26 September 2011

PK no longer involved?

Jack Bell, who is both a great soccer writer and a credible source of information used twitter today to reveal some interesting news about the Cosmos. His post was:

" JackBell 
I hear that Englishman Paul Kemsley is out at the Cosmos, as in bought out by his investor group from Saudi Arabia."

The Cosmos have not said much in the past month and a half and now this. As imagined, this news has fans completely confused. Fans are asking what this means for the Cosmos and MLS.

It was always known that Paul Kemsley was seeking foreign investment, and there was a lot of speculation that there was a Saudi investment group involved, but it is a surprise to see that Kemsley was completely bought out.

There is a lot of money in that region of the world, so this can actually be a very positive development for the financing of a NYC team. If this group has been involved with Kemsley, then they are fully aware of the costs of this venture. They know the costs of a stadium in the city and they know about Garber's 100 Million price tag, so this action has to mean this group has the financial power to finish the job.

The roller coaster ride continues.


harry said...

Our spies recently spotted Paul Kemsley -- a British developer and chairman of the revived New York Cosmos soccer club, which boasts Pele as its honorary president -- checking out the posh pad. It’s a 7,750-square-foot, four-bedroom, 6 1/2-bathroom duplex penthouse with views from Central Park to the East River, and of St. Patrick’s Cathedral and the Empire State Building.

The apartment includes a corner living room with a wet bar, a dining room that seats 12, a chef’s eat-in kitchen and attached family room, a media room with a projection screen and a state-of-the-art sound system.

Listing broker John Barbato, of Stribling & Associates declined to comment.

Read more: http://www.nypost.com/p/news/business/realestate/residential/dakota_bldg_RPM8d2RW0ZI7qPVdm95BlN#ixzz1Z8WTMhZX

Anonymous said...

We need some solid reporting on this. I am tired of the reach around i want real news about this.