Haven't read the whole of this thread but someone pointed to a relevant article on Citeh's website from 2008 which talked about 'investment'. That's the sort of investment we want!!
Don't give me any if this bleeding heart shit. We want ill-gotten oil money and buckets of the stuff! Imagine!! Sent from my iPhone On 26 Jun 2012, at 23:03, "Steve Mosley" <[email protected]> wrote: > 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 _______________________________________________ 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
