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Gervais Martel


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It is, googling previous ratifications tells you that it can take 2-3 months, as myself and countless people have posted on here, isn't that fair enough?

That is true other takeovers have taken 2-3 months so we shouldn't worry. But the club and Milan aren't doing themselves any favours when they keep telling us 'next week' and it's 'close' etc

Milan's last interview he said he hoped 'next week' and that was about 3 week ago now. When the shirt sponsorship was announced on the 11th July the official site said it hoped to be done in 'a few weeks' too, the OS might still be right but it's pushing it already now.

They shouldn't tell fans it's close if it's going to take 3 months.

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What would the statement say?

If Mammadov was pulling the plug we would be told.

The club aren't stupid, they know the fans are restless, no real movement in the transfer market, the takeover up in the air, the stuff going on at another club owned by HM (yes people say it's nothing to do with us but indirectly it definitely is relevant) .... Something is array and I think the fans have a right to know

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Oopsie! Domain name record was updated 18th July, so maybe he had to buy it back from some chancer. I might see if they need any help for a cost of EUR 10M

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The club aren't stupid, they know the fans are restless, no real movement in the transfer market, the takeover up in the air, the stuff going on at another club owned by HM (yes people say it's nothing to do with us but indirectly it definitely is relevant) .... Something is array and I think the fans have a right to know

 

I think you just have to see as "no news is good news" re this. It does mystify me the quietness but we lost all rights to communication the day MM bought/saved the club

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===================
A Z E R B A I J A N
===================


BAGHLAN GROUP: Fitch Assigns 'B-' Long-Term Issuer Default Rating
-----------------------------------------------------------------
Fitch Ratings has assigned Baghlan Group FZCO a Long-term foreign
currency Issuer Default Rating (IDR) of 'B-'. The Outlook is
Positive.

Baghlan is a privately owned, diversified Azerbaijani corporate
benefiting from the expected structural growth of the country
through its transport services, construction and oil & gas
activities. Although moderately leveraged for the rating category
recent investments into start-up oil and gas assets have
increased the debt quantum. The agency expects funds from
operations (FFO) gross leverage to remain below 2.5x into FY13.
Fitch expects on-going stability from its transport services
business to offset lumpy cash flow generation from its
construction segment. The oil and gas segment over FY13 & FY14 is
expected to be a modest drain on cash flows. However, the
potential for this unit to outperform and up-stream dividends to
the group - indicative of standalone strength - is a potential
positive rating event.

KEY RATING DRIVERS

Diversified Operating Segments:
The operating risk profile benefits from its diversified nature,
although the concentration on large contracts is a weak point.
Transport and logistics services benefit from strong domestic
market share, recurrent cash flow and privileged contracts with
government bodies. Construction is primarily focused on one large
civil works contract with a few more contracts in the order book
coming on-stream over the next few years. Although this business
risk exhibits a higher risk with volatile working capital
movements and fragmented market share, profit margins and growth
prospects are strong. Oil and gas operations are in a run-up
phase and still required financial support from the group,
although expected to be cash flow positive from FY15 onwards.

Stable Transport Services Unit:
As the leading freight agent in Azerbaijan this operating segment
requires minimal debt funding and has a solid track record of
generating reasonable free cash flow (FCF) for the rest of the
group to grow. This stability stems from Baghlan's leading
position as the key freight agent for Azerbaijani Railways
selling on its behalf around 60% of all freight volume through
the Azerbaijani railway network. The unit has high barriers to
entry with Baghlan benefiting from an exclusive medium term
contract with Azerbaijani Railways.

Real Estate Divestments:
Strong FY13 expected FCF generation is dependent on the disposal
of this portfolio of primarily residential, multi-purpose units
in central Baku. The positive impact on FCF of around AZN60m from
these divestitures would aid de-leveraging, although not required
to maintain consolidated FFO gross leverage below 2.5x for FY13.
Baghlan is currently in negotiations with investors and banks to
sell these units in block sales.

Volatile Working Capital Movements:
Solid P&L profits posted in recent years have not fully converted
into cash flow. Negative working capital outflows during 2011 and
2012 have led Baghlan to fund a working capital requirement of
around AZN181m as at FY12 (inventory plus current receivables
less current payables). Although working capital is likely to
become positive in 2013 and 2014 it is closely linked to
divesting real estate assets, receiving payment from deferred
consideration following the sale of a JV interest (AISBG) and
successful execution of their construction contracts. Receivables
risk is largely contained with the majority of receivables linked
to Azerbaijani state authorities.

