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Management ENIC

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ENIC In or ENIC Out

  • Total voters
    208
LeeMcl said:
INEOS owns 28% of Man United, but got full control of the footballing operations. Could this be the same?
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Almost certainly not. The Glazers brought Ratcliffe on for the specific purpose of running the show.

Matt1882 said:
I'm sure last summer there were a lot of rumours he wanted to do a buy but was fund to be nowhwere near wealthy enough to do so.
Bit of a concern if he's gone out and find someone with a bit of cash to get his claws in. I'd rather someone who was utterly dripping with cash rather than anyone who has to scrimp and pool to get it.
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Richard Tsai has a net worth of $9BN, and Wing-Fai Ng seems to be something like the Daniel Levy to Tsai's Joe Lewis.

Earick on the other hand seems a bit of a chancer.

These didn't seem like particularly serious bids at the time, and were rejected by the Lewis', but they have now banded together and met Levy's price (who was understandably eager to get out).

It's not a majority stake in the club and does not change the governance at this moment, but these guys are players in this now and bear watching.

I'm not holding my breath for candor from the club leadership about what this all means, but it would be helpful. The ownership group as a whole growing deeper pockets could in theory help, and different iterations of ENIC have been flogging a minority stake for that purpose for years.
 
Hopefully, this new firm have agreed to inject 25% of £200m (£50m) allowing the Lewis clan to keep their claim of investment (by them putting in £150m)…

That’s all that is reasonable to hope this deal brings to the footballing side?
 
Did these guys pull a stroke by getting in cahoots with Levy to secretly buy his shares and thus give them a foot in the door to ultimately try and take full control of the club after ENIC told them to fuck off last year when they attempted a full takeover?
 
Brian Fantana said:
Don’t forget with Dele it was Pleat who had to plead with Levy to spend the £5 million on him. He wasn’t going to do it otherwise.
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It was, aye.

But when posters say that Lange is a dud and it’s Levy’s fault, because Levy hired him……

Who hired Pleat? So who really deserves praise for Dele? Who put the training infrastructure in place to develop Dele and Kane? Who hired the guys who hired the coaches? Who hired the loan manager that got Kane his loans?
 
FightingIllini said:
Almost certainly not. The Glazers brought Ratcliffe on for the specific purpose of running the show.


Richard Tsai has a net worth of $9BN, and Wing-Fai Ng seems to be something like the Daniel Levy to Tsai's Joe Lewis.

Earick on the other hand seems a bit of a chancer.

These didn't seem like particularly serious bids at the time, and were rejected by the Lewis', but they have now banded together and met Levy's price (who was understandably eager to get out).

It's not a majority stake in the club and does not change the governance at this moment, but these guys are players in this now and bear watching.

I'm not holding my breath for candor from the club leadership about what this all means, but it would be helpful. The ownership group as a whole growing deeper pockets could in theory help, and different iterations of ENIC have been flogging a minority stake for that purpose for years.
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There are many plates spinning here I think. Triller, which apparently owns this investment company, has financial issues of their own (failing to pay out broadcasting contracts for their streaming service). But through another of his investment companies Tsai owns a Singaporean bank that is valued at like 55 billion dollars.

Not to mention countless other connections to HK and Taiwan based finance. It is probably best that these guys only get a minority non controlling stake to start with rather than a full takeover. Better the devil you know and all that.
 
RealCoolYid said:
FWIW which is really not a lot of worth

Eight sports seem built on leveraged bets … include spurs in this now … and their media company is so shite it’s about to get kicked out the Nasdaq

Got spurs written all over it
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He also owns a I believe Taiwan based bank that is valued at 55 billion through another investment company.

Tsai is loaded. He just seems to have it spread out.

It is also kinda irrelevant at this point since they only bought a minor stake in ENIC and have no control.
 
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