Foot Long Hot Dog
Player Valuation: A packet of pork scratchings
It's obvious what has happened - they've sold enough to get the deal over the line and no more. Which, as businessman, is what anyone would do.
You have an asset that could grow in value exponentially now - why would you sell beyond what you have to before that growth occurs?
I would fully expect there to be a deal in place that has set the price for the remainder of Woods and Kenwright's stake though mate.
Why would you (as Moshiri) capitalise the business at your own risk and then allow the former leaders of that business to increase their equity value off the back of it?
No, I think the 49.9% was either simple tokenism from Kenwright, or relates to a clause in the Prudential secured loan.