Reduced Bank Debt Dependency:
As typically for a private Azerbaijani issuer, access to long
term bank funding is constrained by the relatively under-
developed banking market. Positively, Baghlan used the
international debt markets issuing a secured USD150m note in 2012
to fund the increased stake in their existing oil and gas
business. Baghlan continues to refinance its bank debt largely
with the International Bank of Azerbaijan ('BB'/Stable) that has
in recent years shown solid support for the domestic non-oil
sector.

RATING SENSITIVITIES:

Positive: Future developments that could lead to positive rating
actions include:

- Improved operating risk profile with reduced concentration on
   large single contracts.

- Positive working capital generation and successful divestment
   of real estate assets.

- Extension of existing debt maturities and diversifying sources
   of funding.

- Sustainable financial metrics with Fitch adjusted FFO gross
   leverage below 3.0x and FFO gross interest cover above 4.0x.

- Oil and gas activities to be self-sufficient and generate
   sustainable FCF to upstream dividends.

Negative: Future developments that could lead to negative rating
action include:

- Continued working capital outflows and increased requirement
   to use local bank funding.

- Failure to renew key contracts or loss of licenses in the
   Transport segment.

- Oil and gas activities to drain material cash flow from the
   overall group and /or an underperformance on the oil and gas
   segment.


BAGHLAN GROUP: S&P Assigns 'B' Corp. Rating; Outlook Stable
-----------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' long-term
corporate credit rating to Azerbaijan-based diversified company
Baghlan Group FZCO.  The outlook is stable.

The rating reflects S&P's assessment of Baghlan's business risk
as vulnerable and its financial risk as aggressive.

Baghlan generated Azerbaijan manat (AZN) 144 million (about
EUR137 million) in adjusted EBITDA in 2012.  It operates in five
key segments: freight forwarding, public transportation,
construction project management, equipment trading, and oil and
gas.

The rating is constrained by Baghlan's position as a small player
that relies heavily on a limited number of large contracts.
These are mainly in road construction for the government-related
Azeryolservice and in freight forwarding, where the company
enjoys a hefty 50% discount from Azerbaijan Railways thanks to
accumulating large transportation volumes.  Any changes to these
contracts could significantly affect Baghlan's profits or cash
flow, in S&P's view.  Baghlan also faces large working capital
fluctuations (notably related to the road construction project),
which may pressure cash flows and liquidity, despite some
cushioning from its back-to-back structuring with suppliers.
Lastly, Baghlan is undertaking a new oil and gas project that
will require sizable capital expenditures and may be subject to
execution risks.

The company has a concentrated shareholder structure, and S&P
believes that it may be subject to key man risk, as the company's
business may be exposed to the position of its core shareholder,
Mr.Hafiz Mammadov, in Azerbaijan's business and political
context. In addition, S&P considers that Baghlan is subject to
the risks of doing business in Azerbaijan, where it operates its
key activities.

On the upside, Baghlan benefits from diversification by business
segment and favorable profitability levels under its existing
contracts.  Azerbaijan's developing business environment
currently creates barriers to entry to Baghlan's key niche
markets, although this could change in the future.  Baghlan's
debt of AZN233 million on Dec. 31, 2012, is quite manageable.  In
S&P's base-case scenario, it assumes that the company will
maintain its generally prudent approach to leverage.  Baghlan's
invests in its oil and gas project via a production sharing
agreement, which helps it to share capital expenditures with its
partners and enables it to recover investments relatively quickly
when production increases are achieved.  The company's projects
in other segments require only small maintenance capital
expenditures.

The stable outlook reflects S&P's expectation that Baghlan will
maintain manageable liquidity over the next few years, and avoid
any further large working capital outlays or any deterioration in
the key terms of its largest contracts.  S&P expects Baghlan to
maintain healthy headroom under the covenant that limits its
ratio of debt to EBITDA at 2.5x.  S&P has not factored any major
debt-financed acquisitions into its base-case scenario.

S&P could consider lowering the rating on Baghlan if it observed
a squeeze on liquidity, a significant negative change in the
profitability of key contracts, or the company made large debt-
financed acquisitions.  S&P has not factored these possibilities
into its base-case scenario, however.

