I wonder if this £10m or £30m rumoured loan is to change the model and/or fix the SOL or even put in boxes in the BCB?
If there is a loan secured against club assets there will be a charge notice on companies house, if I understand it properly.
If of course it’s true, and there some eternal **** stirrers in wise men say so it may not be, I’m confused about this ‘loan’. If you have money you put it in and it’s invested as a directors loan. That means the only debt is to the person selling and people investing see the club as in good health. If you start securing loans it looks less healthy so is less attractive. Or that’s what my experience tells me. If you’re going to sell you have to pay a pay off fee or port it across to the next buyer. Maybe I have that wrong but it would indicate either he’s skint, saving his cash for something else which still is an indicator he doesn’t have enough, or daft, or planning to stay around.
I believe it has to be shown within 2 or 3 weeks (should know off the top of my head since I’m an accountant!) for secured loans, so we should find out soon. I will say this on the loan (still rumour at this point) it isn’t uncommon for successful and cash rich businesses to take loans. Nor is it to secure against big assets - so I don’t think there needs to be total panic about it if that’s the case yet. It would come as a surprise to me and would like to understand the reasoning behind it though. Obviously I’d prefer for no loan to be taken and nothing secured against the SOL etc but would rather hear the reasoning for it first. If a loan is used for running costs etc then that will just reduce the value of the club if KLD does have one eye on selling.
Appreciate the clarification, like I said I thought any charge would be obvious on companies house. Another one to wait and see on
I was always told the rich don't spend their own money, and you could only get a bank loan if you could prove you didn't need the money so could just be a reluctance to spend capital.
Now we are losing our mind at random unverified tweets from some lad supposedly living in the Lake District. Hard to keep up.
Fourteen days and it should be filed on companies house. If it's true, it's probably for cashflow purposes as income is small compared to outgoings until next season's season ticket money starts to come in
I think this is what it is. I honestly think that if we’d won the last run of games not lost them it would be irrelevant.
It shows how important results are. Going on this bad run after the derby defeat has brought out a lot of negative. Some deserved, some not. Get to the end of the season, get the new appointment right and good stuff off the field happening and it will look a lot brighter.
That account has been proven to post bullshit, but there is more than 1 person who appears (or claims) to get info who are suggesting it's true. The problem we have, much like those who claim to be ITK here, is that it's impossible to decipher what the actual story is and what parts are their own embellishments (or those of their source). With this one for example, there's 3 people on the SMB, all using each other as a back up that what they've heard is true - but one has said £10m (and that it might be an overdraft rather than a loan), one has said £25m and another £30m. All heard different amounts but apparently have no doubt that their source is telling the truth... the difference in the figures isn't a distortion of the truth to them. One of them said it was to fund the running of the club, another has suggested that it's to pay KLD and Sartori back the amount they invested. Others who are "ITK" have already suggested that Sartori is leaving in the summer, so it might be that the loan is bridging the funding until he's gone as he's unwilling to put more in. Others say they're here for the money, but they're now depreciating their own asset by putting it into debt so that narrative doesn't fit (unless your only aim is to attack the owners). Something may be happening but exactly what, and the reason for it, is as clear as mud.
when it was mention 4 weeks ago it would already be out in company's house so, at the moment it is potentially nothing to see
just for abit of clarity on this mind for some people a rumour was going round about 4 weeks ago KLD has took a massive loan out to keep the running of the club going while he's in the process of selling the club, the loan is apparently to be with MSD and he's used the stadium and academy as collateral, if this is the case it will be on company's house, as of yet it's not on company's house
For me all these rumours etc could be shut down pretty quickly. I’m not one for demanding statements constantly but even a letter in the renewal packs or something from KLD outlining his commitment and plans going forward. It would shut every thing down, unless he is looking to move on.
Hard to out out fires when your own fans are stood above cans of petrols playing with matches. It's a new rumour every week. Each more catastrophic than the last.
