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


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Just now, B-more Mag said:

 

That's ambiguous, though, and leaves open the possibility it was done through informal correspondence. I'm wondering if they actually submitted the formal declaration. Hopefully they weren't stupid enough not to. 

 

They must have done, we certainly would have heard about it from the likes of Jacobs had they not submitted their declaration properly and that hasn't been even alluded to anywhere from what I've seen.

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11 minutes ago, Jackie Broon said:

 

From the summary of the CAT claim:

 

"The Claim states that the Defendant exercised its power to block the Proposed Takeover when it decided between June and September 2020 that the Kingdom of Saudi Arabia would be a director exercising “control” over NUFC, for the purposes of the Rules (“the Director Decision”). In reaching the Director Decision, the Defendant failed to apply the Rules in a fair, objective and non-discriminatory fashion and/or used its powers under the Rules for the improper purpose of promoting its own commercial interests and/or the interests of its business associates and/or certain of the PL member-clubs in a manner that was detrimental to competition and consumers."

 

For the CAT case the club probably need to demonstrate something like that, on the balance of probabilities, there was some kind of anticompetitive influence and the PL acted on that to block the takeover.

If the club can show that the PL didn’t correctly follow their own O&D process, which they clearly haven’t, that probably puts the PL in a very weak position on the second part of that.


Correct, for the CAT case.

 

To be real, I think the club is throwing both of these cases at the PL to try and get them to blink and just wave the whole thing through. It’s pretty clear that the club is not 100% sure they’re going to “win” either one in the end though. I think they’re banking on the PL not wanting their dirty laundry aired publicly and eventually just lifting the gate for the Saudis to walk through after some negotiations on how the optics will look publicly.

 

 

Edited by cubaricho

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6 minutes ago, Jackie Broon said:

 

They must have done, we certainly would have heard about it from the likes of Jacobs had they not submitted their declaration properly and that hasn't been even alluded to anywhere from what I've seen.

 

Looks like one of those things we don't know for sure.

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4 minutes ago, cubaricho said:


Correct, for the CAT case.

 

Now what about the arbitration case that Jacobs was talking about?

 

To be real, I think the club is throwing both of these cases at the PL to try and get them to blink and just wave the whole thing through. It’s pretty clear that the club is not 100% sure they’re going to “win” either one in the end though. I think they’re banking on the PL not wanting their dirty laundry aired publicly and eventually just lifting the gate for the Saudis to walk through after some negotiations on how the optics will look publicly.

 

Yeah, I completely agree. I think the club are worried the arbitration might not go their way (so am I) and the CAT case is there now to try to force the PL into a settlement on both.

 

 

Edited by Jackie Broon

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8 minutes ago, B-more Mag said:

 

Looks like one of those things we don't know for sure.

 

Reading further down the letter: "If [PLL] then decides that KSA will not become a Director, then it will proceed to a decision on the application of Section [F] to the individuals who have been declared, including PIF."

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6 minutes ago, Jackie Broon said:

 

Yeah, I completely agree. I think the club are worried the arbitration might not go their way (so am I) and the CAT case is there now to try to force the PL into a settlement on both.


That’s my take on it too.

 

Although the thought has occurred to me that we do win the arbitration but then the club isn’t valued at the same price as before. So the CAT case is actually all about compensation to Mike Ashley, and that’s why the judge didn’t disclose the commercial document about where St James Holdings came to a specific figure.

 

There could be up to a 100 million drop in price and he’s making sure he gets it back.

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1 minute ago, Jackie Broon said:

 

Reading further down the letter: "If [PLL] then decides that KSA will not become a Director, then it will proceed to a decision on the application of Section [F] to the individuals who have been declared, including PIF."

 

Good. Looks like they probably did then. (Though that's really awkward language, since PIF doesn't get declared -- it's making declarations of fact to the PL). 

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2 hours ago, Jackie Broon said:

 

And yet people are still coming back with the same erroneous stuff about the PL not having been able to carry out the test because they didn't agree on the directors. If people stop posting that I'll stop showing that they're wrong.

 

That's the argument for arbitration, but for the CAT case I think the fact that the PL haven't properly followed their own rules is going to seriously weaken their defence, which could increase the chances that they will settle the arbitration to get out of the CAT case.

Does that mean you think they could wave the takeover through before Friday 5pm. (I know the answer is probably not, but it's a nice thought until you reply confirming no).

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8 minutes ago, ToonArmy1892 said:

Does that mean you think they could wave the takeover through before Friday 5pm. (I know the answer is probably not, but it's a nice thought until you reply confirming no).

 

Friday is just the deadline for the submission of the CAT jurisdiction challenge, I don't think there'll be a decision on that for at least a couple of weeks. I'm pinning my hopes on the PL settling shortly after if that challenge fails. Although, I know fuck all and that's just pure speculation.

 

 

Edited by Jackie Broon

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20 minutes ago, Dr Jinx said:


That’s my take on it too.

 

Although the thought has occurred to me that we do win the arbitration but then the club isn’t valued at the same price as before. So the CAT case is actually all about compensation to Mike Ashley, and that’s why the judge didn’t disclose the commercial document about where St James Holdings came to a specific figure.

 

There could be up to a 100 million drop in price and he’s making sure he gets it back.

 

That thought has crossed my mind too, but then it would probably be easier to start the CAT case after arbitration if that were the reason, the timing suggests to me that at least part of the reason is to put pressure on the PL to settle the arbitration. 

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13 minutes ago, Jackie Broon said:

 

That thought has crossed my mind too, but then it would probably be easier to start the CAT case after arbitration if that were the reason, the timing suggests to me that at least part of the reason is to put pressure on the PL to settle the arbitration. 


oh it’s definitely a reason too. I think if the PL get knocked back on their jurisdiction claim they will settle. There’s no way they’ll want all this information in the public domain.

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Qatar are the master's of corruption and the the Premier league are currently in bed with them, there is no way they will want this played out publicly, I can see a lot more pressure coming from the government this week as well from Raab.

 

There is also the matter of punishment for the same top 6 clubs that tried to block the takeover trying to destroy the league

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Was there any comeback in the big 6 after wanting to abandon the EPL for the ESL?  
 

They probably have too much clout for the EPL to apply anyway 

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30 minutes ago, RS said:

Was there any comeback in the big 6 after wanting to abandon the EPL for the ESL?  
 

They probably have too much clout for the EPL to apply anyway 

 

Apparantly the PL is negotiating with the PL to see how much compensation the PL should pay to the PL.

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36 minutes ago, RS said:

Was there any comeback in the big 6 after wanting to abandon the EPL for the ESL?  
 

They probably have too much clout for the EPL to apply anyway 


Agreeing their own punishment [emoji38]

 

corrupt as!

 

 

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Guest reefatoon

The whole thing is fucking pathetic. Tried to bring the game to it's knees for their own greed and just get away with it. Bunch of utter cunts the lot of them.

 

Would be class to see all the fans of the other 14 teams getting all the games abandoned against the twat face 6. Everytime they come to play at one of the grounds, it gets postponed.

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Guest neesy111
2 minutes ago, Fantail Breeze said:

 

Surely the other 14 clubs must be opposing this utter tripe?

 

If they get some kick backs I can see some being happy.

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3 minutes ago, ToonArmy1892 said:

I don't see how we win against this corruption, i'm very worried for the takeover now.

 

 

This is why I ultimately think it’ll fail.


I have no doubt it’s been done incorrectly  and fucked us right over - but I think they’ll be too good at covering their arse. 

 

Would be amazed if they’ve left themselves open to CAT succeeding. Our only hope, imo, is that we win arbitration… somehow.

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