In S&P's view, rating upside is limited in the short to medium
term because of the company's limited size and the inherent high
volatility in its business.


MUGANBANK: S&P Affirms 'B-/C' Counterparty Ratings; Outlook Pos.
----------------------------------------------------------------
Standard & Poor's Ratings Services said it revised its outlook on
Azerbaijan's Muganbank to positive from stable.  At the same
time, S&P affirmed its 'B-/C' long- and short-term counterparty
credit ratings on the bank.

The outlook revision reflects S&P's view that the recent capital
increase will strengthen Muganbank's balance sheet and provide
the bank with the capacity to increase its competitive position
in the domestic market.  If well managed, this could improve the
bank's future core profitability, which was fairly weak in 2012.
Muganbank has recently benefited from an additional capital
increase of Azerbaijan manat (AZN) 10 million.  S&P expects the
bank to gradually become one of Azerbaijan's top 10 banks in
terms of loans and assets, and even higher in the ranking in
terms of net profit.

S&P notes that the bank has successfully developed relationships
with international financial institutions and government funds,
attracting less expensive funding facilities and therefore
improving its franchise and, potentially, its profitability
ratios.  S&P's affirmation of its 'C' short-term rating reflects
the inherent risks for a small bank with an undiversified
business model in a high risk country, and certain liquidity
risks.

"We base our ratings on Muganbank on a 'bb-' anchor for banks
operating predominantly in Azerbaijan, and our view of the bank's
"weak" business position, "adequate" capital and earnings,
"moderate" risk position, "average" funding, "adequate"
liquidity, and "low systemic importance" in Azerbaijan, as our
criteria define the terms," S&P noted.

"We view the bank's business position as weak because of its
small market share, persistent strategic uncertainties, and very
compact management team that is in danger of placing too much
importance on key individuals.  However, we think there is
potential for the bank's business position to improve.  The bank
is among Azerbaijan's top 15 financial institutions and had about
285 million AZN in assets on Dec. 31, 2012.  It mostly lends to
small and medium businesses.  We note that the bank's owners, who
are Azeri businessmen, are now looking to sell a stake to
external foreign investors, which adds some uncertainty regarding
the bank's future development.  If any sale happens, we will
review the bank and may take a rating action based on the new
owner's strategic priorities," S&P added.

S&P raised its assessment of the bank's capital and earnings to
"adequate" following the AZN 10 million cash injection at the end
of 2012.  S&P thinks that the bank's earnings are going to
recover after one-off provisioning needs incurred in 2012 that
influenced the bottom line results.  The bank's trends in net
interest margin and fee and commission income are positive, in
S&P's view.

The positive outlook reflects S&P's expectation that the bank
will continue to grow in its current market niche, and that its
core banking profitability will improve gradually and give it an
enhanced buffer to cushion credit costs.

S&P might consider a positive rating action if it saw that the
bank's market share was increasing enough to push it into the top
10 in terms of loans and assets without harming its financial
profile, notably its asset quality indicators.

S&P might revise the outlook back to stable if asset quality
deteriorated sharply, with non-performing loans reaching double
digits, although this is not S&P's base-case expectation.  S&P
could also consider a negative rating action if the funding
profile deteriorated significantly, leading to depressed
liquidity and loss of confidence among some large depositors.

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I think you just have to see as "no news is good news" re this. It does mystify me the quietness but we lost all rights to communication the day MM bought/saved the club

For me personally the concern is around knowing one way or another what the budget is, because SG clearly doesn't and that in turn is inevitably impacting our recruitment process which could potentially have a detrimental knock on effect to our season. We need to move forward, we need another good 5-6 quality players throughout the squad and without having a flounce we seem to be miles away from that happening, and I think that's down to the confusion over the ownership and ratification.

