The Friedkin Group - Dan & Ryan Friedkin

[kiss the crest]

How long do we have to wait for this court case with 777 to see what can be done to solve it

It's next May apparently

 

[Exeter_Gently]

Blimey. All a bit spiky in the forum today.

People are nervous.

 

[Tony’s Carp]

A long time mate, the way it usually pans out in cases like this is, whoever loses immediately files an appeal. I wouldn't expect any resolution this year tbh.

Always a chance it settles I guess. If Leadenhall have been duped by Wander it's not a particularly great look for them either.

 

[blueblueskies]

Always a chance it settles I guess. If Leadenhall have been duped by Wander it's not a particularly great look for them either.

These things have a habit of being resolved prior to a trial. The percentage of cases where proceedings are issued that actually go the full distance is small

 

[Tonymckinn1878]

Blimey. All a bit spiky in the forum today.

Full moon tonight!

 

[hallamblue]

Does anyone know what our debt repayments are now? We owe £200 million to the Friedkin Group and £400 million to R&M by the look of it. £600 million at an interest rate of 10 to ,15 %. So the interest alone is £60 to £90 million a year. If it's short term loans it could be up to £200 million a year repayments.

 

[BlueStevie35]

That 200m from 777 better have been worth it Moshiri because its screwed any chance of a take over in the immediate future!Utter calamitous decision making

Be grateful you uncouth swine, he’s built us a new stadium don’t you know? Done without ever needing to dip his hands into his own pockets. Us pissants should be on our knees kissing his feet, we’d have been swimming in money but for that God’s debt stacking, what a hero

 

[14_dollars]

Does anyone know what our debt repayments are now? We owe £200 million to the Friedkin Group and £400 million to R&M by the look of it. £600 million at an interest rate of 10 to ,15 %. So the interest alone is £60 to £90 million a year. If it's short term loans it could be up to £200 million a year repayments.

I think total interest payments are now about £1.5m per week.
Not sustainable.

 

[Daytripper]

Blimey. All a bit spiky in the forum today.

Shut it globe head

 

[den]

According to a terrible paper that rhymes with the Bun, Moshiri is demanding a lump sum plus a decade of future annual payments as part of the sale. If true, he seems to be complicating the sale and making people walk away.

 

[MikeH72]

According to a terrible paper that rhymes with the Bun, Moshiri is demanding a lump sum plus a decade of future annual payments as part of the sale. If true, he seems to be complicating the sale and making people walk away.

Normally I’d laugh this off as nonsense, but it’s Moshiri so I reckon it’s accurate.

 

[matty1878]

According to a terrible paper that rhymes with the Bun, Moshiri is demanding a lump sum plus a decade of future annual payments as part of the sale. If true, he seems to be complicating the sale and making people walk away.

he’s a loon and is dragging it on

 

[peteblue]

But we have lent money from them, so we are involved with the case. If it turns out that money was gained through illegal/fraudulent means, then our owner is implicit in a fraud case.

Nobody will buy the club while this case is ongoing and/or that debt is still sat there. It’s a potential reputation killer if they are seen to have paid back £200m to fraudsters that was originally obtained through ill gotten gains.

Not really. If you borrowed 10K from a bank who was then taken to court for fraudulent behaviour are you on the hook ?, no. The bank or in our case 777 are on the hook. I appreciate all you are saying and why, but really there are many ways around all this, so I wouldn’t worry……

 

[peteblue]

That 200m from 777 better have been worth it Moshiri because its screwed any chance of a take over in the immediate future!Utter calamitous decision making

It really hasn’t, people need to relax a bit……

 

[AndyC]

Yep that at least was my understanding of it…..others who listened to it may disagree with my understanding….thats what I wanted expanding but it was glossed over @AndyC did I understand that correctly?

I believe you did understand that correctly, yes.