If successful and the debt was removed to help aid Aussie take over a lease back was being discussed
If not the Aussies have to find clear funds by this week
British consortium are reviewing situation and ready to step in
Now I guess that makes me not a liar not trouble Maker for anyone
Apologies accepted in advance
What you said was useful and it seemed fair to acknowledge that, but you made a big thing about the Aussies wanting to lease the ground because they don’t have the money. I’m hearing it’s the opposite way round, with RD looking to impose it on them.
Impose it on them unless they prove they have the funds to buy 100%?
Or blame them and use the situation to try to lever the ex-directors to take a deal so he can get a long-term rental income.
What's the delay with the British consortium then? Now that we accept they exist.
It’s a bloody good question Tbh and one I don’t know the answer too
I heard that one of the people involved in the British consortium is still involved in another Club. But I could be lying, who knows?
@Airman Brown I've read your latest VOTV article and it's given me some hope if I've understood it correctly. Can you reassure me please?
- it only needs one ex director to refuse the debt to be cleared by RD and he can't lease out the Valley
- the ex-directors can refuse to have the debt paid (this bit I don't get)
Thank you
As I understand it the ex directors cannot refuse FULL repayment of their loans and that RD had tried to cut a deal or he was not prepared to satisfy the repayment terms as per the debentures. Therefore a lease on the Valley cannot be granted without ALL the debenture holders agreement.
@Airman Brown I've read your latest VOTV article and it's given me some hope if I've understood it correctly. Can you reassure me please?
- it only needs one ex director to refuse the debt to be cleared by RD and he can't lease out the Valley
- the ex-directors can refuse to have the debt paid (this bit I don't get)
Thank you
As I understand it the ex directors cannot refuse FULL repayment of their loans and that RD had tried to cut a deal or he was not prepared to satisfy the repayment terms as per the debentures. Therefore a lease on the Valley cannot be granted without ALL the debenture holders agreement.
Comments
and the interested party don't want Murray anywhere near it
Bitter sweet.
(98% bitter + 2% sweet)
- it only needs one ex director to refuse the debt to be cleared by RD and he can't lease out the Valley
- the ex-directors can refuse to have the debt paid (this bit I don't get)
Thank you
Are are they just an interested party at this stage?
So if Roland did pay out according to the repayment terms he could lease the Valley?
What's a debenture?
It's only if they are offered less than they are owed that they can do this.
There may be other interested parties but they hadn’t bid last week