| The takeover by Gamechanger 20 Ltd - The training ground land 23:56 - Mar 2 with 161664 views | Muncher |
I’ve been doing a bit of digging at HM Land Registry today and what I have seen backs up what Phil has previously mentioned and leads me to believe the takeover is well underway and likely just waiting EFL approval.
The Playford Road site (2 parcels of land) is the subject of a priority search in respect of an intended purchase by Gamechanger 20 Ltd which was lodged on 23 February by law firm Gateley PLC out of their Birmingham office (first instruction by that client).The Bent Lane site is subject to a similar priority search in respect of part of the site only, meaning the Evans group company is retaining part of it.
A priority search is carried out by solicitors to preserve their place in the queue of potential applications for dealing, it confers a priority period of about 45 days. It is a matter of public record and available to view by professionals who have the requisite portal account. It is typically only done in the immediate anticipation of completing a transaction, it can be done slightly ahead of this, but usually is done on the day of exchange of contracts. I’m a commercial property solicitor so carry out these searches on a regular basis. My best guess (based on the timing of the search) is Evans likely entered into a conditional contract last Tuesday for the sale of the land (and club). You would not carry out such a search unless a deal including the detail had either been agreed or was extremely close. The reason such searches are not carried out lightly is because it prevents the proprietor from entering into other transactions while the priority is lodged. If a deal is not happening you should cancel the search, but all 3 remain in place.
There is no corresponding priority search in respect of the stadium lease and I would not expect there to be as the lease is owned by the club as tenant and I would expect Gamechanger 20 Ltd is acquiring the existing share capital owned by Evans.
I am happy to share screenshots if anyone would like to see, but the searches are in relation to the Playford Road site (title number SK219236 & SK203140) and the bent lane site (SK200320) they appear under the “application enquiry” tab.
EDIT:
I have now have a placed a brief article on my firm's website here discussing it:
https://prettys.co.uk/news/takeover-ipswich-town-football-club-could-be-progress
[Post edited 8 Mar 2021 12:59]
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| The takeover by Gamechanger 20 Ltd - The training ground land on 09:31 - Mar 30 with 4535 views | Muncher |
So what can we take from this? At a very basic level the Gamechanger deal is sufficiently "live" from their point of view that they want to preserve their priority position.
The timing of it is interesting, on the one hand you could say they are coming to the end of their period of protection and with Easter in the middle of it they don't want to inadvertently let it lapse over Easter, but it won't lapse until 8 April, a full 2 days after everyone is back working . So to me, that's a little bit on the premature side of things as they are generating a week and half of overlap between their searches, i.e. 25%.
Someone at Gateleys, probably a junior solicitor was up and logged on to the portal to renew the searches at around 8:40am, so fairly early if this was a "routine" extension, so you could perhaps infer that there is some significance about today in particular, i.e. it one of the nice easy things to get out of the way early in the day on your long list of pre-completion tasks... [Post edited 30 Mar 2021 9:37]
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| The takeover by Gamechanger 20 Ltd - The training ground land on 09:39 - Mar 30 with 4311 views | GlasgowBlue |
| The takeover by Gamechanger 20 Ltd - The training ground land on 09:31 - Mar 30 by Muncher |
So what can we take from this? At a very basic level the Gamechanger deal is sufficiently "live" from their point of view that they want to preserve their priority position.
The timing of it is interesting, on the one hand you could say they are coming to the end of their period of protection and with Easter in the middle of it they don't want to inadvertently let it lapse over Easter, but it won't lapse until 8 April, a full 2 days after everyone is back working . So to me, that's a little bit on the premature side of things as they are generating a week and half of overlap between their searches, i.e. 25%.
Someone at Gateleys, probably a junior solicitor was up and logged on to the portal to renew the searches at around 8:40am, so fairly early if this was a "routine" extension, so you could perhaps infer that there is some significance about today in particular, i.e. it one of the nice easy things to get out of the way early in the day on your long list of pre-completion tasks... [Post edited 30 Mar 2021 9:37]
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Could you please offer your services to Marcus Evans to move this deal forward? You seem far more competent than the people he currently employs. |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 09:40 - Mar 30 with 4291 views | Pinewoodblue |
| The takeover by Gamechanger 20 Ltd - The training ground land on 09:31 - Mar 30 by Muncher |
So what can we take from this? At a very basic level the Gamechanger deal is sufficiently "live" from their point of view that they want to preserve their priority position.
