I don’t see why not. Must be loads of Swiss (sorry, no Russians or Saudis thanks) billionaires out there looking for an opportunity like this.
There wasn't a single shred of evidence to back this tweet up but just saw one saying Jeff Bezos is interested in buying us as he wants to bring Amazon to Soton docks
Article in The Telegraph today (BBC Football Gossip page) that an American Entrepreneur is waiting in the wings to buy Newcastle if the Saudi’s fail to secure the club. Interesting.... if thé American has £300m in his back pocket and fails to get Newcastle, who else is for sale for a lot less than his wedge? Just saying
Isn't this just the same as getting a loan from a bank, like they had already but just financed through another company i.e. not linked to a takeover or additional investment, just a loan taken from a lender to cover their loses from COVID, player expenditures, etc
The difference is that it’s not just St Mary’s or Staplewood which is being used as security for the debenture, it’s the intellectual property as well, i.e. the club name, nickname, phrases like “The Southampton Way” and “We March On” are specifically included. It’s also charged over a period of 10 years, which suggests a more long-term thing than just a loan.
Hypothetically, if Gao ran out of cash leaving the club in dire straits and defaulting on the debenture, does this effectively hand the whole club to MSD? In other words, is it potentially a stepping stone to a full takeover by someone who can see how bad our finances are without actually buying us straight away?
Normal person thinking: a business arrangement similar to that happening elsewhere all the time with the possibility of a promising takeover . Saints’ fan thinking: Run for the hills.
