Only a remote possibility based on what the economy does etc... pretty much all players have the ability to go south in the next few years if things don't go as planned. QF seems to me to be in a very precarious position with not a lot needing to go wrong to push it into the abyss. First and foremost it has no equity partner, so unless the gov caves in to ownership rules it has to generate all its own cash and savings. If it did go free of restraint to the market you might see a lot of interest and that would change things significantly, at present no one really wants 10% of a flooded pie with no real control. I cant see J* receiving much interest in sell off either at present, its high loss and reliance on QF infrastructure would make many large investors wary.