The timing of it is interesting, on the one hand you could say they are coming to the end of their period of protection and with Easter in the middle of it they don't want to inadvertently let it lapse over Easter, but it won't lapse until 8 April, a full 2 days after everyone is back working . So to me, that's a little bit on the premature side of things as they are generating a week and half of overlap between their searches, i.e. 25%.
Someone at Gateleys, probably a junior solicitor was up and logged on to the portal to renew the searches at around 8:40am, so fairly early if this was a "routine" extension, so you could perhaps infer that there is some significance about today in particular, i.e. it one of the nice easy things to get out of the way early in the day on your long list of pre-completion tasks... [Post edited 30 Mar 2021 9:37]
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Could just be a cheap way of telling Marcus Evans you are still interested. |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 09:41 - Mar 30 with 4285 views | hype313 |
| The takeover by Gamechanger 20 Ltd - The training ground land on 09:31 - Mar 30 by Muncher |
So what can we take from this? At a very basic level the Gamechanger deal is sufficiently "live" from their point of view that they want to preserve their priority position.
The timing of it is interesting, on the one hand you could say they are coming to the end of their period of protection and with Easter in the middle of it they don't want to inadvertently let it lapse over Easter, but it won't lapse until 8 April, a full 2 days after everyone is back working . So to me, that's a little bit on the premature side of things as they are generating a week and half of overlap between their searches, i.e. 25%.
Someone at Gateleys, probably a junior solicitor was up and logged on to the portal to renew the searches at around 8:40am, so fairly early if this was a "routine" extension, so you could perhaps infer that there is some significance about today in particular, i.e. it one of the nice easy things to get out of the way early in the day on your long list of pre-completion tasks... [Post edited 30 Mar 2021 9:37]
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Sounds exciting and positive Muncher, just to say thanks to all your efforts on this, it's keeping us all relatively sane! |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 09:42 - Mar 30 with 4255 views | itfcbishop |
| The takeover by Gamechanger 20 Ltd - The training ground land on 09:31 - Mar 30 by Muncher |
So what can we take from this? At a very basic level the Gamechanger deal is sufficiently "live" from their point of view that they want to preserve their priority position.
The timing of it is interesting, on the one hand you could say they are coming to the end of their period of protection and with Easter in the middle of it they don't want to inadvertently let it lapse over Easter, but it won't lapse until 8 April, a full 2 days after everyone is back working . So to me, that's a little bit on the premature side of things as they are generating a week and half of overlap between their searches, i.e. 25%.
Someone at Gateleys, probably a junior solicitor was up and logged on to the portal to renew the searches at around 8:40am, so fairly early if this was a "routine" extension, so you could perhaps infer that there is some significance about today in particular, i.e. it one of the nice easy things to get out of the way early in the day on your long list of pre-completion tasks... [Post edited 30 Mar 2021 9:37]
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Can Marcus stop people lodging priority searches? |  | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 09:44 - Mar 30 with 4222 views | WeWereZombies |
| The takeover by Gamechanger 20 Ltd - The training ground land on 09:40 - Mar 30 by Pinewoodblue |
Could just be a cheap way of telling Marcus Evans you are still interested. |
But if the sticking point is price I would expect a more effective way would be to pick up the phone and tell him that you are about to withdraw your offer (in view of the diminishing likelihood of Paul Cook putting together a challenge for promotion via the play offs.) |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 09:49 - Mar 30 with 4137 views | BlueWorldOrder |
| The takeover by Gamechanger 20 Ltd - The training ground land on 09:31 - Mar 30 by Muncher |
So what can we take from this? At a very basic level the Gamechanger deal is sufficiently "live" from their point of view that they want to preserve their priority position.
The timing of it is interesting, on the one hand you could say they are coming to the end of their period of protection and with Easter in the middle of it they don't want to inadvertently let it lapse over Easter, but it won't lapse until 8 April, a full 2 days after everyone is back working . So to me, that's a little bit on the premature side of things as they are generating a week and half of overlap between their searches, i.e. 25%.
Someone at Gateleys, probably a junior solicitor was up and logged on to the portal to renew the searches at around 8:40am, so fairly early if this was a "routine" extension, so you could perhaps infer that there is some significance about today in particular, i.e. it one of the nice easy things to get out of the way early in the day on your long list of pre-completion tasks... [Post edited 30 Mar 2021 9:37]
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If this is a routine function by a Junior Solicitor just to keep it live as a just in case, aren't they just potentially blocking an incoming sale for their own benefit? If this is routine action for an interested party I hardly see that as evidence as the sale being back on. Until something new emerges this is just administration isn't it? |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 09:58 - Mar 30 with 4036 views | JackSted |
| The takeover by Gamechanger 20 Ltd - The training ground land on 09:31 - Mar 30 by Muncher |
So what can we take from this? At a very basic level the Gamechanger deal is sufficiently "live" from their point of view that they want to preserve their priority position.
