This Takeover has been going on so long now that if it does ever happen, I will continue to believe it has not happened. I will become a Takeover denier and claim it is all fake news by The Guardian. When everyone goes back to the Valley, I will continue to protest on my own. Eventually, I will live in a cave, never believing it has actually happened.
Just read on another website that we owe RD 57.7 m,can any one say what happens to this debt when and if the club is sold,surely he wont just write it off
Just read on another website that we owe RD 57.7 m,can any one say what happens to this debt when and if the club is sold,surely he wont just write it off
Just read on another website that we owe RD 57.7 m,can any one say what happens to this debt when and if the club is sold,surely he wont just write it off
'We'? It's RD's debt.
It's the clubs debt owed to RD
In answer to the question, we all know Roland wanted too much the club have he's not going to get it. He will have to write off some of that debt that's for sure
It will depend on the negotiations but in all likelihood RD will get a % of his debt back as the purchase price of the club and write the rest off.
At one of last season's fan meetings, Katrien said that Roland knows he won't get all his money back - but that quote was on the back of the room suggesting that no purchaser would pay off such a mountain of unreasonable debt.
It will depend on the negotiations but in all likelihood RD will get a % of his debt back as the purchase price of the club and write the rest off.
At one of last season's fan meetings, Katrien said that Roland knows he won't get all his money back - but that quote was on the back of the room suggesting that no purchaser would pay off such a mountain of unreasonable debt.
Knowing how tight fisted Roland is, he's probably lowered his asking price to £56 million.
It will depend on the negotiations but in all likelihood RD will get a % of his debt back as the purchase price of the club and write the rest off.
At one of last season's fan meetings, Katrien said that Roland knows he won't get all his money back - but that quote was on the back of the room suggesting that no purchaser would pay off such a mountain of unreasonable debt.
Is it Roland’s money ? From a fading distant memory of some of the thousands of posts/threads I thought it was intra-group debt that has been building up and that ultimately there is a listed company with multiple shareholders. Can somebody put me right on that if I’m wrong. If I’m right however then it’s likely any recovery will be seen as a result. Also, when is the year end for the company that’s at the top of the tree ?
Think RD owns 95% of Staprix. It means that the debt (£57.7m in mid 2017 and increasing)in the published accounts is owed to Baton 2010 and therefore ultimately to Staprix. IMO no buyer will agree to take on that level of debt. My guess would be that RD will convert the debt to equity then sell 51%+ to the new owners, retaining the balance and benefiting from dividend payments. The new owners might structure the debt to automatically acquire the balance of the equity on promotion to the Premier league. All pure speculation - but I suspect it is the payment structure that is holding things up.
However, the information I've posted above is from Companyweb.be which appears to be a reliable compny information resource. Not sure what to make of it.
Slight change of theme. It seems accepted that the new owners will bring in their new manager and all comments are Harry Kewell. Not starting off negative but is that not what we all hated ( among other things) RD for. It’s Luzon, Fraeye etc again. The manager should be the best person for the job not the owners personal favourite. Just saying!
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When everyone goes back to the Valley, I will continue to protest on my own.
Eventually, I will live in a cave, never believing it has actually happened.
Just want to beat Rotherham.
The Saudi/Aussi revolution can wait until 'next week'.
In answer to the question, we all know Roland wanted too much the club have he's not going to get it. He will have to write off some of that debt that's for sure
or
is this week last week and next week now this week?
However, the information I've posted above is from Companyweb.be which appears to be a reliable compny information resource. Not sure what to make of it.
It seems accepted that the new owners will bring in their new manager and all comments are Harry Kewell. Not starting off negative but is that not what we all hated ( among other things) RD for. It’s Luzon, Fraeye etc again.
The manager should be the best person for the job not the owners personal favourite. Just saying!