| The takeover by Gamechanger 20 Ltd - The training ground land 23:56 - Mar 2 with 159673 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 13:19 - Mar 30 with 3580 views | Kieran_Knows |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:18 - Mar 30 by Metal_Hacker |
I see your point but how come Matt Slater "knows" otherwise ? |
Just a guess that his sources are states side? |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 13:20 - Mar 30 with 3538 views | Metal_Hacker |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:19 - Mar 30 by Kieran_Knows |
Just a guess that his sources are states side? |
Yeah thought that might be the answer myself BUT surely an NDA is an NDA either side of the waters ? [Post edited 30 Mar 2021 13:20]
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| The takeover by Gamechanger 20 Ltd - The training ground land on 13:22 - Mar 30 with 3526 views | LankHenners |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:19 - Mar 30 by Kieran_Knows |
Just a guess that his sources are states side? |
That would make sense - he’s incredibly well connected in the business world of football so would probably have his info from the buying side rather than the selling. That he believes it’s still going along whilst Phil has said it’s stalled could tell us that they’re still interested in taking over but Evans is holding it up at this end. |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 13:22 - Mar 30 with 3520 views | portmanking |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:18 - Mar 30 by Metal_Hacker |
I see your point but how come Matt Slater "knows" otherwise ? |
Where does he say he knows otherwise? All I've seen from him in recent days is a tweet that "It may" be good news. Rather non-committal. | | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:23 - Mar 30 with 3498 views | N2_Blue |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:13 - Mar 30 by PhilTWTD |
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. |
Nothing to see here. Go enjoy the sunshine rather than worry about this takeover.
Nothing has fundamentally changed but some movement could be made once it is confirmed what division we will be in but Marcus will still need to move a long way on his valuation, irrespective of what division we are in. |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 13:23 - Mar 30 with 3477 views | abracaDOBRA_ |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:20 - Mar 30 by Metal_Hacker |
Yeah thought that might be the answer myself BUT surely an NDA is an NDA either side of the waters ? [Post edited 30 Mar 2021 13:20]
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Yes he knows the guys connected in USA, remember him saying on that interview he did |  | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:24 - Mar 30 with 3462 views | Metal_Hacker |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:22 - Mar 30 by portmanking |
Where does he say he knows otherwise? All I've seen from him in recent days is a tweet that "It may" be good news. Rather non-committal. |
OK it comes across from MS with a more positive slant lets say.Perhaps it's just me then but compared to Phil's most recent addition......
Just playing devils advocate here, like everyone else no-one knows for sure other than those involved obviously [Post edited 30 Mar 2021 13:25]
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| The takeover by Gamechanger 20 Ltd - The training ground land on 13:27 - Mar 30 with 3435 views | The_Flashing_Smile |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:20 - Mar 30 by Metal_Hacker |
Yeah thought that might be the answer myself BUT surely an NDA is an NDA either side of the waters ? [Post edited 30 Mar 2021 13:20]
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NDAs aren't the trade secrets act. Stuff can still get leaked without the finger definitely being pointed at any one individual. In fact Gamechanger may well think leaking stuff is beneficial to getting the fans onside and moving the deal along, whilst leaking from Evans' side would help him flush out other potential investors and start a bidding war. |  |
| Trust the process. Trust Phil. |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 13:29 - Mar 30 with 3422 views | PhilTWTD |
| 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? |
Obviously can't talk about sources, you'll have to trust me that they know where things are at. It is worth pointing out that aspects of what I've been told have been verified, however. That the searches on Bent Lane are for only part of the land confirms what I initially reported that ME would be keeping part of that land. |  | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:31 - Mar 30 with 3378 views | chrismakin |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:27 - Mar 30 by The_Flashing_Smile |
NDAs aren't the trade secrets act. Stuff can still get leaked without the finger definitely being pointed at any one individual. In fact Gamechanger may well think leaking stuff is beneficial to getting the fans onside and moving the deal along, whilst leaking from Evans' side would help him flush out other potential investors and start a bidding war. |
