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JG Funding I think it wasWeren't they our old pals Vibrac.
No this did happen. It's something in the terms of the loan with R&M. MSP wanted to issue a loan that would convert to equity. R&M said no and that was itWhat? Moshiri owns 94% of the club? How could an external lender dictate to him who he sells his shares to? Complete rubbish to try and absolve Moshiri of blame, why people are still doing this in the year of our lord 2024 I have no idea.
No this did happen. It's something in the terms of the loan with R&M. MSP wanted to issue a loan that would convert to equity. R&M said no and that was it
Yes they have but they had to switch it to a normal loan and not one that converted to equityBut MSP have loaned us money though?
But MSP have loaned us money though?
JG Funding I think it was
A question I keep wondering is that, when most reporting suggests they have very little liquidity and struggle to even pay bills elsewhere, why are they tying up the best part of 200m in junior debt at a football club they may never own? Doesn’t really add up to me.
It's their desperate last throw of the dice. Their business model has so far failed miserably but they're hoping that owning a PL club with a shiny new stadium they can sell off will be what turns their doomed ship around.
All this money they're providing with us cash that they're borrowing from dodgy insurance firms. Robbing Peter to pay Paul. Masters and Co can clearly see this hence why they don't want to give approval.
We’ll see.Exactly. But my original point comes from The Esk and Josimar who state there is a rival in the wings, and that the 777 dealing falling through would be better long term.
All of that is complete guess work.