jhunter 0 Posted February 13, 2017 Share Posted February 13, 2017 the way the club scouts and pays for players desperately needs looked at relying on 10% shysters has led directly to where we are 0 Quote Link to post Share on other sites More sharing options...
BlackSocksRedTops 3,806 Posted February 13, 2017 Share Posted February 13, 2017 the way the club scouts and pays for players desperately needs looked at relying on 10% shysters has led directly to where we are Is John Park still out of work? The guy has a proven track record 0 Quote Link to post Share on other sites More sharing options...
Uilleam 5,960 Posted February 13, 2017 Share Posted February 13, 2017 So we are raising £32 million then , they can't just separate the debt for equity swap I have no idea of what final amounts will be. My understanding is that the debt will convert to equity, and that the monies raised from any share issue will not be used to reimburse the soft loans. I do not expect the lenders to write off these debts, at any time. It may be a matter of how the figures are presented, as to what any shares issue generates, but the soft loans are already in place, and they are loans, and will be repayable somehow, within a timescale. 0 Quote Link to post Share on other sites More sharing options...
rbr 1,266 Posted February 13, 2017 Share Posted February 13, 2017 I have no idea of what final amounts will be. My understanding is that the debt will convert to equity, and that the monies raised from any share issue will not be used to reimburse the soft loans. I do not expect the lenders to write off these debts, at any time. It may be a matter of how the figures are presented, as to what any shares issue generates, but the soft loans are already in place, and they are loans, and will be repayable somehow, within a timescale. They can't separate the debt / equity part from the share issue , every shareholder must be treated equally 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted February 13, 2017 Share Posted February 13, 2017 So we are raising £32 million then , they can't just separate the debt for equity swap Presumably the share issue would be for £32m with it raising £20m of new cash (assuming the pre-emption rights resolution was passed). 0 Quote Link to post Share on other sites More sharing options...
Uilleam 5,960 Posted February 13, 2017 Share Posted February 13, 2017 (edited) They can't separate the debt / equity part from the share issue , every shareholder must be treated equally Fine. What is your point? (Beyond 'King etc., are at it'.) Edited February 13, 2017 by Uilleam 0 Quote Link to post Share on other sites More sharing options...
rbr 1,266 Posted February 13, 2017 Share Posted February 13, 2017 Fine. What is your point?(Beyond 'King etc., are at it'.) My point is that no matter what we raise, £12 /13 million is going to be swallowed up by a debt for equity swop , I just happen to think this could happen further down the road . I fully understand the Ashley angle but the issue with him imho is more to do with the retail deal which is not linked to his shareholding and a completely separate issue which is going through the courts . 0 Quote Link to post Share on other sites More sharing options...
Uilleam 5,960 Posted February 13, 2017 Share Posted February 13, 2017 (edited) My point is that no matter what we raise, £12 /13 million is going to be swallowed up by a debt for equity swop , I just happen to think this could happen further down the road .I fully understand the Ashley angle but the issue with him imho is more to do with the retail deal which is not linked to his shareholding and a completely separate issue which is going through the courts . ideally, it could happen way down the road, but King et alia will want to retain control, so unless they are prepared/able to pony up more cash for new shares, sufficient to do that, then this will not happen. Is it fair to ask them to do so? There is still a risk associated with putting monies into the Club. Bear in mind that, if by whatever mechanism, King etc., lost control of the Club, they would likely be desirous of calling in their soft loans, which would be less than helpful. The issues with the Fat Git Ashley (along with numerous other problems) are prejudicial to raising money from a shares issue. The more I think about it , the more I realise what a bastard the swashbuckling, entrepreneurial, Knight of the Realm, SDM was. Is, still, I suppose. Edited February 13, 2017 by Uilleam 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.