The Prophet Posted March 10, 2021 Share Posted March 10, 2021 Let's be honest, we have no solid evidence PIF ever came back to the table. We know Ashley has taken the PL to arbitration, but we don't know to what end. You mean aside from every journalist including the negative ones saying they are there waiting for a takeover. Aside from companies house documents linked to PIF and our club being continued on Companies house only a day ago. Aside from the club releasing a statement a few days ago saying they were pushing for this takeover to go through. I was very positive it would go through until PIF withdrew. It turns out a lot of journalists were misled by their sources, so I certainly wouldn't be in a rush to believe them this time around. Similarly the higher ups at the club are proven liars so I'd take that with a pinch of salt too. The Companies House stuff is interesting though. As is the stuff linked to Stavely's case against Barclays. I'd be absolutely delighted if it went through and we could finally look forward to rebuilding the club, but I wouldn't be at all suprised if arbitration ended with a tidy settlement for Mike and everyone moving on. Link to post Share on other sites More sharing options...
The Prophet Posted March 10, 2021 Share Posted March 10, 2021 Yeah. I dunno where I'm at re whether or not there'll be a positive conclusion, but I think the Saudis are still interested. And the ruling the other day made it clear what the objective of arbitration was. If arbitration goes our way, we can have our takeover. If it went our way, would it not mean the PL had to come to a decision (as opposed to leaving us hanging again)? Link to post Share on other sites More sharing options...
Thumbheed Posted March 10, 2021 Share Posted March 10, 2021 Let's be honest, we have no solid evidence PIF ever came back to the table. We know Ashley has taken the PL to arbitration, but we don't know to what end. You mean aside from every journalist including the negative ones saying they are there waiting for a takeover. Aside from companies house documents linked to PIF and our club being continued on Companies house only a day ago. Aside from the club releasing a statement a few days ago saying they were pushing for this takeover to go through. I was very positive it would go through until PIF withdrew. It turns out a lot of journalists were misled by their sources, so I certainly wouldn't be in a rush to believe them this time around. Similarly the higher ups at the club are proven liars so I'd take that with a pinch of salt too. The Companies House stuff is interesting though. As is the stuff linked to Stavely's case against Barclays. I'd be absolutely delighted if it went through and we could finally look forward to rebuilding the club, but I wouldn't be at all suprised if arbitration ended with a tidy settlement for Mike and everyone moving on. Were they mislead by their sources or were their sources mislead by the EPL? Seems apparent that AS has been pretty much spot on with what she said after the takeover initially fell through and the talk of piracy being an issue is only really applicable to the KSA, which of course is the whole point of arbritation and the reason AS may have felt was nothing to do with them. As tenuous as that may be I dont see why they'd take any other stance. Link to post Share on other sites More sharing options...
manorpark Posted March 10, 2021 Share Posted March 10, 2021 Let's be honest, we have no solid evidence PIF ever came back to the table. We know Ashley has taken the PL to arbitration, but we don't know to what end. You mean aside from every journalist including the negative ones saying they are there waiting for a takeover. Aside from companies house documents linked to PIF and our club being continued on Companies house only a day ago. Aside from the club releasing a statement a few days ago saying they were pushing for this takeover to go through. I was very positive it would go through until PIF withdrew. It turns out a lot of journalists were misled by their sources, so I certainly wouldn't be in a rush to believe them this time around. Similarly the higher ups at the club are proven liars so I'd take that with a pinch of salt too. The Companies House stuff is interesting though. As is the stuff linked to Stavely's case against Barclays. I'd be absolutely delighted if it went through and we could finally look forward to rebuilding the club, but I wouldn't be at all suprised if arbitration ended with a tidy settlement for Mike and everyone moving on. Have you not yet heard what the Arbitration Panel are (and are not) looking into? Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted March 10, 2021 Share Posted March 10, 2021 Sounds like we wasted about 4 months challenging the neutral arbitrator, and are now considering wasting even more time appealing that failure. Nobody seems to fully understand the strategy - that third arbitrator was selected in the normal way and confirmed he was neutral. Link to post Share on other sites More sharing options...
The Prophet Posted March 10, 2021 Share Posted March 10, 2021 I have, but the parties are still able to settle. I'd imagine Mike will want his £300 million but it'll depend on how things are looking. Link to post Share on other sites More sharing options...
