Trevor B 3:46 Fri Sep 29
Icelandics sell remainign shares
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From C&H:
The Icelandic’s have finally sold their remaining ten percent shareholding of West Ham United to an American investment firm called The Blackstone Group. The firm boast they have $371billion assets under their management.
As part of the sale of shares, Albert ‘Tripp’ Smith joins the board of West Ham directors to undersee the new investment.
Albert (Tripp) Smith is a Senior Managing Director of The Blackstone Group, and a Founder of GSO Capital Partners. Before co-founding GSO which he sold to Blackstone in 2008 for about $1bn. Prior to that Smith was Global Head of the Capital Markets Group within the Alternative Capital Division of CSFB.
The sale ends an eleven-year association with the former Icelandic consortium who were victims of the 2008 financial crisis.
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Replies - In Chronological Order ( Show Newest Messages First)
Eric Hitchmoe
3:49 Fri Sep 29
Re: Icelandics sell remainign shares
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Now watch the Blackstone Group go bust. You just know it.
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goose
3:51 Fri Sep 29
Re: Icelandics sell remainign shares
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So th story on Reddit was actually true? How funny.
So are these guys serious players or just seeing money to be made?
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Eddie B
3:53 Fri Sep 29
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https://www.blackstone.com/the-firm/our-people/person?person=1000621
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dicksie3
3:53 Fri Sep 29
Re: Icelandics sell remainign shares
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ASSET-RICH BILLIONAIRE YANKS.
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Trevor B
3:54 Fri Sep 29
Re: Icelandics sell remainign shares
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goose
nobody invests in a football club these days without thinking there is money to be made. What do you imagine is the business of an investment group like Blackstone? ;-)
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roltrader
3:55 Fri Sep 29
Re: Icelandics sell remainign shares
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They have a a lot of rich Arab clients
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goose
3:59 Fri Sep 29
Re: Icelandics sell remainign shares
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Not like you to be pedantic B.
I'll elaborate for you........ are they merely looking at having 10% to sell on in the future, or is this a step towards actually owning the club?
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Eggbert Nobacon
4:07 Fri Sep 29
Re: Icelandics sell remainign shares
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Blackstone Group is worth $30 billion and had income of $1.6bn a year
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JohnnyL
4:07 Fri Sep 29
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Only relevant if they start picking up other shares. As Gold & Sullivan own c86% with less than 4% with others it is really reliant on G&S wanting 'out' - probably only if really silly money and when they don't have to pay back any.
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,
4:09 Fri Sep 29
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Firstly the Icelandic banks were victims of their own hubris and secondly I fervently hope, that as an exception, WHU remain in majority British ownership.
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Spandex Sidney
4:10 Fri Sep 29
Re: Icelandics sell remainign shares
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'Albert (Tripp) Smith is a Senior Managing Director of The Blackstone Group, and a Founder of GSO Capital Partners. Before co-founding GSO which he sold to Blackstone in 2008 for about $1bn. Prior to that Smith was Global Head of the Capital Markets Group within the Alternative Capital Division of CSFB.'
He also owns a timber yard down Plashet Grove. Hopefully.
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goose
4:14 Fri Sep 29
Re: Icelandics sell remainign shares
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Do we know how much they paid for 10%?
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goose
4:23 Fri Sep 29
Re: Icelandics sell remainign shares
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As an investment group they either got a great deal or are confident in the value of the club going up. Have they not seen us play recently???
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roltrader
4:26 Fri Sep 29
Re: Icelandics sell remainign shares
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rich clients .... thats their interest
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SurfaceAgentX2Zero
4:29 Fri Sep 29
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Hmmm... Albert (Tripp) Smith.
I'd be much less suspicious of the whole thing if he were Albert Tripp, rather than 'Tripp' Smith.
The silly yank cunt.
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Northern Sold
4:30 Fri Sep 29
Re: Icelandics sell remainign shares
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ARABS...... sorry meant....
YANKS...
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Mart O
4:31 Fri Sep 29
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Hold on, Blackstone bought 10% of West Ham ?
These are serious players. In terms of private equity or commercial property, they're about as big as it gets. They're not doing this for fun, they must see a potential angle somewhere.
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On The Ball
4:31 Fri Sep 29
Re: Icelandics sell remainign shares
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Do you need clean pants, Sold?
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penners28
4:32 Fri Sep 29
Re: Icelandics sell remainign shares
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YES! hopefully we'll have foam fingers and hot dog sellers in the stands now
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BRANDED
4:32 Fri Sep 29
Re: Icelandics sell remainign shares
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Maybe they want to see a return on investment by way of a regular dividend?
That or a sale but a sale just means they would need to find something else to buy so assume this means that part of your love of this club is now also going into the pockets of other rich cunts apart from footballers and porn magnates.
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