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Newcastle United: Club Sold To PCP - Official


The Mighty Hog
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Caulkin reckons a decision from the PL might be made tomorrow and then it’s just about Ashley getting the money.

Guess Ashley might want cash so he can put it into Sports Direct plastic bags.

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Reading other forums (ahem), twitter etc, it’s amazing just how many folk think that the transfer of £300 million is like hoying a cheque for fifty quid into the bank and hoping it’s cleared by Saturday.  

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  On 29/04/2020 at 08:19, Dougle said:

Reading other forums (ahem), twitter etc, it’s amazing just how many folk think that the transfer of £300 million is like hoying a cheque for fifty quid into the bank and hoping it’s cleared by Saturday.  

 

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Saw somewhere (twitter) that this transfer would use SWIFT? apparently can go through in less than 30 minutes.

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  On 29/04/2020 at 08:33, ewerk said:

Transferring money when I was buying my house was a fucking nightmare and it only cost 1% of what the club is being sold for.

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It may have looked that way from your point of view as a client/customer but to the solicitors involved in the actual transfer itself, once contracts have been exchanged and a date for completion agreed, the transaction, usually by say CHAPS (Clearing House Automated Payment System) will be done on that day, depending on how busy the system is funds can turn up as soon as sent.

I’m not saying that’s how it’ll be for a 300 mil football club like, but I would assume not many folk would be happy with their £300 million floating around in the financial ether unaccounted for three or four days.

Edited by Dougle
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  On 29/04/2020 at 08:53, Dougle said:

 

It may have looked that way from your point of view as a client/customer but to the solicitors involved in the actual transfer itself, once contracts have been exchanged and a date for completion agreed, the transaction, usually by say CHAPS (Clearing House Automated Payment System) will be done on that day, depending on how busy the system is funds can turn up as soon as sent.

I’m not saying that’s how it’ll be for a 300 mil football club like, but I would assume not many folk would be happy with their £300 million floating around in the financial ether unaccounted for three or four days.

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I was only using it as an excuse to brag about my imaginary £3m mansion tbf.

 

 

In reality I live in a one room bedsit in London. It only cost £2.5m. :( 

Edited by ewerk
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  • Tom changed the title to Newcastle United: Club Sold To PCP - Official

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