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===================[/size]A Z E R B A I J A N[/size]===================[/size]BAGHLAN GROUP: Fitch Assigns 'B-' Long-Term Issuer Default Rating[/size]-----------------------------------------------------------------[/size]Fitch Ratings has assigned Baghlan Group FZCO a Long-term foreign[/size]currency Issuer Default Rating (IDR) of 'B-'. The Outlook is[/size]Positive.[/size]Baghlan is a privately owned, diversified Azerbaijani corporate[/size]benefiting from the expected structural growth of the country[/size]through its transport services, construction and oil & gas[/size]activities. Although moderately leveraged for the rating category[/size]recent investments into start-up oil and gas assets have[/size]increased the debt quantum. The agency expects funds from[/size]operations (FFO) gross leverage to remain below 2.5x into FY13.[/size]Fitch expects on-going stability from its transport services[/size]business to offset lumpy cash flow generation from its[/size]construction segment. The oil and gas segment over FY13 & FY14 is[/size]expected to be a modest drain on cash flows. However, the[/size]potential for this unit to outperform and up-stream dividends to[/size]the group - indicative of standalone strength - is a potential[/size]positive rating event.[/size]KEY RATING DRIVERS[/size]Diversified Operating Segments:[/size]The operating risk profile benefits from its diversified nature,[/size]although the concentration on large contracts is a weak point.[/size]Transport and logistics services benefit from strong domestic[/size]market share, recurrent cash flow and privileged contracts with[/size]government bodies. Construction is primarily focused on one large[/size]civil works contract with a few more contracts in the order book[/size]coming on-stream over the next few years. Although this business[/size]risk exhibits a higher risk with volatile working capital[/size]movements and fragmented market share, profit margins and growth[/size]prospects are strong. Oil and gas operations are in a run-up[/size]phase and still required financial support from the group,[/size]although expected to be cash flow positive from FY15 onwards.[/size]Stable Transport Services Unit:[/size]As the leading freight agent in Azerbaijan this operating segment[/size]requires minimal debt funding and has a solid track record of[/size]generating reasonable free cash flow (FCF) for the rest of the[/size]group to grow. This stability stems from Baghlan's leading[/size]position as the key freight agent for Azerbaijani Railways[/size]selling on its behalf around 60% of all freight volume through[/size]the Azerbaijani railway network. The unit has high barriers to[/size]entry with Baghlan benefiting from an exclusive medium term[/size]contract with Azerbaijani Railways.[/size]Real Estate Divestments:[/size]Strong FY13 expected FCF generation is dependent on the disposal[/size]of this portfolio of primarily residential, multi-purpose units[/size]in central Baku. The positive impact on FCF of around AZN60m from[/size]these divestitures would aid de-leveraging, although not required[/size]to maintain consolidated FFO gross leverage below 2.5x for FY13.[/size]Baghlan is currently in negotiations with investors and banks to[/size]sell these units in block sales.[/size]Volatile Working Capital Movements:[/size]Solid P&L profits posted in recent years have not fully converted[/size]into cash flow. Negative working capital outflows during 2011 and[/size]2012 have led Baghlan to fund a working capital requirement of[/size]around AZN181m as at FY12 (inventory plus current receivables[/size]less current payables). Although working capital is likely to[/size]become positive in 2013 and 2014 it is closely linked to[/size]divesting real estate assets, receiving payment from deferred[/size]consideration following the sale of a JV interest (AISBG) and[/size]successful execution of their construction contracts. Receivables[/size]risk is largely contained with the majority of receivables linked[/size]to Azerbaijani state authorities.[/size]Reduced Bank Debt Dependency:[/size]As typically for a private Azerbaijani issuer, access to long[/size]term bank funding is constrained by the relatively under-[/size]developed banking market. Positively, Baghlan used the[/size]international debt markets issuing a secured USD150m note in 2012[/size]to fund the increased stake in their existing oil and gas[/size]business. Baghlan continues to refinance its bank debt largely[/size]with the International Bank of Azerbaijan ('BB'/Stable) that has[/size]in recent years shown solid support for the domestic non-oil[/size]sector.[/size]RATING SENSITIVITIES:[/size]Positive: Future developments that could lead to positive rating[/size]actions include:[/size]- Improved operating risk profile with reduced concentration on[/size]   large single contracts.[/size]- Positive working capital generation and successful divestment[/size]   of real estate assets.[/size]- Extension of existing debt maturities and diversifying sources[/size]   of funding.[/size]- Sustainable financial metrics with Fitch adjusted FFO gross[/size]   leverage below 3.0x and FFO gross interest cover above 4.0x.[/size]- Oil and gas activities to be self-sufficient and generate[/size]   sustainable FCF to upstream dividends.[/size]Negative: Future developments that could lead to negative rating[/size]action include:[/size]- Continued working capital outflows and increased requirement[/size]   to use local bank funding.[/size]- Failure to renew key contracts or loss of licenses in the[/size]   Transport segment.[/size]- Oil and gas activities to drain material cash flow from the[/size]   overall group and /or an underperformance on the oil and gas[/size]   segment.[/size]BAGHLAN GROUP: S&P Assigns 'B' Corp. Rating; Outlook Stable[/size]-----------------------------------------------------------[/size]Standard & Poor's Ratings Services assigned its 'B' long-term[/size]corporate credit rating to Azerbaijan-based diversified company[/size]Baghlan Group FZCO.  The outlook is stable.[/size]The rating reflects S&P's assessment of Baghlan's business risk[/size]as vulnerable and its financial risk as aggressive.[/size]Baghlan generated Azerbaijan manat (AZN) 144 million (about[/size]EUR137 million) in adjusted EBITDA in 2012.  It operates in five[/size]key segments: freight forwarding, public transportation,[/size]construction project management, equipment trading, and oil and[/size]gas.[/size]The rating is constrained by Baghlan's position as a small player[/size]that relies heavily on a limited number of large contracts.[/size]These are mainly in road construction for the government-related[/size]Azeryolservice and in freight forwarding, where the company[/size]enjoys a hefty 50% discount from Azerbaijan Railways thanks to[/size]accumulating large transportation volumes.  