timeEd32 Posted January 18, 2018 Share Posted January 18, 2018 Written by Dr. Ed Harrison Link to post Share on other sites More sharing options...
Beren Posted January 18, 2018 Share Posted January 18, 2018 Link to post Share on other sites More sharing options...
loki679 Posted January 18, 2018 Share Posted January 18, 2018 So she basically had £250m to spend and when that wasn't enough the whole thing was fucked. Her backers weren't prepared to put any more than that in and that was never going to be enough to get the deal done. Link to post Share on other sites More sharing options...
TRon Posted January 18, 2018 Share Posted January 18, 2018 Well at least it gave Ashley the smokescreen he needed to avoid investing any money in yet another transfer window. Link to post Share on other sites More sharing options...
Figures 1-0 Football Posted January 18, 2018 Share Posted January 18, 2018 The Reuben family obviously have a lot of wallpaper. Link to post Share on other sites More sharing options...
KaKa Posted January 18, 2018 Share Posted January 18, 2018 Here is tha actual article from the Guardian guys: https://www.theguardian.com/football/2018/jan/17/reuben-family-newcastle-takeover-amanda-staveley Doubts over Reuben family involvement in Newcastle takeover • Uncertainty surrounds bid by Amanda Staveley • Staveley reported to have made £250m offer in November David Conn A major British family investor, the first to be named by the businesswoman Amanda Staveley as a financial backer of her £250m bid to buy Newcastle United, has said they are not now planning to invest in the club. According to both parties, the Reuben family did agree financial terms to support Staveley’s bid in December, but after her offer was rejected the family has not been involved with it since. A representative of Staveley, asked by the Guardian how she is proposing to fund the planned takeover of the club from the Sports Direct owner Mike Ashley, said on Wednesday that he had been authorised to reveal that the London-based Reuben family is one of her co-investors. Before that, Staveley had not publicly named any backers; sources close to her had said she has £28bn under management from investors worldwide but that she might mostly pay for Newcastle herself. Organised corporately as Reuben Brothers – a property, private equity and venture capital conglomerate headed by the brothers David and Simon Reuben, who are reported to be billionaires – the family have a very sizeable and financially powerful business. The brothers own Millbank Tower and a very large property portfolio in London, the value of which escalated them to the top of the Sunday Times “rich list” in 2016 with an estimated personal wealth of £13bn. They are also involved in plans to convert a former police station in Newcastle city centre into a “retail and leisure quarter” featuring a hotel, shops and restaurants. Staveley’s representative said that the Reuben family’s proposed investment in Newcastle had been led by David’s son Jamie. He is reported to have various ventures in his own name and to be a football supporter, and has an office at the family’s charitable arm, the Reuben Foundation. A source close to Jamie Reuben confirmed that they were approached by Staveley in November, and they did agree financial terms for their involvement. Then in December they understood that the deal was off because Staveley’s offer had been rejected, and the family has had no further engagement with it since then. The official spokesman for Reuben Brothers confirmed that the family did consider whether they might invest in Newcastle, but said Simon Reuben is unequivocal that they are not doing so. “It is true that we did have a look at it, but nothing actually happened,” the spokesman said. “We are not investing in Newcastle United either as Reuben Brothers or as any individuals, including Jamie.” The Reuben Brothers’ official spokesman said Simon Reuben was “pretty emphatic” that the family is not investing and said that, as Jamie Reuben had led on the talks with Staveley, Simon had called Jamie and confirmed that was correct. “They had a look apparently, but it didn’t go anywhere,” the spokesman said. On Tuesday Ashley, who wants £350m for the club he has owned for approaching 11 years, broke his silence of three months since putting the club up for sale, by denying that there is any deal “on the table” from Staveley, or that discussions are still being held with her. Staveley and her camp say they made the revised offer of £250m in December via a London lawyer, and have been waiting for a month for Ashley to come back to them. Staveley’s representative said there was an agreement with the Reuben family, and there had been no need to engage further with them since December, or for them to commit any funds, because no further progress had been made with Ashley. Link to post Share on other sites More sharing options...
Figures 1-0 Football Posted January 18, 2018 Share Posted January 18, 2018 So it’s not completely out of the question that she could find another co-investor? Hence why it’s dragging on and maybe that is the progress that Caulkin referred to, her finding someone else to go in with her. Link to post Share on other sites More sharing options...
KaKa Posted January 18, 2018 Share Posted January 18, 2018 So it’s not completely out of the question that she could find another co-investor? Hence why it’s dragging on and maybe that is the progress that Caulkin referred to, her finding someone else to go in with her. Yeah, think she's possibly looking to get another backer since that initial bid was turned down. Hence the fat dollops's frustration. Link to post Share on other sites More sharing options...
sbnufc Posted January 18, 2018 Share Posted January 18, 2018 In the Forbes World Billionaires of 2017, they were listed as the 65th richest in the world with a net wealth of $15.3B – about £11B. £11bn and can't spare an extra £50m to buy a football club. Tight bastards Link to post Share on other sites More sharing options...
healthyaddiction Posted January 18, 2018 Share Posted January 18, 2018 All that article says is that they're one of the investors right? There may have been several feasibly? Every where I see people reporting this as the only investor pulling out but I don't see that in the article at all. Might be my lack of business understanding though. Link to post Share on other sites More sharing options...
