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Various: Mike Ashley in talks with Sheikh Khaled bin Zayed Al Nehayan


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I was wrong then.

 

What a w*****.

 

First we find out Piers Morgan is a sex offender and now Haydn is a liar. What next?

Hads on, Haydn's a liar. And also I learnt earlier on that buyers are liars.

 

c3deace29694889da279f8d8dcff7d4e.jpg

 

Could it be?

Yes. I'm buying the club.
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SSN just delivered an ‘update’.

 

Basically that negotiations are ongoing. Nowt new.

 

They love an update and then just tell you exactly what they've told you all day.

 

They are clever with how they word it.

 

‘We told you yesterday that MA has received a formal takeover bid and now we can tell you...’

*reaches for the Radox and turns the taps on*

...‘negotiations have continued today’

:okay:

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Maybe that's what the relegation clause is about? If the process of completing the deal takes that long then maybe they're thinking it might be concluded late into the January window leaving them little time to get players in?

 

This 100%. It's the only thing that makes any sense, and they have every right to insert that clause to try and speed up the process. If Ashley wants to take his sweet ass time and allow January to pass without any investment, we could be in serious danger of going down.

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Having a clause which increases the value of the sale price in the event of PL survival is just an 'earn-out' and is a pretty common feature for transactions in volatile sectors, especially with such a huge binary factor like this. It also helps to remind Ashley of what the club might be worth to him if the sale is dropped and the season nosedives.

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Having a clause which increases the value of the sale price in the event of PL survival is just an 'earn-out' and is a pretty common feature for transactions in volatile sectors, especially with such a huge binary factor like this. It also helps to remind Ashley of what the club might be worth to him if the sale is dropped and the season nosedives.

 

:thup:

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Pure speculation here...

 

If, and its a fucking big IF, there are/were relegation clauses worded in to the bid somehow I think it is only being used as a jostling tactic to a more attractive but fundamentally similar offer.

 

The first question to ask is where is all this info coming from, does it all just boil down to twitter rumours being picked up in a 2017 version of Chinese Whispers? Fair enough for the news to leak out that a bid has been tabled, but to then get into the forensics of clauses within said bid - I'd take all that with a heavy dose of salt.

 

If the bid for cash was around the 270/280m mark it is basically offering Ashley his money back (including the loan) and ignoring the benefit his other business dealings have enjoyed through 10 years of association. One which he isn't going to accept because he will want some kind of compensation for that loss of assosciation. Not rational in a logical sense perhaps but probably very valid in a business sense.

 

The possible 350m bid of 200m now plus 3 x 50m installments is an attractive offer, (if you remove the relegation clause). He won't accept that one because of the potential unknowns, inserted clauses.

 

So you go back with a bid of, say, 310m and what looks like an olive branch of, say, 50% reduced advertsing space for the next two years. Now he has less to baulk at, and if he truly understands what happens to the club should he not sell it becomes even more attractive. He makes a (small) profit and gets, an albeit reduced, continued exposure for a set period.

 

My only fear is he is such an egotistical psycho, he'll hate to be perceived as being the victim in a game of 'oneupmanship', that he cuts his nose off to spite his face and we spend the forseeable future staring up at the Premiership from the lower leagues. What's probably important to him is that the deal looks like he did well, even if ultimately the news comes out later that it wasn't as good as it was made to appear. By then the meme is out that Ashley did well and not many will be paying attention to the actual fine details.

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Maybe that's what the relegation clause is about? If the process of completing the deal takes that long then maybe they're thinking it might be concluded late into the January window leaving them little time to get players in?

 

This 100%. It's the only thing that makes any sense, and they have every right to insert that clause to try and speed up the process. If Ashley wants to take his sweet ass time and allow January to pass without any investment, we could be in serious danger of going down.

Are we 100% confident that the HMRC issue is not going to result in a points deduction or worse?  That may be why there is a clause, although it is doubtful that any investigation by HMRC will be concluded this season

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Pure speculation here...

 

If, and its a fucking big IF, there are/were relegation clauses worded in to the bid somehow I think it is only being used as a jostling tactic to a more attractive but fundamentally similar offer.

 

The first question to ask is where is all this info coming from, does it all just boil down to twitter rumours being picked up in a 2017 version of Chinese Whispers? Fair enough for the news to leak out that a bid has been tabled, but to then get into the forensics of clauses within said bid - I'd take all that with a heavy dose of salt.

