pfim
Player Valuation: £35m
The PL test applies for shareholders above 25%, directors and/or individuals who exert influence over the club's operations (I'm quoting from memory).
It supersedes any private arrangement.
The PL test applies for shareholders above 25%, directors and/or individuals who exert influence over the club's operations (I'm quoting from memory).
It supersedes any private arrangement.
But he'd still own 49% of the massive debt too and have to take on more when 777's 20m per month ceases. If he was asking too much for all of the club surely he'd ask too much for 49%, a mess either way mate. Too much debt involved now I fear for any easy way forward.
Big_Duncs_Fod
Player Valuation: £2.5m
Well this seems to be going swimmingly.
Martin Alvito
Player Valuation: £50m
Even in the short term, selling the stadium is a bad idea. The new rules limit spending as a percentage of revenue. What this means is that an owner who wanted to spend would be far less able to do so in an arrangement where we lease, rather than own and service debt.
We can't sell and then invest some of the proceeds in the squad, because it's a one-year shot in the arm. We would still have to deal with wages and amortization in future years, and we would be unable to do it under the rules.
Owning BMD may not be a path to profitability, but it's the only one to a competitive squad. It's worth realizing that a prospective owner under the new rules will recognize that it's OK to take paper losses servicing debt if the value of the underlying asset, the club, appreciates more rapidly. The investment pays off in the end, provided it's spent more wisely than Moshiri's.
Selling BMD to service the debt would be a strategic disaster. The only reasons to do it are extremis and for a short-term owner to make a quick buck. Either way, it would be terrible for our competitive position.
TheAlmightyFloater
Player Valuation: £30m
I did not know that - thank you!
Did MSP have to go through the PL test originally? Or was their interest vetoed by RMF before it progressed that far?
If so they'll probably sail through given that the PL approved 777.
pfim
Player Valuation: £35m
I don't believe they made it that far, but again just from memory.
They'll likely face some of the same hurdles that 777 is now, but to me they are better known operators and don't have the fleas that 777 has. It feels as if they commit to the club, that means they're sure they'll pass.
The thing is though, since they threw their 150+m in the clubs debts have become enormous. Do they really want part of that or like Moshiri just want their money back? It is so complicated now this far in.
pfim
Player Valuation: £35m
A minority stake in a business is worth far less than a majority. Even by 1%. If MSP take over, it's only good for Moshiri if he can't get that price elsewhere (through 777 or someone else).
I'd certainly love to know the true financial status of the club and all the parties involved. I still fear the debt is higher than what the club is worth.....especially if the massive monthly borrowing needs to continue at the rate it has been.
Blue Smoke
Player Valuation: £1m
Go only knows what sort of interest rates have been put on these loans as well.
Blue Smoke
Player Valuation: £1m
At least we should know on the 15th...which happens to be...my birthday
I'll bet anyone a Lucky bag and 2x 10p mixes MSP don't take up the option.
Furey1878
Player Valuation: £70m
Didn't 777 loan money off MSP though? Or have I read some of the stuff going around wrong?
If I'm right though, the main reasons they'll likely take charge is:
- Calling in their loans could force out Moshiri and their loans become actual stake in the club
- The situation of 777 not being able to fund forces Moshiri to lower his asking price which will make us a better prospect for other investors and buyers
I am by no means clued up financially though so that could all be a load of sh!te
