Peter Lim actually offered more than NESV.
SOS then offered to raise the funds to pay for the Main Stand redevelopment in return for a stake in the Club. However FSG turned them down.
“Offered to raise the funds” is very different to having said funds in hand.
To my mind, fan ownership is a non-starter. Theoretically, having a small stake owned by fans might be possible, but there has been insufficient movement around that, because now that we are up for sale, there is no fan group who has the funds to put down on the table for even a small percentage. If I am wrong on that, I am happy to be corrected. But as far as I know, it has just been talk, and you can’t buy anything with talk.
One possible way for fans to own a stake might be if FSG accepts a bid from a group that might attract fan protest, but to assuage misgivings, the condition of sale might be to offer up a small percentage, plus fan representation on the board.
This could be FSGs way of leaving with their money, while also tempering fan concerns about the new owner by cementing a permanent seat on the board and an ownership stake too.
As a hypothetical example, let’s say FSG are considering a Qatari group with money to burn. £3 Billion is the price, but it means 5% is owned by fans (worth £150M) plus a seat on the board.
The fan viewpoint would thus be represented at the highest level, permanently, and the deal would offer some scope for cross cultural interaction and opportunities for learning.