 

If the bid for cash was around the 270/280m mark it is basically offering Ashley his money back (including the loan) and ignoring the benefit his other business dealings have enjoyed through 10 years of association. One which he isn't going to accept because he will want some kind of compensation for that loss of assosciation. Not rational in a logical sense perhaps but probably very valid in a business sense.

 

The possible 350m bid of 200m now plus 3 x 50m installments is an attractive offer, (if you remove the relegation clause). He won't accept that one because of the potential unknowns, inserted clauses.

 

So you go back with a bid of, say, 310m and what looks like an olive branch of, say, 50% reduced advertsing space for the next two years. Now he has less to baulk at, and if he truly understands what happens to the club should he not sell it becomes even more attractive. He makes a (small) profit and gets, an albeit reduced, continued exposure for a set period.

 

My only fear is he is such an egotistical psycho, he'll hate to be perceived as being the victim in a game of 'oneupmanship', that he cuts his nose off to spite his face and we spend the forseeable future staring up at the Premiership from the lower leagues. What's probably important to him is that the deal looks like he did well, even if ultimately the news comes out later that it wasn't as good as it was made to appear. By then the meme is out that Ashley did well and not many will be paying attention to the actual fine details.

 

#itried

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SSN just delivered an ‘update’.

 

Basically that negotiations are ongoing. Nowt new.

 

Interested to see what Odin thinks of this

 

I think another month will go by before we have any real update on the situation.

 

Also even if it does go through in late December / early January, it shouldn’t effect the transfer window.

 

Remember when City were taken over.. they wrote some sort of promissory note so that they could sign Robinho.

 

Even if the takeover isn’t completed, if a buyer is serious they should be able to do this so that we can invest to stay up.

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SSN just delivered an ‘update’.

 

Basically that negotiations are ongoing. Nowt new.

 

Interested to see what Odin thinks of this

 

I think another month will go by before we have any real update on the situation.

 

Also even if it does go through in late December / early January, it shouldn’t effect the transfer window.

 

Remember when City were taken over.. they wrote some sort of promissory note so that they could sign Robinho.

 

Even if the takeover isn’t completed, if a buyer is serious they should be able to do this so that we can invest to stay up.

 

You've changed your tune.

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The involvement of Freshfields in all this can only be a very good thing Shirley? Nothing to say Chris Mort is involved personally but it's a third party that has knowledge of both NUFC and Ashley.

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In fact he probably is involved:

 

In addition to his time as Chairman of Newcastle United, Chris leads our sports practice and has advised on numerous matters in the sports sector, such as the enforced changes of ownership at both Liverpool and West Ham United, CVC on its acquisition of Formula One Administration, on aspects of the London 2012 Olympic Games and numerous stakeholders (such as clubs, owners, sponsors, retailers, gaming companies and broadcasters) on their interests in the sports sector.
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In fact he probably is involved:

 

In addition to his time as Chairman of Newcastle United, Chris leads our sports practice and has advised on numerous matters in the sports sector, such as the enforced changes of ownership at both Liverpool and West Ham United, CVC on its acquisition of Formula One Administration, on aspects of the London 2012 Olympic Games and numerous stakeholders (such as clubs, owners, sponsors, retailers, gaming companies and broadcasters) on their interests in the sports sector.

 

It will depend on what else he's working on and if he's already working for someone else on another deal under an exclusivity agreement. Unlikely I would guess so probably involved.

 

The firm working for Ashley advised Sir John Hall on his sale to Ashley.

 

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In fact he probably is involved:

 

In addition to his time as Chairman of Newcastle United, Chris leads our sports practice and has advised on numerous matters in the sports sector, such as the enforced changes of ownership at both Liverpool and West Ham United, CVC on its acquisition of Formula One Administration, on aspects of the London 2012 Olympic Games and numerous stakeholders (such as clubs, owners, sponsors, retailers, gaming companies and broadcasters) on their interests in the sports sector.

 

It will depend on what else he's working on and if he's already working for someone else on another deal under an exclusivity agreement. Unlikely I would guess so probably involved.

 

The firm working for Ashley advised Sir John Hall on his sale to Ashley.

 

 

:thup:

 

Surely use of these two particular firms shows just how serious both parties are about making a deal.

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