MSP Sports Capital

[gixerk6]

So basically another lender we owed money to won’t allow this deal and will call in their £200M loan we owe them if we take money off MSP as they feel in a nutshell we aren’t financially stable and their scared of not getting their money back. Says it all really. We really are in trouble.
So realistically unless someone piles a crap load of investment into us this lot will pretty much veto every attempt if they deem it not enough.

 

[davek]

Forgive me for feeling a bit suspicious about the timing of this announcement, but I'd say it'll have been held in abeyance until the club needed to pull it out to explain away the latest round of failed transfer bids.

We're supposed to all go "well, the club have been let down there".

 

[Bebeto]

Still providing a £100m loan for the stadium

And we are paying it back by selling players...Great financial plan. I have said it many times before, the only way to make a significant change with that board is by boycotting the games...an empty stadium will have more impact that a few people screaming in the streets.

 

[MikeH72]

lol lol lol

“Interim board”

LOOOOOL

MOSHIRI OUT NOW

 

[skumar55]

So basically another lender we owed money to won’t allow this deal and will call in their £200M loan we owe them if we take money off MSP as they feel in a nutshell we aren’t financially stable and their scared of not getting their money back. Says it all really. We really are in trouble.

Close us down, we are jinxed and cursed club

 

[Eggs]

Forgive me for feeling a bit suspicious about the timing of this announcement, but I'd say it'll have been held in abeyance until the club needed to pull it out to explain away the latest round of failed transfer bids.

We're supposed to all go "well, the club have been let down there".

…well, the club have been let down there.

 

[jinkyali]

Stunning news. Not good.

Where do we go fro here?

777 or no stadium?

 

[nsno-chris]

Hopefully this is the catalyst to get the protests backup and running

None of this “working alongside the owner”

Get the little rat out now

 

[PeregrineT]

We can lock this.

FYI This headline is VERY misleading. From the actual article:

"That may well be true but the club will now not be getting any from MSP. But the U.S. group is proceeding with the £100million loan to the stadium company, although this is now just a straightforward loan and not convertible debt.

This should enable Moshiri to repay the £40million he borrowed from English businessman Andy Bell in May which was always intended to act as a bridging loan for the larger MSP investment."

In other words MSP IS indeed giving a 100million loan, but it will just be a straight loan instead of having the ability to convert it into equity. The 25% stake is off the table.

 

[Drico]

Kenwright it is until the day he dies.

Interim Chairman (for life)

 

[Tin-Tin]

777 sound terrifying.

 

[Clarky cat]

I heard that Fortress sports fund were now back in talks and NTL have a long standing interest…

 

[RomanReigns]

And we are paying it back by selling players...Great financial plan. I have said it many times before, the only way to make a significant change with that board is by boycotting the games...an empty stadium will have more impact that a few people screaming in the streets.

You will never ever be able to get an empty stadium

At best you get a decent amount of fans to boycott 1 game after a massive campaign and instead of 40,000 the attendance is 30,000 instead

 

[jinkyali]

Not sure the stadium is going to be a sound investment much longer.

Were Gonna be about a Billion in debt. Increase in revenues aren't going to cover it.

 

[Davideeyore]

They defo backed out after learning that they have to keep custody of that fat mess Kenwright as part of the deal.

My second film quote of the day, having Kenwright embedded in to the club is like having Norman Bates's mother (Psycho). Still around still
influencing the decisions, and will be even when, er, well you know.