Well let's not go details there, nobody knows what he can be charged against if Erdogan lose power. We already know he was linked two organisation where members are currently behind the bars. And these were claims of legendary Fenerbahce president: https://www.goal.com/tr/haber/aziz-...ya-flas-yanit-geri-zekali/bltc089abaf016b2795
Whatever the long term repurcusions of this late pament, whether it was a blip or the start of Armageddon. lets hope the players are not going to use that as an excuse to not give 100% tomorrow and leave everything out on that pitch. Maybe no wages at all you could understand, but a couple of days late, if any of them phone it in because of that in a game of this magnitude , they are a more spinlesss bunch then suspected. argue about it in the summer, get your agent to get you out in the summer , but tomorrow just forget about it.
I wonder how it would it work with the loans Acun has taken out though? The lender will have looked at whether Acun Medya could pay them back, not Hull City. Then, once he’s transferred the money to city, the EFL would see that they have the money coming into their account for proof of funds – they’re probably not interested in the contractual details of the repayments to Acun? Like my earlier example, If I took a loan out to pay for a car, the dealership is only going to see that I do have the money, not whether I can afford to pay it back to the original lender at the rate they want me to. My worry about the money that we owe is that there’s an expectation of Acun deciding to eat a loss at some point, otherwise he might have to asset strip the club to recover the money he owes in a short time frame if he chooses to leave the club.
I guess my thinking (understanding) of how things worked for the first three years is they needed to show the EFL the business plan and source of funds to fund the club over those three years. Now perhaps that involved showing them debt facilities etc. but I'm sure the EFL scrutinised all contracts of players we were signing and had to sign off on them (Tan said as much). We have subsequent to those three years sold Philogene and Greaves (along with Tufan, Allsop, etc. less materially), and the players we've brought in would have installments due over the next however many years. I just can't get my head around the EFL scrutinising us and signing off on decisions for 3 years then letting the training wheels off so to speak and everything going to **** the instant they do.
It's all hypothetical (potentially), Acun could (not saying he will) convert the debt (in whole or part) the club has to Acun Medya into equity thereby reducing the debt and associated interest payments. He certainly has some big decisions ahead of him over the coming days and weeks.
Well yes he could to help the club but he personally would then have to pay the debt off to the bank he borrowed from and I just don't think he has the finances to do that.
This plus the financial position in the last published accounts is exactly why I asked several times if any of our ITK posters could at least give us an idea of what has happened for us to be financially crippled but haven’t had an answer so far.
Converting the debt to equity would certainly make the balance sheet position stronger and it would demonstrate a commitment to the club by Acun.
Possibly, I haven't a clue about what securities and/or PG Acun has put on the table on behalf of Acun Medya to it's bankers and funders.
Because only Acun knows the precise details of his financing arrangements and he doesn't post on here.
English isn't Acun's first language, so it's a wide field to choose from. The views expressed in my posts are not necessarily mine.
100% agree, sadly, people take ITK snippets and run with them as fact, that’s why I’d like someone to at least provide a little substance to the claims.
Adam is too busy to get involved again. https://www.independent.co.uk/arts-entertainment/films/news/elephant-man-adam-pearson-b2743617.html
Old man Allam playing the part of Dr Treeves? The views expressed in my posts are not necessarily mine.
