It aint happening lads the dream is over. I'm going bed.
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What materials will USM be supplying?? Don't know much about them??
What materials will USM be supplying?? Don't know much about them??
Didn't Moshiri set up Blue Heaven holding company to control the club?Someone is going to have to otherwise why would the council take the risk? Say the football bubble bursts in 10 years time and we still owe 200 odd million, the council could repossess, sell the land but it may not cover the loan they are paying or guaranteeing. I'd imagine when/if we are sold then perhaps we will have to pay up the full amount.
It depends on how any guarantee to stand behind the loans has been sorted out.Someone is going to have to otherwise why would the council take the risk? Say the football bubble bursts in 10 years time and we still owe 200 odd million, the council could repossess, sell the land but it may not cover the loan they are paying or guaranteeing. I'd imagine when/if we are sold then perhaps we will have to pay up the full amount.
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Didn't Moshiri set up Blue Heaven holding company to control the club?
It depend on how the deal was drawn up, but if the guarantee of credit is for EFC then Blue Heaven would t be liable.
Coincidence I was reading about BHHL earlier , it was set up/ 1st registered August 2015 ?It depends on how any guarantee to stand behind the loans has been sorted out.
Didn't Moshiri set up Blue Heaven holding company? If the deal is with EFC then the liability won't be with Moshiri and that.
We'll have to see the small print on this.
1...Just 30 pages until 1878.....