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

[AyeDubbleYoo]

Well exactly. Like I said, it's very much open to dodgy goings-on.

[B-more Mag]

I understand the argument, but it's not really equivalent...

Quote

Board Members

The Board of PIF comprises a team of highly qualified leaders who bring experience and expertise in economics, energy, law and finance and delivering major projects. Under the chairmanship and guidance of HRH Prince Mohammad bin Salman bin Abdulaziz Al-Saud, the Board is responsible for overseeing the long-term strategy, investment policy and performance of PIF.

His Royal Highness

Mohammad bin Salman Al-Saud 

Crown Prince, Deputy Prime Minister

Chairman of the Council of Economic and Development Affairs

Chairman of the Public Investment Fund

 

 

https://www.pif.gov.sa/en/Pages/Boradmembers.aspx

 

 

Edited May 20, 2021 by B-more Mag
Added link.

[B-more Mag]

 They could have structured this a bit differently.

[B-more Mag]

Again, it starts to get a bit murky here as to what has actually happened, but assuming it hasn't happened, it would be interesting to see the KSA square up and say, yep, go ahead and O&D us, *checks notes*, EPL.

[LV]

There is no way KSA would submit themselves to any test that they could fail. Too much risk of a loss of face. 

[Jackie Broon]

1 hour ago, morpeth mag said:

Let's hope the EPL have carried out their annual review of Putin's influence on Abramovich and used the same standards to judge shadow directors there; at Man City; at Palace etc etc If you have a rule it has to be applied consistently.

 

 

And not forgetting the Chinese owners of Wolves and West Brom where the state has huge influence over supposedly private businesses and individuals.

I can see the argument that the definition of 'control' in the PL rules is very wide-ranging, and it does make me a bit nervous about the outcome of the arbitration. But, the PL clearly haven't been consistent in how they've have applied it and I always come back to the question, if they were so confident in their position why not just make a formal decision under rule F.1.1.1 when they were specifically asked to?

My guess / hope is that it won't get to an arbitration decision. I think the rejection pf the PL's request to see the evidence relating to calculation of costs is possibly quite significant. It means that the PL can't really challenge the amount, which is probably substantial, at least tens of millions, possibly into the hundreds.

Challenging jurisdiction may well be their last throw of the dice. If they lose that challenge then there is a huge amount riding on the arbitration, if they go through that and lose they'll probably be in a very weak position with the CAT case and have absolutely no way out.

As it stands, even if they are relatively confident of winning the arbitration, there will still be some degree of doubt and with the potential of £100m+ and their personal ability to serve as directors potentially on the line, there will be huge pressure on them to settle both cases while they are in still in a position to do that.

So I think there's a fair chance that they will settle if they lose the CAT jurisdiction challenge.

 

 

Edited May 20, 2021 by Jackie Broon

[B-more Mag]

42 minutes ago, LV said:

There is no way KSA would submit themselves to any test that they could fail. Too much risk of a loss of face. 

 That's why I went with "interesting" and not necessarily smart or likely. 

[BlueStar]

4 hours ago, Candi_Hills said:

nutters

Nigel Richards became world champion of the French edition of Scrabble without being able to speak French.  He just read the French dictionary and memorised the words.

[BlueStar]

1 hour ago, LV said:

There is no way KSA would submit themselves to any test that they could fail. Too much risk of a loss of face. 

I'm not sure I have quite as high an opinion of the tactical nous of a regime  which lets themselves get caught on tape dismembering a journalist, and that executes people it finds guilty of witchcraft or sorcery.

[RS]

Could do with a shot of oxyphenbutazone to ease the takeover pain. 

[Candi_Hills]

To clarify then:

 

- In 2 weeks: A statement from the PL to say they've read Mike's letter.

- July: Arbitration

- August: We get informed that arbiration failed. Beloff retires.

- We pursue the CAT case right through next season.

 

Have I got that right?

 

 

 

Edited May 20, 2021 by Candi_Hills

[LV]

I’m still waiting for that good news after Ramadan  

[veriaqa]

40 minutes ago, Candi_Hills said:

To clarify then:

 

- In 2 weeks: A statement from the PL to say they've read Mike's letter. IT IS ORDERED THAT: The Defendant is granted an extension of time to file and serve its application to contest the Tribunal’s jurisdiction until 5pm on 11 June 2021  

- July: Arbitration

- August: We get informed that arbiration failed. Beloff retires.

- We pursue the CAT case right through next season.

 

Have I got that right?

 

It literally just posted a few pages back.

 

 

Edited May 20, 2021 by veriaqa

[nufcjb]

1 hour ago, LV said:

I’m still waiting for that good news after Ramadan  

The moon hasn't showed up I'm afraid.

[AyeDubbleYoo]

3 hours ago, B-more Mag said:

I understand the argument, but it's not really equivalent...

https://www.pif.gov.sa/en/Pages/Boradmembers.aspx

Could've corrected their URL.

[Ghandis Flip-Flop]

5 hours ago, AyeDubbleYoo said:

We debated this loads yesterday, it seems to me the PL rule is there to account for people who are legally separate but actually have influence. Otherwise there's no point in that clause.

You could be legally separate but still have control through informal channels. Obvs this rule is a nightmare of interpretation and (AFAIK) has basically never ever been applied before. So it's still massively open to corruption.

If that's the case, does anyone know if Keith Bishop has passed the O&Ds test?

[Nobody]

3 hours ago, LV said:

I’m still waiting for that good news after Ramadan  

What about the huge news that was coming in March? 

[BlueStar]

2 hours ago, AyeDubbleYoo said:

Could've corrected their URL.

Wait, maybe it's a clue? Get the decoder loaf! 

[Wandy]

So Keith is now effectively saying that he doesnt think the club will win the arbitration case....."we won't get the takeover without the CAT action". Another subtle change in tune then. Marvellous.

[gdm]

9 minutes ago, Wandy said:

So Keith is now effectively saying that he doesnt think the club will win the arbitration case....."we won't get the takeover without the CAT action". Another subtle change in tune then. Marvellous.

He’s full of shit. 

[Tiresias]

What gets me is like, what does it matter if Keith thinks we'll win it or not, how the fuck would he know? All this going off peoples feelings. I don't want to be negative but still think this has been dead for a long time and I kinda hate to see how many people are strung along by it, but I hope I'm wrong. It's all a bit reading tea leaves though, oooh this bloke reckons premier league have no chance, but wait candice from Hexham says she has seen a ghost in a mirror saying the premier league will cave

[Guest HTT II]

They are all gobshites, again anyone half decent wouldn't even breath in the same space as Wraith. Fucking hell man, I trust Ashley more than these lot 

[ToonArmy1892]

43 minutes ago, Wandy said:

So Keith is now effectively saying that he doesnt think the club will win the arbitration case....."we won't get the takeover without the CAT action". Another subtle change in tune then. Marvellous.

[InspectorCoarse]

My attitude to these oxygen thiefs is this 

[Consortium of one]

The only reason I think it's still on is because its been said that Ashley hasn't taken calls from any other prospective buyers.  As for anything else,  if it smells like bullshit it probably is.