| The takeover by Gamechanger 20 Ltd - The training ground land 23:56 - Mar 2 with 164495 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 17:17 - Mar 30 with 9830 views | Charlie_pl_baxter |
| The takeover by Gamechanger 20 Ltd - The training ground land on 17:12 - Mar 30 by PhilTWTD |
I think that's where it's at as I see it too, although not sure whether the EFL have rubberstamped, even if the matter has been with them for a number of weeks now. I don't think much more should be read into the new searches beyond where we were with the previous ones, other than confirmation that the deal isn't dead.
This post has been edited by an administrator |
Regarding Evans desire to sell, I wonder how things might have been different if we had had crowds in? Months of vocal fan discontent may have taken the enjoyment out of Evans ownership for him. |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 17:17 - Mar 30 with 9835 views | Muncher |
| The takeover by Gamechanger 20 Ltd - The training ground land on 17:09 - Mar 30 by Charlie_pl_baxter |
Sounds like they were just getting in early with renewing searches to keep the deal alive. My speculation is that everything has been approved by the EFL etc and it has all come back to the price and/or Evans willingness to sell the club. This way the buyers can stay in a position to rapidly complete should anything move in this area. Muncher does that sound plausible? |
I think the property lawyers at Gateleys are laying the groundwork to get the deal done, should the corporate lawyers have a deal ready to complete.
The property lawyers wouldn't have renewed the searches without a bit of a heads up from their corporate colleagues that something may happen, unless they are being overly cautious due to them being away on holiday over easter and wanting it set up in their absence to complete with minimal input from them.
I can only go by what I see from my experience, in isolation I would say the renewed searches make something look imminent but Phil clearly has better sources than I do. | | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 17:21 - Mar 30 with 9796 views | Ewan_Oozami |
| The takeover by Gamechanger 20 Ltd - The training ground land on 17:17 - Mar 30 by Muncher |
I think the property lawyers at Gateleys are laying the groundwork to get the deal done, should the corporate lawyers have a deal ready to complete.
The property lawyers wouldn't have renewed the searches without a bit of a heads up from their corporate colleagues that something may happen, unless they are being overly cautious due to them being away on holiday over easter and wanting it set up in their absence to complete with minimal input from them.
I can only go by what I see from my experience, in isolation I would say the renewed searches make something look imminent but Phil clearly has better sources than I do. |
He said "imminent" - is that allowed??? |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 17:22 - Mar 30 with 9789 views | PhilTWTD |
| The takeover by Gamechanger 20 Ltd - The training ground land on 17:17 - Mar 30 by Charlie_pl_baxter |
Regarding Evans desire to sell, I wonder how things might have been different if we had had crowds in? Months of vocal fan discontent may have taken the enjoyment out of Evans ownership for him. |
It's a fair point, you don't know how much more visible and vocal pressure might have impacted upon his feelings about owning the club. |  | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 17:27 - Mar 30 with 9762 views | jeera |
| The takeover by Gamechanger 20 Ltd - The training ground land on 17:21 - Mar 30 by Ewan_Oozami |
He said "imminent" - is that allowed??? |
I thought that was copyrighted. |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 17:50 - Mar 30 with 9671 views | Charlie_pl_baxter |
| The takeover by Gamechanger 20 Ltd - The training ground land on 17:17 - Mar 30 by Muncher |
I think the property lawyers at Gateleys are laying the groundwork to get the deal done, should the corporate lawyers have a deal ready to complete.
The property lawyers wouldn't have renewed the searches without a bit of a heads up from their corporate colleagues that something may happen, unless they are being overly cautious due to them being away on holiday over easter and wanting it set up in their absence to complete with minimal input from them.
