When people say its in 777 interests to make us successful and invest, think about the above suspicion on unsecured debt by Maguire, its very possible 777 are borrowing money at 20% and then lending it to us at a higher rate and that money comes out of the club - an arbitrary 25% of 100 mill is 25mill - thats how 777 will make money, there is no good will involved in this. Thats on top of the huge interest we are paying to R&M and MSP.
Club is being run on a credit card essentially with prob just the interest being paid.
Moshiri is some gangster.
Club is being run on a credit card essentially with prob just the interest being paid.
Moshiri is some gangster.