You're probably right however I feel MOlL is slowly coming around to the idea that it won't happen at all and once these last few appeals runs their course it will come to an end and sooner he will sell up.
Guys
Ryanair have stated on a number of occasions they are more than happy to sell to anybody who comes in with an offer.
That was said approx 2 years ago and yet no offers received.......that in itself tells a story, a very limited number of buyers.
It will not be from a non EU airline as they cannot hold that % of shares........
max they can hold is 49.9%
BUT if they bought FRs holding under Stock Exchange rules they are required to make an offer for whole company which they physically could not do.
One negates the other and Stock Exchange would not change rules for what would be a very minor takeover.
As for being worst decision think you need to put it into the context when that was stated.
Worst decision BUT not a wrong decision............that was what David Bonderman was stating.
Board agreed to make that decision not a single person and despite what people like to assume that what M'OL says goes I don't think any of the board members are Yes people.
Doubt David Bonderman would have enjoyed the success he has in life if he peopled boards with Yes men.