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Newcastle Utd (and Viz)

catcherintherye said:
I give knobheads a bad name on there! I am going to have to close the account soon, as it's just me being unduly lairy with people. I can only apologise for my behaviour haha!
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Normally find you scrapping with Kopites and Geordies but I couldn't believe my luck when you randomly popped up on a london protest tweet offering out West Ham & Millwall fans if they turned up to defend the churchill statue lol
 

catcherintherye said:
Read the article a bit more. Theyve been haggling on price for 2.5 years (at least). Ashley's price has never changed. So.e suggestions Saudis wanted Newcastle to get relegated to let him lower the price (does this sound like mega money to you???).

Anyway a "verbal agreement" ie Staveley said shed pay that price to him. Nothing concrete. No papers, no proof of funds etc.

They progress it to the point where funds are needed to be shown, and it all goes quiet.

Imagine you were selling a house under that proviso. What would your conclusion be? And would you think this consortium wanting to buy it were going to spend hundreds of thousands more than the asking price doing it up? As that's what we are being lead to believe with this.

Some vulture capitalist yank will try it on after this. Pick it up at a pittance and bleed the asset dry.
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I suspect that Mauriss is a better bet than the fake sheikh in the bedsit option for them. But I'd still prefer the whole thing to carry on as now for my mindless amusement.
 
Yarrgh said:
I suspect that Mauriss is a better bet than the fake sheikh in the bedsit option for them. But I'd still prefer the whole thing to carry on as now for my mindless amusement.
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Well he's a better bet as he probably has funds. However given the state of the world, and American economy, you wouldn't fancy having an American owner now. It will be Mike Ashley MK 2 at best.
 

lol lollollol




Jeffery Onions QC, who is leading Barclays’ legal team, told the court: “To describe this as PCP’s deal is a classic example of form over substance.”

Supporting legal documents filed by Barclays in the case add: “On PCP’s own case, it adhered to none of the ordinary conventions of [a private equity firm]: it had no pre-established fund, no commitments of equity capital at all, and no arrangements for its own remuneration. It had not even started looking for debt financing.”

Onions added that Staveley’s version of events was open to question. He pointed to an email the financier sent to Khadem Al-Qubaisi, who was assessing the investment on behalf of Abu Dhabi, in which she asked for £11m to reimburse PCP for “underwriting” expenses incurred from a company called Yeltex.

Qubaisi refused to pay and replied he had “never heard of Yeltex Limited, and I am not aware of any Gibraltar based entity which could provide a credible underwriting capability in a transaction of this magnitude”.

Onions said this was “clearly relevant to Miss Staveley’s credibility and her honesty”.
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So Amanda Stavely looks to be a fantasist involved in multi-million pound deals with middle east contacts.

Hmmm, I don't know what to think. Should I believe a big name in the banking sector who trade is trust in their reputation or the Geordie twiterrati after 10 phases of no deal takeover talk? So may questions.
 

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