SD has decided to sell!!

Not sure that's how a 'loan' works!!

 

Or an official statement from Donald or the club.

 

Nothing on who might be buying other than the Dell boys and musing on what happens to the loan...

If nothing concrete emerges soon Donald is as they say flying a kite re sale...so limbo, status quo.

The poster who often is in the know, hasn't posted any hints either... worrying

 

This is my thought process too, over on rtg someone, I think it was gom though won’t swear to it, says however, the loanee can’t be replaced without fpp permission, meaning he’s well between a rock and a very very hard place.

 

That's not how it works. If you have a £150k mortgage on a £300k house and get repossessed, the receiver sells the house for say £250k, you get the £100k profit back. You are effectively saying you don't get that £100k back, which isn't how it works. Unless you are saying a L1 club valued at £40m 18 months ago is now worth just £9m?!

The money SD still owes the club will be deducted from the final amount he receives from the sale of the club. It will be a condition of the sale.

 

I was replying to Heaton Mackems point that the 9m would be deducted from SD's final settlement, so he would keep whatevers left of it.

 

The club wasn't worth £40m mind. It's well established now that Donald paid £15m for the shares, so that was the value of the club. The other £25m in the deal was just parachute money going to pay off a club debt (the SBC loan). If it was worth £15m previously, I don't see how anything he has done can have increased the value, so for me £15m is the absolute maximum of what it's worth now, probably less because we don't have the final year of parachute payments to come, have no sellable players worth much and are still stuck in league one (with a likelihood of reduced gate receipts). £9m probably isn't far off the value as it stands tbh

 

I imagine they have loaned/invested the £9m and want say a 10% return, so SD would owe £9.9m. He may or may not be able to pay that back, with or without the help of Satori, but he may have to pay extra for paying it back early, so may owe more to get out earlier. I believe the club maybe valued at £30m and £20m of that is the missing parachute payments, which I believe GOM has hinted (on RTG) is a clause in any deal, so the £9m loan is effectively the value of the club and any default would mean the club defaults to the Dell Boys. It would appear that Del Boy has been done by the Dell Boys.

 

like it..... and agree.

 

Anyone know if the lift got fixed in time?

 

Must be a great matchday for some talking about finances

 

Yes, but it only goes down at the minute.
Don't think they've got around to fixing the speakers at SOL yet mind.Couldn't hear a bloody thing on Boxing Day.

 

Tbf SD was always more of a Rodney

 

I've been wanting to ask that question since the loan was made

 

I've heard that the cost is escalating ...

 

The cost just keeps going up and down.

 

FPP want to buy the club but think there may be too many flaws ....

 

That's exactly what I'm saying, sadly.

 

Boo that’s shocking lad, tell us another storey.

 

I wish they’d just get it sorted tbh because it’s really starting to push my buttons.