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Park End to be renamed the Persian Stand I'm hearing now..
A block of shares has changed hands. Hopefully it means investemnt in the squad and a stadium deal. Let's see what this feller has to say for himself in full. If he now clams up, fails to address the supporters with a major series of interviews and makes himself scarce, it's not going to be a major development - just him parking his cash elsewhere.
Most likely Earl and Kenwrights which add up to the amount and Wood retaining all his although in theory it could be more complicated allocation from all threeBut who's shares has he bought??
I said earlier today we would have evolution not revolution, that's exactly what we've got.
A relegation might be good for the club in the long term.
Private Limited Company so no reason whatsoever to stop at 49.9 %. That's the bit that's weird. 50.1 % means you can pass whatever ordinary resolution you wish and have effective control, so why stop short of that?Loads of occurrences of a 49.9% purchase of shares in a company. It's effectively a controlling interest and happens when a new investor wants all-but a controlling share in the business, but doesn't want to pass the threshold due to the problems inherent in doing so. Perhaps certain people didn't want to sell, or those who did still wanted to retain a stake, and so on.
You're right to be cautious, but that's a significant investment and an intent to invest long term. What is also encouraging is that this guy has sold up at Arsenal because he wants his money to mean something on the pitch, which wasn't happening in London.