Also should note we're asked to vote only on heads of terms. The legal documents, shareholders’ agreement and conflict-of-interest rules are agreed after the vote not before.

Serving as the Founding Principal Benefactor for a major campaign aiming to support 1 million young people through The King's Trust International implies a tier of multi-million-dollar philanthropic commitments that only ultra-high-net-worth individuals can sustain.

The proof of funds checks have been done by SSC's solicitors and our solicitors so at the moment that's a point of weakness in my mind. I'm not sure how much the IFR and EFL look into proof of funds or if they just accept the solicitors' word - I would hope they would look into it themselves otherwise they're accepting the word of two parties clearly interested in the deal happening.

Interesting that one of the only examples I can find of similar management fees in football finance is... the Glazers at Man Utd.

Donial over the 5 seasons SSC will pay themselves £870k for running the show. So you could argue the investment is 'only' £86m

AI appears to estimate Omar Mir's wealth in the $100-500m range

The plc (or holding company?) get £1million, but SSC potentially have the rights to 900K of it but they can't just extract the money when they feel like it.

I think funds from player sales are covered in the pack as to exactly how much goes into the playing budget and how much goes towards infrastructure. From what I understand the economic rights are about the value of the club. Let’s assume today the club is valued at £87m because of the deal on the table. Then assume that in 5 years time that value has gone up to £150m because we’re a competitor Championship club with a decent non-temporary stadium and an award winning cheerleading team. At that point if SSC want to sell up then they are entitled to 90% of that £150m and we get 10%

SSC will take an annual management fee of 1% per annum of the relevant year’s total capital investment as against an industry standard practice of 1.5-2.0% for investment management.

I am really struggling with the concept of "economic rights" and what it means in practice. Does it mean, for example, once SSC acquire 90% that if we sell a player for £1m SSC get £900k and them club gets £100k?

No one knows where the 125k came from but when he pocketed the 8 million for selling Plough Lane he probably felt that was a decent return

Nice. Money from the empire.

Trigger - not only that they were prepared to loan us 2mil to stave off any threat of admin.

I did uncover his age which is 43

I tried looking for Omar Mir's net worth using Meta & Google AI, but no cigar

From the King's Trust website: "Omar brings a values-led perspective, shaped by a distinguished British–African heritage founded upon service, stewardship, and responsibility. Descended from a family that made enduring contributions to Kenya’s development in the years preceding independence across vital sectors including the railway infrastructure and the armed forces..."

Another way of looking at admin is this same group could buy us outright for far less than they say they're intending to invest.

The proof of funds would have been with Omar Mir rather than Sloane Street. I'm not sure how wealthy Mr Mir is, he seems to have ties to UAE AI ventures so possible his wealth comes from the Gulf states. Being a board exec or board consultant, advisor etc, I assume doesnt make someone mega rich?

Hammam backed Bassett. The 125k for Fashanu was the largest but not the only cash that Hammam put in on our way to Division One.

Yes they specifically stated the company was formed only for this investment so no reason to expect a hostory. There is always a question as to whether Mr Mir can pay up for the 5 years but the 16 million kicks the can a fair way down the road. I'd hope that is in the equivalent of escrow before we sign anything.

There was some mention of betting firms, last night. Bet that didn't go down too well with some people.

Who put the 125k in for fashanu?

A quick interrogation suggests that the Sloane Street was created for this purpose and the money itself is down to Mr Mir alone. No judgment on that either way just saying what I believe to be the case.

Interestingly Omar Mir is a consultant to General Atlantic which is an American investment company and is deemed as being extremely solvent. The wonder is whether there is a link. There is no reported link btw but may be something to think about.

Thank you. Will have a closer look.