Any changes to these[/size]contracts could significantly affect Baghlan's profits or cash[/size]flow, in S&P's view.  Baghlan also faces large working capital[/size]fluctuations (notably related to the road construction project),[/size]which may pressure cash flows and liquidity, despite some[/size]cushioning from its back-to-back structuring with suppliers.[/size]Lastly, Baghlan is undertaking a new oil and gas project that[/size]will require sizable capital expenditures and may be subject to[/size]execution risks.[/size]The company has a concentrated shareholder structure, and S&P[/size]believes that it may be subject to key man risk, as the company's[/size]business may be exposed to the position of its core shareholder,[/size]Mr.Hafiz Mammadov, in Azerbaijan's business and political[/size]context. In addition, S&P considers that Baghlan is subject to[/size]the risks of doing business in Azerbaijan, where it operates its[/size]key activities.[/size]On the upside, Baghlan benefits from diversification by business[/size]segment and favorable profitability levels under its existing[/size]contracts.  Azerbaijan's developing business environment[/size]currently creates barriers to entry to Baghlan's key niche[/size]markets, although this could change in the future.  Baghlan's[/size]debt of AZN233 million on Dec. 31, 2012, is quite manageable.  In[/size]S&P's base-case scenario, it assumes that the company will[/size]maintain its generally prudent approach to leverage.  Baghlan's[/size]invests in its oil and gas project via a production sharing[/size]agreement, which helps it to share capital expenditures with its[/size]partners and enables it to recover investments relatively quickly[/size]when production increases are achieved.  The company's projects[/size]in other segments require only small maintenance capital[/size]expenditures.[/size]The stable outlook reflects S&P's expectation that Baghlan will[/size]maintain manageable liquidity over the next few years, and avoid[/size]any further large working capital outlays or any deterioration in[/size]the key terms of its largest contracts.  S&P expects Baghlan to[/size]maintain healthy headroom under the covenant that limits its[/size]ratio of debt to EBITDA at 2.5x.  S&P has not factored any major[/size]debt-financed acquisitions into its base-case scenario.[/size]S&P could consider lowering the rating on Baghlan if it observed[/size]a squeeze on liquidity, a significant negative change in the[/size]profitability of key contracts, or the company made large debt-[/size]financed acquisitions.  S&P has not factored these possibilities[/size]into its base-case scenario, however.[/size]In S&P's view, rating upside is limited in the short to medium[/size]term because of the company's limited size and the inherent high[/size]volatility in its business.[/size]MUGANBANK: S&P Affirms 'B-/C' Counterparty Ratings; Outlook Pos.[/size]----------------------------------------------------------------[/size]Standard & Poor's Ratings Services said it revised its outlook on[/size]Azerbaijan's Muganbank to positive from stable.  At the same[/size]time, S&P affirmed its 'B-/C' long- and short-term counterparty[/size]credit ratings on the bank.[/size]The outlook revision reflects S&P's view that the recent capital[/size]increase will strengthen Muganbank's balance sheet and provide[/size]the bank with the capacity to increase its competitive position[/size]in the domestic market.  If well managed, this could improve the[/size]bank's future core profitability, which was fairly weak in 2012.[/size]Muganbank has recently benefited from an additional capital[/size]increase of Azerbaijan manat (AZN) 10 million.  S&P expects the[/size]bank to gradually become one of Azerbaijan's top 10 banks in[/size]terms of loans and assets, and even higher in the ranking in[/size]terms of net profit.[/size]S&P notes that the bank has successfully developed relationships[/size]with international financial institutions and government funds,[/size]attracting less expensive funding facilities and therefore[/size]improving its franchise and, potentially, its profitability[/size]ratios.  S&P's affirmation of its 'C' short-term rating reflects[/size]the inherent risks for a small bank with an undiversified[/size]business model in a high risk country, and certain liquidity[/size]risks.[/size]"We base our ratings on Muganbank on a 'bb-' anchor for banks[/size]operating predominantly in Azerbaijan, and our view of the bank's[/size]"weak" business position, "adequate" capital and earnings,[/size]"moderate" risk position, "average" funding, "adequate"[/size]liquidity, and "low systemic importance" in Azerbaijan, as our[/size]criteria define the terms," S&P noted.[/size]"We view the bank's business position as weak because of its[/size]small market share, persistent strategic uncertainties, and very[/size]compact management team that is in danger of placing too much[/size]importance on key individuals.  However, we think there is[/size]potential for the bank's business position to improve.  The bank[/size]is among Azerbaijan's top 15 financial institutions and had about[/size]285 million AZN in assets on Dec. 31, 2012.  It mostly lends to[/size]small and medium businesses.  We note that the bank's owners, who[/size]are Azeri businessmen, are now looking to sell a stake to[/size]external foreign investors, which adds some uncertainty regarding[/size]the bank's future development.  If any sale happens, we will[/size]review the bank and may take a rating action based on the new[/size]owner's strategic priorities," S&P added.[/size]S&P raised its assessment of the bank's capital and earnings to[/size]"adequate" following the AZN 10 million cash injection at the end[/size]of 2012.  S&P thinks that the bank's earnings are going to[/size]recover after one-off provisioning needs incurred in 2012 that[/size]influenced the bottom line results.  The bank's trends in net[/size]interest margin and fee and commission income are positive, in[/size]S&P's view.[/size]The positive outlook reflects S&P's expectation that the bank[/size]will continue to grow in its current market niche, and that its[/size]core banking profitability will improve gradually and give it an[/size]enhanced buffer to cushion credit costs.[/size]S&P might consider a positive rating action if it saw that the[/size]bank's market share was increasing enough to push it into the top[/size]10 in terms of loans and assets without harming its financial[/size]profile, notably its asset quality indicators.[/size]S&P might revise the outlook back to stable if asset quality[/size]deteriorated sharply, with non-performing loans reaching double[/size]digits, although this is not S&P's base-case expectation.  S&P[/size]could also consider a negative rating action if the funding[/size]profile deteriorated significantly, leading to depressed[/size]liquidity and loss of confidence among some large depositors.[/size]

