MSP Sports Capital

[Bebeto]

We need the club sold, not just a %25 stake

Sadly nobody wants to buy us

 

[4737carlin]

Where are you getting the thinking of debt against the club?

Isn't this what the Glazers did at United? Sure this isn't what's going on here

 

[Moderatelywarmwater]

Where are you getting the thinking of debt against the club?

The BBC article

Where it says


“MSP is believed to be looking for a 25% stake with a preferential share structure, not equity in the club, so would be paid back in interest.”

So, a kind of debt to be paid back, but secured with a stake in the club until paid off? I’m no expert on this by the way, but that’s what it seems like to the layman

 

[4737carlin]

Sadly nobody wants to buy us

I dunno, buying any Premier Legue club if you get the chance at the right price, can be worth it.
It only wasn't worth it for Moshiri because he was terrible when it came to running it.

 

[Blue83]

What worry me is 777 might of wanted the full club but Moshiri is refusing to sell

Certainly seems that Mosh is reluctant to sell, unfortunate for the clubs future

 

[4737carlin]

Certainly seems that Mosh is reluctant to sell, unfortunate for the clubs future

And we all hoped the summer could be stress free if we stay up.

 

[catcherintherye]

Isn't this what the Glazers did at United? Sure this isn't what's going on here

No I don't think it is. They are lending the club money.

 

[Davidoff]

Another layer of gobshites

 

[catcherintherye]

The BBC article

Where it says


“MSP is believed to be looking for a 25% stake with a preferential share structure, not equity in the club, so would be paid back in interest.”

So, a kind of debt to be paid back, but secured with a stake in the club until paid off? I’m no expert on this by the way, but that’s what it seems like to the layman

Yes got you mate, sorry I missed that.

They are not leveraging debt for the purchase though. They are essentially using the equity stake, to be used directly for stadium finding. It also allows them to back out of owning if they want to, or if the stadium is built to convert to equity at what will be a lower price.

 

[Moderatelywarmwater]

No I don't think it is. They are lending the club money.

yes, essentially secured against the club..

but at what rate? 5%? 10%? 15%

look, we all know it’s going to be poor, but how poor?

 

[Osamabindiesel]

We probably have to accept that Farhad is not ready to let go of the club. It’s unfortunate but not much we can do. Can MSP help us in any way shape or form? Maybe they help us get some absurd sponsor deal? All I know is somebody needs to take the decision-making out of Farhad’s hands but is he willing to let a minority shareholder do that? If MSP can’t generate funds for the club in some way to stop the bleeding of FFP then we might as well not even bother.

 

[diggerdestroyer]

What I don’t get is why Moshiri/Kenwright would want to keep hold if there is an opportunity to rid themselves of a club that’s entire fanbase hates them?

ya it's strange. kenwright still thinks he will be cutting the ribbon at bramley moore. ha ha. he won't be.

 

[Moderatelywarmwater]

Yes got you mate, sorry I missed that.

They are not leveraging debt for the purchase though. They are essentially using the equity stake, to be used directly for stadium finding. It also allows them to back out of owning if they want to, or if the stadium is built to convert to equity at what will be a lower price.

How do you know their money isn’t leveraged against the club?
Dave Blitzer of MSP is notorious for leveraged debt.

Never assume it isn’t leveraged debt unless you have CAST IRON guarantees. Until we have that I will doubt them to the hilt.

 

[Sweeneytoad]

As long as it sees Kenwright and Baxendale out the door, its worth it.

 

[Cool_Blue]

It’s not Moshiri’s Iranianness that’s the problem, it’s his insanity.

This is a great new word