Yorkie Posted March 10, 2021 Share Posted March 10, 2021 Yeah. I dunno where I'm at re whether or not there'll be a positive conclusion, but I think the Saudis are still interested. And the ruling the other day made it clear what the objective of arbitration was. If arbitration goes our way, we can have our takeover. If it went our way, would it not mean the PL had to come to a decision (as opposed to leaving us hanging again)? My interpretation of the documents the other day was that arbitration will effectively concurrently consider a: whether or not the PL acted lawfully in being unsatisfied with the evidence provided to them re separation, and b: the fundamental argument regarding whether or not KSA and PIF are separate entities. You can't consider point A without considering point B, so I assume everything's going to be laid out. If either one of those two arguments land in our favour, we're good to go. I don't think we'll appeal the recent decision regarding the arbitrator. Probably just bluster. Link to post Share on other sites More sharing options...
Mattoon Posted March 10, 2021 Share Posted March 10, 2021 Another day, another meltdown, I think I'll just wait for the club or those involved in the takeover to make an official statement before I wet the bed. Since when did we take The S*n as gospel Link to post Share on other sites More sharing options...
The Prophet Posted March 10, 2021 Share Posted March 10, 2021 I'm not sure anyone has given any weight to The Sun article. Fingers crossed arbitration goes in our favour and PIF are still interested in the club. Link to post Share on other sites More sharing options...
Scoot Posted March 10, 2021 Share Posted March 10, 2021 I'm not sure anyone has given any weight to The Sun article. Fingers crossed arbitration goes in our favour and PIF are still interested in the club. They have to be still interested otherwise it would be utterly pointless Ashley paying all this money in legal fees for arbitration only for them not to be interested. Link to post Share on other sites More sharing options...
Jackie Broon Posted March 10, 2021 Share Posted March 10, 2021 I'm not sure anyone has given any weight to The Sun article. Fingers crossed arbitration goes in our favour and PIF are still interested in the club. They have to be still interested otherwise it would be utterly pointless Ashley paying all this money in legal fees for arbitration only for them not to be interested. It wouldn't be pointless, if the arbitration determines that the PL didn't act lawfully he'd probably then have a pretty strong case to take the PL to court for damages if it caused the deal to not go ahead. I'm not saying that is the reason he is or was first pursuing arbitration but it would be a reason to continue with it even if the deal is dead. Link to post Share on other sites More sharing options...
nbthree3 Posted March 10, 2021 Share Posted March 10, 2021 Ben's usually a fair account Link to post Share on other sites More sharing options...
Mattoon Posted March 10, 2021 Share Posted March 10, 2021 Can we once and for all put this fallacy to bed that Ashley is just out for damages? How many journalists have to disregard it before people stop using it to shine a negative light on the arbitration proceedings? Link to post Share on other sites More sharing options...
Kanj Posted March 10, 2021 Share Posted March 10, 2021 Just lazy journalism at its finest. Link to post Share on other sites More sharing options...
Super Duper Branko Strupar Posted March 10, 2021 Share Posted March 10, 2021 Just lazy journalism at its finest. Seems more like a desperate attempt at content rather than actual journalism. Not that there's much separation between the two any more anyway like. Link to post Share on other sites More sharing options...
McCormick Posted March 10, 2021 Share Posted March 10, 2021 Shouldn't have said "dead in the water" tbh, as it was a bit of an exaggerated/ emotive take on what I've been hearing. From what information I've been privvy to, PIF do not see this as a 'priority deal' and their interest in this is wearing very thin. A quick and successful arbritration result may help of course but the general impression is that this deal is highly unlikely to go ahead. Link to post Share on other sites More sharing options...
Ashley17 Posted March 10, 2021 Share Posted March 10, 2021 Shouldn't have said "dead in the water" tbh, as it was a bit of an exaggerated/ emotive take on what I've been hearing. From what information I've been privvy to, PIF do not see this as a 'priority deal' and their interest in this is wearing very thin. A quick and successful arbritration result may help of course but the general impression is that this deal is highly unlikely to go ahead. Didn’t you say the same thing a number of months ago though? I guess we aren’t actually any further forward since then! Link to post Share on other sites More sharing options...