KaKa Posted January 18, 2018 Share Posted January 18, 2018 All that article says is that they're one of the investors right? There may have been several feasibly? Every where I see people reporting this as the only investor pulling out but I don't see that in the article at all. Might be my lack of business understanding though. Would you want multiple people involved each with different stakes in the club? probably not I'd imagine? Link to post Share on other sites More sharing options...
TRon Posted January 18, 2018 Share Posted January 18, 2018 I hope this puts an end to all these so called ITKs. Bunch of useless knackers. I think it will, and thank fuck for that. Link to post Share on other sites More sharing options...
Kanj Posted January 18, 2018 Share Posted January 18, 2018 Arsenal is owned as a partnership. Link to post Share on other sites More sharing options...
loki679 Posted January 18, 2018 Share Posted January 18, 2018 I hope this puts an end to all these so called ITKs. Bunch of useless knackers. I think it will, and thank fuck for that. Apart from Dokko. He was spot on Link to post Share on other sites More sharing options...
KaKa Posted January 18, 2018 Share Posted January 18, 2018 Think the really disappointing thing in all of this is that of all the wealthy contacts she has, the best she could drum up was a pair of bros from London that maxed out at one bid and were out. Think that lets us know that no one is really keen on Newcastle as things stand, and so that fat nitwit is likely going to be around for a while. Link to post Share on other sites More sharing options...
TRon Posted January 18, 2018 Share Posted January 18, 2018 I hope this puts an end to all these so called ITKs. Bunch of useless knackers. I think it will, and thank fuck for that. Apart from Dokko. He was spot on Aye, well you would expect Charnley to have a better handle on it than most others. Link to post Share on other sites More sharing options...
Zero Posted January 18, 2018 Share Posted January 18, 2018 I wonder what will happen if PCP did take over the club. Say Rafa requests 50m to rebuild the team, and so this amount has to get all investors consensus before Rafa can conclude any deals? Link to post Share on other sites More sharing options...
healthyaddiction Posted January 18, 2018 Share Posted January 18, 2018 All that article says is that they're one of the investors right? There may have been several feasibly? Every where I see people reporting this as the only investor pulling out but I don't see that in the article at all. Might be my lack of business understanding though. Would you want multiple people involved each with different stakes in the club? probably not I'd imagine? I'd assume it wouldn't work like that. Link to post Share on other sites More sharing options...
Figures 1-0 Football Posted January 18, 2018 Share Posted January 18, 2018 All that article says is that they're one of the investors right? There may have been several feasibly? Every where I see people reporting this as the only investor pulling out but I don't see that in the article at all. Might be my lack of business understanding though. Would you want multiple people involved each with different stakes in the club? probably not I'd imagine? I'd assume it wouldn't work like that. I’m sure an ‘expert’ will be along any minute to tell us. Link to post Share on other sites More sharing options...
healthyaddiction Posted January 18, 2018 Share Posted January 18, 2018 All that article says is that they're one of the investors right? There may have been several feasibly? Every where I see people reporting this as the only investor pulling out but I don't see that in the article at all. Might be my lack of business understanding though. Would you want multiple people involved each with different stakes in the club? probably not I'd imagine? I'd assume it wouldn't work like that. I’m sure an ‘expert’ will be along any minute to tell us. A lot of people were reporting it as a consortium lead by Amanda. So it wouldn't exactly be a surprise. Link to post Share on other sites More sharing options...
KaKa Posted January 18, 2018 Share Posted January 18, 2018 All that article says is that they're one of the investors right? There may have been several feasibly? Every where I see people reporting this as the only investor pulling out but I don't see that in the article at all. Might be my lack of business understanding though. Would you want multiple people involved each with different stakes in the club? probably not I'd imagine? I'd assume it wouldn't work like that. I’m sure an ‘expert’ will be along any minute to tell us. Well count me out. I'm not even going to pretend to know. Just want the fat man gone. Link to post Share on other sites More sharing options...
Guest dabe Posted January 18, 2018 Share Posted January 18, 2018 Bet Ashley is gutted this didn't come out straight after the transfer deadline the smokescreen fabricating cunt. Link to post Share on other sites More sharing options...
Si Posted January 18, 2018 Share Posted January 18, 2018 Bet Ashley is gutted this didn't come out straight after the transfer deadline the smokescreen fabricating c***. He released it that's how fucking thick he is. Link to post Share on other sites More sharing options...
mighty__mag Posted January 18, 2018 Share Posted January 18, 2018 Somebody with more intelligence explain this to me, please. Who exactly was buying the club here? PCP or Reuben Brothers? Did RB hire Staveley to do the bidding on their behalf, or did she decide one day that she wanted to buy it, and then went out to look for backers? So we might have possibly had a PCP/RB partnership? I posted two links yesterday how staveley operates. Have a look, it gives you an idea. Link to post Share on other sites More sharing options...
Hudson Posted January 18, 2018 Share Posted January 18, 2018 Arsenal is owned as a partnership. Yeah thats not going well for them is it. https://www.theguardian.com/football/2017/oct/06/arsenal-impasse-fans-frustrations-kroenke-usmanov Link to post Share on other sites More sharing options...
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