B-more Mag

I can't find the "Who cares?" button.

No one is saying Boo-urns.

Fucking pages and pages of this shit. Again ... and again ... and again.

The company (i.e., NCUK Investment Limited) has an obligation to keep its "people with significant control" information updated and accurate with the Companies House. The filing updates PIF's address as well as making a change from legal form of public investment fund to corporation sole. To the best of my knowledge, "public investment fund" isn't a legal category of entity in the U.K., and my guess is the lawyers thought "corporation sole" more accurately represents what PIF is under U.K. law, so they decided to change that at the same time they did the address change.

As long as PIF is the controlling owner in the proposed structure, it's going to be subject to the officers and directors test. The corporation sole designation wouldn't alter that.

It's an address change for the PIF and a change in the way it's described on a NCUK Investment Limited filing with the Companies House. NCUK Investment Limited can't change the nature of PIF's legal existence by changing a few words on a Companies House form. The PIF is a creature of Saudi Arabian -- the Saudi Arabian law itself would have to be changed in order for the nature of its legal existence to change.

His wife, man ... I can't even imagine.

Ambishun.

Look, if Ashley can give the PIF the deal on a silver platter, no impediments to closing, it seems pretty likely the PIF would do it -- no guarantee, but pretty likely. Right now Ashley can't do that, and, unless and until he can, all the "is PIF still in or is it out" is worth a bucket of warm piss.

Query: Do we let brown sauce participate in the half-time condiment race?

* hot dogs and t-shirts

Can't wait for the anamorphic magpie mascot to shoot pies and scarves into the stands.

"I'm very important and know secret things. Please pay attention to me."

Is the stuff re: Caulkin coming mainly from podcasts? His written piece about Bruce on Monday wasn't particularly flattering to him. E.g., "And so those chants, when they came, had a long, dispiriting backstory. It is a club going nowhere, with no obvious plan besides staying where they are and a manager incapable or unable of offering an alternative."

Sounds like a bicycling and apple-eating accident.

Haven't really seen much of Santi Muñóz since Malcolm in the Middle.

That's true, but no one is arguing the PL actually does have that power. Ashley and the consortium could go through with the deal today and there's nothing the PL could do to stop them. The consequence of that, though, is being in breach of PL rules and subject to penalties that include expulsion from the league.

I don't know much about ADUG, but my understanding is that it's owned (at least nominally) by Sheik Mansour, personally. And of course, he's tied up in a lot of other stuff -- including a position with a state owned investment fund -- and I wouldn't be surprised to learn that there's some not particularly subtle commingling going on there. But apparently what's actually documented is that he's the owner and the ownership "buck" stops with him. What's fucked up is that it seems like by being on the up-and-up the PIF kind of screwed itself a bit (though, maybe not, if the arbitrators determine it's not a "director" subject to the test).

The "corporation sole" thing is a red herring and likely merely a product of the lawyer or paralegal trying to pick a characterization for something that's not a commonly encountered thing (that being a legal entity formed by royal decree under the law of Saudi Arabia). In any case, how the PIF is characterized on the corporate form of another entity would have no bearing on its actual legal status -- this would be determined under Saudi Arabian and English law, based on the facts and circumstances. It also would not change the fact that under the provisions of the PIF law KSA appoints PIF's directors. (And, obviously, it's pure speculation that PAUK has anything at all to do with the NUFC situation.)

Glad I'm not able to watch this.

Reasonable wages but he's also got to be tea lady.