RS Posted March 10, 2021 Share Posted March 10, 2021 Good to have a man on the inside. Link to post Share on other sites More sharing options...
Shearergol Posted March 10, 2021 Share Posted March 10, 2021 Dead in the water, so I've been told OK. We may get answers but the PIF won't be back in; there are way too many economic challenges happening in the country right now to engage in a vanity project like this. I doubt PIF have any interest in being back in tbh. This is probably just a PR exercise and/or Ashley being petty (perhaps justifiably in this instance) and fishing for compensation for what's gone down. All I know is that a lot of larger scale PIF projects that I have close ties to have lost funding. In a global downturn cash and liquid assets are key to steadying the economy. I just don't see it being feasible, but hope to be proven wrong. Have to agree with Penn on this. What would the ROI's be in this deal? I'm sure there are more fruitful investment opportunities to be had with that 300m that aren't fraught with political issues and intense foreign scrutiny. I'm gonna add you to the list of people who pretend to be ITK. Thanks. Link to post Share on other sites More sharing options...
Happinesstan Posted March 10, 2021 Share Posted March 10, 2021 Ben's usually a fair account So, if they buy Inter, the case will be dropped. The only two words of that which are worthy of consideration is "my understanding" Link to post Share on other sites More sharing options...
McCormick Posted March 10, 2021 Share Posted March 10, 2021 Dead in the water, so I've been told OK. We may get answers but the PIF won't be back in; there are way too many economic challenges happening in the country right now to engage in a vanity project like this. I doubt PIF have any interest in being back in tbh. This is probably just a PR exercise and/or Ashley being petty (perhaps justifiably in this instance) and fishing for compensation for what's gone down. All I know is that a lot of larger scale PIF projects that I have close ties to have lost funding. In a global downturn cash and liquid assets are key to steadying the economy. I just don't see it being feasible, but hope to be proven wrong. Have to agree with Penn on this. What would the ROI's be in this deal? I'm sure there are more fruitful investment opportunities to be had with that 300m that aren't fraught with political issues and intense foreign scrutiny. I'm gonna add you to the list of people who pretend to be ITK. Thanks. feel free. Link to post Share on other sites More sharing options...
McCormick Posted March 10, 2021 Share Posted March 10, 2021 My apologies guys, seeing my posts back to back like that in ShearerGol's post is genuinely enlightening. Really didn't realize that all I've been doing is shitting on this for months Link to post Share on other sites More sharing options...
Candi_Hills Posted March 10, 2021 Share Posted March 10, 2021 I'm now pessimistic about this deal. When the patter was that KSA were about to sort out the Bein issues I was fairly confident. Now that we're doing plan B and it's acknowledged that we might lose, I can't see us not losing. From the logical and legal persepctives I'm sure we have a great chance. NUFCically we have no chance. All this stuff about the deal being dead right now is bollocks though. Amanda wants to buy and Mike wants to sell. They'll try. I wouldn't be surprised at all to see KSA buy another British club a couple of years down the line without a hitch. "The sale of Manchester United was given the green light after Mohammed bin Salman hand wrote a letter to the Premier League using the sacred ink of Mecca ensuring that he has nothing to do with PIF." Link to post Share on other sites More sharing options...
Shearergol Posted March 10, 2021 Share Posted March 10, 2021 My apologies guys, seeing my posts back to back like that in ShearerGol's post is genuinely enlightening. Really didn't realize that all I've been doing is shitting on this for months Don't get me wrong, I'm pretty pessimistic about this myself. As much as I want it to happen, and I do honestly believe ALL buying and selling parties want it to happen, the main obstacle will never be removed. However, I really don't believe that anyone, from the ultra positive to the ultra negative really have a clue. It's all speculation and it'll all play out behind closed doors. Link to post Share on other sites More sharing options...
LFEE Posted March 10, 2021 Share Posted March 10, 2021 Sounds like we wasted about 4 months challenging the neutral arbitrator, and are now considering wasting even more time appealing that failure. Nobody seems to fully understand the strategy - that third arbitrator was selected in the normal way and confirmed he was neutral. The problem is he isn’t entirely neutral after they disclosed who he’d previously worked for (The EPL implementing the changes to the O&D test) Link to post Share on other sites More sharing options...
Recommended Posts