Good news for the club no matter the reason, as I said the other day, interesting times ahead ......
Shareholder loan converted into equity
- Thread starter WYT
- Start date
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What’s your gut feeling, selling or he’s changed his thinking and in it for the long run? I’m going to guess at selling…
A very positive move, credit to Acun for doing this, it puts the club's balance sheet in a much healthier state.
Don't think The EFL are in a position to 'force' any owner to do anything; 'encourage' may be!
I'm trying to find out a little more before committing, but whatever the reason, it's lowered the clubs debt so it's a win
A cash injection would make more sense to cover future payments. Converting debt to equity makes more sense if there’s imminent outside investment or a complete takeover.
I go out for a long walk (hike) and come back to this update!
Come on Acun, stop it!! This is getting silly now
I see there's a couple who still can't bring themselves to accept the reality of what's actually happening.
Come on Acun, stop it!! This is getting silly now
I see there's a couple who still can't bring themselves to accept the reality of what's actually happening.
If they’ve placed us on a business plan they could. However, I suspect it would’ve been stipulated publicly.
If he does sell, hopefully it's next summer after he sells us Zambrano and Carrera from Maribor.
I go out for a long walk (hike) and come back to this update!
Come on Acun, stop it!! This is getting silly now
I see there's a couple who still can't bring themselves to accept the reality of what's actually happening.
Cringe.
Is it definitely Acun that’s put the money in? Or could it just generally be someone investing via Acun?
i wondered about this, but then it would be borderline money laundering if we didn’t declare it
I don’t profess to know anything re. all the whys and wherefores of the situation, I can only see this as a positive. I think the words we’re all looking for are “thank you, Acun?” Let’s concentrate on what we can affect, on the pitch/match day. Onwards & upwards UTT.
Wouldn’t it, sort of as you say I think (?), make most sense to do it at the point of sale rather than before?
That way paying off debt could be on the table as a part of negotiations?
Unless he wants to make the club more attractive to potential investors/buyers. If the rumours me and Howden and others have heard are true (using ‘if’ so GFAW doesn’t throw a massive paddy) then he’s been wanting to sell for over a year but is struggling to find a serious buyer. The stumbling block is probably the club’s debt to Acun Medya. It was around £60 million in the last set of accounts and it’s likely to have increased since then. Nobody is going to spend £60-80 million on a club that doesn’t own its stadium with average-to-poor training facilities. The only real assets are the players.
In order to make a sale easier, the debt needs to go down. Knocking £14.5 million off will go a long way.
I go out for a long walk (hike) and come back to this update!
Come on Acun, stop it!! This is getting silly now
I see there's a couple who still can't bring themselves to accept the reality of what's actually happening.
Where did you hike?
I go out for a long walk (hike) and come back to this update!
Come on Acun, stop it!! This is getting silly now
I see there's a couple who still can't bring themselves to accept the reality of what's actually happening.
Ah come on now. No one really knows why this has happened now - all of this is theories - including yours.
I go out for a long walk (hike) and come back to this update!
Come on Acun, stop it!! This is getting silly now
I see there's a couple who still can't bring themselves to accept the reality of what's actually happening.
This is a very good article explaining it. I implore you to read the first paragraph or two specifically https://www.gannons.co.uk/insights/debt-for-equity-swap-overview-and-brief-guide/
Boots in Driffield for more tissues after knocking another one out over Acun
