Originally Posted by
uklad007
East Mids
BMI might not have the money and LH or SAS might not want to fund this purchase but BMI's Board of Directors might have the money to buy it separately and then potentially later merge the two......
bmi's Board is made up of
Sir Michael (50% plus 1 vote)
Nigel Turner
Tim Bye
LH 30% less 1 vote)
SK 20%
So either Sir Michael funds it personally or he has LH over the barrel (with the "Put/Call" options) to the extent that they have to go along with it.
I imagine an exceedingly peeved Mayrhuber presently...