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NUFC/Sportwashing

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sofatester said:
@Grumpy Old Man any ideas what this is about
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It looks as though PIF have changed their corporate status, It's a little hard to interpret because there are no details anywhere of what the old status was. I'm no expert on Saudi corporate law, but it looks as though a "corporation sole" is a company with only one shareholder. However, there is no indication of who that shareholder is. It's most likely an attempt to distance the Crown Prince from the investment vehicle. However, they'll still have problems convincing the PL that the Prince is not a shadow director, that is, someone not an official appointee, but who is directing activities from behind the scenes. It's a status defined in company law - "The Companies Act, 2006, defines a shadow director as a person, “in accordance with whose directions or instructions the directors of a company are accustomed to act.”" This would mean that PIF would need to prove that the regime was not in fact controlling investments of its own money. Good luck with that one.
 
sofatester said:
Public beheading at half time ?
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Nah, what happens is they run on the pitch and do a war dance on the half way line and then run quickly back into the Gallowgate.
Prior to this, pre-match they walk to their lopsided monstrosity of a stadium behind the local Vicar, friend of many a gangster, weeping and wailing whilst shouting at Sports Direct shop fronts.
Post match they all have a wobbler, head butting and turning over waste bins before then belting defenceless animals.
 
Grumpy Old Man said:
It looks as though PIF have changed their corporate status, It's a little hard to interpret because there are no details anywhere of what the old status was. I'm no expert on Saudi corporate law, but it looks as though a "corporation sole" is a company with only one shareholder. However, there is no indication of who that shareholder is. It's most likely an attempt to distance the Crown Prince from the investment vehicle. However, they'll still have problems convincing the PL that the Prince is not a shadow director, that is, someone not an official appointee, but who is directing activities from behind the scenes. It's a status defined in company law - "The Companies Act, 2006, defines a shadow director as a person, “in accordance with whose directions or instructions the directors of a company are accustomed to act.”" This would mean that PIF would need to prove that the regime was not in fact controlling investments of its own money. Good luck with that one.
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As you seem to know what you are talking about....

Why not just start a new shell company?
 
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