Not sure they'd have PG as for the reason I first brought up. Tan's level of debt means any significant debt has a £100m+ PG by default from Tan. If you bring the club to the edge of Admin you're bringing Tan's £100m with it. With how asset light our club looks I'd say 5-10p in the pound would be much more realistic against a £170m odd debt. Tan will not write off £90 - 130m for the sake of an old argument over £5m. As Sparks says he might well pop our balloon one day but it'll on his terms not Langston's
Sam has Tan over a barrel as Tan was making payments to Langston before he stopped as he wanted to know who Langston was. Seriously why would he want to know who owns Langston ? He knows fully well Langston lent the club money so what is the problem in paying Langston back and have done with it. If this goes to court then there is only one winner here and that will be Sam. It's like a crook trying to out do another crook.
I suspect the 25 p in the pound I based upon book values for the stadium and the training ground..... less a bit for cost of administration etc.. Say 35 million in total then against 140 million, that's 25p in the pound. All based on book values which go out the window in administration. Who will pay these sums for a ground with no tenant etc. If there is a Personal Guarantee, then that will kick in when the club/company fails to satisfy the amount owed. As Stevo says, all a bit pie in the sky and unlikely. I assume Tan wants to out Hamman once and for all but also dig deep into how the money was lent and to what use it was put.
