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Yay, more debt.
Ring master
Player Valuation: £90m
Tony’s Carp
Player Valuation: £50m
Should we assume from the quantity this is essentially refinancing the MSP debt so we can get them paid off at the end of the month?
It's like taking a new credit card to pay off the last one except this one is coming with much bigger interest rates. This can't go ahead...hopefully the pl will see through it
Wasn't this the firm 777 approached for funding? Don't like the sound of this at all.
Also wouldn't it it better to get R&M loan out the way before MSP?
Refinancing might be a necessary evil to reduce short term outgoings. If it's additional borrowing to keep the lights on then it's just a matter of time before this whole sorry mess comes crashing down.
jerseytoffee
Player Valuation: £10m
The MSP loan had a huge interest rate of 18% according to @BeardedScotsman so maybe why we're getting rid first
Thanks mate
Only if you end up with better financial deal, either longer term borrowing with reduced monthly payments to make it easier on the club in the short term. Problem is that I am not sure we will have better terms with this new lender.
14_dollars
Player Valuation: £10m
This could be refinancing of MSP debt - due at the end of May, speculating of course but the sums are very similar.
Spinning plates.
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