New owner confirmed…
- Thread starter Hutch-tiger69
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It doesn't exist, fc passes are not 85% cheaper. It is another cheap shot from the eggchasers, but you make the apologies for them if it gives you the opportunity for another dig.
They had nothing to do with Lloyd when he bought City, he had signed the name over for a period of years when he sold the business for the millions which enabled him to buy us.
If memory serves right, Christopher Needlerstitched him up royally, possibly because of annoyance at Lloyd making out northerners were not as sharp as southern sophisticates like him.. Lloyd's new company were trying to set up something on Kingswood, but Needler owned the land and gave a preferential deal to his old company David Lloyd leisure.
https://beta.companieshouse.gov.uk/company/04032392/filing-history
Anyone clued up on this **** know if this means they've secured a loan against the training ground?
Anyone clued up on this **** know if this means they've secured a loan against the training ground?
Finance some signings & let any prospective new owners pick up the tab?
Dunno, I can't image they can raise much cash against a field with some Portacabins.
on Page 49, outlines it is the County Road South land as well as the Cottingham land
Straight after page 60 is us signing off any rights to premier league money if I have read it right for the next season as well as this ??? Maybe we are borrowing against the money for the next year or so and need the land to secure against it ? althought like you say does not even come close to 12 months of premier league money
Also later on it states if we are relegated that the Club has to make up the differance
Straight after page 60 is us signing off any rights to premier league money if I have read it right for the next season as well as this ??? Maybe we are borrowing against the money for the next year or so and need the land to secure against it ? althought like you say does not even come close to 12 months of premier league money
Also later on it states if we are relegated that the Club has to make up the differance
Country Road South will be worth pretty much **** all, but the Premier League income is obviously a much bigger concern, that's Bartlett territory.
It just seems to state that we are borrowing some money from Macquarie Bank (using the training ground as a bit of collateral) and authorising the premier league to repay future payments to the bank rather than the club. Obviously trying to get some funds together for the transfer window and mortgaging the future. **** or bust.
That seems to suggest that there are no ongoing discussions with potential buyers as the agreement would be difficult to unravel on finalisation.
On the other hand Australian Bank and International law firm doing the legals might suggest otherwise.
On the other hand Australian Bank and International law firm doing the legals might suggest otherwise.
Did charges briefly as part of my law degree, like what has been said, just offers security for a loan.
I've had a quick flick through the document, but not a detailed look, I'm sure they'll be other details in there somewhere
I've had a quick flick through the document, but not a detailed look, I'm sure they'll be other details in there somewhere
I think there are 2 elements to this:
1 loan for the land (which will be a cheap way of borrowing)
1 facility (overdraft if you like and more expensive) secured against future PL money.
The loan will be for a fixed period.
The facility will have a ceiling - maybe £15m or something - and be ongoing.
Looks like the Allams are gambling everything on staying up. Also means they don't want to sell any key players.
1 loan for the land (which will be a cheap way of borrowing)
1 facility (overdraft if you like and more expensive) secured against future PL money.
The loan will be for a fixed period.
The facility will have a ceiling - maybe £15m or something - and be ongoing.
Looks like the Allams are gambling everything on staying up. Also means they don't want to sell any key players.
Could well tie in with Fenebache wanting transfers rather than loans for Van der Wiel and Emenike.
The document was created on 6th January but lodged at Companies House today so unlikely to be linked to recent speculation.
It could be the £23 million bank loan mentioned in the last accounts. Allamhouse withdrew its floating charge over the Premier League monies on 6 April 2016. If it is it looks like its still outstanding.
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