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


Yorkie

Will the takeover be complete by this summer?  

312 members have voted

  1. 1. Will the takeover be complete by this summer?

    • Yes
      87
    • No
      183


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Sounds like the PL is hung up on MBS and his role as Chairman of PIF as sovereign and are likely not satisfied with PIF's lawyers either playing down his exact role or saying he is Chairman as Crown Prince but has no say on this specific deal and the PL are just not Ok with it.

 

Given his position, I wonder what possible guarantees can be offered to the PL that he won't have a say in the club affairs on the occasions that he wants it.

 

This don't look good.

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Needs sorting in the next two weeks for it not to have an impact on next season. You’ll imagine there’s players and agents already lined up by PIF just holding on for a decision but they’ll not wait forever. Similarly there’ll be the Charnley/Bruce list in the same boat.

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I am sure Ashley will  this to go though .

Cant see anyone else that will be willing to pay 300 million at the moment for a bottom half of the table team, that needs major investment  on the field  also.

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Somebody needs to tag the premier league on twitter about making a decision. Thats when we will find out the answer. In fact post it 50 times just to make sure

 

Good idea, I'll do it. I'll report back shortly what they answer to me.

 

 

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Somebody needs to tag the premier league on twitter about making a decision. Thats when we will find out the answer. In fact post it 50 times just to make sure

 

Good idea, I'll do it. I'll report back shortly what they answer to me.

 

 

 

Champion remember to use them elusive words. "One of your member clubs"

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Given the latest "leak" about the Premier League wanting clarity on who will be in charge, I think what they are wanting to see if that whilst PIF will own the majority of the club they will have no real influence over the running of the club.  In other words, that NUFC will just be an investment for PIF and not an actively run project.

 

I think this could easily be achieved in that PIF and the buyers just need to demonstrate to the PL that the entirety of the club's executive & management team will be appointments of people in good UK standing and that their position descriptions will provide them the independence to run the club as they see fit - that PIF's only ability to interfere in the club is if the club is not performing as a financial investment (and then only on the basis of commercial operation).  Such an arrangement would still permit PIF to invest heavily in the club (putting capital into their investment) and for other arrangements to be made on an equitable commercial basis (e.g. sponsorships, player purchases, etc), it would just be so the Premier League can't be accused of letting a "tyrant" directly run a club (e.g. behead a player because they don't track back sufficiently).

 

Didn't they say Al Rummayan would be chairman from the off?  Not sure why that should be an issue or why the PL wouldn't allow someone from PIF to be involved?

 

'You can pay the money but can't get involved' doesn't seem right.

 

A while back someone in here mentioned that in the tests they look into/need details of anyone who could potentially have an influence on the things going forward, I'm assuming this is just an extension of that part of the test as PIF are huge and I Imagine it's massively complicated (not to mention fuckin stupid considering it could include shit loads of people).

 

I'm probably over-simplifying it.

 

That would (probably) be me - because I'm sick to the back teeth of people making silly or overly-simplistic arguments. I've posted the following at least three times, because a lot of people just don't get it:

 

 

“Control” means  the  power  of  a  Person  to  exercise,  or  to  be  able  to  exercise  or acquire, direct or indirect control over the policies, affairs and/or management of a Club, whether that power is constituted by rights or contracts (either separately or in combination) and having regard to the considerations of fact or law involved, and, without  prejudice  to  the  generality  of  the  foregoing,  Control  shall  be  deemed  to include:

 

(a)the power (whether directly or indirectly and whether by the ownership of share capital, by the possession of voting power, by contract or otherwise including without limitation by way of membership of any Concert Party) to appoint and/or remove all or such of the members of the board of directors of the Club as are able to cast a majority of the votes capable of being cast by the members of that board; and/or

 

(b)the holding and/or possession of the beneficial interest in, and/or the ability to  exercise  the  voting  rights  applicable  to,  Shares  in  the  Club  (whether directly, indirectly (by means of holding such interests in one or more other persons) or by contract including without limitation by way of membership of any Concert Party) which confer in aggregate on the holder(s) thereof 30 per cent or more of the total voting rights exercisable at general meetings of the Club.For the purposes of the above, any rights or powers of a Nominee for any Person or of  an  Associate  of  any  Person  or  of  a  Connected  Person  to  any  Person  shall  be attributed to that Person;

 

 

 

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Somebody needs to tag the premier league on twitter about making a decision. Thats when we will find out the answer. In fact post it 50 times just to make sure

 

They must gets thousands of tags every fucking day man . :lol:

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Somebody needs to tag the premier league on twitter about making a decision. Thats when we will find out the answer. In fact post it 50 times just to make sure

 

They must gets thousands of tags every fucking day man . :lol:

 

I reckon that's the point he's making.

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I think there may have been an assumption on the Saudis part that the British government would have more power and influence to push this through. In most countries, if the government says jump, you jump.

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Somebody needs to tag the premier league on twitter about making a decision. Thats when we will find out the answer. In fact post it 50 times just to make sure

 

They must gets thousands of tags every fucking day man . :lol:

 

Aye but they've never had one from Billy from benwell yet. Wont ignore him

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Somebody needs to tag the premier league on twitter about making a decision. Thats when we will find out the answer. In fact post it 50 times just to make sure

 

I think an online petition would be more effective

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Given the latest "leak" about the Premier League wanting clarity on who will be in charge, I think what they are wanting to see if that whilst PIF will own the majority of the club they will have no real influence over the running of the club.  In other words, that NUFC will just be an investment for PIF and not an actively run project.