I can only go by what I see from my experience, in isolation I would say the renewed searches make something look imminent but Phil clearly has better sources than I do. |
Maybe worth bearing in mind that the school holidays do extend past the 8th, perhaps its as simple as the relevant person being on leave that week! | |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 19:43 - Mar 30 with 9373 views | TheBoyBlue |
You watch. The takeover will get announced on 1st April and none of us will notice because we all think it's a joke! | |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 20:12 - Mar 30 with 9246 views | PhilTWTD |
| The takeover by Gamechanger 20 Ltd - The training ground land on 19:43 - Mar 30 by TheBoyBlue |
You watch. The takeover will get announced on 1st April and none of us will notice because we all think it's a joke! |
Hmm, this is very tempting. | | | |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 20:17 - Mar 30 with 9217 views | Keno |
| The takeover by Gamechanger 20 Ltd - The training ground land on 20:12 - Mar 30 by PhilTWTD |
Hmm, this is very tempting. |
I thought you had the Town sign Aguero story linked up for that day? |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 20:32 - Mar 30 with 9153 views | Coastalblue |
| The takeover by Gamechanger 20 Ltd - The training ground land on 20:12 - Mar 30 by PhilTWTD |
Hmm, this is very tempting. |
That's wicked, and judging by some of the posts on here I'm not sure you'd want to be responsible for what followed. |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 20:51 - Mar 30 with 9054 views | ArnieM |
| The takeover by Gamechanger 20 Ltd - The training ground land on 20:12 - Mar 30 by PhilTWTD |
Hmm, this is very tempting. |
Lol ..,..
I think it’ll coincide with end of tax year for some reason. I’m not a business person but wondered if there would tax advantages to completing before the new tax year starts . |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 20:53 - Mar 30 with 9046 views | DinnernotTea |
| The takeover by Gamechanger 20 Ltd - The training ground land on 17:12 - Mar 30 by PhilTWTD |
I think that's where it's at as I see it too, although not sure whether the EFL have rubberstamped, even if the matter has been with them for a number of weeks now. I don't think much more should be read into the new searches beyond where we were with the previous ones, other than confirmation that the deal isn't dead.
This post has been edited by an administrator |
Phil from the sources you have do you have any idea what Cook means by saying "Ipswich fans will be excited by what's happening behind the scenes?" Or something like that! Seems a bold statement week 1 into the job. | |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 21:29 - Mar 30 with 8902 views | PhilTWTD |
| The takeover by Gamechanger 20 Ltd - The training ground land on 20:53 - Mar 30 by DinnernotTea |
Phil from the sources you have do you have any idea what Cook means by saying "Ipswich fans will be excited by what's happening behind the scenes?" Or something like that! Seems a bold statement week 1 into the job. |
Not precisely. I assumed it was just him saying there was a lot of work going on rather than any specific big thing, unless he was referring to the takeover but I wouldn't have thought he would have been. | | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 22:03 - Mar 30 with 8764 views | Plums |
| The takeover by Gamechanger 20 Ltd - The training ground land on 20:53 - Mar 30 by DinnernotTea |
Phil from the sources you have do you have any idea what Cook means by saying "Ipswich fans will be excited by what's happening behind the scenes?" Or something like that! Seems a bold statement week 1 into the job. |
They’ve painted the turnstiles again |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 08:10 - Mar 31 with 8334 views | gordon |
| The takeover by Gamechanger 20 Ltd - The training ground land on 20:51 - Mar 30 by ArnieM |
Lol ..,..
I think it’ll coincide with end of tax year for some reason. I’m not a business person but wondered if there would tax advantages to completing before the new tax year starts . |
For corporations it's the accounting year that's relevant, for most football clubs it's 30th June I think. |  | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 08:37 - Mar 31 with 8244 views | Cheltenham_Blue |
| The takeover by Gamechanger 20 Ltd - The training ground land on 21:29 - Mar 30 by PhilTWTD |
Not precisely. I assumed it was just him saying there was a lot of work going on rather than any specific big thing, unless he was referring to the takeover but I wouldn't have thought he would have been. |
Fans don't normally get excited over a new player recruitment philosophy.
I can understand why people are analysing this, maybe Cook phrased it wrong, but he's been in football a while and will know that fans only get excited over major things, not structural changes to the club.
I suspect it was just a bad turn of phrase...
