The understanding was there was no regular payment, but of course they want it back at some point. I don’t know what interest you’re talking on a £10million loan, but even that would be hefty with a minus income for the club at the minute. Like you say, it would tie in with a firm date being forced. As I say speculating, but we have a lot of information and some pretty sharp posters on here trying to join the dots, some of it we will have right, some we won’t. I think we can all concur that Stu hasn’t the wealth to carry the club on a zero income. The figures weren’t bad for last year but the Adidas and Betdaq deals were done in the Premier League, the new deals will have been a massive hit, even if large for League One. I can’t see how Stu can fund it, I said this several weeks back before this all blew up again. I think he is desperate to get out, he must be, the clubs losses per month with no ticket and minimal merchandise profit will be horrific. Not horrific for a billionaire with a medium term plan of course. Stu said ‘FPP asked for the £20million to be taken off the books’, he needs to return it. If that’s the case, with the balance of the loan you could be looking at £7million to Stu for them to take control, tying in with Storey saying ‘they are pinching it’. Educated connecting.
I think it's more likely that the club haven't spent much if any of the loan as they needed to be able to pay it back to be able to be flexible on the sale and therefore get the highest possible price. SD clearly wants to sell and has done for at least 12 months. He will have no doubt accepted an offer that gets him his money back to date + a little profit. (whatever that might be) And in current climate that's probably a decent deal as the next 6 months at least are going to be expensive.
What doesn’t make massive sense to me yet is why Fuhrman has Sartori and Rybovlev involved. It’s not like he needed help with the asking price.
I have been a supporter for the same time, I dont think I will ever not dare to dream or lose the faith so I just take as it comes now. Que Sera Sera. ITHICS
Bit then, how have we paid salaries? The club hasn’t made a dime since February? The costs of keeping the academy open and medical costs etc are huge, I reckon a sizeable bite has been taken out of any standing cash the club had. Remember, we ****ing furloughed staff, and even then went and pulled the 20% top up. That’s not the sign of a business in a strong financial position. There’s so many little signs that the well is dry, and there’s a season to prepare for, with some 60% of season card holders, the golden goose of the club, not renewed. Interest payments on top. I think a large chunk of that working capital, as in the loan, will have been swallowed.
The only thing I can think is maybe Sartori didn't want to sell his 20%, and didn't want to allow Fuhrman to have the full control that 75%+ (apparently) allows. Therefore got his FIL to buy Methven's 6% as part of this sale. All speculation from an idiot who has zero business background mind.
I don’t see a billionaire investor turning down a tie in with another billionaire. There’s the Sartori link as well of course, he’s always maintained he does want involved, without showing it. Maybe, as a very powerful man in his own country, he just had no interest in working with tweedledum and tweedletwat.
This actually makes a lot of sense and would explain the 6% which seems way too coincidental to be in line with Methvens share.
Rybovlev and Sartori to a lesser extent have experience of owning a club. Fuhrman doesn't. May want to have a portfolio of clubs and Fuhrman may invest in the other clubs Rybovlev owns. Just a guess.
Aye it's strange how the shares will be divided in the same way they are now, just with different owners. Hopefully anyway, I'm still anticipating a kick in the knackers after an agonising wait.
One of those is a bit of a twat The other is a top lad who goes to evey home and away game and completely trustworthy.
At the moment, Witham Town of the Isthmian League. It varies depending on where my FiL is managing/coaching.
