Takeover Thread - July 1st statement, Staveley letter to Tracey Crouch (and response) in OP

[Fantail Breeze]

The hearing was published on 24/02/2021.

 

Maybe cynical of me, but interesting NUFC decided to release a statement drawing attention to it today. Certainly takes the conversation away from Bruce.

 

Also interesting no journalists were aware of it (or even aware the hearing took place in January).

[SweMag]

So after all of the companies house searching... This is the one we needed:

 

https://find-and-update.company-information.service.gov.uk/company/12388231

 

Interesting date of incorporation...

 

Explain the date

 

The company set up by the consortium to take over NUFC was incorporated in very early January 2020. News didn’t break until late January/early February IIRC. The deal was obviously at a very, very advanced stage by that point.

 

Just goes to show how little anyone knew about it really. Also interesting we were still pissing around with the O&D test 6 months later.

 

Edit - also reveals Staveley’s husband is likely to play a key role in the club too.

 

I thought everyone knew this? Where have you been for the past 14 months? 

[Fantail Breeze]

So after all of the companies house searching... This is the one we needed:

 

https://find-and-update.company-information.service.gov.uk/company/12388231

 

Interesting date of incorporation...

 

Explain the date

 

The company set up by the consortium to take over NUFC was incorporated in very early January 2020. News didn’t break until late January/early February IIRC. The deal was obviously at a very, very advanced stage by that point.

 

Just goes to show how little anyone knew about it really. Also interesting we were still pissing around with the O&D test 6 months later.

 

Edit - also reveals Staveley’s husband is likely to play a key role in the club too.

 

I thought everyone knew this? Where have you been for the past 14 months? 

 

The whole of 2020 was spent looking at every company Staveley set up

 

I don’t recall this specific one ever being focused on tbf. I also didn’t personally realise her husband was going to be so involved (as in being listed as a Director).

 

Maybe I did know A lot has happened in the last 12 months.

[SweMag]

So after all of the companies house searching... This is the one we needed:

 

https://find-and-update.company-information.service.gov.uk/company/12388231

 

Interesting date of incorporation...

 

Explain the date

 

The company set up by the consortium to take over NUFC was incorporated in very early January 2020. News didn’t break until late January/early February IIRC. The deal was obviously at a very, very advanced stage by that point.

 

Just goes to show how little anyone knew about it really. Also interesting we were still pissing around with the O&D test 6 months later.

 

Edit - also reveals Staveley’s husband is likely to play a key role in the club too.

 

I thought everyone knew this? Where have you been for the past 14 months? 

 

The whole of 2020 was spent looking at every company Staveley set up

 

I don’t recall this specific one ever being focused on tbf. I also didn’t personally realise her husband was going to be so involved (as in being listed as a Director).

 

Maybe I did know A lot has happened in the last 12 months.

 

PZ Newco Limited, PZ as in Project Zebra. Amazing if you didn’t noticed it! 

[Dr Jinx]

That’s just Staveleys company

 

NCUK Investment Limited was another important one too as that has Yasir Alrumayyan listed as a director.

 

Also the Reuben Brothers have RB Sports & Media.

 

There’ll be nothing happening in those until there’s a breakthrough with the PL

[Wandy]

Well listening to this cheered me up no end. NOT.

 

https://podcasts.apple.com/gb/podcast/nufc-podcast-takeovers-treason-what-is-going-on-at/id922005191?i=1000511743132

 

The special guest basically took a gigantic dump over today's procedings and pretty much wrote the takeover off.

[et tu brute]

Well listening to this cheered me up no end. NOT.

 

https://podcasts.apple.com/gb/podcast/nufc-podcast-takeovers-treason-what-is-going-on-at/id922005191?i=1000511743132

 

The special guest basically took a gigantic dump over today's procedings and pretty much wrote the takeover off.

 

 

If you listen to the gallowgate shots podcast, the female lawyer (Shell) gives a different interpretation as to why it was done. There is 2 lawyers, neither involved, neither really knowing what’s happening giving two different views.  Best to wait for the official lines not opinions.

[New Beginnings]

Lost the high court case to Barclays

Lost 2 cases on pre-arbitration

 

All in the last month

 

It's going so well 🙄

[GWN]

There’s been NOTHING positive this year , or last ffs.

[Wallsendmag]

Well listening to this cheered me up no end. NOT.

 

https://podcasts.apple.com/gb/podcast/nufc-podcast-takeovers-treason-what-is-going-on-at/id922005191?i=1000511743132

 

The special guest basically took a gigantic dump over today's procedings and pretty much wrote the takeover off.

 

 

If you listen to the gallowgate shots podcast, the female lawyer (Shell) gives a different interpretation as to why it was done. There is 2 lawyers, neither involved, neither really knowing what’s happening giving two different views.  Best to wait for the official lines not opinions.

 

Tbf Shell doesn't really know anything. She is a newly qualified solicitor and has zero experience in this field of law as she's never practised in it. Before last August she was telling everyone there was no way this takeover could fail (and in her own words explained why) then it did fail and she's now spent the last 6 months telling everyone why it won't come off. She's built a big social media following off the back of it I'll give her that. My wife has been a solicitor for almost 20 years and practises in similar fields of law to Shell and would be first to admit she wouldn't have a clue how this might play out.

[et tu brute]

Well listening to this cheered me up no end. NOT.

 

https://podcasts.apple.com/gb/podcast/nufc-podcast-takeovers-treason-what-is-going-on-at/id922005191?i=1000511743132

 

The special guest basically took a gigantic dump over today's procedings and pretty much wrote the takeover off.

 

 

If you listen to the gallowgate shots podcast, the female lawyer (Shell) gives a different interpretation as to why it was done. There is 2 lawyers, neither involved, neither really knowing what’s happening giving two different views.  Best to wait for the official lines not opinions.