Or he's met the new owners. |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 08:55 - Mar 31 with 8152 views | JackSted |
| The takeover by Gamechanger 20 Ltd - The training ground land on 08:37 - Mar 31 by Cheltenham_Blue |
Fans don't normally get excited over a new player recruitment philosophy.
I can understand why people are analysing this, maybe Cook phrased it wrong, but he's been in football a while and will know that fans only get excited over major things, not structural changes to the club.
I suspect it was just a bad turn of phrase...
Or he's met the new owners. |
I think in one of Cook's first interviews as Town boss he said something along the lines of "fans can be very excited about what the club is about to do". To me that's gotta be about the takeover right? [Post edited 31 Mar 2021 8:56]
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| The takeover by Gamechanger 20 Ltd - The training ground land on 09:40 - Mar 31 with 7986 views | Herbivore |
| The takeover by Gamechanger 20 Ltd - The training ground land on 08:55 - Mar 31 by JackSted |
I think in one of Cook's first interviews as Town boss he said something along the lines of "fans can be very excited about what the club is about to do". To me that's gotta be about the takeover right? [Post edited 31 Mar 2021 8:56]
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Why? |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 09:49 - Mar 31 with 7935 views | JackSted |
| The takeover by Gamechanger 20 Ltd - The training ground land on 09:40 - Mar 31 by Herbivore |
Why? |
What else could he be talking about in that context maybe?
Or maybe he just muddled his words and it wasn't meant to be said like that | |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 09:52 - Mar 31 with 7917 views | ArnieM |
| The takeover by Gamechanger 20 Ltd - The training ground land on 08:10 - Mar 31 by gordon |
For corporations it's the accounting year that's relevant, for most football clubs it's 30th June I think. |
Ah ok thank you for that little nugget of info . Much appreciated 👠| |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 09:53 - Mar 31 with 7911 views | RadioOrwell |
| The takeover by Gamechanger 20 Ltd - The training ground land on 09:40 - Mar 31 by Herbivore |
Why? |
Describe a thing that justifies the statement "fans can be very excited about what the club is about to do".
Re painting something doesn't count.
Practicing corners doesn't count.
Judge starting doesn't count.
Finishing 7th doesn't count. |  | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 10:02 - Mar 31 with 7847 views | abracaDOBRA_ |
| The takeover by Gamechanger 20 Ltd - The training ground land on 09:49 - Mar 31 by JackSted |
What else could he be talking about in that context maybe?
Or maybe he just muddled his words and it wasn't meant to be said like that |
FWIW I thought the same as you, the way he said it made me think of the takeover. Maybe we were just overthinking it, or he was talking as if it was about to happen but obviously things can (and have possibly) changed since then |  | | |
| The takeover by Gamechanger 20 Ltd - The training ground land on 10:05 - Mar 31 with 5311 views | WeWereZombies |
| The takeover by Gamechanger 20 Ltd - The training ground land on 10:02 - Mar 31 by abracaDOBRA_ |
FWIW I thought the same as you, the way he said it made me think of the takeover. Maybe we were just overthinking it, or he was talking as if it was about to happen but obviously things can (and have possibly) changed since then |
I suspect that you are overthinking it, it could just as likely be about a summer of existing players released and four or five new signings. Or bringing in Leam Richardson and other back room staff from Wigan. |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 10:09 - Mar 31 with 5295 views | footers |
| The takeover by Gamechanger 20 Ltd - The training ground land on 10:05 - Mar 31 by WeWereZombies |
I suspect that you are overthinking it, it could just as likely be about a summer of existing players released and four or five new signings. Or bringing in Leam Richardson and other back room staff from Wigan. |
It'll be a new five-year contract with Brakes Brothers and the unveiling of an improved Portman Pie. Def info. |  |
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| The takeover by Gamechanger 20 Ltd - The training ground land on 10:10 - Mar 31 with 5285 views | Herbivore |
| The takeover by Gamechanger 20 Ltd - The training ground land on 09:49 - Mar 31 by JackSted |
What else could he be talking about in that context maybe?
Or maybe he just muddled his words and it wasn't meant to be said like that |
There's loads of things he could be talking about. | |
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