The Two-Step Position of Jim Radcliffe

The thinking all the way through is that two of the glazers family want to stay in, Joel and Avi, and the other four want to sell. So, what you're talking about is basically the two brothers that would stay in would basically own 20%. New York Stock Exchange would own 30% and then obviously Jim Radcliffe was buying all the American fund idea earlier. They would buy that 50% to get the other brothers and sister out. Now, I suspect he's probably looking at a two-step type position because of the value of the club is at like 6 billion. He might not be able to afford to get the 70%, which would be 4.2 billion