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Post by Macmoish on Nov 3, 2012 8:06:59 GMT
Birmingham Mail Birmingham City takeover: Paladini consortium to be told if bid is successful within next seven days 3 Nov 2012 07:30 Gianni Paladini’s consortium are keen to be granted a period of exclusivity so they can implement financial due diligence. Share on print Share on email St Andrew's stadium, home of Birmingham City The frontrunners in the race to buy Birmingham City should know if their £30 million bid is successful by early next week. The Italian-backed consortium, fronted by Solihull businessman Gianni Paladini, has submitted the formal offer to try to seize control from Carson Yeung. Peter Pannu, Blues’ acting chairman and boss of parent company Birmingham International Holdings Limited (BIHL), is sifting through the fine details. But shareholders in BIHL will see more than £50 million of the original investment wiped out if they sell the club to the Paladini consortium. Pannu will consult with Blues president Mr Yeung this weekend and the board of BIHL and will also ascertain whether the other interested party, a Chinese-Hong Kong consortium, wants to make a counter-offer. Gianni Paladini The Italians came back in with an improved bid, based on an initial £17 million down payment, and put it in writing, as requested of them. It was a significant move in the battle for Blues that showed they mean business. Negotiations with various groups have been ongoing for several weeks. But a potential Indian buyer has cooled and appears not to want to make a formal move – if one at all – until after Mr Yeung’s court case. Mr Yeung goes on trial over alleged money laundering worth £59.7 million at the end of the month. He purchased Blues, through Grandtop International, which is now BIHL, in a £81.5 million deal in October 2009. Peter Pannu But there is no way he nor the rest of the BIHL shareholders could hope to recoup that much. Chronic financial problems at BIHL, plus Yeung’s assets freeze order when he was arrested, have seen the standing of the firm plummet and Blues have to sell some players in order to continue as a going concern. Most observers seem to value BIHL’s 96 per cent stake in Blues at around £15 million. Blues owe Mr Yeung £13.7 million for a loan and a further £7.8 million to BIHL. Mr Paladini’s group are keen to be granted a period of exclusivity so they can implement financial due diligence. Any change in the ownership of Blues would not happen in days, more likely months. If Mr Pannu, as the BIHL chief executive officer and managing director, recommends to shareholders that they should sell to the Italians, an EGM would have to be called. Football finance expert Peter Knowles said Birmingham International Holdings’ investors could grab the opportunity to recoup some of the losses following the ill-fated tenure. “I would have thought that in the circumstances they would like to get some of their money back. BIHL do not appear to have any money so may well need money to survive,’’ he said. “I can’t say if £30 million is realistic, but in the context of what people pay for football clubs, it does not seem that much. ‘‘If this bid goes through, they are going to lose nearly two-thirds of what was put in. Any timescale would be as quick as they want to get their fingers out.” www.birminghammail.net/news/birmingham-city-takeover-gianni-paladini-283034
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Post by Macmoish on Nov 3, 2012 8:07:37 GMT
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Post by Lonegunmen on Nov 4, 2012 7:25:49 GMT
Gianni Paladini, Genuine Port Vale Fan?
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Post by Macmoish on Nov 5, 2012 8:14:40 GMT
Gianni's Friend/ex-associate, Mel Eves Birmingham Mail Mel Eves: Gianni Paladini is very happy with how bid for Birmingham City is progressing 4 Nov 2012 11:35 Takeover saga at Birmingham City needs to end so Lee Clark can do his job Share on print Share on email Mel Eves The race for ownership of Birmingham City seems to be hotting up, with the Italian consortium fronted by Solihull businessman Gianni Paladini seemingly at the front of the queue. The Paladini group, which first made their interest in Blues known back in September, put in a formal written offer of £30 million this week. Gianni has been a friend of mine for nearly 30 years and having spoken to him this week, I can say that he is hopeful that the bid to buy Blues will come to fruition. I can also say that he is very pleased with the way Blues’ acting chairman Peter Pannu has dealt with the discussions between the two parties. These things are never done until they are done, but I understand the Paladini group are happy with progress so far. Let’s hope that this whole saga, which can’t have helped Blues boss Lee Clark concentrate on matters on the pitch at a time when the team are struggling to find the consistent form they are well capable of, can be resolved as soon as possible. www.birminghammail.net/sport/sport-opinion/mel-eves-gianni-paladini-is-very-285004
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Post by Macmoish on Nov 5, 2012 17:45:13 GMT
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Post by Lonegunmen on Nov 6, 2012 0:21:00 GMT
I wonder how much of his own money he is fronting up with?? DID he ever pay back the interest free loan from our club? Did he ever contribute to the 850k fine HE caused??
