Sean Posted March 4, 2019 Share Posted March 4, 2019 I'm not ITK on the detail of the deal nor that specific point but I'd hazard a guess that Ashley wanted to put some of the fire out and told Kenyon that penning the letter would both reflect well on PK AND MA and also be a chance to talk directly to his future client base. PK probably saw it as a positive in terms of keeping the seller on side. When you're in 'deal mode' sometimes you go with the flow to get the thing done. Getting Ashley on side would be a big positive for any potential buyer and it cost PK nothing. In every single deal of this size the buyers AND sellers will have to make concessions in exchange for something. Ashley might have asked PK to put something out in exchange for exclusivity and and agreement that he'd talk to nobody else. If you really wanted to buy NUFC, and thought it could happen, that you were in the box seat, what harm a one page letter? I'd have done it if I thought it would mean the deal was more likely to conclude on positive terms. All sorts of weird shit happens when people are making deals of this size. Politics/Personalities/Ego's/Favours/Manipulation. And that's before you factor in the man-child of an owner we have. PK is probably fucked off that Ashley got him to do that and then effectively changed his mind about a deal. I don't know who PK's backers were but I should doubt very much if pure finance was the reason this fell over. I rather suspect it was the commercial terms/tie-in's that did that. If you broadly know the price is circa £300m then you don't knock on the door when you only have access to £200m. That just doesn't happen. I feel that both sides had done sufficient homework for PK to know the deal stood a good chance of working financially and that MA had done his homework on PK and his backers. For one thing, MA's Lawyers, always ask for proof of funds before sending out the deal packs etc. Just because PK could potentially get his hands on £300m (which isn't that hard btw) that doesn't mean his backers would be comfortable at writing off x% of profit every year because Ashley wanted a cut or a long term incentivised exit. Fair enough, either way Kenyon was either extremely naive to believe Ashley or he earned a few quid for going along with it all. Doesn't really matter which as either way, as everyone could predict, it ends with no sale. Link to post Share on other sites More sharing options...
geordie john Posted March 4, 2019 Share Posted March 4, 2019 If , if , if ... ffs give it up ... My thoughts exactly. FCB's track record is pretty consistent. In fact totally consistent. Sweet FA transfer budget, sweet Fa anything. Link to post Share on other sites More sharing options...
Bimpy474 Posted March 4, 2019 Share Posted March 4, 2019 My opinion is buyers have looked at the books and value the club for less than what Ashley wants, no one is touching Ashley value as it's too much once they know the ins and outs of the business. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted March 4, 2019 Share Posted March 4, 2019 We all know Ashley won’t do a deal unless he’s absolutely mugging off the other party. Link to post Share on other sites More sharing options...
tinoasprilla Posted March 4, 2019 Share Posted March 4, 2019 It's not Worth the asking price partly because it's a shell of a club ran into the ground. Every part of it needs investment. You wouldn't pay top dollar for a house that was a shit hole inside Link to post Share on other sites More sharing options...
Tribesman Posted March 5, 2019 Share Posted March 5, 2019 https://twitter.com/MsiDouglas/status/1103006192333393923 Link to post Share on other sites More sharing options...
NUFC_Chris Posted March 5, 2019 Share Posted March 5, 2019 He could pick them up for peanuts, which is all he has me thinks. Link to post Share on other sites More sharing options...
Stifler Posted March 5, 2019 Share Posted March 5, 2019 Obviously never had the money and obviously never had any real long term plans if he’s gone from us to Bolton within 2-3 months. Link to post Share on other sites More sharing options...
morla84 Posted March 5, 2019 Share Posted March 5, 2019 Would probably need to have a whip round to afford an O2 pay as you go bolt on from the sounds of things Link to post Share on other sites More sharing options...
Mr Logic Posted March 5, 2019 Share Posted March 5, 2019 Bolton were in the Premier League from 01/02 until 11/12. Not difficult to imagine them back with a bit of backing - a project for some investors unwilling to get shafted by Ashley. Time will tell. Link to post Share on other sites More sharing options...
