Still important information. It would suggest that someone is now ahead of them.
I’ll be very surprised if it’s anyone other than the Aussies now.
You have to admit they have been very persistent.
They have ............ Am I the only one a little concerned as to why ? I know nothing about them, I have no inside knowledge, I just keep thinking, why have they been so determined to buy us after all of the obstacles & clauses that the Belgian has presumably put in place. They even appear to have seen off Red henrys mega rich lot. Maybe these are good things time will tell but why am I worried ?
I assume that the £40M is the figure to be paid to RD, there is still the £7M to be paid to the ex-directors, which makes the asking price £47M. I know that the directors £7M can be deferred, but it has to be paid at some time.
Not absolutely true, for the same reason it hasn't been paid to date, although the ex-directors could get (more) difficult over leases to people like franchisees. It's also likely to be bought out for less than £7m, if paid before strictly necessary under the terms.
There are at least 3 Ex Directors that will never negotiate their Loans or allow Leases until they are repaid in full.And until now, from what we understand, only one buyer has approached them and has known their position for quite some time.
Just a note on this comment of April 9th,this issue of Ex Directors Loans has never been addressed by Aussies, and never by Roland , so if they are a group of Investors and some or all require funding then that I suggest is the hold up, as they would want Charges removed and someone has to pay.
I assume that the £40M is the figure to be paid to RD, there is still the £7M to be paid to the ex-directors, which makes the asking price £47M. I know that the directors £7M can be deferred, but it has to be paid at some time.
Not absolutely true, for the same reason it hasn't been paid to date, although the ex-directors could get (more) difficult over leases to people like franchisees. It's also likely to be bought out for less than £7m, if paid before strictly necessary under the terms.
There are at least 3 Ex Directors that will never negotiate their Loans or allow Leases until they are repaid in full.And until now, from what we understand, only one buyer has approached them and has known their position for quite some time.
Just a note on this comment of April 9th,this issue of Ex Directors Loans has never been addressed by Aussies, and never by Roland , so if they are a group of Investors and some or all require funding then that I suggest is the hold up, as they would want Charges removed and someone has to pay.
Or just carry them over, as Airman has suggested could be the case?
I assume that the £40M is the figure to be paid to RD, there is still the £7M to be paid to the ex-directors, which makes the asking price £47M. I know that the directors £7M can be deferred, but it has to be paid at some time.
Not absolutely true, for the same reason it hasn't been paid to date, although the ex-directors could get (more) difficult over leases to people like franchisees. It's also likely to be bought out for less than £7m, if paid before strictly necessary under the terms.
There are at least 3 Ex Directors that will never negotiate their Loans or allow Leases until they are repaid in full.And until now, from what we understand, only one buyer has approached them and has known their position for quite some time.
Just a note on this comment of April 9th,this issue of Ex Directors Loans has never been addressed by Aussies, and never by Roland , so if they are a group of Investors and some or all require funding then that I suggest is the hold up, as they would want Charges removed and someone has to pay.
Or just carry them over, as Airman has suggested could be the case?
Only if they don't need to borrow against the assets of the club and are prepared to except unsecured loans, and they will be unable to lease any property to third parties. I suggest this has been a stumbling block for all buyers as Roland unwilling to pay off these debts and buyers don't want to pay the extra £7mn .
I assume that the £40M is the figure to be paid to RD, there is still the £7M to be paid to the ex-directors, which makes the asking price £47M. I know that the directors £7M can be deferred, but it has to be paid at some time.
Not absolutely true, for the same reason it hasn't been paid to date, although the ex-directors could get (more) difficult over leases to people like franchisees. It's also likely to be bought out for less than £7m, if paid before strictly necessary under the terms.
There are at least 3 Ex Directors that will never negotiate their Loans or allow Leases until they are repaid in full.And until now, from what we understand, only one buyer has approached them and has known their position for quite some time.
Just a note on this comment of April 9th,this issue of Ex Directors Loans has never been addressed by Aussies, and never by Roland , so if they are a group of Investors and some or all require funding then that I suggest is the hold up, as they would want Charges removed and someone has to pay.
Or just carry them over, as Airman has suggested could be the case?
Only if they don't need to borrow against the assets of the club and are prepared to except unsecured loans, and they will be unable to lease any property to third parties. I suggest this has been a stumbling block for all buyers as Roland unwilling to pay off these debts and buyers don't want to pay the extra £7mn .
I still don’t see that the loan holders are in any stronger position before or after a deal to leverage their position. These conditions apply now and have applied since 2010. Borrowing against the assets is likely to be limited in any event and the club had at least in some cases got round the third party leases by not bothering to formalise them.