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Post by Macmoish on Nov 14, 2012 23:28:45 GMT
Here's...Gianni TELEGRAPH
Gianni Paladini wants to complete Birmingham takeover deal within 10 days Gianni Paladini is facing a race against time to complete his Birmingham takeover and avoid the sale of England goalkeeper Jack Butland in January.Gianni Paladini (right) with Flavio Briatore during the former's time as QPR chairman Making his point: Gianni Paladini (right) with Flavio Briatore during the former's time as QPR chairman Photo: GETTY IMAGES John Percy By John Percy GMT 14 Nov 2012 Paladini and his Italian consortium are edging closer towards a £30million deal and remain hopeful of buying the Championship club by the end of next week. But Birmingham owner Carson Yeung is yet to officially accept the former Queens Park Rangers chairman's second bid and could still reject it. Paladini's lawyers have paid £60,000 to look through the books at St Andrew's and are confident of reaching a resolution, with Birmingham facing the prospect of selling Butland if a takeover is not completed by the start of next year. Nikola Zigic's £55,000 a week wages are a substantial drain on finances and the lack of cash means Butland will almost certainly have to be sold to keep the club going if Paladini's bid fails. Butland, 19, has emerged as one of the most sought after young goalkeepers in Europe. Southampton failed with a £6million bid in the summer. The Premier League strugglers remain interested, while Manchester City, Liverpool and Tottenham Hotspur are also keen. But Butland's sale will be averted if Paladini's takeover is completed before the January transfer window. The Italian is determined to offer the teenager a new contract. He told the Telegraph Sport: "We want to get a deal done very soon because we don't want to lose any players in January. I am hopeful that we can get something agreed within the next ten days. "I still believe Birmingham can get into the play-offs and our intention is to sign four or five players in the transfer window to strengthen the squad. "We have spent a lot of money trying to get this completed and are currently looking through the books. Our intentions in buying Birmingham have never wavered, we want it done, and we are keen to get it all sorted by the end of next week." Birmingham will have to call an Extraordinary General Meeting if they do accept the bid, which is likely to delay the process further, before granting Paladini exclusivity. Yeung is facing money laundering charges in Hong Kong and has left the sale of the club to Peter Pannu, the acting chairman. Yeung's parent company Birmingham International Holdings Limited own a 96% stake and have failed to publish their figures for the last two years. www.telegraph.co.uk/sport/football/teams/birmingham-city/9679230/Gianni-Paladini-wants-to-complete-Birmingham-takeover-deal-within-10-days.html
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Post by Lonegunmen on Nov 15, 2012 10:46:39 GMT
The lawyers have paid it, not Gianni.
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Post by Macmoish on Nov 15, 2012 21:46:45 GMT
Gianni Foiled/Screwed again? MAIL Don't treat me like an idiot! Paladini blasts Birmingham chief Pannu after takeover snub By NEIL MOXLEY PUBLISHED: 13:23 EST, 15 November 2012 | UPDATED: 13:23 EST, 15 November 2012 Gianni Paladini has accused Birmingham City's acting chairman Peter Pannu of treating him like 'an idiot' after the Italian's £29.7m offer to buy the Championship club collapsed. The former chief executive of QPR had tabled a bid to purchase the Blues from Carson Yeung and had been undertaking due diligence with a view to completing the deal in the next fortnight. Upset: Gianni Paladini But Pannu on Wednesday surprisingly issued a statement flatly denying that any talks had taken place between the two parties, a move that sparked a furious response from the former agent. Paladini maintained that he had proof that the deal was some way down the line and even said agreement had been reached over Pannu's cut - understood to be in excess of £2m - as evidence that the two sides had been in negotiations. Pannu, who in Yeung's absence is the decision-maker at St Andrew's, said: 'There are no active negotiations with the group involving Gianni Paladini or any of his associates. 'Should there be any agreement reached, there should be formal announcements made in Hong Kong and also in the UK.' Paladini expressed his fury at the snub and was dumbfounded by Pannu's denial that there had even been any contact between potential buyer and sell. Former agent Paladini said: 'His statement makes us look like idiots. We have agreed a price and everything. 'He (Pannu) doesn't want to talk to us. So we are pulling out of the deal. I'm very disappointed, but what can I do? 'The only way the deal can be revived is for him to take our deal. 'If he doesn't see that, there's nothing I can do. And if he doesn't want to sell there's nothing I can do. 'But I can show you proof that we have talked. I even reached an agreement with his lawyer about his commission. 'So what's he talking about? 'We want to be in before he sells all the players in January. I don't want to come in February when the club is in a right mess. 'I'm disappointed for the fans. We have worked hard to make this deal happen. Mr Pannu doesn't want to sell. He knows the deal - everything has been agreed. What else can I do? 'I'm very disappointed. We have been working on this for three months. I was looking forward to it. I could have done a fantastic deal for the club.' More... Birmingham prepared to sell Butland if Paladini's takeover falls through The Football Hit Parade: As the UK Top 40 celebrates its 60th birthday, we take a look at the best (and worst) footie songs www.dailymail.co.uk/sport/football/article-2233530/Gianni-Paladini-blasts-Birmingham-City-chief-Peter-Pannu-takeover-snub.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490
