1/ I’m sure you’re just as sick as the ITK accounts as I am. I decided to make this account to put the record straight about what’s going on, I don’t know everything but I know more than most (where I have the information from is outlined below). #nufc #NUFCTakeover
2/ I work for a law firm (that I won’t name) based in London. The firm primarily deals with large corporates and has a focus on M&A. The Premier League outsources part of its legal work to my firm - including *some* elements of the owners and directors test.
3/ We have insane levels of confidentiality around our work, even more so on public interest companies and M&A and the takeover of Newcastle is exactly both of those things.
4/ I’ve seen around 5 working papers regarding the takeover, and directly worked on 3 of them. The piracy issue is very much a huge legal hurdle and this is as far as my involvement goes (I specialise in law on intellectual property).
5/ Basically, from the limited amount of analysis I have done on this it’s clear that a multinational, geopolitical issue such as this is going to stretch out for a while.
6/ the good news is... that the working papers I was involved in were closing the piracy case due to insufficient evidence against the Saudis. This work took place over the last two working weeks.
7/ That’s as far as my involvement went - safe to say from what I’ve seen is that the piracy issue has been closed and usually a deal of this size would take another 2 weeks from the closure of the last working paper.
8/ The 5 working papers I saw were numbered 67 through to 71 and deals of this size normally have around 70-100 working papers. It’s looking like it’s done so stay calm and for gods sake stop listening to the newspapers!
9/ A lot of you are gonna shout ‘ITK’ at me and I don’t blame you, but do it whilst you can because I’ve used all kinds to hide my IP and this account is going to be deleted soon for my own sake.
You can follow @GavinSport360.
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