Stifler Posted March 5, 2019 Share Posted March 5, 2019 Bolton were in the Premier League from 01/02 until 11/12. Not difficult to imagine them back with a bit of backing - a project for some investors unwilling to get shafted by Ashley. Time will tell. They are on the verge of going into League 1. It will be a tough job to turn them around, assuming they have enough to come straight back up or manage to survive, the Championship is becoming a very competitive league and far more difficult to get promoted out of than it ever was. Link to post Share on other sites More sharing options...
madras Posted March 5, 2019 Share Posted March 5, 2019 We all know Ashley won’t do a deal unless he’s absolutely mugging off the other party. The mugging won't be in the price. I reckon the price he's put around has been fair enough to get interest. It's what goes with it that makes possible buyers alter their price or walk away. It'll be on going advertising, Rangers style merchandising deals and probably more. Link to post Share on other sites More sharing options...
ToonArmy1892 Posted March 6, 2019 Share Posted March 6, 2019 Honestly, i think the summer is going to be VERY interesting, Ashley has to be mad to gladly see Rafa go. Link to post Share on other sites More sharing options...
Robster Posted March 6, 2019 Share Posted March 6, 2019 Honestly, i think the summer is going to be VERY interesting, Ashley has to be mad to gladly see Rafa go. Rafa doesn't lick his hoop. He'll be glad to see the back of him. Link to post Share on other sites More sharing options...
1964 Posted March 6, 2019 Share Posted March 6, 2019 Honestly, i think the summer is going to be VERY interesting, Ashley has to be mad to gladly see Rafa go. Rafa doesn't lick his hoop. He'll be glad to see the back of him. I don’t think he will, he’s got Gordon Ramsay running a Macdonalds. He’s just too short-sighted and disinterested to make it work Link to post Share on other sites More sharing options...
NG32 Posted March 6, 2019 Share Posted March 6, 2019 Honestly, i think the summer is going to be VERY interesting, Ashley has to be mad to gladly see Rafa go. Weve done this for almost 12 years now. Link to post Share on other sites More sharing options...
Shearergol Posted March 6, 2019 Share Posted March 6, 2019 Honestly, i think the summer is going to be VERY interesting, Ashley has to be mad to gladly see Rafa go. Weve done this for almost 12 years now. #wait Link to post Share on other sites More sharing options...
Boo Boy Posted March 6, 2019 Share Posted March 6, 2019 Rafa will leave when his contract expires 100%. Alan Pardew is being lined up to return (yes seriously!) Link to post Share on other sites More sharing options...
Rocker Posted March 6, 2019 Share Posted March 6, 2019 As if I needed another reason to turn my back. Link to post Share on other sites More sharing options...
Darth Crooks Posted March 6, 2019 Share Posted March 6, 2019 Rafa will leave when his contract expires 100%. Alan Pardew is being lined up to return (yes seriously!) Must...not....bite....ungh... Link to post Share on other sites More sharing options...
TBG Posted March 6, 2019 Share Posted March 6, 2019 Finally, some attacking football after years of Rafa's snooze fest. Link to post Share on other sites More sharing options...
Guest reefatoon Posted March 6, 2019 Share Posted March 6, 2019 Rafa will leave when his contract expires 100%. Alan Pardew is being lined up to return (yes seriously!) Must...not....bite....ungh... Pardew does not have the clems to ever consider coming back........Allardyce on the other hand would revel in it the cunt that he is. Link to post Share on other sites More sharing options...
Darth Crooks Posted March 6, 2019 Share Posted March 6, 2019 Girl I’m make you fret, fret til you can’t fret no more... Link to post Share on other sites More sharing options...
polkaDot Posted March 6, 2019 Share Posted March 6, 2019 What's Kenyons history with Rafa? What chance is there of him buying Bolton and offering Rafa a job & a £60 million war chest? Link to post Share on other sites More sharing options...
Deuce Posted March 6, 2019 Share Posted March 6, 2019 We've had some people on record here who are trusted NO posters say they had some first hand knowledge that Kenyon was 100% genuine with his intentions; same with Amanda Staveley's bid, backed up by the local respected journos (both for that matter). My assumption is Kenyon's initial backing/backers only were willing to put up X and it was short of MA's valuation, so he was looking to either up his bid with other investors (and failed) or trying to force Ashley to sell at a lower price (NOW) and offer tiered payments and earn outs if certain significant hurdles were met. Occam’s Razor suggests this is the most likely explanation. Far too much tin foil hattery around all this. Link to post Share on other sites More sharing options...
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