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Post by Deleted on Nov 15, 2012 22:18:09 GMT
lets hope it gets sorted, I want to see Paladini back
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Post by Lonegunmen on Nov 16, 2012 0:24:38 GMT
Somewhere out there Gianni, a Village is searching for you.
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Post by Macmoish on Nov 16, 2012 7:47:55 GMT
Or maybe it's back on again.... Birmingham City getting a "Foretaste" of their forthcoming "Era" Birmingham Mail By Colin Tattum, Matt Lloyd 6 Comments Gianni Paladini in shock u-turn as he insists he DOES still want to buy Blues 15 Nov 2012 18:43 Crazy day sees Italian businessman claim his interest in Birmingham City is over - only to insist hours later the takeover is still on. Share on print Share on email Gianni Paladini is leading a consortium which wants to buy Birmingham City Gianni Paladini is leading a consortium which wants to buy Birmingham City Gianni Paladini has now declared his l takeover is back ON – after a rollercoaster 24 hours in which he threatened to walk away from the club. The Solihull-based businessman had originally expressed his hope that a deal could be struck for Blues within 10 days. He then publicly declared his interest in the club was dead – only to later change his mind and insist his group was still keen to buy Blues. Paladini was incensed when Blues acting chairman Peter Pannu denied officials were in “active negotiations” with the Italian and his associates. Pannu’s statement was released on the club’s website after Paladini told the Mail that his consortium wanted to strike a deal within ten days. Responding to Pannu’s quotes, Paladini first insisted an offer for the club had been tabled but warned he would not “waste his life” waiting for a resolution. “In ten days we will move in and buy the club,” he said. “If it doesn’t happen then goodbye, we move on.” Then Paladini raised the stakes – appearing on radio to insist the deal was dead. He told Free Radio: “I’ve been very open but we’re at the point if he doesn’t want to sell, if he’s got another buyer, good luck. "We are very disappointed. After three months work, nothing happened." But within hours his stance had softened. He told the Mail he still wanted to buy Blues but insisted the ball was in Pannu’s court. “When he (Pannu) came up with that statement, I couldn’t believe it,” Paladini said. “I could show the public all the documents and the details of our bid if I wanted to. “It put me into an embarrassing situation with my backers – they think I’m inventing everything! “We still want to do the deal. “All Peter Pannu has to do is say yes and we can move in. We are ready. “But we are not prepared to let it go to January, it has to be soon. “Ideally we would like to know in seven days. “We don’t want to be going into a club that might be in a situation towards the bottom of the league struggling a bit and selling the best players. “If Peter calls me, we can do this pretty quickly. The ball is in his court. “I’ve been depressed and upset about this situation. It’s making me ill. “I want us to come in and help the club, do a good job and make everybody happy. “I have a real feeling for Birmingham City but we can’t wait around forever with all this kind of thing going on.” Paladini’s consortium formally lodged a second, improved, bid of around £30 million, including a £17 million down payment, for the club almost a fortnight ago. Although it was rejected, negotiations continued about its structure. But Paladini was angered by Pannu’s statement, in which he urged fans not to rely on “rumours and speculation”. Pannu said: “There are no active negotiations with the group involving Gianni Paladini or any of his associates. “Should there be any agreement reached, there shall be formal announcements made in Hong Kong and also in the UK. “I would urge that only official information should be relied upon and not rumours or speculation.” The saga left Blues fans reeling. One supporter wrote online: “You just couldn’t make this up. “Yet another shambles and once again the fans have to take all this c***”. www.birminghammail.co.uk/sport/football/football-news/gianni-paladini--u-turns-and-insists-310952
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Post by cpr on Nov 16, 2012 8:19:06 GMT
Here's a tip Paladini, stop playing games through the press, contact Pannu directly and speak to him. Pannu is right when he says there is no formal contact, he's never met Paladini.
