Quote:
Originally Posted by Carra_is_legend
I wish I can share your optimism Bob - there has been too much speculation about the 90 day veto, it exists, it doesn't exist etc. Didn't Gillett say that Hicks only "threatened" to use his veto? If that is the case, I can't see where this 90 day thing comes from.
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There would have to be some sort of agreement if one of them wanted to sell
I am not claiming there is a 90 day clause but Gillet wants to sell and if Hicks cant come up with the money then he can sell to who ever depending on the timescale in the terms agreed between them both
Once DIC have the shares Hicks will see his stake reduced by a further half unless he can come up with another 200m for his 50% of the stadium costs and if DIC wont agree to borrowing the cash he is fucked and at that point he doesn’t matter as he would only hold 50% of the team and none of the stadium where the money will be made
so he will go as soon as he cant prevent the sale he will agree to sell his 50% also it is all about saving face now