777 Partners / Whatever the hell you like

[Neiler]

Got a mouth on him since Kenwright has died, eh?

Find it, in bad taste.

Whatever about the truth of it.

Brave now.

 

[BNJ1878]

Got a mouth on him since Kenwright has died, eh?

He certainly has, I can only hope a few more decide to speak freely.

All illusions of 'good old Bill' need shattering.

Tevor Birch would be nice.

 

[Martin Alvito]

If someone else had the power to remove Wander and Pasko, that means Wander and Pasko have no power. If the workout guys were brought in by those two, they wouldn’t have been given board seats. The fact that they were suggests someone removed all decision making power from the shareholders

More likely, loss of operational control is the price they're paying for some hope of recovering their equity. It's possible that a creditor made the demand, but it's not clear why they would accede to it. That's like appointing your creditor the bankruptcy trustee.

That leaves us with our original two possibilities. Pasko and Wander (why do I want to type Panko and something the filter doesn't like?) are running a business that grew rapidly through heavy leveraging and operating in legal grey areas, or they're a criminal enterprise accountable to someone else.

 

[pfim]

Paul Gregg interview with the Echo is out as a podcast. They have a YouTube version out later on this evening.

"I won't say too much about Bill because he's no longer here to defend himself, but as a chairman he lost the plot"

"What's changed in 20 years? Nothing"

Quite a bit, seems to be much worse since Moshimanov arrived.

 

[Exeter_Gently]

He certainly has, I can only hope a few more decide to speak freely.

All illusions of 'good old Bill' need shattering.

Tevor Birch would be nice.

Quite

 

[pfim]

More likely, loss of operational control is the price they're paying for some hope of recovering their equity. It's possible that a creditor made the demand, but it's not clear why they would accede to it. That's like appointing your creditor the bankruptcy trustee.

That leaves us with our original two possibilities. Pasko and Wander (why do I want to type Panko and something the filter doesn't like?) are running a business that grew rapidly through heavy leveraging and operating in legal grey areas, or they're a criminal enterprise accountable to someone else.

Shares could have been held for collateral like Flair, and perhaps they still have an interest in the football operations but not control.

 

[Martin Alvito]

Shares could have been held for collateral like Flair, and perhaps they still have an interest in the football operations but not control.

I don't see someone with a lifetime in leveraged acquisitions making the mistake of putting enough shares up for collateral to cost him control.

I can see him permitting some loans to be converted that dilute his stake, or selling a controlling interest as the price of the restructuring work to be done, in the hope of recovering some fraction of his stake.

 

[allen]

Find it, in bad taste.

Whatever about the truth of it.

Brave now.

Yes, and totally pointless now.

It seems pretty cowardly to wait until the man is in the ground, instead of shouting about the issues when they mattered.

 

[PeregrineT]

If MSP are demanding payment and we are finding the money to do so, why doesn’t it make sense? He’s literally just made sense of it himself.

Hah, I know, absolute nonsense. Anyone that ever takes his word on anything finances related after this is a fool. It doesn't make sense to pay off MSP who can take half of your company if you don't?

Also, for those doing the ludicrous clickbaiting about administration this proves there wont be any. Moshiri clearly wouldn't pay out more money to then take the club into administration and lose it all.

 

[Exeter_Gently]

Hah, I know, absolute nonsense. Anyone that ever takes his word on anything finances related after this is a fool. It doesn't make sense to pay off MSP who can take half of your company if you don't?

Also, for those doing the ludicrous clickbaiting about administration this proves there wont be any. Moshiri clearly wouldn't pay out more money to then take the club into administration and lose it all.

What do you think happens once MSP are paid off?

 

[DanB90]

He certainly has, I can only hope a few more decide to speak freely.

All illusions of 'good old Bill' need shattering.

Tevor Birch would be nice.

The man’s dead. Seems ike a pointless waste of energy.

Bet Moshiri and the rest of them will be loving all the anger being aimed at someone who isn’t around to answer the flack.

 

[LEONARD]

 

[PeregrineT]

What do you think happens once MSP are paid off?

Not much, I think after that he just works on finishing the stadium build while trying to find a buyer. I think all he cares about is maximizing what he can get and he sees the stadium as the key to that.

 

[Marius57]

The man’s dead. Seems ike a pointless waste of energy.

Bet Moshiri and the rest of them will be loving all the anger being aimed at someone who isn’t around to answer the flack.

Moshiri won’t care as he is never around to answer the flack either

 

[blueboy72]

If MSP are demanding payment and we are finding the money to do so, why doesn’t it make sense? He’s literally just made sense of it himself.

More guess work from captain no-mark