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Bada Bing

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Posts posted by Bada Bing

  1. Still think we'll get him, but maybe not for Saturday. PIF will pay what is necessary. The leaks are annoying but we don't know for certain if they came directly from the consortium so I think a bit unfair to judge them for that. The fact the process led to Emery being No.1 target shows they are on the right lines, or taking good advice. Not panicking yet.

  2. The deal is probably dead, but I have a feeling there are some twists to come. PL will not be satisfied despite all the intense lobbying:

     

    - Likely no further recourse on piracy

    - BeIN banned in KSA (a major market for MENA rights)

    - Questions from UK govt as they have effectively filibustered circa £600m investment in poorer region

    - Relations damaged with one of largest sovereign wealth funds. 

     

    Ultimately the consortium have pulled out so you cannot 100% blame the PL. It does seem likely PIF were getting cold feet about it the longer it played out, understandably. Here's hoping this is the Hail Mary.

  3. The amount of research and documentation involved will be insane: adverse media checks, politically-exposed persons reports, financial crime, reviewing the commercial structure and track record of each legal entity involved...we know much of this is highly relevant in this bid.

    Hence the PL will be asking for further info and detailed mitigation on a lot of this. They will be taking legal and government advice. Its a significant undertaking especially as most parties have probably got bigger fish to fry right now.

     

    Politically exposed persons and adverse media will be the PL's main concern, but ultimately money talks and if they get sufficient assurances they will give the green light, especially in the absence of any real government backing. With the heightened scrutiny and opposition, they will want to ensure the process is a rigorous and comprehensive as it can be within the rules , short of actually blocking it.

     

    My opinion.

  4. Despite it looking rather bleak, I highly doubt Rafa would be anywhere near close to agreeing a deal with West Ham at this early stage tbh. His first choice is clearly to stay with us, but we look determined to f*** this up.

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