 

Tbf Shell doesn't really know anything. She is a newly qualified solicitor and has zero experience in this field of law as she's never practised in it. Before last August she was telling everyone there was no way this takeover could fail (and in her own words explained why) then it did fail and she's now spent the last 6 months telling everyone why it won't come off. She's built a big social media following off the back of it I'll give her that. My wife has been a solicitor for almost 20 years and practises in similar fields of law to Shell and would be first to admit she wouldn't have a clue how this might play out.

 

I agree what I’m trying to say is neither know what’s going on as they’re not involved.

[Danh1]

I find it difficult to see how the deal could go through before the result of any legal action. It just seems that the PL are adamant they don’t want it to go through, unless something seriously changes with the Saudi’s I cannot see that changing.

[Paully]

[Wallsendmag]

Well listening to this cheered me up no end. NOT.

 

https://podcasts.apple.com/gb/podcast/nufc-podcast-takeovers-treason-what-is-going-on-at/id922005191?i=1000511743132

 

The special guest basically took a gigantic dump over today's procedings and pretty much wrote the takeover off.

 

 

If you listen to the gallowgate shots podcast, the female lawyer (Shell) gives a different interpretation as to why it was done. There is 2 lawyers, neither involved, neither really knowing what’s happening giving two different views.  Best to wait for the official lines not opinions.

 

Tbf Shell doesn't really know anything. She is a newly qualified solicitor and has zero experience in this field of law as she's never practised in it. Before last August she was telling everyone there was no way this takeover could fail (and in her own words explained why) then it did fail and she's now spent the last 6 months telling everyone why it won't come off. She's built a big social media following off the back of it I'll give her that. My wife has been a solicitor for almost 20 years and practises in similar fields of law to Shell and would be first to admit she wouldn't have a clue how this might play out.

 

I agree what I’m trying to say is neither know what’s going on as they’re not involved.

 

Yeah that's pretty much it. My point was directed more at her pre August when she was adamant she knew exactly what was going to happen just because she's a solicitor when in reality she had no more of an idea than you or I. She was wrong back then and now she's totally changed her narrative. She's gained around 15k followers on Twitter though so I'm sure she's not too bothered!

 

 

[Wilson]

The PL are so determined to stop it that I just can't see us getting our way.

[et tu brute]

The PL are so determined to stop it that I just can't see us getting our way.

 

 

Doesn’t matter what they want it’s what is legally correct. We will just have to wait and see as none of us know, however I will say if they were so sure on their legal stand why didn’t they just reject it initially.

[Dokko]

I'd feel a fuck tonne better if we had official confirmation from the ME that the piracy issues are put to bed and they are all friends again. If that happened before any further legal proceedings you'd like to think the PL back down and almost gift us the case (to then state to any club 'we tried')

[Armchair Pundit]

The PL are so determined to stop it that I just can't see us getting our way.

 

 

Doesn’t matter what they want it’s what is legally correct. We will just have to wait and see as none of us know, however I will say if they were so sure on their legal stand why didn’t they just reject it initially.

 

The thing is, legally or not, if there's enough corruption at the top it won't matter, who's going to stop them from doing whatever they want? Grease the palm of the right person and the PL can do whatever they want.

[RS]

So can anyone explain to me, as if I was a six year old, what's going on?

Is the takeover any closer or more far away than it was yesterday?

 

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.

[Hhtoon]

I'd feel a fuck tonne better if we had official confirmation from the ME that the piracy issues are put to bed and they are all friends again. If that happened before any further legal proceedings you'd like to think the PL back down and almost gift us the case (to then state to any club 'we tried')

 

Hasn't this shown that the piracy issue is moot anyway? MBS is never going to allow himself to be entered as an owner or director anyway, and piracy isn't linked to PIF, except via MBS.

 

This is about treating them separately, if we win that, then piracy is irrelevant. If we lose, then MBS etc need to be tested, and that isn't happening either way.

 

I think 

[Whitley mag]

So can anyone explain to me, as if I was a six year old, what's going on?

Is the takeover any closer or more far away than it was yesterday?

 

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 s*** being touted.

 

You do realise Mitch, Steve Hastie and Keith have been talking about Delaware companies and the Palace ownership for weeks ?

[RS]

Perhaps if you posted it instead of your Twitter bombing it may have got noticed.

[Wilson]

The PL are so determined to stop it that I just can't see us getting our way.

 

 

Doesn’t matter what they want it’s what is legally correct. We will just have to wait and see as none of us know, however I will say if they were so sure on their legal stand why didn’t they just reject it initially.

 

The thing is, legally or not, if there's enough corruption at the top it won't matter, who's going to stop them from doing whatever they want? Grease the palm of the right person and the PL can do whatever they want.

 

Exactly, this is where I'm at.  They simply don't want it to happen, and I fully expect them to get their way.

[et tu brute]

The PL are so determined to stop it that I just can't see us getting our way.

 

 

Doesn’t matter what they want it’s what is legally correct. We will just have to wait and see as none of us know, however I will say if they were so sure on their legal stand why didn’t they just reject it initially.

 

The thing is, legally or not, if there's enough corruption at the top it won't matter, who's going to stop them from doing whatever they want? Grease the palm of the right person and the PL can do whatever they want.

 

 

Then the club will have a field day in court if that’s the case and again why have they not rejected it already then. I’ve always been 50/50 on the takeover going through as I don’t know the legal stand regards separation. I do think the stopper will be if we get relegated as I’ve mentioned before.

[Fantail Breeze]

If it was that straightforward why wouldn’t the consortium just set up an investment vehicle through a Delaware company?

 

Something tells me things have changed since 2015, or the PL do know exactly who owns Palace.