He was always going to benefit from the rise of the Prem inflating the values of the club with cash.£175M figure? That's a valuation of the whole club and BK has walked off with circa £45M for his 25%?
He stuck in about £8M initially, I think.
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He was always going to benefit from the rise of the Prem inflating the values of the club with cash.£175M figure? That's a valuation of the whole club and BK has walked off with circa £45M for his 25%?
He stuck in about £8M initially, I think.
Thanks for any info. My guess and could be way off base is that there is an agreement in place to purchase the other majority shareholder after a transitional period. Possibly even funds and shares placed in a trust with a first option of purchase after x period of time. It has happened a couple of times in the states with sports teams.
My question is this, what is to stop him from just finding a minority shareholder some place and purchasing enough shares to put him over 50%? I wouldn't be upset at it mind you. But is there something legally that would prevent him from day finding 100 shares (or whatever the number is to put him at 50.1%) and paying a premium on those and having essentially full control?
I was thinking this myself. He's obviously more than capable at managing finances and has been successful in his investments around the world.FM looks a shrewd cookie who did well for himself at the right time. You don't get to be a partner at Deloitte Touche, one of the most respected consultancy/accountancy firms in the world, without being top drawer.
That's all? I was hoping for the type of billionaire wastrel that wipes his backside with thoroughbred racehorses1.2 billion
15% of Arsenal shares buys 75% of evertons wow lol
how we have missed those,usually after an everton loss,and tons of people moaning about it,now half moan about anything loldon't you just love a 502 Bad Gateway
So £175 million for 49.9%, suprisingly im quite indifferent to this, Kenwright stays on and it's not a complete takeover. Just feels like more of the same.
For all intents he does, you're right. I am just wondering does that 50.1 opposite him prevent him from doing stuff. Or is it something he has to get approval from the PL before he can go above 50%Hes got full control, nobody can veto anything.