abelard
Player Valuation: £35m
BREAKING: Axel Witsel will sign for Chinese club Shanghai SIPG and earn €18m a season. [@FabrizioRomano]
nice of him to provide the perfect pretext for pretending we never wanted him anyways...
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BREAKING: Axel Witsel will sign for Chinese club Shanghai SIPG and earn €18m a season. [@FabrizioRomano]
My understanding is that BHH Ltd have loaned £80m to EFC Ltd most of which has been used to clear old debts. It's unclear if new debt was incurred last summer.The debt has been cleared. We are no longer paying extortionate interest every year on it. There is no timetable for the debt to be repaid. The largest shareholder at the club is not going to start syphoning money out of the club any time soon, if ever. He's more likely to convert the money he loaned us into equity, enabling him to become majority owner in terms of shareholding.
Our debt has been cleared in EXACTLY the same way that Abramovich cleared Chelsea's debts when he took over them.
Doesn't matter that Moshiri has 'LOANED' us the money, he's effectively loaned himself the money because he's quite clearly going to become majority shareholder at some point. You don't speak as ambitiously as he's done and remain a 49% shareholder.
My understanding is that BHH Ltd have loaned £80m to EFC Ltd most of which has been used to clear old debts. It's unclear if new debt was incurred last summer.
The loan is interest free, with no terms of repayment, and I assume can be called in with a given notice period for Mosh's protection.
To me, it proves Mosh's commitment to EFC and is planned to form part of future share acquisition through conversion to equity.
What Mosh hasn't yet proven is his commitment to provide a large transfer kitty. If he's Koulibaly claim is true we should have a minimum £60m net but the signs of a big spend aren't looking positive.
We'll see.
My understanding is that BHH Ltd have loaned £80m to EFC Ltd most of which has been used to clear old debts. It's unclear if new debt was incurred last summer.
The loan is interest free, with no terms of repayment, and I assume can be called in with a given notice period for Mosh's protection.
To me, it proves Mosh's commitment to EFC and is planned to form part of future share acquisition through conversion to equity.
What Mosh hasn't yet proven is his commitment to provide a large transfer kitty. If he's Koulibaly claim is true we should have a minimum £60m net but the signs of a big spend aren't looking positive.
We'll see.
Its all over.
what is this last bit based on?My understanding is that BHH Ltd have loaned £80m to EFC Ltd most of which has been used to clear old debts. It's unclear if new debt was incurred last summer.
The loan is interest free, with no terms of repayment, and I assume can be called in with a given notice period for Mosh's protection.
To me, it proves Mosh's commitment to EFC and is planned to form part of future share acquisition through conversion to equity.
What Mosh hasn't yet proven is his commitment to provide a large transfer kitty. If his Koulibaly claim is true we should have a minimum £60m net but the signs of a big spend aren't looking positive.
We'll see.
You mean Schniderlin off to WBA mate?
Have we signed any of them football players yet?
what is this last bit based on?
Contracts extensions for 2 old players, one of whom will be 37 and still contracted, suggests we don't have money to replace them.
Leaked story to the Echo suggesting we've cooled on Gabbiadini could be forestalling questions if he's sold to someone else.
Del being pushed out.
Stories about, and manager's attitude to, Barks suggest he's available for the right price.
Lu still hasn't signed.
Even after the summer window debacle we seem to not yet have bid for Morgan unlike the mighty WBA. Perhaps we expected to sell Mcca but that's been hamstrung.
Hughie GreenOne day down. Who's got the Fume-O-Meter?
Hughie Green
Need to check the exchange rate as no way is 30mil euro the same as 21.5mil sterling.The great source wiki says :
N'Zonzi signed a four-year contract with the Spanish club, which includes a €30 million (£21.5m) buyout clause