Will read later over a pint.

lol

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For me personally the concern is around knowing one way or another what the budget is, because SG clearly doesn't and that in turn is inevitably impacting our recruitment process which could potentially have a detrimental knock on effect to our season. We need to move forward, we need another good 5-6 quality players throughout the squad and without having a flounce we seem to be miles away from that happening, and I think that's down to the confusion over the ownership and ratification.

 

I guess the gamble is that we manage to tread water until ratification is approved or declined. Then we see which was forward we move. Rubbish isnt it

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The club obviously know fans are worried by all this.

 

Therefore the fact the club haven't said anything means they can't or there is nothing to say.

 

The missus was worried about popping a sprog, but I managed words of encouragement instead of keeping quiet cos I couldn't do anything. It's EXACTLY the same.

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Oopsie! Domain name record was updated 18th July, so maybe he had to buy it back from some chancer. I might see if they need any help for a cost of EUR 10M

 

I don't think they would need any from you 

 

http://whois.domaintools.com/baghlangroup.com

 

Domain expires 17 02 2015 and then you get a 3 month period to get it back before anyone else can nab it .

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Won't be surprised if this whole thing falls apart.

 

I have to admit I agree - the longer it goes on, the more chance of it not going though..There are clearly big problems, we are just in the dark as to what they are.   All the speculation on the boards is what it is..just rumour.

 

Not a great place to be prior to the sart of the season

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