Finances

And in any event I was talking about finances holistically

 

Ok I'll bring up you forgot the loan of fatty

 

No I mentioned Rose

 

Taking his loan back in expectation of a sale.

 

So he's taken out a £100m+ loan to clear his loan that was going to be cleared with a £350m purchase hence that price?

 

I

could tell you all as an accountant but you wouldn’t like it.

MA has maybe taken some money out of the club. And he doesn’t want us to know.

 

T

his is likely.

 

Buying some more shops?

 

The accounts should have been released today. What's the punishment for it not having been done?

 

He is up to something.

 

Companies House don't work Saturdays. Either filed already or waiting to be processed.

 

D

epends on whether there has been contact with companies house. Which their will be.

The penalties are tiny for late filing. But lack of contact can result in the company being struck off. This won’t happen.

Simply when companies of this size don’t file accounts it’s for one reason. They don’t want the public to know what is contained.

So basically what is in the accounts is something that MA doesn’t want the public to know.

 

Repayment of loan.

 

I

ts all automatic and online.

There is however something he doesn’t want published.

My own opinion is that the post balance sheet event (takeover) has to be disclosed. Which affects things.

To either this takeover or future ones. If the club has lost serious money last year then we can forget any future different takeover. Because he won’t get more than 200m. @Roland Deschain is right on the valuation side.

 

Hence his claim with CAT. Accounts would form the basis of evidence of loss.

 

Yes that’s also correct. But doesn’t affect the legal responsibilities of directors to file accounts. But what it will prove is the devaluation of the company due to loss of income (not the takeover).

However a professional valuer would value Nufc based on its balance sheet and its future ability to generate income.

Thus the value of the company will be at most 200m. PIF offered 350m.

So MA has personally lost 150m minimum.

 

We can therefore understand why he is furious with the PL.

 

Yes but that doesn’t help the club. It’s all about his pocket. Which is why the PL are arguing for it to be revoked (CAT).

The PL argue that the deal was never EVER going to happen. So there is no loss of value.

The ARB is delayed because of the lack of evidence. Deliberate from both sides.

 

No-one knows if it is lack of evidence. No-one but those involved.

The PL arguing that the deal was never going to happen doesn't accord with what is claimed prior to June 2020.

The jurisdiction hearing will make things clearer.

What I will say is that economic loss is notoriously difficult to establish in any court.

 

Not in this case. MA had 350m on the table.

You could get three professional values to value the company now and all would be sub 200m.

There’s his loss.