Who's your money on in the takeover 'battle'?

[Damo_1878]

65/35 rule. It appears you already know the Club's finances so you would already know this.

They don't apply "currently" the Aquisiton Leverage Test applies at the time of a proposed acquirer acquiring "control" of the club and it sets the limit at 65% debt to equity. Everton are not "currently" breaching it

This is getting back to the good old days

Good info and Damo piling in

I laughed.

 

[Goat]

they aren’t bell and downing and dell

or have they’re money

Isnt Dell just loaning Bell and Downing the money?

 

[matty1878]

Cos we all want to believe everything positive at all times.

what positive has he said? coz i haven’t seen any.

 

[nsno-chris]

Isnt Dell just loaning Bell and Downing the money?

Are you seriously asking Matty??

 

[BeardedScotsman]

Surely the MSP loan becomes equity along with the ACAP loan, this would then meet the requirements of the Premier League that were given to 777.

That would then leave us with the RMF loan as debt and nothing else?

Timeline would be...ACAP needs to agree to convert debt to equity (sounds like a go there), then MSP can move forward with PL approval. They would satisfy the PL rules ONLY if ACAP agrees with a majority of their debt being converted to equity. RMF recoups 20 million at time of takeover. Moshiri walks away with 20 million and 10-30% of his current shares. The debt against the stadium is re-financed down the road and another tranche is paid back to RMF (already agreed in principal). The re-finance also allows MSP to pay off or pay down ACAP loans. Theoretically, in two years, MSP could own 90% of Moshiri's shares, RMF could see 80 million of its loans paid off, ACAP could own a minority stake in the club and have all of their loans paid off. And Moshiri could potentially be paid out more revenue over 10 years for his remaining shares. I believe that would leave 120 million in debt owed to RMF and 350 million of debt on the stadium but at a fixed cost.

It is an incredibly complex deal. Moshiri, RMF as senior lender, ACAP as secondary lender and the PL all have to be satisfied here.

 

[matty1878]

Isnt Dell just loaning Bell and Downing the money?

but he has LOADS and and bell and downing seem to be clued up

MSP are just a provvy loan shark

 

[Mutzo Nutzo]

Lad, ive got an NVQ in business admin which took me 6months when I was 16.

You are chatting utter wham.

I kno bidness.

Lad I’ve read your business plan. It sucks…You’re fired

 

[summerisle]

Perfect timing.

 

[BullensRoad]

This one

Post in thread 'Farhad Moshiri'
https://www.grandoldteam.com/forum/threads/farhad-moshiri.85442/post-10536193

Ah, another guesswork guy passing it off as facts.

 

[matty1878]

Are you seriously asking Matty??

chris i have a NVQBBQ

 

[Damo_1878]

You won't find many in here believing a word from Sky , but when Paul Joyce pens something it's usually pretty spot on.

He is one of the clubs trusted journalists.

I'm yet to see a better post on here tonight than this one

Standards have dropped

 

[Goat]

what positive has he said? coz i haven’t seen any.

Hes saying we have new owners, that arent called 777, after the 12months this club has had and how bleak the future looks whilst we sail close to the iceberg, im taking that as a positive.

The future will judge how it all turns out.

 

[Simon Buttle]

Crap name and no baseball cap

maybe but I bet the McLaren logo looks decent across the front of a strip.

 

[summerisle]

Pardon my ignorance,but who are ACAP?

Something to with strikes - extra coaching for Beto.

 

[matty1878]

Will want to sell us on imo to make a profit

so just don’t buy us and let bell and downing