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Post by blueeyedcptcook on Nov 16, 2012 8:39:11 GMT
Here's a tip Paladini, stop playing games through the press, contact Pannu directly and speak to him. Pannu is right when he says there is no formal contact, he's never met Paladini. Peter Pannu, would be a idiot to treat Paladin like a fool. Does he realise just who he is dealing with. ;D
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Post by Lonegunmen on Nov 16, 2012 9:37:40 GMT
The best of the very best is my guess.
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Post by Bushman on Nov 16, 2012 11:03:37 GMT
“I could show the public all the documents and the details of our bid if I wanted to" But he wont. “It put me into an embarrassing situation with my backers – they think I’m inventing everything! He does have an excellent track record in that department.
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Post by Lonegunmen on Nov 16, 2012 11:25:15 GMT
I'm buying the domain "WATBB's" just in case he's successful.
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Post by Macmoish on Nov 16, 2012 11:40:12 GMT
Maybe you could trademark the phrase: "He Saved the Club"
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Post by Macmoish on Nov 17, 2012 9:38:56 GMT
Birmingham Mail
Colin Tattum comment: Gianni Paladini wants a quick deal to take control16 Nov 2012 Our Man At Blues looks at the latest takeover situation after a day of ups and downs... Whether Gianni Paladini has made Birmingham City an offer they can’t refuse, he wants to know soon. The attempt to wrestle control from Carson Yeung by the Italian consortium, fronted by Paladini, was cranked up and lurched into farce yesterday. After Paladini expressed his hope that a deal could be done within ten days, there was a stirring in Hong Kong. Peter Pannu issued a statement claiming Blues were not in ‘active negotiations’ with Paladini and Co. Paladini in turn was angered by that and said everything was off. Finito.
He felt he had been made to look an ‘idiot’.After a while, his stance softened and, insisting that talks had been going on for three months, said the Italians remained willing to buy Blues. But it was up to Pannu. “If he doesn’t want to sell the club, he doesn’t want to sell the club,’’ said Paladini. “We have worked very hard to make this deal happen. The deal is there, he knows the conditions, even the dates of the payments. “If Peter Pannu calls me, we can do this pretty quickly – tomorrow, the day after. The ball is in his court.” The improved, second offer, worth £30 million with a £17 million downpayment, has not been formally accepted. Pannu is understood to be seething at the way Paladini has frequently gone public and doubts whether his group are a suitable or capable party to lead Blues forward. He has hinted at interest from a Hong Kong-Chinese consortium. But so far it seems only Paladini’s people have shown the colour of their money. Most expert observers value Blues at between £10 million-£15 million. Then there are the loans to Blues from Yeung (£13.7 million) and BIHL (£7.8 million). Arrangements have to be made in this respect. Should an agreement finally be struck, it would be a surprise if Paladini was sitting behind his desk at St Andrew’s within a matter of weeks. The expected procedure is for an EGM of parent company Birmingham International Holdings Limited (BIHL) to be called for shareholders to agree to the proposal. That process could take four weeks, if not longer. BIHL has 96 per cent of Blues. Yeung has a 26 per cent stake in BIHL, Pannu is the chief executive officer and managing director. It would be a major shock if shareholders vetoed a bid for Blues that Pannu recommended. Paladini sees January as the very last cut-off point, due to the prospect of player sales which are likely to keep the club operating as a going concern if no takeoever had, or was about to, come to pass. www.birminghammail.co.uk/sport/football/football-news/colin-tattum-comment-gianni-paladini-311759
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Post by Lonegunmen on Nov 17, 2012 11:00:58 GMT
Anyone know if there are any media vacancies at City? Perhaps one that might offer a free seat or two.
