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11 minutes ago, wilko154 said:

I think people are getting confused with the businesses that NSWE operate in.

Wes Edens hasn't personally bid for Morrison's, the bid has been made by Fortress Investment Group which is an investment group of which Edens founded and is now a part of. Although Wes will have part ownership of Morrison's should the deal go through, it's more of a consortium/investment group deal where he will only own a percentage.

People often state that Nassef Sawiris owns Adidas. This is the same situation, he acquired a percentage of Adidas through his investment group NNS Holding; there were I believe 3 investors in this deal and they bought major stakes but not all of Adidas.

It's obviously great news for us as a club that they are both doing so well though; and if future sponsorship can come in from these businesses then even better, they have the perfect platform for it going forward.

I get all of that.

However, it still gives them access to a multitude of resources, benefits, assets, cash and leverage.

Still a win for us IMO.

As you rightly mention, partnerships, marketing and endorsements for one.

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On 04/07/2021 at 23:09, foreveryoung said:

Fortress group which is one of Edens many businesses only bought Majestic Wines in 2019 for 100 million, now have bought out Morrisons for around 6 billion and have assets as a single company of close to 40 billion quid. Guess the recession hasn't hit these fellas to much.

They are going to want to build us into one of the biggest football teams in the Premier league no messin!!

Pretty impressive to say the least.

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1 hour ago, SirSteveUK said:

This is probably the most appropriate place to ask - but what was the final purchase price for us paid by NSWE?

60 mill?

 

Jacks left leg and a tub of his brylcreem. 

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2 hours ago, SirSteveUK said:

This is probably the most appropriate place to ask - but what was the final purchase price for us paid by NSWE?

60 mill?

 

Think that's close to the number. It was a distressed asset whose actual value should have been around 300M (what Newcastle is on the market for now). My take is that NSWE's business plan was to invest the 240M or so discount on building the squad and Academy. 

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4 hours ago, SirSteveUK said:

This is probably the most appropriate place to ask - but what was the final purchase price for us paid by NSWE?

60 mill?

 

Did that include the plans for the theme park? 

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38 minutes ago, OutByEaster? said:

Wes is a busy boy. 

Here are some other things he's been up to lately as well as buying Morrisons.

He's bought a railway company that moves steel around the US for $640m.

https://www.globenewswire.com/news-release/2021/06/08/2243587/35538/en/Fortress-Transportation-and-Infrastructure-Investors-LLC-Announces-the-Acquisition-of-Transtar-LLC-from-United-States-Steel-Corporation.html

That'll probably come in handy for his passenger rail service plan to link Vegas and California, which he's put on hold until 2022.

https://www.bloomberg.com/news/articles/2021-06-21/fortress-pitch-on-las-vegas-passenger-rail-to-wait-until-2022

Which should give him something to celebrate with the product of his very successful vintners operation, Majestic wine.

https://www.retailtimes.co.uk/majestic-toasts-record-market-share-and-braces-for-biggest-ever-summer/

Perhaps he can celebrate in his new offices:

https://www.bizjournals.com/dallas/news/2021/06/11/53b-global-investment-firm-confirms.html
 

And hey, if he can't find it, he can use the product of the new GPS firm he's invested in.

https://www.wsj.com/articles/next-generation-gps-firm-nextnav-nears-spac-deal-to-go-public-11623294232

He'll need that to get around the properties he's bought from Colony Capital

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/blackstone-to-buy-qts-realty-in-10b-deal-colony-capital-signs-535m-asset-sale-64947272

He certainly doesn't appear be thinking about retirement. In fact he's sold his retirement properties for $1.6bn.

https://seniorhousingnews.com/2021/06/21/atria-to-acquire-holiday-retirement-as-welltower-buys-86-properties-for-1-6b/
 

And indeed he'll be able to keep himself in shape having bought himself a physical therapy company for around $90m.

https://seekingalpha.com/news/3706958-ati-physical-therapy-and-fortress-value-acquisition-stockholders-approves-merger

And he'll need to keep himself in shape if he's going to continue taking on and beating heavy hitters like y'know Apple, in the US courts.

https://appleinsider.com/articles/21/06/29/apple-withdraws-from-antitrust-lawsuit-against-fortress-investment-group

Which is quite the achievement, since it seems he has quite a lot of gas.

