A German Philippines and British coal sales

What if Spain sold the Philippines to Germany during the Spanish-American War?

The United States would reject the sale, while Britain could profit from supplying both sides and keep Germany occupied by the dispute.

A last-minute Spanish sale of the Philippines to Germany would provoke an American refusal to recognise the transfer. Britain could let the two powers fight while earning money from both. British merchant colliers supplied overseas fleets, giving Britain influence over their operations. In this scenario, continued supply would keep Germany occupied with the American dispute.