I have read a bit more about the sale now that the story is hotting up as the deadline for bids ends today and two names appear to be in the frame as of the time of posting. There might be some confusion ahead in regard to how this market is settled.
Here's how the market looked as of 10:22pm BST this evening:
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The news reports that I have been following have named 'China Media Capital' as one party. The second has been reported as, and I quote, 'WME/IMG (in conjunction with Dalian Wanda Group)'. As you can see from the image above, Dalian Wanda Group is in the running as a single entity without being in bed with WME/IMG, who are 10/1 outsiders.
The WME/IMG story is interesting as the bid has included funding from other companies and corporations namely the Kraft Group and a giant Chinese Internet business - Tencent Holdings.
I have had a punt on the WME/IMG bid winning out, but am unsure whether it will win, lose or void. 10/1 is worth a shot.
The market can be found under 'Sports Novelties' on the A-Z menu at PaddyPower.com.
Probably best to go with WME/IMG. My max bet was £2.37 so it isn't like you could risk a lot of money even if you wanted to. Can't really risk big money on this considering the consortium is looking like the favourite, and PaddyPower could just decide to screw you out of your money. The word was that the UFC was trying to sell a minority stake a while ago, so I dunno if that would've counted or not either. Wish they were more specific with the possible outcomes here.
ReplyDeleteThe latest I heard is it's a complete sale.
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