Covered this earlier pal. Will be interesting to see why he’s there and representing who - Wigan fans seem to think it’s a conspiracy from Barnsley to sink them further.
It could be that he's representing someone like Alex Zheng. He was involved in the OGC Nice consortium but not the Barnsley one. There's also Krishen Sud, who is one of the investors at KV Oostende.
your not allowed more than 10 % in two English clubs so if any of the individuals who have invested at Barnsley have less than 10 % they could have 10 % in any consortium that bought Wigan. also its not illegal for someone who owns a majority in one club For his wife or visa versa or children of that husband or wife to be the majority owner of another football club as long as its there own individual investment although it would raise a few eyebrows of who actually owned the club. Robert Maxwell owned a club his son another Outside chance it could be Zheng, but have the Chinese government lifted the ban on nationals buying sporting interests abroad , i don't believe they have. The most probable speculation would be the company Redball Acquisition Corp that Billy Beanes involved with who were raising money via a IPO "They will be targeting sports franchises ,including European football clubs ,with brand value that can be improved through analytics" There IPO when live on 13 th August 50,000,000 units, at a price of $10.00 per unit if anyone's interested in buying some
I honestly can’t see any of our owners and how they operate having any interest in Wigan Athletic. I imagine it will be Zheng, if anyone, as he has a long standing relationship with Ganaye. Imagine if he buys it and installs Ganaye as ceo - and the Wigan lot dig up his ‘once a red always a red’ tweets...
I’d be very surprised at an investment vehicle being interested in taking on 40 million quid of debt. Unless they believe that they can legally quash the loan to the dodgy owner.
IPO closed yesterday, interestingly enough: NEW YORK, Aug. 17, 2020 (GLOBE NEWSWIRE) -- RedBall Acquisition Corp. (the “Company”) today announced the closing of its initial public offering of 57,500,000 units, which includes 7,500,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The offering was priced at $10.00 per unit, resulting in gross proceeds of $575,000,000. RedBall Acquisition Corp. is a new blank check company incorporated as a Cayman Islands exempted company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an acquisition opportunity in any industry or sector, it intends to focus on businesses in the sports, media and data analytics sectors, with a focus on professional sports franchises, which complement the management team’s expertise and will benefit from its strategic and hands-on operational leadership. The Company’s Sponsor, RedBall SponsorCo LP, is an affiliate of RedBird Capital Partners.
