Interesting post on telegram27 Sep 2023 09:08
Someone posted an interesting snippet in a telegram group this morning. I’ll copy it below. Make sense, I’m only in this now for a spike on takeover talks. Turnaround will take too long but I’m totally sure this will be in a bidding war… hold your hats as this will move fast on takeover talks
Telegram post
Interesting take on #ASC last night at dinner with some city folk. Seems the Turkish bid a last year that was rejected was Saudi backed. The sports washing agenda they are undertaking is high stake bet they truly believe in…they see merchandise tie ups as a major factor and with Frasers buying up Asos they see it as a potential distribution arm for Saudi sports merchandise. Interesting if they do go on for a bid based on its current SP.