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The takeover by Gamechanger 20 Ltd - The training ground land 23:56 - Mar 2 with 144292 viewsMuncher

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 00:05 - Mar 3 with 32282 viewsyoungy288

Wow @muncher, you would give Sherlock a run for his money.

Thanks for putting this together in a way that an everyday joe like myself can understand.

Fingers crossed for an exciting future ahead.
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The takeover by Gamechanger 20 Ltd - The training ground land on 00:06 - Mar 3 with 32233 viewsMarshalls_Mullet

Good work.

Just realised I read 4 paragraphs of legal advice... when does the invoice land?!

;-)
[Post edited 3 Mar 2021 0:07]

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The takeover by Gamechanger 20 Ltd - The training ground land on 00:13 - Mar 3 with 32173 viewsPhilTWTD

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The takeover by Gamechanger 20 Ltd - The training ground land on 00:16 - Mar 3 with 32140 viewsMuncher

The takeover by Gamechanger 20 Ltd - The training ground land on 00:13 - Mar 3 by PhilTWTD

Sent you a PM in case you've not spotted!


Replied Phil.
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The takeover by Gamechanger 20 Ltd - The training ground land on 00:16 - Mar 3 with 32117 viewsSpruceMoose

My Guy/Gal... What a post! Thank you.
[Post edited 3 Mar 2021 0:17]

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The takeover by Gamechanger 20 Ltd - The training ground land on 00:19 - Mar 3 with 32062 viewsMarshalls_Mullet

The takeover by Gamechanger 20 Ltd - The training ground land on 00:16 - Mar 3 by Muncher

Replied Phil.


C'mon guys, share with the room!

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The takeover by Gamechanger 20 Ltd - The training ground land on 00:20 - Mar 3 with 32053 viewsMarshalls_Mullet

Careful.... You'll get Phil's ban extended! Lol

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The takeover by Gamechanger 20 Ltd - The training ground land on 00:29 - Mar 3 with 31912 viewstextbackup

no idea what im looking at, but the address given seems to be like a shared office space in London.
that's not dodgy I assume?

We’ll be good again... one day
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The takeover by Gamechanger 20 Ltd - The training ground land on 00:29 - Mar 3 with 32033 viewsPhilTWTD

The takeover by Gamechanger 20 Ltd - The training ground land on 00:16 - Mar 3 by Muncher

Replied Phil.


Cheers, have replied!
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The takeover by Gamechanger 20 Ltd - The training ground land on 00:48 - Mar 3 with 31922 viewsPhilTWTD

The takeover by Gamechanger 20 Ltd - The training ground land on 00:19 - Mar 3 by Marshalls_Mullet

C'mon guys, share with the room!


To be honest not a huge amount to share that Muncher hasn't posted. I was aware of the Land Registry development to some extent but wasn't able to work out precisely what it meant until I saw his post.


Training Ground Subject of Land Registry Purchase Searches By Takeover Consortium 3rd Mar 2021 00:45
Gamechanger 20 Ltd, the company set up by the US consortium currently in the process of taking over Town, has made priority Land Registry searches relating to the purchase of the Blues’ training ground, a further indicator that the £30 million deal is nearing completion. 54

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The takeover by Gamechanger 20 Ltd - The training ground land on 07:01 - Mar 3 with 31299 viewsportmanking

The takeover by Gamechanger 20 Ltd - The training ground land on 00:48 - Mar 3 by PhilTWTD

To be honest not a huge amount to share that Muncher hasn't posted. I was aware of the Land Registry development to some extent but wasn't able to work out precisely what it meant until I saw his post.


Training Ground Subject of Land Registry Purchase Searches By Takeover Consortium 3rd Mar 2021 00:45
Gamechanger 20 Ltd, the company set up by the US consortium currently in the process of taking over Town, has made priority Land Registry searches relating to the purchase of the Blues’ training ground, a further indicator that the £30 million deal is nearing completion. 54



Phil - think there's a slight inaccuracy in your story. Mark Ashton isn't a director of Game hanger 20 from what I can see?
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The takeover by Gamechanger 20 Ltd - The training ground land on 07:10 - Mar 3 with 31129 viewsKeno


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The takeover by Gamechanger 20 Ltd - The training ground land on 07:19 - Mar 3 with 31065 viewsbluelagos

Blimey, that calls for a new end of year category of Twtd ITK award. And 2021 award seems like a done deal :-)

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The takeover by Gamechanger 20 Ltd - The training ground land on 07:21 - Mar 3 with 31087 viewsMuncher

The takeover by Gamechanger 20 Ltd - The training ground land on 07:01 - Mar 3 by portmanking

Phil - think there's a slight inaccuracy in your story. Mark Ashton isn't a director of Game hanger 20 from what I can see?


