by Nameless »
20 Apr 2017 12:13
maffff From Despair To Where? The land thing really doesn't bother me. We were selling players to pay the tax man before they turned up. They will still hold a 25% stake and on balance, I reckon we'd be in a much worse place without them.
I think they've been relatively open about their aims and have generally been good for the club. Are they really worse than Samuelson and his carpetbagging buddies or an Israeli online casino baron?
We hold a 25% stake, but this is currently collateral against the Chinese loan.
I don't mind the fact the Thai's have the land - they paid for it 10x over with that song alone.
We don't hold any stake.
The Thai's own it 100%, just under different names.
it is impossible to guess how the REP finances will work out. The Thai's could easily load debt onto the club to pay for it and take all the profits out. They could equally write off all the debt in the club against the profits of REP leaving us in a very healthy situation and possibly them avoiding a large tax bill.
I suspect it will be somewhere in the middle, but I tend to agree with the view that the Thai's have been pretty clear on what they are doing and have been pretty positive in terms of what they have done for the club. However they are business people, not fairy god mothers and we should not be surprised if they act as such.
The list of alternative options with a better outlook is small, very few clubs have woners who will plough in millions and expect nothing in return.