It’s also the case that the loan holders are divided among themselves - particularly in relation to Murray - so it’s not a straightforward “£7m now or no deal” and never has been.
I assume that the £40M is the figure to be paid to RD, there is still the £7M to be paid to the ex-directors, which makes the asking price £47M. I know that the directors £7M can be deferred, but it has to be paid at some time.
Not absolutely true, for the same reason it hasn't been paid to date, although the ex-directors could get (more) difficult over leases to people like franchisees. It's also likely to be bought out for less than £7m, if paid before strictly necessary under the terms.
There are at least 3 Ex Directors that will never negotiate their Loans or allow Leases until they are repaid in full.And until now, from what we understand, only one buyer has approached them and has known their position for quite some time.
Just a note on this comment of April 9th,this issue of Ex Directors Loans has never been addressed by Aussies, and never by Roland , so if they are a group of Investors and some or all require funding then that I suggest is the hold up, as they would want Charges removed and someone has to pay.
Or just carry them over, as Airman has suggested could be the case?
Only if they don't need to borrow against the assets of the club and are prepared to except unsecured loans, and they will be unable to lease any property to third parties. I suggest this has been a stumbling block for all buyers as Roland unwilling to pay off these debts and buyers don't want to pay the extra £7mn .
I still don’t see that the loan holders are in any stronger position before or after a deal to leverage their position. These conditions apply now and have applied since 2010. Borrowing against the assets is likely to be limited in any event and the club had at least in some cases got round the third party leases by not bothering to formalise them.
It’s also the case that the loan holders are divided among themselves - particularly in relation to Murray - so it’s not a straightforward “£7m now or no deal” and never has been.
Then why has deal not been done? Its a fact that two groups negotiating wanted those Loans cleared,maybe because they had Peninsular ambitions,maybe because their Banks wanted first charge. Roland bought Club with no idea about Charges, Slater and Co bought while First Charge was owned by Banks and Directors Loans were second Charge and combined Debt was what £16mn? So position now very different and buyers require clean title, why has no one completed a deal in a year?
I assume that the £40M is the figure to be paid to RD, there is still the £7M to be paid to the ex-directors, which makes the asking price £47M. I know that the directors £7M can be deferred, but it has to be paid at some time.
Not absolutely true, for the same reason it hasn't been paid to date, although the ex-directors could get (more) difficult over leases to people like franchisees. It's also likely to be bought out for less than £7m, if paid before strictly necessary under the terms.
There are at least 3 Ex Directors that will never negotiate their Loans or allow Leases until they are repaid in full.And until now, from what we understand, only one buyer has approached them and has known their position for quite some time.
Just a note on this comment of April 9th,this issue of Ex Directors Loans has never been addressed by Aussies, and never by Roland , so if they are a group of Investors and some or all require funding then that I suggest is the hold up, as they would want Charges removed and someone has to pay.
Or just carry them over, as Airman has suggested could be the case?
Only if they don't need to borrow against the assets of the club and are prepared to except unsecured loans, and they will be unable to lease any property to third parties. I suggest this has been a stumbling block for all buyers as Roland unwilling to pay off these debts and buyers don't want to pay the extra £7mn .
I still don’t see that the loan holders are in any stronger position before or after a deal to leverage their position. These conditions apply now and have applied since 2010. Borrowing against the assets is likely to be limited in any event and the club had at least in some cases got round the third party leases by not bothering to formalise them.
It’s also the case that the loan holders are divided among themselves - particularly in relation to Murray - so it’s not a straightforward “£7m now or no deal” and never has been.
Then why has deal not been done? Its a fact that two groups negotiating wanted those Loans cleared,maybe because they had Peninsular ambitions,maybe because their Banks wanted first charge. Roland bought Club with no idea about Charges, Slater and Co bought while First Charge was owned by Banks and Directors Loans were second Charge and combined Debt was what £16mn? So position now very different and buyers require clean title, why has no one completed a deal in a year?
Comments
We can but hope!
I suggest this has been a stumbling block for all buyers as Roland unwilling to pay off these debts and buyers don't want to pay the extra £7mn .
It’s also the case that the loan holders are divided among themselves - particularly in relation to Murray - so it’s not a straightforward “£7m now or no deal” and never has been.
Shame you don't, anything useful to add?
Roland bought Club with no idea about Charges, Slater and Co bought while First Charge was owned by Banks and Directors Loans were second Charge and combined Debt was what £16mn?
So position now very different and buyers require clean title, why has no one completed a deal in a year?