I would say richer as we have no debts and don't have to pay any interest on the loans to KL any more
Pardon the bump, Ms Liebherr is still here and still very much in charge, I don't understand why nor do I understand the lack of anything coming from our new financial owner!
She still is Registered as a Director on the Board, Gao is the new owner, but hasn't said a word about what his intentions are and hasn't done anything at all yet that we are aware of.
Yes, the finances seem to be managed through Macquarie Bank at the moment, a loan taken out on the strength of future income, but there is nothing on the Financial news front coming from the Gao syndicate, Kat Liebherr said in her letter that they were entering in to a Partnership and it would be business as usual. https://beta.companieshouse.gov.uk/company/00053301/charges
Yes, very strange bumb! Maybe so but with 20% she doesn't really have any real "say". If Goa wants to do "X" he can just call a shareholders meeting & approve, regardless of what she says. Anyawy, we haven't heard anything from any board members i.e. Goa or Leibherr.
Kat obviously is very confident Gao will improve things and grow the club - otherwise she wouldn't have retained 20%. By keeping that 20% it is clear she thinks that it will be worth more in the future than it was when she sold it - and the only way for that to happen is for the club to grow. If Kat has faith in the new owners, perhaps we should too.
The fact that she is still a Registered Director of the Board, rather makes a mockery of those that said she would take her wad and run away, it seems to give the impression that her friend Mr Gao bought the Club to enable her to continue running it or am I missing something?
Gao obviously bought it as an investment, but looks like Katharina can't quite let go totally (at least for the moment)....probably because the link to her father is too strong. She couldn't fund the investment we needed....only time will tell if Gao can.
Unless Mr Gao steps in quickly and does something positive, he will see his "investment" go down the dunny!
Don't recall there were many who said that but maybe I glossed over? There's no way Goa is going to pay £200M+ (or whatever) & allow the previous to run. In normal business, it's very usual with such a takeover, the previous are held on & over the short term to allow / provide a period of stability - seems pretty logical & sensible for me here also. In addition, I'm sure Kat would have her dad's interest at heart to ensure good custodial direction for the club even though she's sold on.
You obviously never read the Echo site posts or follow the #saintsfc Twitter site. I hope he is a Goa and comes up with some progressive actions.