 

I think this could easily be achieved in that PIF and the buyers just need to demonstrate to the PL that the entirety of the club's executive & management team will be appointments of people in good UK standing and that their position descriptions will provide them the independence to run the club as they see fit - that PIF's only ability to interfere in the club is if the club is not performing as a financial investment (and then only on the basis of commercial operation).  Such an arrangement would still permit PIF to invest heavily in the club (putting capital into their investment) and for other arrangements to be made on an equitable commercial basis (e.g. sponsorships, player purchases, etc), it would just be so the Premier League can't be accused of letting a "tyrant" directly run a club (e.g. behead a player because they don't track back sufficiently).

 

Didn't they say Al Rummayan would be chairman from the off?  Not sure why that should be an issue or why the PL wouldn't allow someone from PIF to be involved?

 

'You can pay the money but can't get involved' doesn't seem right.

 

A while back someone in here mentioned that in the tests they look into/need details of anyone who could potentially have an influence on the things going forward, I'm assuming this is just an extension of that part of the test as PIF are huge and I Imagine it's massively complicated (not to mention fuckin stupid considering it could include shit loads of people).

 

I'm probably over-simplifying it.

 

That would (probably) be me - because I'm sick to the back teeth of people making silly or overly-simplistic arguments. I've posted the following at least three times, because a lot of people just don't get it:

 

 

“Control” means  the  power  of  a  Person  to  exercise,  or  to  be  able  to  exercise  or acquire, direct or indirect control over the policies, affairs and/or management of a Club, whether that power is constituted by rights or contracts (either separately or in combination) and having regard to the considerations of fact or law involved, and, without  prejudice  to  the  generality  of  the  foregoing,  Control  shall  be  deemed  to include:

 

(a)the power (whether directly or indirectly and whether by the ownership of share capital, by the possession of voting power, by contract or otherwise including without limitation by way of membership of any Concert Party) to appoint and/or remove all or such of the members of the board of directors of the Club as are able to cast a majority of the votes capable of being cast by the members of that board; and/or

 

(b)the holding and/or possession of the beneficial interest in, and/or the ability to  exercise  the  voting  rights  applicable  to,  Shares  in  the  Club  (whether directly, indirectly (by means of holding such interests in one or more other persons) or by contract including without limitation by way of membership of any Concert Party) which confer in aggregate on the holder(s) thereof 30 per cent or more of the total voting rights exercisable at general meetings of the Club.For the purposes of the above, any rights or powers of a Nominee for any Person or of  an  Associate  of  any  Person  or  of  a  Connected  Person  to  any  Person  shall  be attributed to that Person;

 

 

So this is the owner of man City, Mansour bin Zayed bin Sultan bin Zayed bin Khalifa Al Nahyan  (born 20 November 1970), often referred to as Sheikh Mansour, is an Emirati politician who is the deputy prime minister of the United Arab Emirates, minister of presidential affairs and member of the royal family of Abu Dhabi. He is the half brother of the current President of UAE, Khalifa bin Zayed Al Nahyan.

 

He is also the chairman of the ministerial council for services, the Emirates Investment Authority and the Emirates Racing Authority. He sits on the Supreme Petroleum Council and the boards of numerous investment companies including the International Petroleum Investment Company (IPIC) and the Abu Dhabi Investment Council (ADIC).

 

Mansour also owns stakes in a number of business ventures, including Virgin Galactic and Sky News Arabia.[6] He is also the owner of the privately held Abu Dhabi United Group (ADUG), a specialist investment company that acquired Manchester City Football Club in September 2008, though immediately handed all responsibility and ownership to Khaldoon Al Mubarak and the City Football Group which has overseen a significant transformation at the club since then.

 

I just don't see the difference between what the EPL have accepted in regards to Man City and what PIF plan in terms of the intended management structure.  The EPL cant seriously suggest that Mansoor doesn't have control over Khaldoon Al Mubarak and the City Football Group. 

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Those digging out the lad for hosting the petition!

 

I for one applaud his efforts! Too many just willing to sit and let others do it

 

:lol:

 

It'll take as long as it takes,  I agree the length of time its taken seems mad, but why should they care?

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Guest The Little Waster

Maybe its just the inescapable fact that MBS is toxic and the PL can afford to have a few dodgy businessmen owing clubs but they cant afford to have a murderer as head of what would become their flagship club

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Of course there'd be an impasse if the PL are looking to cross-examine and seek answers from the de facto King of Saudi Arabia and the soon-to-be custodian of the Two Holy Mosques (effectively making him one of the most powerful rulers in the world). Imagine the poor Saudi grunt tasked with trying to get those answers from him :lol:

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Anyone thinking that Saudi won't walk away from this deal for fear of being embarrassed will be very disappointed. Changing an entire governments' policy just to yield to a fucking foreign sporting body would be infinitely more degrading in their eyes; the 17m is pennies in the grand scheme of things and they will not be happy with being made to jump through all these hoops for something that is relatively insignificant to them.

 

Agree.. it's over.

 

 

 

Good grief !!!

 

The opposite of the reality. None of our three new owners will give up on this.

 

Even more so now, after all this crap they've been made to go through.

 

It is simply, as always, a matter of WHEN.

 

(as you know, I thought this would be yesterday, ah well . . . )

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If it’s to be done in needs done be done soon to give us a good go in the transfer window. If a further 3-4 weeks down the line and nothing has happened they’d be as well pulling the plug tbh

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