To be fair we've been close to relegation the last 3 years at one point or another. It's like a time warp every year. We need to stay up for a takeover to complete. Every single year.
Plenty of buyers want the club. A combination of an obsessively greedy **** owner and this court bollocks is all that stands in the way. Burnley were acquired when not in a good place. The risk is the risk. There's currently plenty of time to get well clear of relegation, all it really takes is a good choice of manager and some Jan investment.
True The money doesnt need to be PIF level for a bit of stability either. Even with the same level of cash but an interested owner would be way more successful. Its not the money, its how ****ing bored Ashley is of NUFC that hurts us
Exactly mate. The money is not the big thing here, it’s the ambition. We should be way further forward with better investments - I mean £40m for Joelinton, or a state of the art facility? It’s not even ****ing rocket science.
No, they'll pay less than £300m on an ever-decreasing amount as we carry on. That's why CAT is about around £15m in compo, because the deal on the table is less and is the point made by @magdad about the PL needing a rapid resolution if CAT is given a green light. Every week that passes with Bruce Ashley at the helm is probably another £5m off the price. I reckon PIF consortium, if still interested, will pay around £280m up to around the 10th Jan. If the window closes, the price will drop dramatically and continue to drop depending on PL status. Ashley will be aware of all of this, but he's hedging his bets on this CAT case giving him a swift resolution, by way of a £280m sale to the consortium and a £20m rebate from the PL. If that fails, it'll be a £250m or so sale to someone else and a £50m potential bill to the PL.
I think the £10m is legal fee's incurred and is continuing to incur. The original deal was £340m I believe. The CAT discussed the fact that a valuation of losses couldn't be made at this point in time due to the fact that we had a figure of what was agreed and a final figure would be reached at the completion point of a sale. This was one of the things our QC actually got wrong and got pulled up on I think.
That is correct. The Market Value and loss value establishment is a grey area. Our QC effectively said the loss is between what PIF agreed and what the MV is at the time of the CAT case hearing is. The Judge said it should be the MV at the time the decision was made by the PL. This is IMHO wrong. The loss of value, because of the PL decision being wrong is the price agreed less the MV of the asset when they got it wrong AND the impact of that decision and future events. There is no loss of value if the ARB goes through and the deal is at the agreed amount. The only thing then is lost costs, interest etc. The flip side is if the PL win the ARB and the takeover to PIF could therefore never go ahead means there is no loss of value. Because the deal realistically could not have gone through anyways.
All waiting for the CAT page to update. Then it'll probably go mental again. Nothing to discuss til then. Be thankful.
Silence is golden. Wonder if Masters meeting with Levy yesterday was to tell him the takeover has been approved.
Ah, they met did they? It proves how corrupt it all is - the PL should have been furious with the greedy 6, but all it proves is that the PL itself just works for them. With any luck it was a precursor, advising there's not a lot left to do and should CAT be given the green light to proceed, it would be in everyone's interests to approve it and slink away into the shadows whilst the media take turns in speculating about a big Newcastle, and hounding the new owners for human rights issues. Probably all wishful thinking though.
