You tend not to negotiate (successfully) exclusivity periods for small investments. You would generally do that only for larger (majority stake) investments.
Eg, if you were looking at investing in 10% of the club, where is the incentive in an exclusivity period for which you will pay an upfront % of your proposed investment? If MS sells a separate 10% to someone else, then you can still buy your 10%. There's certainly no incentive in MS restricting his options voluntarily and unnecessarily. However, if you're paying for lots of bank advisers and lawyers to do due diligence and there is only one slice of the pie available, you'd protect the investment in the bankers and the lawyers with an exclusivity period because you have something serious to loose. Equally, MS would want your money where your mouth is and know he can be recompensed for wasted time if he takes the club off the market for 6 weeks for nought. I reckon at least a 51% share (or possibly 49% share, with another 2% to an accountant's trust fund). That is, MS will lose total control. Let's wait and see. Steve. On 26/06/2012 22:47, "Damian Walsh" <[email protected]> wrote: >I seem to remember that the league rules state that a 10% stake is the >threshold for the "fit and proper" test > >Damian _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] PETE CASS (1962 - 2011) Rest In Peace Mate
