by Rfc1987 » 16 Sep 2013 09:19
by westongeezer » 16 Sep 2013 09:26
by kwik-silva » 16 Sep 2013 09:27
by Rfc1987 » 16 Sep 2013 09:29
by PieEater » 16 Sep 2013 09:45
by SPARTA » 16 Sep 2013 10:56
Rfc1987 Charles Watts last night tweeted that Anton is looking to remortgage the stadium, rumoured to pay for his takeover? Charles seemed shocked and confused as he belived Anton has the option of extending the deadline of his 100% takeover.
Thoughts?
by Nameless » 16 Sep 2013 20:48
by LightwaterRoyal » 16 Sep 2013 21:03
Nameless How would you mortgage a stadium ?
It has zero value, if someone defaulted on the mortgage what would be the point in repossessing it as there is hardly a market for 24,000 seater stadia in the Berkshire area.
by RoyalBlue » 16 Sep 2013 21:06
Nameless How would you mortgage a stadium ?
It has zero value, if someone defaulted on the mortgage what would be the point in repossessing it as there is hardly a market for 24,000 seater stadia in the Berkshire area.
by UpThePrem » 16 Sep 2013 22:59
by Royal Lady » 17 Sep 2013 10:24
UpThePrem Even if this were for real, wouldn't SJM get 49% of the remortgage value anyway?
by Norfolk Royal » 17 Sep 2013 10:36
by Victor Meldrew » 17 Sep 2013 10:44
Norfolk Royal Surely the club could remortgage it with a decision at board level backed by SJM then AZ divvies him up?
by MouldyRoyal » 17 Sep 2013 10:45
by PieEater » 17 Sep 2013 12:39
by melonhead » 17 Sep 2013 12:43
MouldyRoyal Exactly, if the club owns the stadium (and I am fairly sure it does) then the board (ie AZ) can approve the remortgaging of the stadium. Club receives cash, then probably would loan the money to AZ who would use it to buy out the share of the club held by SJM. Then either repay the loan from the club over several years or write it off as a deemed dividend.
It's possible, but I doubt it will happen. Wait and see what the accounts say I guess.
by littlejohnnyoster » 17 Sep 2013 12:54
by MouldyRoyal » 17 Sep 2013 13:23
melonheadMouldyRoyal Exactly, if the club owns the stadium (and I am fairly sure it does) then the board (ie AZ) can approve the remortgaging of the stadium. Club receives cash, then probably would loan the money to AZ who would use it to buy out the share of the club held by SJM. Then either repay the loan from the club over several years or write it off as a deemed dividend.
It's possible, but I doubt it will happen. Wait and see what the accounts say I guess.
he doesnt need to though
he can simply fund the full purchase with the profits we took from the prem money and parachutes cant he?
by PieEater » 17 Sep 2013 13:44
by andrew1957 » 17 Sep 2013 13:46
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