I'm back for one statement and then Im off again
A bit of pre-amble - bare with me:
Crystal Palace
On 18 December 2015, it was announced that a new deal had been signed with American investors Josh Harris and David Blitzer.[103] The club stated that Steve Parish would continue as chairman alongside Harris and Blitzer as general partners in a new structure, and that Browett, Long and Hosking would also retain a substantial investment.[104]
The company accounts later showed that the ownership figures were: Steve Parish 18%, Steve Browett 5%, Jeremy Hosking 5% and Martin Long 2.5% with the remainder being owned by Palace Holdco LP (a limited partnership registered in Delaware) 67.5% and Palace Parallel LLC (a company also registered in Delaware) 1.5%. Both Palace Holdco and Palace Parallel have 180 preference shares each. As the Delaware companies do not have to reveal their owners the exact ownership of the club is therefore unknown but Steve Parish confirmed that each of Harris and Blitzer had an 18% share to match his own.
So the Premier League doesn't know who owns 67.5% of Crystal Palace as Delaware companies don't have to reveal their owners. The Premier League accepted this as they can't argue against the rule of Law in the USA. Remember this as its important.
Now onto NUFC and PIF.
Premier League are arguing that they can't separate PIF from KSA and as such the KSA is a potential director of NUFC. This, as has been said previously could then allow them to link MBS to owning NUFC and the state piracy of Bein, Beout. PIF apparently sent details stating that PIF is separate to KSA in Saudi Law but PL didn't accept this.
So the PL approved a Delaware Company which doesn't disclose its owners/Directors because in US law where the company is based,that is its right but on the NUFC takeover, wont accept that PIF is separate under Saudi Law and choses to ignore/reject.
This is the crux of the matter and why Shaheed Fatima is on the case with Nick.
How can PL accept US Law and not even know who owns Crsytal Palace (For all they know, it could be MBS) but reject Saudi Law stating PIF is separate to the state? In essence, they shouldn't be able to and hopefully this will come out in Court.
Im off again, enjoy your baiting of each other, you sad f***s!
That’s the most positive post for months. Much better than the Keith shit being touted.