, to keep the figures simple, both counterparties agreed the shares were worth 100p at the time. G&S would write a call option at a strike price of perhaps 110p and Kretinsky would write a put option at 90p. If the strike prices were the same, given West Ham's fall in stature, Sullivan and the Gold family would be exercising their put options. So, for a change of ownership not to happen we have to assume that West Ham's value has fallen a bit, (unless anyone is daft enough to think it has risen) but hasn't fallen enough for Sullivan and Gold's family to want to exercise their options at the lower price."

[goose]

"Will the article backs up everything I've said. ""Documents submitted to Companies House this week show a put and call agreement between Sullivan, 1890s holdings a.s, the holding company used by Kretinsky to purchase his stake, and EP Investment Sarl, Kretinsky's investment company.""ù What's a put & call agreement? A call option gives the holder the right to buy a stock and a put option gives the holder the right to sell a stock. Think of a call option as a down payment on a future purchase."

[Westside]

"Even if Sullivan decided not to sell, that wouldn't necessarily prevent a take over. The estate of David Gold has 25.1% of the company's shares. If Kretinsky could buy those, that would give him 52.1% in total and effective control"

[Willtell]

"Evening Standard 26 Nov 2021 ""Neither party is obliged to take up their option, which will only exist for a certain amount of time."" https://www.standard.co.uk/sport/football/daniel-kretinsky-west-ham-takeover-david-sullivan-gold-2023-london-stadium-b968435.html"

[goose]

Hahaha 6foot2 Club insiders I'll stick with the facts thanks.