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marcusblackcat said:
I don’t get this “owing owner” garbage. If my singing business is in debt, it’s my debt. How is it that you own a company, which can owe you money?
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Isn't it something to do with it being a loan from the owner of the business that he can ask to be repaid at any time?
 
samwise_new said:
ok lads, while we all feel the current frustrations we really have to take a step back, the policy is not going to change for now as the club is really just getting back on it's feet ( we all know the recent history) so the owners are doing exactly what i would want them to.

always make sure you have solid foundations then everything going on top has a secure footing and easier to correct if there is a blip along the way, i honestly believe that KLD has enough to buy a couple of 10 or 20 million players ... but then they will probably ask wages to match and once we spend that money, every selling club will want at least the same and every player will want a matching wage, a 25 man squad getting even 1k per week increase adds around 1.3 million to the wage bill so a 'decent hike' for them all will not be sustainable at all and this is where the clubs current policy is, aiming to grow some talent and giving them game time with the aim to sell on meaning a little more to spend and some better wages.

or

we do as some suggest and pay 10 or 20 million for a few players and end up with mercenaries, drop into the 4th division and bankrupt...of course it might not wotk out that way, but if there is no reason to run the risk, why do it?
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This window is going to be even more mental than usual with so.much happening in final days. As said previously the Saudi inflated bullshit, where the likes of max power can get 50k a week, has changed the landscape. It might be a case of sitting tight until the last day as the chances of getting a bargain now and a player on decent wages is very difficult
 
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Best uncapped Keeper said:
is it something to do with them being PLCs as opposed to one man bands, partnerships or non stock market listed companies?
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If the football club go bankrupt then the limited part in the company name means that creditors can only go after the company and its assets to be repaid. The owners personal assets are protected. However, if a loan has been made to the club there will be a fixed order in which the creditors are paid of which the loan is just one.

If instead of going bankrupt the club is sold then the loan will be written so it has to be paid off.

Others know way more in depth about this so apologies if I’ve mis stated anything.
 
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Downeys Loup said:
If the football club go bankrupt then the limited part in the company name means that creditors can only go after the company and its assets to be repaid. The owners personal assets are protected. However, if a loan has been made to the club there will be a fixed order in which the creditors are paid of which the loan is just one.

If instead of going bankrupt the club is sold then the loan will be written so it has to be paid off.

Others know way more in depth about this so apologies if I’ve mis stated anything.
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What happens to any director guarantees as they are in place at our club.
 
Bob the Mackem said:
What happens to any director guarantees as they are in place at our club.
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Just googled this:
What is a Director’s Guarantee?
These are most commonly requested in business to business transactions. If you are a director of a Limited company, there is limited liability for all directors. This means that if the business were to go into liquidation or administration, you would not personally be liable for the company’s debts even if the company were to fail to pay them. This is unless you have signed a Director’s Guarantee.

A Director’s Guarantee is a form or declaration a director can sign stating they will personally cover the debts to a certain company or individual owed by the company of which they are a director. For some companies, having such a document signed is the only way in which they will do business, especially when it comes to very large transactions. This has very little effect on the director themselves, unless the business they are a director of, goes into administration or for whatever reason, fails to pay their debts.
 
haway then lads, as it's quiet, what are we all thinking regarding transfers?

i think the early signings show that the club have been working for a while on targets, while not the finished article and i never really expected them to be part of the first team i thought they were good additions, dack, while it had been 'thrown about' for a while is a very good lad to get in the side a she has that bit of aggression in his play, i dont mean 'nasty' but he has that edge to get himself into good positions which is something the midfield has lacked, he also brings some more experience to the side.

we were told there was going to be a lull in business but i am sure there has still been work going on especially aimed at at least one 'ready to go' striker and one for across the front three, i also wonder if the lull has been to wait for any offers coming in for our lads to allow wages to be freed up...would not like to see any go to be honest but that is business i guess.

would love to see an 'mville' type of player coming in for DM, especially if baath leaves, the young lads look confident but having that protection would help them and my blood pressure...so i hope three more ready to hit the first team.
 
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Hefty fullback said:
· Middle East

Commodity group Louis Dreyfus completes stake sale to ADQ

Reuters

September 10, 202110:06 AM CDTUpdated 2 years ago

PARIS, Sept 10 (Reuters) - Louis Dreyfus Company (LDC) said on Friday it had completed the sale of a 45% indirect stake to Abu Dhabi holding firm ADQ, marking the arrival of the first non-family shareholder in the agricultural commodity group's 170-year history.

The overall value of the deal was not disclosed but LDC said in a statement that a portion of the proceeds had been invested in the full repayment of a $1.051 billion loan that LDC had granted to its parent company.

The stake sale to ADQ was initially announced last November.

That ended a long hunt for an investor by controlling shareholder and chairwoman Margarita Louis-Dreyfus, who had built up debt buying out other family members during a period of lean profits for the commodity merchant.

LDC, known as Dreyfus, is the "D" of the "ABCD" quartet of renowned global agricultural commodity firms alongside Archer- Daniels-Midland Co (ADM.N), Bunge Ltd (BG.N) and Cargill Inc (CARG.UL).


“This partnership with ADQ reinforces LDC’s position and financial strength to accelerate strategic investments (...) including in new areas such as plant-based proteins, as well as in projects to move further downstream in several of our existing business lines,” Chief Executive Michael Gelchie said in the statement.

The financial pressure on LDC in recent years was also linked to Brazilian sugar firm Biosev , previously owned by LDC's parent.

The $1 billion loan from LDC to its parent, originally due in 2023, was part of a bailout for Biosev.

That burden has also eased after LDC's holding firm agreed this year to sell Biosev to Brazilian energy company Raizen (RAIZ4.SA).

A surge in commodity prices and strong grain demand from China have also boosted earnings for merchants during the coronavirus pandemic, helping LDC's profit recover last year.

For state-owned ADQ, the investment in LDC extends a foray into food commodities that are crucial to import-reliant Gulf states.

The deal with LDC outlines a long-term supply agreement to sell agricultural commodities to the United Arab Emirates.

Reporting by Gus Trompiz in Paris Editing by Edmund Blair and Matthew Lewis

Our Standards: The Thomson Reuters Trust Principles.
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And you sold your soul to the Saudis?
Bob the Mackem said:
No I'm just here now, I will be finished before they all get in.
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are you maintenance or summit Bob?
 
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