Originally Posted by Kennys_spell
Erm yes you can - or rather you can dispose of your percentage of the business - which is what we're talking about unless you're moving the goalposts.
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How am I trying to move the goalposts? When Hicks and Gillett bought the club, they would have signed a partnership agreement saying one of them CANNOT sell without the other partner's permission. Imagine you and me going into a business venture in a 50/50 basis. If I want to sell my 50% to someone, wouldn't you be interested to know about the person I want to sell to? Wouldn't you want to know if the 'new partner' has the same vision and objectives as you do? If you think that the 'new partner' doesn't share your ideas for the business, would you agree to the sale? There are various business conditions to protect the interests of even minority share holders - so you can imagine what the conditions will be like for a 50% equal shareholder.
Why do you think DIC agreed to 49% knowing well they will have to obey Hicks' orders? Because Hicks is not going to share the business 50/50 with someone he is not sure about. Remember when Hicks broke the talks off with DIC? He said DIC wanted to run the club through a committee which Hicks didn't agree with. That is the key - in a 50/50 partnership, if someone wants to sell their 50%, the other partner HAS to agree to it. You can just enter into a business venture with a partner then sell it to someone and fuck off. It doesn't work like that. May be they had the 90 day condition to give enough time for the other partner and allow each other to sell if they wanted to. I don't know. I guess we will know soon enough.
EH???? I have no idea who you arrange your loans through but they don't put stipulations like that on the loan - they just make you responsible for paying them back the money you have lent on the terms agreed. They don't give a toss who you sell it to as long as the money is payed back!
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Seriously mate, what are you on about? I wasn't talking about the loans at all. You said if someone wants to sell their car,they can sell it to anyone. I said that won't be the case if you share the price of the car with someone else. If both of you borrowed the money to buy that car, ofcourse, the bank won't give a toss about who you are selling your 50% of the car to, provided they get their interest and principal back. But your partner will give plenty of toss about who you want to sell the car to.