Could they be doing the whole search thing to try to force Evans hand? I.e no further forward with talks but they think with fan pressure evens may give in |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 13:31 - Mar 30 with 3388 views | SenatorBlue |
| 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. |
Closure of the financial and tax year ie midnight tomorrow, would be deemed a significant and clean date, I would think. |  | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:32 - Mar 30 with 3367 views | Metal_Hacker |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:27 - Mar 30 by The_Flashing_Smile |
NDAs aren't the trade secrets act. Stuff can still get leaked without the finger definitely being pointed at any one individual. In fact Gamechanger may well think leaking stuff is beneficial to getting the fans onside and moving the deal along, whilst leaking from Evans' side would help him flush out other potential investors and start a bidding war. |
I also understand ref the NDA's and I'm lead to believe each and every NDA would be different to another in terms of the ramifications of any leak perhaps favouring the buyer as opposed to the seller or vice versa, just seems to be slightly inconsistent from both parties if that's the case
That's all I'm saying - for the record Dolly I'm not claiming to be an expert on anything - I wouldn't dare | |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 13:33 - Mar 30 with 3346 views | Beckets |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:31 - Mar 30 by SenatorBlue |
Closure of the financial and tax year ie midnight tomorrow, would be deemed a significant and clean date, I would think. |
Strictly speaking it’s midnight 4 April |  | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:36 - Mar 30 with 3307 views | DanTheMan |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:29 - Mar 30 by PhilTWTD |
Obviously can't talk about sources, you'll have to trust me that they know where things are at. It is worth pointing out that aspects of what I've been told have been verified, however. That the searches on Bent Lane are for only part of the land confirms what I initially reported that ME would be keeping part of that land. |
My complete guess is that this is probably going to be the situation until after the season is finished.
We stay down, we get sold.
Go up and it's anyone's guess.
I base this on absolutely nothing. |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 13:38 - Mar 30 with 3286 views | The_Flashing_Smile |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:32 - Mar 30 by Metal_Hacker |
I also understand ref the NDA's and I'm lead to believe each and every NDA would be different to another in terms of the ramifications of any leak perhaps favouring the buyer as opposed to the seller or vice versa, just seems to be slightly inconsistent from both parties if that's the case
That's all I'm saying - for the record Dolly I'm not claiming to be an expert on anything - I wouldn't dare |
Me neither, although I have signed lots of NDAs. Unless you leaked something in physical form (like and email or a tweet, both of which would be pretty stupid), or some specific detail only certain people would know (again, which would be pretty stupid), it would be very difficult to prove who leaked what. And if a leak benefitted one party in some way, an NDA being in place won't stop it. | |
| Trust the process. Trust Phil. |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 13:51 - Mar 30 with 3152 views | JackSted |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:22 - Mar 30 by LankHenners |
That would make sense - he’s incredibly well connected in the business world of football so would probably have his info from the buying side rather than the selling. That he believes it’s still going along whilst Phil has said it’s stalled could tell us that they’re still interested in taking over but Evans is holding it up at this end. |
Matt Slater has stated in the past he gets most of his info from the USA. So he could easily be getting his info from Brett's counterparts |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 13:56 - Mar 30 with 3086 views | WeWereZombies |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:33 - Mar 30 by Beckets |
Strictly speaking it’s midnight 4 April |
5th April is the end of the tax year for individuals i.e. personal tax. For companies their liability is determined by their financial year end (except in the first and last years of registered trading I think, it is some years since I studied Corpration tax).
https://www.gov.uk/company-tax-returns
A quick Google reveals Gamechanger 20 are in their first year of operation, have a first year accounting date of 31st July 2021 and are due to file their tax accounts on 23rd April, 2022:
https://youcontrol.com.ua/en/catalog/gb-card/12763756/
Dang, I incorrectly gave Senator_Blue an uppie - and I have been posting pure gold for weeks now with nary a thumbs up. I feel like Mutley denied medals by Dick Dastardly... |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 13:58 - Mar 30 with 3059 views | PhilTWTD |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:36 - Mar 30 by DanTheMan |
My complete guess is that this is probably going to be the situation until after the season is finished.