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Post by Macmoish on Nov 19, 2012 14:22:05 GMT
Gianni's Pal giving him a boost! Birmingham Mail Mel Eves: Gianni Paladini won't wait forever to take control of Birmingham City 17 Nov 2012 11:40 Mel Eves gives his thoughts on the Birmingham City takeover situation It has been an un-nerving week for those Birmingham City fans keeping their eye on negotiations to sell the club. First, Solihull-based businessman Gianni Paladini said he was hopeful of buying Blues within the next ten days for £30 million. Then, acting chairman Peter Pannu denied that the board were in ‘active negotiations’ with anyone, which initially prompted Paladini to call the whole thing off. Then, Gianni softened his stance, saying that the offer was still on the table but that he wasn’t waiting for ever for a decision. Well, having known Gianni for over 30 years, I can tell you that the bid is absolutely serious. The consortium he is fronting definitely want to buy the club – but something has to be done soon. Clearly, they want to do the best they can to help Blues – and that means getting their feet under the table in time to be able to do something in the January transfer window. The current squad may be good enough to hoist the club up the Championship table and into the play-off picture but the financial position isn’t great and at the moment, it’s a question of how long Blues can carry on in their present state. Attendances at St Andrew’s are falling to disturbing levels and if something isn’t done soon, a new owner coming in during the transfer window could find themselves under pressure to sell off top players like Jack Butland and Nathan Redmond, just to keep the club afloat – and I know that Gianni doesn’t want to do that. Which means a deadline to get the deal done in time probably is the end of this coming week. Selling a football club is different to selling a furniture business, for instance, or selling a piece of real estate – there’s a community involved, so it has to be done with a view to the right outcome for that community. I believe Gianni understands that and if his consortium do buy the club, they will want to do things properly – they won’t want to walk in there after the transfer window has closed and find that they can’t fix whatever it is that needs fixing. It’s obvious that if that happened and things didn’t work out in the way Blues fans had hoped, people wouldn’t appreciate that and the new owners would take some stick. And Gianni wouldn’t want to do that. His track record in getting QPR into the Premier League was first-class – Blues fans would certainly settle for that at the moment – so why would he want to tarnish that reputation? The Paladini consortium think their offer is a good one – but they also believe that if Pannu and Carson Yeung have a better one, they are entitled to go for it. The big question which should be concerning everyone worried about the future of Birmingham City this weekend is: “Is there really a better offer out there?” www.birminghammail.co.uk/sport/sport-opinion/mel-eves-gianni-paladini-wont-315160
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Post by Macmoish on Nov 26, 2012 11:38:49 GMT
Unkind words from Birmingham www.birminghammail.co.uk/sport/football/football-news/peter-pannu-if-people-dont-336046Peter Pannu: "If people don’t have the money, they should just shut up" 26 Nov 2012 07:36 Acting chairman hits out at ed Gianni Paladini and his consortium, accusing them of trying to get Blues on the cheap Share on print Share on email Peter Pannu Peter Pannu has accused Gianni Paladini of trying to get Blues ‘on the cheap’. The Blues acting chairman slated the Solihull businessman and his group’s attempt to wrestle control of the club. “If people don’t have the money, they should just shut up,” blasted Pannu. Paladini’s consortium tabled a bid, worth around £30 million, for Blues. He said he hoped to conclude a deal ‘within ten days’ – that ten-day timescale passed on Saturday. But Pannu responded to that claim by issuing a statement insisting there were no ‘active negotiations’ with Paladini. Angered, the former QPR chairman then called a halt to things, before leaving the door ajar and saying the Italians were still keen, but it was down to Pannu. Another announcement was made, this time by parent company Birmingham International Holdings Limited, to the Hong Kong Stock Exchange, on Friday. Pannu revealed talks with one of two Hong Kong-based groups were at an ‘advanced stage’ and there was interest from a group in the UK, understood to be Paladini’s. And now Pannu, who is chief executive and managing director of BIHL, has hit out publicly – and directly – in strong terms. Gianni Paladini “I support freedom of speech and he (Paladini) can say what he likes in the press, but if anyone wants to buy our club they better prove they’ve got the money to do it before they talk to the British media,” said Pannu. “There’s been a complete misrepresentation that he’s closing in on a purchase and it’s totally without foundation.” Pannu, speaking