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I very much doubt it will be this season as the whole structure of the deal is about which division SAFC are going to be in. The only way it could...
No jd I doubt it because there is a clause that prevents SD selling any equity without their permission. So the only way someone could out-bid...
Which is why SD sometimes refers to it as a loan and sometimes as an investment. Neither are strictly incorrect in layman’s terms. If SD pays it...
It’s not really a loan. Think of it in this way, SD wants you to buy the equity from him for £15m but you only want to pay £9m. He doesn’t want...
The loan is not really a loan, it is was is known as a convertible, ie debt that can be converted into equity (under certain conditions). The...
Exactly correct. This nonsense about him buying it for £15m and selling it for £40m is completely wrong. He makes no money on a sale price of...
and FPP did not invest in the existing management team. They got introduced to FPP as they were looking for buyers like any other business....
The closure of the FPP UK company is a red herring. It would take 5 mins to set a new one up or they could buy Madrox rather than SAFC. It’s...
Very simply, he (and Juan) paid £40m to Ellis £15m of their own dosh and £25m which they borrowed from SAFC and still owe. Think Ellis later...
The situation is fairly clear. Donald overpaid for the club and no one is going to pay enough for him to breakeven whilst SAFC is in League One....
Kittens knows nothing, Smug knows some things. Some people know a lot but they wouldn’t post on here. That’s about it.
About £10m would be my guess.
It’s obvious FPP want to buy the club - at the right price. The problem for SD is that the right price is less that he paid for it. That is what...
All that is happening is that SD is trying to find an alternative buyer to FPP to minimise his losses. The FPP offer would mean he has to write...
Exactly. So why do you think they fell out? How would you feel towards someone who had persuaded you to cut them into a deal for nought that was...
Yes, FPP will almost certainly end up as owners, but they are debt holders and SD is the equity holder so ultimately he has the opportunity to...
How much is something that loses money every year actually worth?
Not if he pays off the loan. He could pay it off (would require an equity injection into Madrox first to dilute CM) then he can pay off FPP and...
Not coincidence, it is a definition. It’s why it is called a balance sheet - both sides will equal each other. What goes on to a balance sheet...
What people say and what the reality is don't always line up. It's like an investor putting £10m of funding into your club before a transfer...
