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MSP Sports Capital

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Been another change on companies house according to Red Echo...Dunno what it means am sure one of our Financial guru's can explain.
I don’t know about the minutiae of such matters but it would appear to be an amendment to the existing Article of association which states that no Director can fail to register the transfer of shares if transferred to a certain type of institution but that’s about as far as my limited capacity took me (and I was probably going in the wrong direction!)
 

Hope the behind-the-scenes stuff doesn't drag on all summer to the detriment of our transfer business. If we go in again with an inadequate squad we may finally fall through the trap door.
I’d like to think our illustrious leaders would get their act together mate, but then again…
 
Thats it mate. If it wasnt getting done Bell wouldnt have invested, id sugest its just the processing of the paper work.

The real take home and concern for me is - why did we need the Bell money in advance of the MSP deal- were we struggling with the payment schedule of the stadium, are we low on cash flow.....strikes me as a bit of a red flag.

Also be interesting to see how this plays out, as it stands as a debtor and possibly a minority share holder he cant be a board member, however if he is repaid his 40 mill - by MSP and it turns out to be a bridging loan - he can take a place on the board. i.e. what we dont know at the moment is if the Bell money is part of the 100 mill or the club desperately needed the £40 mill now ahead of the MSP deal - which would be a red flag.

Stuff like this is enough to get @ForeverBlue92 hot.

There was no reason why we should have been made to give up our USM sponsers.

We've been done good and proper by this corrupt Tory Govt who are swilling in Russian Money.
 
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Been another change on companies house according to Red Echo...Dunno what it means am sure one of our Financial guru's can explain.

It means the Echo were reading this thread this morning mate. lol

The new change is allowing for permission of security for the loans, i.e. if we cant repay what the consequences are i.e. repossession of % of the stadium/holding company.
 
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