And sources on both sides of the deal, speaking on the condition of anonymity to protect relationships, have confirmed there is a mechanism that could see the consortium purchase a controlling stake in the club in the next 12 months.
Those sources stress, however, that the language around this element of the transaction does not constitute a commitment, so it is merely an option that could lead to further investment as opposed to something that is set in stone.
The important detail is that the trigger belongs to the consortium, not FSG. Whether this ever happens is entirely the consortiumâs decision to make.
Unfortunately football and the PL is global and to compete as a club we have to embrace it and move forward with the times and even though we may not like it, it is what it is.
I remember when the PL was formed and the start of Sky, Man U embraced it and we were left behind.
We are now well run and improving finacially year on year with various deals and we are against teams with bottomless pockets and unscrupulous owners, in regards to bending the rules.
The current investment group could be far worse.
We would all love to be like the Bundesliga with their ownership style, but it ainât happening.
I hope that whoever ends up owning us respect the club ideals and history and build on that, as that is part of the fabric of making us attractive to watch and support.
Maybe they hold the option but would we know that their might be conditions attached to the option? That if the value of the club reaches a certain level before it gets triggered?
Weâve been over this. You sell me me your horse oeuvre stuff for pennies then it gets onsold for millions. Then that money can be used to buy a football club - probably more like this though
All I heard is that FSG met with Amit Bhatia for nearly 12 months to suss him out. FSG seems comfortable with Amit Bhatia to sell to the consortium he is fronting 30% of LFCâŚ
Good question @gasband. Yes, there are absolutely conditions attached to the option, but they are built to protect the buyerâs money, not to hold back the takeover. In high-finance M&A, a unilateral call option never sits in a vacuum. However, the condition isnât that the club must reach a certain value before Bezos can trigger it; itâs actually the exact opposite.The $8 billion valuation is a locked-in price cap. Bezos and his team negotiated that specific number to freeze the price today. That way, even if the clubâs commercial value naturally skyrockets past $9 billion or $10 billion over the next 12 months thanks to the new investment, FSG cannot demand a single penny more. Bezos gets to buy the rest of the club at the pre-agreed price.
This is rather like the Chelsea situation in a way. The situation with Boehly.
Bhatia is the frontman and probably the guy who will being hands on. Severin and Bezos are the guys funding the takeover just as clearlake provided the capital for Boehly.
What made Chelsea attractable to investors was that Roman wrote off a lot of the loans that he made to the club. The investors had a clearsheet to start working on. It isnât ethical and Chelsea did get away with gaming the system. But it is what it is.
As long as we donât end up with one of those dubiously named gambling sponsors, wouldnât love Amazon but at least they hide their evil behind a smile so it is marginally less offensive
Well not everyone, my brother has Prime but heâs a source of shame for many reasons
Gets hard at work when everyone wants to use AWS but Iâve managed to avoid hosting anything with them so far.
It is entirely possible to get pretty much everything they sell or a similar alternative somewhere else if you look, often times cheaper as like any marketplace platform they put their own fees/cut on top of the underlying price from the manufacturer/distributor.
I canât speak for others, but I for one havenât ordered anything from them since I became aware of the problematic nature of that business (10-15 years ago or so), and that wonât change anytime soon.
Yup never used them for at least 20 years, theyâve had a few emails off me for prime tv trials but thatâs it, Iâve actually realised they arenât actually that cheap nowadays
