Anyone think we will hear anything re. The Takeover today? I think it's all getting a little smelly.... Hope I'm wrong but I still fail to see how a guy with an overall wealth of £200m can buy a football club for £100m. Hope I'm wrong and its all jelly + Ice cream for tea tonight.... But I have my reservations
It is taking some time but it has been reported that the £100 mill figure is some way off of the price that has been agreed. PLUS - It appears to be a joint venture with the Mittals buy up some more shares. (Thus reducing his outlay) PLUS - I'd imagine he'd put Air Asia as our shirt sponsor (Again saving him money on paying for a sponsorship deal) All seems feasible, but whether it will come to fruition is another story all together.
Wasn't a press conference at QPR set for tomorrow - or was that just rumour? If all this goes on beyond the end of the week, there could be a serious sticking point - perhaps a legal point over repayment of loans etc...
BREAKING NEWS - Reported that Ferdy's trying to buy out the Mittals...puts another complexion on the whole thing
Is that just the Mittals as opposed to the Goons or a 100% buy out which would suggest someone else is putting up the lion's share of the money?...
Reported Ferdy wants to buy 100% of club, and will spend today trying to persuade the Mittals to sell their share Source - Ealing Gazette
I don't like that! Would feel much more comfortable with the Mittals, and most importantly, Bhatia on board.
Could Mordy emerge from the shadows with his hand up Fernandes' back?... Alternately, that could be his excuse to back out at the last minute... All very intriguing...
Tony Fernandes' QPR takeover hangs in the balance Aug 17 2011 By Paul Warburton PROSPECTIVE QPR owner Tony Fernandes will spend a ‘pivotal’ day trying to persuade the Mittals to sell their 33 percent stake to him. The Air Asia mogul has changed his mind about buying a piece of the Premiership new boys – and now wants the lot. Fernandes has already thrashed out a deal to take the 67 percent shares owned by Flavio Briatore and Bernie Ecclestone – but the remainder, owned by billionaire Lakshmi Mittal and orchestrated by son-in-law Amit Bhatia, is the sticking point. Bhatia, who quit the board in May as vice-chair after falling out with Briatore, is thought to want a way back in if Briatore goes. An insider said: “Today is pivotal. If the Mittal stake is for sale, it might cost a bit more than Fernandes is willing to pay, and he really does want total control now.”
If the Mittals say they won't sell, Fernandes could possibly withdraw and leave the Goons high and dry. Schadenfreude for the Mittals but it will leave the club in an uncertain state...unless the Mittals up their offer to the Goons for their 67% (the best solution of all!). I'd love to be a fly on the wall of their meeting room today...
I agree. It he'd wanted 100%, why didn't he say so at the beginning? He's moved the goal posts. It does seem that he's now made it a condition of his purchase from the Goons, that the Mittals sell also - otherwise there would be nothing to stop him buying from the Goons and then negotiating with the Mittals later. Whether he moves the goal post back to his original position remains to be seen...
I can see this as being Fernandes excuse for dropping out of the deal altogether. "If I can't have 100% then, the the words of the dragons, I'm out". It makes you wonder how serious his intentions were at the outset.
HAVE TO AGREE, i think there is more confusion to the deal. He will agree with the goons to blame Mittal for not selling his share as the the reason he will pull out. The goons will come out and say 'we wanted to sell but Mittal wouldnt' making it look like its Mittals fault for once....
Got a feeling this is going to drag on. We cant afford it too! Only two weeks until the transfer window closes. We need this sorted out this week.
Possibly reading too much into this?! Surely the buyout of the goons' share is done. If the mittals won't sell now, he'll just leave it on ice and try another time. Have to start somewhere.
Great free 2 weeks publicity for air asia though, put it in all the papers and all over sky sports then pull out saying the Mittals would not sell him their shares.
The consequences of the deal falling through don't bear thinking about, a team full of leftover loanees will be cannon-fodder...
