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| This thread has a number of examples of the Dunning-Kruger effect.
My earlier answer was correctly identified as one taken directly from a well known AI program then used as a template …. 
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Moderator | 21585 | Wakefield Trinity |
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| That not only applies to over confidence about knowledge of buying and selling a sports club but also coaching a super league team, building a stadium, running a sports club, contract negotiations and general accountancy.
To be honest, if we could get a political party setup from this forum we'd be out of the recession tomorrow and leading the 'free world'
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Club Captain | 246 | No Team Selected |
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| Quote PopTart="PopTart"I think some are missing the point.
There is as much due diligence needed for the seller as the buyer.'"
There really isn't - seller simply needs to sign a few forms. Buyer would normally want to do DD to find any "skeletons" and get warranties and indemnities from sellers. Still important info for whoever is taking over but understandably unlikely to get any warranties and indemnities from MC.
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Club Captain | 384 | Wakefield Trinity |
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| Quote RWB="RWB"There really isn't - seller simply needs to sign a few forms. Buyer would normally want to do DD to find any "skeletons" and get warranties and indemnities from sellers. Still important info for whoever is taking over but understandably unlikely to get any warranties and indemnities from MC.'"
Beg to differ RWB. Buyers need to be deemed fit - even if it's for £1 you still need to be fit to take on the legacy. The truth is that there is a whole raft of potential connotations from selling (passing on) a club to a new owner (custodian) and it's not that easy.
You are taking on a legacy in taking on a club. You are taking on countless family incomes, and the supply chain that services them and beyond.
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| Agree to an extent BSC - but think that is RFL's role in approving any change in ownership. From MC's point of view as an exiting shareholder of a Ltd Co, there's nothing really is there? Fair enough check the new guy has sufficient brass to take on the debts etc but he can walk away pretty quickly and cleanly if he wanted. In terms of supply chain, current commitments - they remain with the company.
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Moderator | 21585 | Wakefield Trinity |
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| Quote RWB="RWB"Agree to an extent BSC - but think that is RFL's role in approving any change in ownership. From MC's point of view as an exiting shareholder of a Ltd Co, there's nothing really is there? Fair enough check the new guy has sufficient brass to take on the debts etc but he can walk away pretty quickly and cleanly if he wanted. In terms of supply chain, current commitments - they remain with the company.'"
He can just walk away, but their point has always been they are custodians of the club and as such feel the responsibility to make sure its passing to good hands.
Otherwise you end up with a Pearman with invisible money or Glover who didn't really know how to run a sports club.
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International Star | 5313 | Wakefield Trinity |
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| Quote PopTart="PopTart"Working on it now apparently.
The deal isn't far enough through to be announced yet but I guess they've been forced to update because of the mischief makers muddying the waters.'"
Was this also placed on Facebook because I have not seen anything.
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| Quote Scarlet Pimpernell="Scarlet Pimpernell"Was this also placed on Facebook because I have not seen anything.'"
Still working on it I guess.
I'm not writing it don't blame me.
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Player Coach | 4130 | No Team Selected |
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| Quote PopTart="PopTart"Still working on it I guess.
I'm not writing it don't blame me.'" if you don't know then please don't guess you will make yourself look a fool.
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| Quote PopTart="PopTart"Working on it now apparently.
The deal isn't far enough through to be announced yet but I guess they've been forced to update because of the mischief makers muddying the waters.'" these mischief makers could have actually saved our club but you keep believing what you want and towing the club line.
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