https://www.businesswire.com/news/home/20210706005837/en/New-Fortress-Energy-Secures-LNG-Supply-Through-2027
 

Some of which he'll be passing in Ireland

https://www.datacenterdynamics.com/en/news/new-fortress-energy-attempts-to-revive-780m-irish-lng-terminal-plan-with-data-centers/

Oh, and as an aside, he also seems to have financed the purchase of another football club (or something, I don't quite understand) anyway, there's Fortress money now in Girondins De Bordeaux

https://news.in-24.com/news/82681.html

Now I don't know how much of that he's personally involved with, although he's the figurehead making statements on a lot of those deals, but it paints a picture of a very busy man who has the ability to buy for a dollar and sell for two - and for as long as he's here, I suspect that's a talent that'll come in very handy indeed.

 

Season 2 Couch GIF by The Fresh Prince of Bel-Air

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2 hours ago, OutByEaster? said:

Wes is a busy boy. 

Here are some other things he's been up to lately as well as buying Morrisons.

He's bought a railway company that moves steel around the US for $640m.

https://www.globenewswire.com/news-release/2021/06/08/2243587/35538/en/Fortress-Transportation-and-Infrastructure-Investors-LLC-Announces-the-Acquisition-of-Transtar-LLC-from-United-States-Steel-Corporation.html

That'll probably come in handy for his passenger rail service plan to link Vegas and California, which he's put on hold until 2022.

https://www.bloomberg.com/news/articles/2021-06-21/fortress-pitch-on-las-vegas-passenger-rail-to-wait-until-2022

Which should give him something to celebrate with the product of his very successful vintners operation, Majestic wine.

https://www.retailtimes.co.uk/majestic-toasts-record-market-share-and-braces-for-biggest-ever-summer/

Perhaps he can celebrate in his new offices:

https://www.bizjournals.com/dallas/news/2021/06/11/53b-global-investment-firm-confirms.html
 

And hey, if he can't find it, he can use the product of the new GPS firm he's invested in.

https://www.wsj.com/articles/next-generation-gps-firm-nextnav-nears-spac-deal-to-go-public-11623294232

He'll need that to get around the properties he's bought from Colony Capital

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/blackstone-to-buy-qts-realty-in-10b-deal-colony-capital-signs-535m-asset-sale-64947272

He certainly doesn't appear be thinking about retirement. In fact he's sold his retirement properties for $1.6bn.

https://seniorhousingnews.com/2021/06/21/atria-to-acquire-holiday-retirement-as-welltower-buys-86-properties-for-1-6b/
 

And indeed he'll be able to keep himself in shape having bought himself a physical therapy company for around $90m.

https://seekingalpha.com/news/3706958-ati-physical-therapy-and-fortress-value-acquisition-stockholders-approves-merger

And he'll need to keep himself in shape if he's going to continue taking on and beating heavy hitters like y'know Apple, in the US courts.

https://appleinsider.com/articles/21/06/29/apple-withdraws-from-antitrust-lawsuit-against-fortress-investment-group

Which is quite the achievement, since it seems he has quite a lot of gas.

https://www.businesswire.com/news/home/20210706005837/en/New-Fortress-Energy-Secures-LNG-Supply-Through-2027
 

Some of which he'll be passing in Ireland

https://www.datacenterdynamics.com/en/news/new-fortress-energy-attempts-to-revive-780m-irish-lng-terminal-plan-with-data-centers/

Oh, and as an aside, he also seems to have financed the purchase of another football club (or something, I don't quite understand) anyway, there's Fortress money now in Girondins De Bordeaux

https://news.in-24.com/news/82681.html

Now I don't know how much of that he's personally involved with, although he's the figurehead making statements on a lot of those deals, but it paints a picture of a very busy man who has the ability to buy for a dollar and sell for two - and for as long as he's here, I suspect that's a talent that'll come in very handy indeed.

 

Stalker alert! 

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  • 2 weeks later...
4 minutes ago, Jas10 said:

 

I'm assuming its a typo and he meant a billion quid rise?

Would be worried if a guy worth £8,300,000,000 'rose' to £8,301,000,000...

Edited by Steero113
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4 hours ago, Steero113 said:

I'm assuming its a typo and he meant a billion quid rise?

Would be worried if a guy worth £8,300,000,000 'rose' to £8,301,000,000...

I don't know a billion quid rise in one day would have been a 14% rise. That's a fair leap in a day.

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