The timing of it is interesting, on the one hand you could say they are coming to the end of their period of protection and with Easter in the middle of it they don't want to inadvertently let it lapse over Easter, but it won't lapse until 8 April, a full 2 days after everyone is back working . So to me, that's a little bit on the premature side of things as they are generating a week and half of overlap between their searches, i.e. 25%.
Someone at Gateleys, probably a junior solicitor was up and logged on to the portal to renew the searches at around 8:40am, so fairly early if this was a "routine" extension, so you could perhaps infer that there is some significance about today in particular, i.e. it one of the nice easy things to get out of the way early in the day on your long list of pre-completion tasks... [Post edited 30 Mar 2021 9:37]
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Hey Muncher,
I can't see any indication on the new search that it's in regards to purchasing ITFC. What's the chance that those searches have been logged for something completely unrelated? Sorry if this is a stupid question [Post edited 30 Mar 2021 10:02]
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| The takeover by Gamechanger 20 Ltd - The training ground land on 10:01 - Mar 30 with 3988 views | Muncher |
| The takeover by Gamechanger 20 Ltd - The training ground land on 09:40 - Mar 30 by Pinewoodblue |
Could just be a cheap way of telling Marcus Evans you are still interested. |
Unlikely, there will be constant dialogue and he wouldn’t be notified anyway. | | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 10:02 - Mar 30 with 3971 views | Pinewoodblue |
| The takeover by Gamechanger 20 Ltd - The training ground land on 09:44 - Mar 30 by WeWereZombies |
But if the sticking point is price I would expect a more effective way would be to pick up the phone and tell him that you are about to withdraw your offer (in view of the diminishing likelihood of Paul Cook putting together a challenge for promotion via the play offs.) |
How do you withdraw an offer if on3 hasn’t been made. All they have done, so far, is talk abou5 the price.
Town in the Championship must have a higher value than Town still in League One. Who can blame Marcus for not wanting to gift the club to someone. | |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 10:02 - Mar 30 with 3966 views | BlueandTruesince82 |
| The takeover by Gamechanger 20 Ltd - The training ground land on 08:53 - Mar 30 by Muncher |
On all 3 parcels of land just lodged within minutes of each other. |
Whilst this is great I just can't allow myself to get excited by it until we have something more concrete. Marcus Evans has spent 13 years letting me down, I don't expect anything else again |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 10:07 - Mar 30 with 3897 views | The_Flashing_Smile |
| The takeover by Gamechanger 20 Ltd - The training ground land on 09:49 - Mar 30 by BlueWorldOrder |
If this is a routine function by a Junior Solicitor just to keep it live as a just in case, aren't they just potentially blocking an incoming sale for their own benefit? If this is routine action for an interested party I hardly see that as evidence as the sale being back on. Until something new emerges this is just administration isn't it? |
It shows the sale isn't off (and probably never was). So there's no 'back on' about it. |  |
| Trust the process. Trust Phil. |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 10:18 - Mar 30 with 3782 views | Muncher |
| The takeover by Gamechanger 20 Ltd - The training ground land on 09:42 - Mar 30 by itfcbishop |
Can Marcus stop people lodging priority searches? |
No, but there is likely something in the LR rules about improper use of the priority system somewhere. | | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 10:23 - Mar 30 with 3708 views | Muncher |
| The takeover by Gamechanger 20 Ltd - The training ground land on 09:49 - Mar 30 by BlueWorldOrder |
If this is a routine function by a Junior Solicitor just to keep it live as a just in case, aren't they just potentially blocking an incoming sale for their own benefit? If this is routine action for an interested party I hardly see that as evidence as the sale being back on. Until something new emerges this is just administration isn't it? |
It doesn't effectively "block" another deal, it can't be used in that way. | | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 12:20 - Mar 30 with 3227 views | Muncher |
I just find the timing of the new search a bit odd unless something is imminent.
If you are not under contract you wouldn't care about it lapsing as until you exchange - you have no position to protect.
If you were under contract you would perhaps wait until next week to renew it (unless staffing meant you were away over that period and wanted to make sure it was done to be safe).
MY guess from the outside would be the first search was done in anticipation of exchange which never happened and this new search is being done because they again think exchange is imminent. In which case, IF they already have EFL approval it might be unconditional and complete straight away.
