Since cant say NDA etc I've got an idea. Say you were a bookmaker what odds would you have on FPP owning us eventually? Is this Bloomberg offer serious? I thought FPP had final say. Sorry if you've already said just been pages of arguments and cba to sift through it and trust your word mate.
Bloomberg aren't making an offer. They've said there are two parties who are in the running, neither of which is named. FPP don't have final say as long as Donald pays up the loan from them.
I'd still go for 80% FPP, only Donald is the fly in the ointment as he's already gone back on one deal. To sell elsewhere he'd have to convince someone to stump up the money to pay off FPP or find the funds himself. As long as he owes FPP THE £9 million there's nothing he can do without their consent. If he has another buyer/didn't need the money ... ... why on earth would he incur a sizeable amount in charges/interest? It's not as if he's achieved anything with it.
I waited until the tide of abuse became a Tsunami then dropped the offer into the thread .... ... there was a stunned silence for days
Exactly makes me think hes just using it to run the club so not putting his hand in own pocket. Gambling we go up so he can sell to FPP and actually make some money. Big gamble though hopefully these new signings fit in well but we are still light upfront IMO.
This is what myself and GOM were discussing on RTG yesterday, there are options... someone could come along and say they insist on that, or Donald could try to negotiate that debt as part of the deal, eg: he says the new owner needs to wipe any debts as part of the process, leaving him to pocket a net profit on anything over £12.6m that he receives.
We don't know that for sure, in his last radio interview he said he hadn't touched it then also said some of it was been used to cover something else (can't remember exactly what) he completely contradicted himself in that interview regarding the loan
FPP won't show on them as it was done in this financial year. Accounts expected in April. It will (hopefully) show at least some of the Close Bros loan, and hopefully (although not absolutely guaranteed) it will show how that was resolved.
We don't, but given how little of it has gone out overtly, it's a fairly safe bet that he hasn't been spending money on infrastructure he intends to sell on. Also, the club will have had cash reserves (relatively small) to cover the type of business he has been doing in January. I'd be willing to bet he hasn't touched enough of it to make it a millstone around his neck if he decides to sell to someone else.
This may be a stupid question.....Can the club be sold with the FPP loan still in place? I know we dont know the terms and conditions of the loan i.e. repayment structure etc.. but is this possible?
Yeah, sorry I knew that, should of asked the question a bit different, is it a possibility that any potential buyer would take the club on with a loan attached to it I meant? does anybody think that any buyers would do that?