The 5 directors are:

Berke Bakay
Mark Detmer
Edward Schwartz
Michael O’Leary
Brett Johnson

Each are equal 25% shareholders, other than Schwartz who has no shares according to the current Persons with significant control register.
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The takeover by Gamechanger 20 Ltd - The training ground land on 07:23 - Mar 3 with 31062 viewsDurovigutum

Does anyone here remember how Ron Noades played Mark Goldberg by selling him Crystal Palace FC but not the ground (he may even have lent him the money to buy the club, IIRC)? This was the mess that Burley was at the tail end of. Having bits of land and the club in other hands is OK if it's small percentages, but it makes me a tad nervous - I'm sure (hope) our new people are a little more savvy...
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The takeover by Gamechanger 20 Ltd - The training ground land on 07:44 - Mar 3 with 30813 viewsCheltenham_Blue

The takeover by Gamechanger 20 Ltd - The training ground land on 07:21 - Mar 3 by Muncher

The 5 directors are:

Berke Bakay
Mark Detmer
Edward Schwartz
Michael O’Leary
Brett Johnson

Each are equal 25% shareholders, other than Schwartz who has no shares according to the current Persons with significant control register.


Schwartz having no shares would make sense. He's a lawyer that specialises in mergers an acquisitions. Probably part of the 'crew'

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The takeover by Gamechanger 20 Ltd - The training ground land on 07:55 - Mar 3 with 30746 viewsSomethingBlue

The takeover by Gamechanger 20 Ltd - The training ground land on 07:44 - Mar 3 by Cheltenham_Blue

Schwartz having no shares would make sense. He's a lawyer that specialises in mergers an acquisitions. Probably part of the 'crew'


Think you've got a different one, he's a real estate portfolio manager from Ohio.

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The takeover by Gamechanger 20 Ltd - The training ground land on 08:09 - Mar 3 with 30592 viewsMetal_Hacker

Beats my thread on my own LinkedIn account where a "professional" had reported the whole story ref the intended takeover and a piece on investment within European football from the Americans in general , to which B.Johnson does make comment on the story albeit a token reply back to a "mate" but all the same , a reply with a positive vibe

It's all happening

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The takeover by Gamechanger 20 Ltd - The training ground land on 08:20 - Mar 3 with 30427 viewsGeoffSentence

The takeover by Gamechanger 20 Ltd - The training ground land on 08:09 - Mar 3 by Metal_Hacker

Beats my thread on my own LinkedIn account where a "professional" had reported the whole story ref the intended takeover and a piece on investment within European football from the Americans in general , to which B.Johnson does make comment on the story albeit a token reply back to a "mate" but all the same , a reply with a positive vibe

It's all happening


Finally, Linkedin as been of some use and interest to me. He has liked a couple of other comments relating to the potential takeover and his involvment too.

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The takeover by Gamechanger 20 Ltd - The training ground land on 08:28 - Mar 3 with 30303 viewsHerbivore

Excellent research there, mate. I tip my hat to you.

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The takeover by Gamechanger 20 Ltd - The training ground land on 08:47 - Mar 3 with 30199 viewsFarmerpiles

Outstanding detective work . Can I just say thanks from all us Town fans for digging that gem up. ITK post of the year!
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The takeover by Gamechanger 20 Ltd - The training ground land on 09:09 - Mar 3 with 30039 viewsMuncher



What it shows for the Bent Lane site.
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The takeover by Gamechanger 20 Ltd - The training ground land on 20:17 - Mar 3 with 29241 viewsMuncher

One thing that I didn’t mention last night was that when you do a priority search of part, as was the case for Bent Lane you need to provide a land registry compliant plan showing exactly which part you are seeking to establish priority over. The only way you can properly do this is by using your proposed transfer plan when you carry out the search. This of course needs to be agreed with the seller, you can’t go down that route speculatively or on a whim.

In my view it is inconceivable negotiations with the US consortium have not reached a very advanced stage. If the deal isn’t happening the lawyers would be cancelling the searches. I don’t think the statement from Evans changes anything, I still think the deal is on and awaiting ratification by the EFL.
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The takeover by Gamechanger 20 Ltd - The training ground land on 20:19 - Mar 3 with 29196 viewsjeera

The takeover by Gamechanger 20 Ltd - The training ground land on 20:17 - Mar 3 by Muncher

One thing that I didn’t mention last night was that when you do a priority search of part, as was the case for Bent Lane you need to provide a land registry compliant plan showing exactly which part you are seeking to establish priority over. The only way you can properly do this is by using your proposed transfer plan when you carry out the search. This of course needs to be agreed with the seller, you can’t go down that route speculatively or on a whim.

In my view it is inconceivable negotiations with the US consortium have not reached a very advanced stage. If the deal isn’t happening the lawyers would be cancelling the searches. I don’t think the statement from Evans changes anything, I still think the deal is on and awaiting ratification by the EFL.


" The only way you can properly do this is by using your proposed transfer plan when you carry out the search. This of course needs to be agreed with the seller, you can’t go down that route speculatively or on a whim."

Then that's a significant point right there.

You can't just go around getting searches done on someone else land cos you fancy your chances.

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The takeover by Gamechanger 20 Ltd - The training ground land on 20:22 - Mar 3 with 29127 viewsDanTheMan

The takeover by Gamechanger 20 Ltd - The training ground land on 20:19 - Mar 3 by jeera

" The only way you can properly do this is by using your proposed transfer plan when you carry out the search. This of course needs to be agreed with the seller, you can’t go down that route speculatively or on a whim."

Then that's a significant point right there.

You can't just go around getting searches done on someone else land cos you fancy your chances.


Which is why the whole statement was so damn bizarre.

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