More evidence for De Marco and co to show our takeover was subjected to far stricter scrutiny than any previous.
I would have thought the government would have pushed for them to accept the bid. Premier league went to them....
I think they would, but the point is why did they feel they had to go to them. It’s meant to be a confidential process and if scrutiny of our takeover has been shown to be different to others, it all plays into the narrative that we have been treat differently.
I expect to tell them that they are going to reject the bid and wanted to explain why (Piracy) or get more info on the buyers. Also we probably have been treated differently but I can't think of any club being bought while at the same time running an illegal sports stations that steals games.
I'm still confused by this. Is it PIF that are illegally streaming games? Is this still going on?
https://www.aljazeera.com/economy/2020/6/16/explainer-the-piracy-case-against-saudis-beoutq-channel
Think we all know if the Saudis wanted to shut it down they could.
Probably could have but its still got nothing to do with PIF. Separate legal entity which is what do marco is trying to prove.
I suppose its a bit like having a limited company over here.
I am the sole director and shareholder of my company, i earn its money, i spend it, i have complete control over the business, its direction and its finances.
But legally, its separate to me.
That's where a problem arises though surely. As the owners and directors test has to find the parties who are have control over said company. With PIF describing themselves as the sovereign wealth fund of the state then the state surely has control over PIF. So it doesn't really matter if it's a separate legal entity in itself in that respect.
Exactly this. The Saudi state could turn round after the takeover and dissolve PIF and take over control of all the enterprises PIF entered into including control of NUFC!
Lol. Righto. And you REALLY don’t think in that instance that the PL might have something to say, and invoke the yearly O&D Test again to throw the club out of the league?
So Isn’t that why they are wanting to test the people who have the power to do that before the takeover happens, I.e MBS.
The real question is why won’t he take the test?
:lol:
Really, so you want MBS to take a test to buy a shitty club in the UK that amounts to 0.00x% of the PIF investment portfolio. So should the Queen have to take various tests everytime the Crown estates want to buy into something? Insane.
If the premier league came out and said - we have rejected the takeover bid due to alleged piracy of IP rights etc then fine. Most fans would accept it without a blink of an eye. This not making a decision is just a delay tactic because they know if they actually gave a reason for rejecting it, it could be challenged.
Anyway this is old ground, covered so many times in this thread. I wont be writing in this thread again until we hear definitive news from the PL, the club or consortium as we are just going round in circles. Whereas NUFC is just going down (to the championship).
Excuse me?
You're wrong.