to the South China Morning Post, said he had had enough of Paladini’s ‘antics’. “We need to put a stop to this nonsense. He’s just trying to get the club on the cheap. If people don’t have the money, they should just shut up.” This latest development is certain to exacerbate the frosty relationship between the two camps. And any change in ownership of Blues thus appears to be some way off as Carson Yeung prepares to face the music in court. The Blues president’s trial for alleged £59.7 million worth of money laundering begins in Hong Kong on Wednesday. On the pitch, Blues’ fortunes took a nosedive with a second successive 3-2 defeat, at Derby County on Saturday. Manager Lee Clark lamented that the 90 minutes was typical of Blues this season. “Basically the game was a good summary of our season so far: first half not a true reflection of us, second half I thought we played very well. “We’ve been like that from game to game, up and down. Only this time it was a different team in the same game, which was even more frustrating. “That’s been the problem for us, in terms of consistency.” Blues, who travel to Blackpool tomorrow, twice equalised, but fell to Nathan Tyson’s 84th-minute winner during a frenzied late spell of three goals in four minutes. “We weren’t at it at all in the first half,” said Clark. “The first half wasn’t our true identity, but the second half was. “I said to the players at the end that if we play like that (second half) from the first whistle, we don’t allow the opposition to get any momentum, we don’t allow them to get on the front foot, we get a result. “Because we had to lift ourselves up from a flat first-half performance, we gave ourselves a problem.”
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Post by Macmoish on Nov 26, 2012 11:39:56 GMT
Paladini Responds! www.birminghammail.co.uk/sport/football/football-news/gianni-paladini-throws-down-the-gauntlet-335458Gianni Paladini throws down the gauntlet to Peter Pannu... again 26 Nov 2012 07:36 “Mr Pannu has insulted me and our backers by saying we don’t have the money,” says Solihull businessman Gianni Paladini. Share on print Share on email Gianni Paladini is leading a consortium which wants to buy Birmingham City An ‘insulted’ Gianni Paladini has thrown down the gauntlet to Peter Pannu as the battle for Birmingham City continues to turn ugly. The Solihull businessman has been left fuming by Pannu’s latest comments intimating that he and the Italian consortium bidding to buy Blues don’t have the necessary funds. Pannu, Blues acting chairman and chief of parent company Birmingham International Holdings Limited, hit out in the Hong Kong media, stating: ‘If people don’t have the money, they should just shut up’. Pannu added: ‘‘I support freedom of speech and he [Paladini] can say what he likes in the press, but if anyone wants to buy our club they better prove they’ve got the money to do it before they talk to the British media. “There’s been a complete misrepresentation that he’s closing in on a purchase and it’s totally without foundation. ‘‘We need to put a stop to this nonsense. He’s just trying to get the club on the cheap.” Peter Pannu Paladini’s group said they tabled an offer, worth around £30 million, but it was dismissed by Pannu, who is handling the sale negotiations. After hearing of Pannu’s blast, Paladini reacted robustly. He pointed out that his group had already shown their hand - and challenged Pannu to let them complete the takeover. “Mr Pannu has insulted me and our backers by saying we don’t have the money,” said Paladini. “Now, prove me wrong, Mr Pannu, by providing us exclusivity for two weeks to finalise the deal at the original price that was offered - and agreed. “If we are unable to do so, you can then show I am a bull*****er.” Paladini’s group have been itching to move into St Andrew’s quickly. Their bid, which revolves around a £17 million downpayment, was not mentioned at all by Pannu when he made a statement to the Hong Kong Stock Exchange on Friday. Pannu said that BIHL had interest from three parties, two in Hong Kong and one in the UK, understood to be Paladini and his people. He announced that they were at an ‘advanced stage’ of talks with one of the groups from the former British colony, but no deal had been struck with them.
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Post by Macmoish on Dec 10, 2012 6:51:23 GMT
Either getting closer to Birmingham Takeover OR pushing the issue through his media contacts! www.thesun.co.uk/sol/homepage/sport/football/4689797/Birmingham-finally-on-the-brink-of-Gianni-Paladini-takeover.htmlThe Sun/Paul Jiggins
Paladini's Brum rushGIANNI PALADINI’S on-off takeover of Birmingham could finally be completed this month. The former QPR chairman’s consortium tabled an improved £30million bid last month after having a previous offer turned down. Negotiations were believed to have stalled. But Paladini, whose group faces competition, is still hopeful he can seal a deal before Christmas. Two other parties, from Hong Kong, are also said to be interested in taking over at St Andrew’s.
