Even though this thread has long passed its expiry date, it’ll always remain “happening” to some. There’ll just be another convenient proviso thrown in somewhere. Burnley is a brilliant example - not guaranteed safety, mid pandemic, yet still taken over easily enough. But the richest investment firm are playing it cautiously and apparently need us to be safe. Or will buy us anyway even if we go down (but won’t do so yet), can’t work out which. The same investors who threw £3bn at a local holiday resort somehow don’t have the desire to splash a tenth of that cash on Newcastle.
Well when you put it that way. Lol Nah the Burnley takeover was done with no money of their own (Hardley) and all hinges on debt. Also I think aswell it was at 200m which is probably the right price. Ours is over inflated and I still can’t understand why they agreed it at £350m. Ashley’s greed maybe. I think nothings changed as the arbitration is still to be concluded. I don’t think anything’s changed since they initially pulled out. That if we get the arbitration in our favour then they will buy. But why it’s taking so long is anyone’s guess?
It's not about their desire, but they're still at the table a year on, so it's clear they're keen. It's personal now I suspect. We will soon see.
Here's the funny thing. If PIF walked into a club and said "I'm having that", it would happen. However it could happen, whatever needs to be done to make it happen, it would happen. Whether it's via shell companies, sports investment entities, etc., they control $260bn, are advised by the highest priced consultants at the likes of McKinsey, Boston, etc. - are we to really believe that $20k a day consultants can't work out how Mansour did it 13 years ago? Christ, give me $10k and I'll set up a company, appoint a director, "borrow" the funds from Arab Bank and buy Newcastle tomorrow. Then I'll appoint Jamie Reuben and hey presto, all done. Or don't pay me $10k and have Jamie do it, 'cos he's rich enough on his own. Yet again, this doesn't happen. But, sure, it's "happening".
Arbitration - to force through a takeover. If there wasn't a willing buyer then arbitration would be pointless.
It's been widely reported the case is for change of ownership. That's the only reports we have... Not one claim its for compo and that's probably because it isn't.
The problem is the connection to the state, so I don't agree. The problem is PIF not PCP or the Ruebans. If people were expecting anything to happen before the clubs status is secure then think again... The value could change in only 3 months.. They're not stupid enough to just say 'oh go on then I'll jus chance losing half that before we can even do anything' when you could just wait 8 to 12 weeks and avoid losing money and looking like idiots We know it's gone to arbitration for change of ownership , so a little common sense tells you patience is required.
Fair enough. I haven't followed this thread that closely so not gonna pretend to be up to date. It is confusing though. So where do the PIF statements fit into this saying they will not be investing in overseas sports, and in particular the one last week reiterating this and specifically saying they will not be buying an English football team? I don't doubt there will be a takeover, but I can't see how PIF fit into it. Genuine question as I haven't got a clue!
That was last year they've recently back tracked on that. PIF are absolutely still after nufc, but only if a clear pathway is presented... (according to reports)
