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

Yorkie

by Yorkie
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B-more Mag

B-more Mag

Posted
Posted

Based on what I do know--which isn't any greater than anyone else who's not directly involved--I'd probably feel more comfortable in the PL's position than NUFC's.

 

Section X.5. In the case of a Board Dispute, the only grounds for review shall be that the decision:

 

    X.5.1. was reached outside the jurisdiction of the Board;

 

    X.5.2. could not have been reached by any reasonable Board which had applied its mind properly to the issues to be decided;

 

    X.5.3. was reached as a result of fraud, malice or bad faith; or

 

    X.5.4. was contrary to English law; and

 

directly and foreseeably prejudices the interests of a Person or Persons who were in the contemplation of the Board at the time that the decision was made as being directly affected by it and who suffer loss as a result of that decision.

 

X.5.1 -- Can't see this being an issue. The determination of KSA being a director is pretty squarely within the Board's remit.

 

X.5.2 -- From what I've seen, I wouldn't feel great having to prove this. But, again, I don't know what evidence NUFC has.

 

X.5.3 -- Maybe, if they can cobble evidence sufficient to establish that the whole director thing is artifice and the real issue is the IP/broadcasting stuff.

 

X.5.4 -- I've got no clue.

 

I can't imagine NUFC would have any problem establishing the final part, about its interests being prejudiced or suffering loss.

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Dr Jinx

Dr Jinx

Posted
Posted

I’d call what’s going on as a game of chess at the moment by the legal team.

 

They might have expected to lose today’s verdict, the victory might be that the information is now in the public domain.

 

Things inevitably leak out. If the PL have been dishonest in how they’ve conducted themselves there might be more to come out where they will eventually decide it’s not worth playing all of this out, as even if the proceedings are not going to be public, the ruling will be.

 

 

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Yorkie

Yorkie

Posted
Posted

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?

 

It's closer to a resolution but there's nothing to be gleaned from today with regards to whether or not we'll eventually get the result we want.

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GWN

GWN

Posted
Posted

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?

 

Log off, stop the dream and you will find peace mate  O0

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Awaymag

Awaymag

Posted
Posted

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!

 

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Fantail Breeze

Fantail Breeze

Posted
Posted

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.

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Fantail Breeze

Fantail Breeze

Posted
Posted

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).

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SweMag

SweMag

Posted
Posted

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?  ;)

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Fantail Breeze

Fantail Breeze

Posted
Posted

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 :lol:

 

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 :lol: A lot has happened in the last 12 months.

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SweMag

SweMag

Posted
Posted

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 :lol:

 

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 :lol: A lot has happened in the last 12 months.

 

PZ Newco Limited, PZ as in Project Zebra. Amazing if you didn’t noticed it!  O0

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Dr Jinx

Dr Jinx

Posted
Posted

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

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et tu brute

et tu brute

Posted
Posted

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.

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Wallsendmag

Wallsendmag

Posted
Posted

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.

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