08 Jun 2024 11:46:48
Ineos looking to sell Nice amid fears over UEFA's multi-club ownership rules. Interesting, no other multi-owned club has had any issues with it.
I wonder if it's more because they have failed to make any progress with Nice, and don't want to get drawn into comparison when looking at their handling of United.
08 Jun 2024 13:29:45
Think this has been on the cards since getting the stake in United, he also wants to up his shares in United.
08 Jun 2024 14:24:14
Kurtis tell me what your understanding is of the hugely reduced revenue for French clubs now with the new TV rights income?
08 Jun 2024 15:25:23
BeIN have shown an interest of €700m which is about €80m less than the current deal. I wouldn't call this a huge revenue reduction when split amongst clubs over 5 years.
I'm not saying this isn't a factor, it was to open discussion not invite your patronising questions.
{Ed001's Note - they didn't even have a deal for most of the season, so it is not even really a reduction because now they have a guaranteed income from it. And it was known when they bought Nice that there were problems getting any kind of TV package done. It will not have been a factor, it was expected to be a much lower figure, but BeIn need to keep propping up PSG.}
08 Jun 2024 19:45:57
Cheers for the insight Ed001.
Do you have any thoughts about why they might be looking to now suddenly sell? Do you think it's revenue/ performance based or just looking to raise capital for future purchase of shares in United?
{Ed001's Note - I would think it is a culmination of things. The fans don't want them, the European difficulties, the lack of a credible French star in Ligue 1 without Mbappe meaning that audience engagement (and consequently future income) is dropping, and it is likely they would rather use the money in a place where the return has a much higher potential.}
08 Jun 2024 20:59:32
I thought they were trying to implement a multi-club model (hence Omar Berrarda) to circumvent Brexit rules on youngsters? Thus part ownership in Nice be essential?