Beefymcfc wrote:The debt is linked directly to the club so unless the Glazer's have just found a pot of gold
Wonderwall wrote:rags I spoke to today were not impressed by this little announcement as they think it spells bad news. If it was good news for the club, they would have PR'd the hell out of it to knock the Norwich brigade into touch. The media would be all over it like flies around shit, it's another little work around and reshuffle of debts to keep a creditor happy and change the housekeeping from one loanshark to another.
Ted Hughes wrote:I hope I'm wrong but it smells like the 1st steps of a takeover to me unfortunately.
Seeing as we can't dare to even try & beat the fuckers now, what's it going to be like if they actually start signing players again?
ronk wrote:Ted Hughes wrote:I hope I'm wrong but it smells like the 1st steps of a takeover to me unfortunately.
Seeing as we can't dare to even try & beat the fuckers now, what's it going to be like if they actually start signing players again?
What do you think, Hicks or Gillett?
Ted Hughes wrote:I hope I'm wrong but it smells like the 1st steps of a takeover to me unfortunately.
Seeing as we can't dare to even try & beat the fuckers now, what's it going to be like if they actually start signing players again?
Beefymcfc wrote:The debt is linked directly to the club so unless the Glazer's have just found a pot of gold the money will be coming from somewhere within the club. They may say it is their own money but in reality the club is their's so it is their own money. Alternatively, it could come from their personal accounts, but as we all know, that is only money ripped off from the club through various schemes.
I've got a feeling that they may be getting ready to jump ship and making the club more saleable without the massive interest rates that the PiK accrued. It was estimated that if it carried on until to the end of it's life in 2017 it would cost the Glazers over 600 million to pay it off.
Ted Hughes wrote:I hope I'm wrong but it smells like the 1st steps of a takeover to me unfortunately.
Seeing as we can't dare to even try & beat the fuckers now, what's it going to be like if they actually start signing players again?
simon12 wrote:Ted Hughes wrote:I hope I'm wrong but it smells like the 1st steps of a takeover to me unfortunately.
Seeing as we can't dare to even try & beat the fuckers now, what's it going to be like if they actually start signing players again?
Funny as I`ve just had a call off a rag mate who said he`s heard on "good" authority that they`ve been sold. I hope it`s wishful thinking. Don`t know if it`s bollox or not and neither does he.
IanBishopsHaircut wrote:simon12 wrote:Ted Hughes wrote:I hope I'm wrong but it smells like the 1st steps of a takeover to me unfortunately.
Seeing as we can't dare to even try & beat the fuckers now, what's it going to be like if they actually start signing players again?
Funny as I`ve just had a call off a rag mate who said he`s heard on "good" authority that they`ve been sold. I hope it`s wishful thinking. Don`t know if it`s bollox or not and neither does he.
Bollocks
mcfc1632 wrote:Beefymcfc wrote:The debt is linked directly to the club so unless the Glazer's have just found a pot of gold the money will be coming from somewhere within the club. They may say it is their own money but in reality the club is their's so it is their own money. Alternatively, it could come from their personal accounts, but as we all know, that is only money ripped off from the club through various schemes.
I've got a feeling that they may be getting ready to jump ship and making the club more saleable without the massive interest rates that the PiK accrued. It was estimated that if it carried on until to the end of it's life in 2017 it would cost the Glazers over 600 million to pay it off.
Isnt the PIK debt is down to them?, whereas the £500m bond issue is on the club - but the expectation of scum fans has been that they will milk the club to make their loan payments. The devil will be in the detail here - of course at 16.25% interest anyone would want to get this paid to reduce the exposure - but unless they won the Euromillions and others then this must logically be simply a refinancing deal at lower interest rates.
Also I would not be surprised if there is some scam - such as they own a good percentage of the PIKs themselves they have been able to do this transaction in a way that gives them a lump - we will need to see the detail come out - certainly hpoe it is not a straightforward payment
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