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Post by Macmoish on Dec 12, 2012 12:56:12 GMT
Give the ball to Gianni www.birminghammail.co.uk/sport/football/football-news/tom-ross-column-birmingham-city-372837BIRMINGHAM MAIL Home Sport Football Football News Birmingham City takeover By Tom Ross 1 Comment Tom Ross Column: It's time to end Blues sale saga 12 Dec 2012 11:19 It appears that the offer by the Italian consortium led by businessman Gianni Paladini is quite possibly the only firm bid on the table to buy Blues. Share on print Share on email Gianni Paladini has pulled out of talks with Blues Gianni Paladini has pulled out of talks with Blues Acting chairman Peter Pannu has been in talks with a couple of Hong Kong groups, one being The Shanghai Media & Entertainment Group and the other being an un-named Chinese company. The talks with the Shanghai Media group appear to have ended with no agreement reached, despite it getting to the advanced negotiation stage according to Pannu. I must admit to not getting excited because the group, as I understand it, had not done due diligence by examining the up-to-date financial situation at the club. What does worry me is that if Paladini is the only player left in the game then where does that leave Pannu, who was openly very critical of the Italian in a statement to the Hong Kong stock exchange just a few weeks ago. Paladini is now in the driving seat and, as I understand it, is unlikely to increase his bid for the club from the original deal worth £30 million. What makes Blues fans angry is the prevarication and delay, as a sale was needed quickly to enable the new owner, whoever it was, to take advantage of the January transfer window. As it stands it seems highly unlikely that the club will be sold in time for this to happen, especially with the Christmas shutdown affecting the 28 day notice to shareholders of any offer received. The sooner this drawn out debacle is over the better so club can move forward.
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Post by Macmoish on Dec 16, 2012 10:20:33 GMT
Birmingham Mail Gianni Paladini set to meet Blues officials for crunch talks www.birminghammail.co.uk/news/local-news/birmingham-city-takeover-gianni-paladini-375589 By Brett Gibbons Gianni Paladini set to meet Blues officials for crunch talks 15 Dec 2012 06:00 The Solihull-based businessman revealed he was due to sit down with acting chairman Peter Pannu and reaffirmed to commitment to buying the St Andrew’s outfit. GIANNI Paladini said he was set to meet Blues officials on Monday – with the Italian hopeful of finally wrapping up a deal for the club. The Solihull-based businessman revealed he was due to sit down with acting chairman Peter Pannu and reaffirmed to commitment to buying the St Andrew’s outfit. But he could not hide his frustration over his drawn-out pursuit of the club as he branded Pannu the “invisible manâ€. “My lawyers have been in touch with me to confirm we have a meeting with Birmingham City representatives and Pannu on Monday,†Paladini said. “Hopefully, we will then be able to agree to all the terms and conditions so a deal can go ahead. “However, it is like dealing with the Invisible Man. Pannu is like the Phantom.†Paladini spoke yesterday as another bizarre day in his long-running attempt to buy Blues saw him deny claims attributed to his son that he had lost patience with the club’s hierarchy. Online comments attributed to Steve Paladini accused Blues of “jerking around†his father’s consortium and said: “My dad and his gang will buy another club and I’ll cry.†Paladini, who has offered £30 million for the club, said he had been unable to reach his son, a big Blues fan, to check whether the comments came from him. “I could not speak to him but we all want a deal to go ahead,†he said. “Everyone is very impatient and it has been very difficult. I am hoping we will have something to say next week. “My son is a big Blues fan. We all want the best for Birmingham City.†Paladini threatened to pull out of the race to buy Blues last month after a bust-up with Pannu. The Italian was enraged when Pannu insisted officials were not in “active negotiations†with his consortium. He declared his interest in the club was over before performing a U-turn and insisting: “We still want to do the deal.†Pannu hit back within days, accusing Paladini’s group of trying to get Blues on the cheap. “If people don’t have the money, they should just shut up,†he told a newspaper in Hong Kong. “I support freedom of speech and he (Paladini) can say what he likes in the press. “But if anyone wants to buy our club they better prove they’ve got the money to do it before they talk to the British media.†Parent company Birmingham International Holdings Ltd said last month that talks were under way with two Hong Kong groups and one in the UK. One of the Far East consortia was said to be led by the boss of Hong Kong’s top TV company, Charles Chan, while the British-based outfit was believed to be Paladini’s. A spokesman for Birmingham City said the club would continue to conduct any business in the correct manner and did not want to comment on Paladini’s latest claims.
