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Unread 02-03-2010, 10:16 AM
Sullingtons
 
Thumbs up Where were the Red Knights when the original takeover happened?

Oh, that's where - two of them were making fees from it. As underwriters and legal advisors.

Well done lads. Top Reds etc etc.
 
Unread 02-03-2010, 10:31 AM
red @rmy
 
Default Re: Where were the Red Knights when the original takeover happened?

Quote:
Originally Posted by Sullingtons
Oh, that's where - two of them were making fees from it. As underwriters and legal advisors.

Well done lads. Top Reds etc etc.
Magaluf
 
Unread 02-03-2010, 10:33 AM
forzagarza
 
Default Re: Where were the Red Knights when the original takeover happened?

Had they got sucked into the vortex that is your left nostril?
 
Unread 02-03-2010, 10:36 AM
elephantstone
 
Default Re: Where were the Red Knights when the original takeover happened?

some were still at school

hth
 
Unread 02-03-2010, 10:37 AM
redloner
 
Default Re: Where were the Red Knights when the original takeover happened?

Quote:
Originally Posted by Sullingtons
Oh, that's where - two of them were making fees from it. As underwriters and legal advisors.

Well done lads. Top Reds etc etc.
Could you be more specific?
 
Unread 02-03-2010, 10:38 AM
Withers
 
Default Re: Where were the Red Knights when the original takeover happened?

IIRC Harris claimed to have somebody from the Middle East lined up however they wanted the backing of the fans before getting involved.

It wasn't forthcoming from certain sections apparently so we never got to find out if there was a half reasonable alternative out there.

Somebody with a better memory than me may be able to elaborate.
 
Unread 02-03-2010, 10:44 AM
forzagarza
 
Default Re: Where were the Red Knights when the original takeover happened?

Quote:
Originally Posted by Withers
IIRC Harris claimed to have somebody from the Middle East lined up however they wanted the backing of the fans before getting involved.

It wasn't forthcoming from certain sections apparently so we never got to find out if there was a half reasonable alternative out there.

Somebody with a better memory than me may be able to elaborate.
Yeah there was defaintly soemone else. Also they were at a disadvantage as one of the main shareholders were the Glazers already.
 
Unread 02-03-2010, 10:47 AM
Sullingtons
 
Default Re: Where were the Red Knights when the original takeover happened?

Quote:
Originally Posted by redloner
Could you be more specific?
No

I'm only going off the story in the Times that one is a senior partner at Freshfields and O'Neill works for GS, who are one of the underwriters.

I'm just playing devil's advocate really. But it's strange how not many if any of them were outspoken during the takeover (apart from Hytner, top red) and now there's an opportunity they dress themselves up as the savior, they come calling.

Typical cavelier attitude from the City - make money from a poorly leveraged deal, then make money from another when shit hits the fan.
 
Unread 02-03-2010, 11:15 AM
redloner
 
Default Re: Where were the Red Knights when the original takeover happened?

Mark Rawlinson (Freshfields) advised the club on the Glazer takeover. Allen & Overy advised the Glazers. All the lawyer can do in the situation in 2005 is advise the board (which included Jim O'Neill) on what was legal and what wasn't.

Ultimately, the decision not to call the bid as hostile was one taken by the board, with David Gill.

Now, Rawlinson will have detailed information on the situation back then and that may be invaluable in the tabling of a bid.

Goldman Sachs was not involved in the 2005 takeover. The Glazers had N M Rothschild handle that. Goldman Sachs was involved in the recent bond issue, but as soon as that was completed, Jim O'Neill commented in his personal capacity that the offer was too risky and the debt could damage the club. I don't suppose he has the power of veto over a deal not part of his job description.

I'm not saying this lot are perfect, but in comparison to the Glazers...
 
Unread 02-03-2010, 11:16 AM
carlosartorial
 
Default Re: Where were the Red Knights when the original takeover happened?

Jim O'Neill was on the United Board, he was fucked off as soon as the Glazers wrestled control.

http://www.timesonline.co.uk/tol/spo...icle530860.ece

Last edited by carlosartorial; 02-03-2010 at 11:18 AM.
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