Parties always seem to target their deals prior to key dates, it may be that they are targeting getting a deal done before the easter break, that would be logical. | | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 12:23 - Mar 30 with 3179 views | saffers12 |
| The takeover by Gamechanger 20 Ltd - The training ground land on 12:20 - Mar 30 by Muncher |
I just find the timing of the new search a bit odd unless something is imminent.
If you are not under contract you wouldn't care about it lapsing as until you exchange - you have no position to protect.
If you were under contract you would perhaps wait until next week to renew it (unless staffing meant you were away over that period and wanted to make sure it was done to be safe).
MY guess from the outside would be the first search was done in anticipation of exchange which never happened and this new search is being done because they again think exchange is imminent. In which case, IF they already have EFL approval it might be unconditional and complete straight away.
Parties always seem to target their deals prior to key dates, it may be that they are targeting getting a deal done before the easter break, that would be logical. |
This would fall in line with Matt Slater's stance |  | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 12:58 - Mar 30 with 3012 views | J2BLUE |
| The takeover by Gamechanger 20 Ltd - The training ground land on 12:20 - Mar 30 by Muncher |
I just find the timing of the new search a bit odd unless something is imminent.
If you are not under contract you wouldn't care about it lapsing as until you exchange - you have no position to protect.
If you were under contract you would perhaps wait until next week to renew it (unless staffing meant you were away over that period and wanted to make sure it was done to be safe).
MY guess from the outside would be the first search was done in anticipation of exchange which never happened and this new search is being done because they again think exchange is imminent. In which case, IF they already have EFL approval it might be unconditional and complete straight away.
Parties always seem to target their deals prior to key dates, it may be that they are targeting getting a deal done before the easter break, that would be logical. |
If this goes through you're getting my 2021 POTY vote. Everyone else can go home. |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 13:04 - Mar 30 with 2965 views | The_Flashing_Smile |
| The takeover by Gamechanger 20 Ltd - The training ground land on 12:58 - Mar 30 by J2BLUE |
If this goes through you're getting my 2021 POTY vote. Everyone else can go home. |
You're getting my 2021 POTY vote for the brilliant suggestion that he gets the 2021 POTY vote. | |
| Trust the process. Trust Phil. |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 13:07 - Mar 30 with 2932 views | abracaDOBRA_ |
| The takeover by Gamechanger 20 Ltd - The training ground land on 12:23 - Mar 30 by saffers12 |
This would fall in line with Matt Slater's stance |
Ive just seen he's said on twitter that these new searches 'may' mean something is imminent when someone tweeted and asked him. |  | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:12 - Mar 30 with 2887 views | PhilTWTD |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:07 - Mar 30 by abracaDOBRA_ |
Ive just seen he's said on twitter that these new searches 'may' mean something is imminent when someone tweeted and asked him. |
I've had an ask around this morning and am told things haven't moved on, a deal is still a long way off being done. |  | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:13 - Mar 30 with 2867 views | PhilTWTD |
| The takeover by Gamechanger 20 Ltd - The training ground land on 10:07 - Mar 30 by The_Flashing_Smile |
It shows the sale isn't off (and probably never was). So there's no 'back on' about it. |
I don't think anyone reported that it was off, more than it had stalled, which is still where it's at as I understand it. | | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:16 - Mar 30 with 2828 views | J2BLUE |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:12 - Mar 30 by PhilTWTD |
I've had an ask around this morning and am told things haven't moved on, a deal is still a long way off being done. |
If this doesn't go through you're getting my 2021 MOTY vote. Everyone else can go home. | |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 13:16 - Mar 30 with 2819 views | portmanking |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:12 - Mar 30 by PhilTWTD |
I've had an ask around this morning and am told things haven't moved on, a deal is still a long way off being done. |
With the utmost respect for you and your connections, Phil. Would those people actually be able to tell you if progress had been made? Those really in the know would be bound by NDAs, no? Wouldn't we all be waiting for a formal announcement from Evans or Gamechanger 20 Ltd? | | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:18 - Mar 30 with 2795 views | Metal_Hacker |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:16 - Mar 30 by portmanking |
With the utmost respect for you and your connections, Phil. Would those people actually be able to tell you if progress had been made? Those really in the know would be bound by NDAs, no? Wouldn't we all be waiting for a formal announcement from Evans or Gamechanger 20 Ltd? |
I see your point but how come Matt Slater "knows" otherwise ? |  |
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