We stay down, we get sold.
Go up and it's anyone's guess.
I base this on absolutely nothing. |
Certainly possible but not sure Gamechanger will wait around too long. The company wasn't formed to buy Town but to buy an English club and there are plenty of others they could move for. | | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:59 - Mar 30 with 3042 views | footers |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:36 - Mar 30 by DanTheMan |
My complete guess is that this is probably going to be the situation until after the season is finished.
We stay down, we get sold.
Go up and it's anyone's guess.
I base this on absolutely nothing. |
That would make the most sense, wouldn't it? ME thinks he's struck gold with Cook and so it's last chance saloon for him: get us up and have the extra ~£6m revenue to play with and all's forgotten; stay down and sell up, to fund a rebuild and finally admit his ownership has been a failure. Tough pill to swallow, so I do understand him there. |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 14:00 - Mar 30 with 3041 views | JackSted |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:58 - Mar 30 by PhilTWTD |
Certainly possible but not sure Gamechanger will wait around too long. The company wasn't formed to buy Town but to buy an English club and there are plenty of others they could move for. |
Just our luck if they end up getting Hull and within 5 years are an established Prem side  | |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 14:01 - Mar 30 with 3033 views | PhilTWTD |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:38 - Mar 30 by The_Flashing_Smile |
Me neither, although I have signed lots of NDAs. Unless you leaked something in physical form (like and email or a tweet, both of which would be pretty stupid), or some specific detail only certain people would know (again, which would be pretty stupid), it would be very difficult to prove who leaked what. And if a leak benefitted one party in some way, an NDA being in place won't stop it. |
Indeed, NDAs exist in plenty of situations and yet stuff still leaks. | | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 14:03 - Mar 30 with 3010 views | Charlie_pl_baxter |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:56 - Mar 30 by WeWereZombies |
5th April is the end of the tax year for individuals i.e. personal tax. For companies their liability is determined by their financial year end (except in the first and last years of registered trading I think, it is some years since I studied Corpration tax).
https://www.gov.uk/company-tax-returns
A quick Google reveals Gamechanger 20 are in their first year of operation, have a first year accounting date of 31st July 2021 and are due to file their tax accounts on 23rd April, 2022:
https://youcontrol.com.ua/en/catalog/gb-card/12763756/
Dang, I incorrectly gave Senator_Blue an uppie - and I have been posting pure gold for weeks now with nary a thumbs up. I feel like Mutley denied medals by Dick Dastardly... |
I suspect they would be more likely to move around the end of our FY though given the accounts of Gamechanger are likely to be pretty simple? |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 14:03 - Mar 30 with 3009 views | Dennyx4 |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:33 - Mar 30 by Beckets |
Strictly speaking it’s midnight 4 April |
May be a tax advantage to sell this tax year, if he has indeed made a significant loss due to Covid? |  | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 14:07 - Mar 30 with 2975 views | tractorboy1978 |
| The takeover by Gamechanger 20 Ltd - The training ground land on 13:59 - Mar 30 by footers |
That would make the most sense, wouldn't it? ME thinks he's struck gold with Cook and so it's last chance saloon for him: get us up and have the extra ~£6m revenue to play with and all's forgotten; stay down and sell up, to fund a rebuild and finally admit his ownership has been a failure. Tough pill to swallow, so I do understand him there. |
The issue is getting promoted actually costs him more money if he wants to have a competitive team that doesn't come straight back down - even accounting for increased revenue. We had a wage bill of about £19m when we got relegated. | | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 14:13 - Mar 30 with 2919 views | SitfcB |
| 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. |
Can you please stop bringing us down. |  |
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