That assumes that it's a state-funded bid. But if it was a state-funded bit, a few hundred million more to get it over the line would seem very surmountable. After spending 220 billion, whats a few hundred million?
That's why I am not 100% certain that it was. I suspect Jassim has brought together a consortium of investors.
It’s not about the price right now, that’s why the Glazer brothers want to stay as they think they can get more money years down the line.
It will be interesting to see how Ineos got round this because while they will want a set price when buying future shares, it won’t be based on current valuation.
Unless SJ was going to leave the Glazers with some shares he was fighting a losing battle. I guess when you pay £5B+ for a club, clear debt and improve the stadium/training facilities then you would want 100% of the club but ultimately they have lost because they stuck to their guns.
When PSG was bought, QSI only bought 70% of the shares, they did buy the rest within 12 months but you are talking about two teams who were at the opposite ends on the valuation scale. The point is that they got their foot through the door first.