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Post by Macmoish on Dec 16, 2012 10:21:45 GMT
The Sun £30m Brum deal D-day Published: 15th December 2012 GIANNI PALADINI will meet Birmingham City officials tomorrow to finalise his takeover bid. The former QPR chairman is heading an Italian consortium who have made a £30million offer for the club Carson Yeung bought for more than £80m three years ago. But Paladini has been frustrated by acting chairman Peter Pannu and the buy-out has been delayed. Paladini branded Pannu ‘the invisible man’ but a meeting has been agreed and he said: “We all want a deal to go ahead.†www.thesun.co.uk/sol/homepage/sport/football/4699691/Gianni-Paladini-closes-on-his-30m-takeover-of-Birmingham-City.html#ixzz2FD1Hit00
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Post by Macmoish on Dec 16, 2012 10:22:52 GMT
which follows on yesterday's Birmingham Mail Paladini rubbishes quotes from his son claiming Blues interest is over 14 Dec 2012 15:27 Meeting between club and consortium due for December 17. Share on print Share on email Gianni Paladini is head of a consortium who want to buy Blues Gianni Paladini is head of a consortium who want to buy Blues Gianni Paladini has insisted he is still interested in taking over at Birmingham City, despite Facebook comments apparently made by his son claiming that he "wanted out". The Often Partisan Blues website picked up comments attributed to Stephen Paladini on Facebook claiming: "...those amateur business people who own our beloved club have succeeded in jerking our lot around to the point that they just want out of the whole affair." The extract also claimed the consortium led by Mr Paladini would find another club to buy. When asked if the claims on the website were true, Mr Paladini firmly told the Mail: "No." He then added: "I need to speak to my son." Mr Paladini added that representatives from his consortium and the football club were due to meet on December 17 to try to reach an agreement www.birminghammail.co.uk/sport/football/football-news/paladini-rubbishes-quotes-from-his-son-claiming-375522
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Post by Bushman on Dec 16, 2012 11:44:10 GMT
Good to see the son carrying on the clown tradition.
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Post by Macmoish on Dec 19, 2012 8:27:41 GMT
On it goes... Birmingham Mail 4°C Mostly Cloudy 5 day forecast » Home News Sport What's On Lifestyle In Your Area Buy, Sell & Tell Hot Topic: Blues - Villa - Wolves - Baggies - Saddlers Follow Us: Facebook Twitter Newsletters Home Sport Football Football News Birmingham City takeover By Brett Gibbons 7 Comments Birmingham City takeover update: Talks between Pannu and Paladini to begin in earnest 17 Dec 2012 18:43 Giani Paladini says proposed negotiations are 'difficult dealing' as the Christmas close down approaches Share on print Share on email Gianni Paladini is leading a consortium which wants to buy Birmingham City Gianni Paladini is leading a consortium which wants to buy Birmingham City Talks between the Italian-backed consortium headed by Solihull businessman Gianni Paladini and the owners of Birmingham City are due to intensify. Representatives of the consortium and Blues owners’ Birmingham International Holdings Limited are scheduled, but the proposed £30 million takeover of the St Andrew’s club is still a long way from being completed. Mr Paladini told the Birmingham Mail on Monday night: “We are still working at it but with the Christmas holidays coming up it is difficult dealing. “I do not have much today at the moment. However I am hoping that I will soon have some good news for Birmingham City supporters. I am looking forward to it.†After a potential £40 million takoever of Blues by a group headed by Charles Chan, head of Hong Kong's largest television broadcaster, and including the Shangai Media and Entertainment Group all but collapsed, Paladini's bid has come firmly back to the fore. Pannu returned to Birmingham from Hong Kong last week and Paladini revealed that both parties had agreed to meet this week. www.birminghammail.co.uk/sport/football/football-news/birmingham-city-takeover-update-talks-376132
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