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Adam Pearson Consortium

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Abu Dhabi Red and White said:
Can I have your autograph?

I am only interested in info that is available not someone coming on bragging that they knew but didn't disclose it. I understand the reasons for not disclosing info but not reasons to brag about having the info.
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Just correcting Abarth boy.
No bragging involved, as I've only heard of one other potential involvement, which has hardly been mentioned on here.
 
roberto said:
The terms didn't look very good, to me, on the original SBC loan. Could we have got a better deal and not been paying out so much interest? I know this is probably an uneducated question!
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Not really. Some of the big 4 banks have, apparently, been charging small businesses overdraft rates of up to 25-30%. £40m of the loan replaced an overdraft with Barclays, which was probably at a similar rate of interest. The rest replaced a loan form Allied Irish Bank. AIB had gone bust, and their loan book had been sold on; there was a very real risk of it being called in. So, even though that was at a lower rate, it made sense to replace it. It's worth noting that none of that money was used against debts owed to Drumaville (ie Short).
 
Grumpy Old Man said:
Not really. Some of the big 4 banks have, apparently, been charging small businesses overdraft rates of up to 25-30%. £40m of the loan replaced an overdraft with Barclays, which was probably at a similar rate of interest. The rest replaced a loan form Allied Irish Bank. AIB had gone bust, and their loan book had been sold on; there was a very real risk of it being called in. So, even though that was at a lower rate, it made sense to replace it. It's worth noting that none of that money was used against debts owed to Drumaville (ie Short).
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HSBC 21.34% here at the moment.
Thankfully not being used!
 
KittenMittens said:
No chance. No chance I'm leaking names, I haven't even told my own dad. Big difference between saying the bid exists, theyre confident, legit etc and telling people names or details.

Put it this way, it'd be immediately obvious it was me if the name came out at this stage.
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Reverse Takeover by the Sandie Fookas?
 
Grumpy Old Man said:
What finance you can attract depends on assets as much as income. The SoL alone has an investment property valuation pushing £100m. £66m would be a stretch, but knock of the £20m bond, and summer incoming transfers, which could realistically be £20-25m, and the remaining £25-30m ought to be able to be rolled over into a new 5-10 year loan.
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If we can get it down to that then I agree, but the bank will look more at cash flow than at asset value. We will not have the cash flow to support a £60 odd million loan, so any refinancing depends on reducing the debt to a level that will be able to be repaid. Doesnt matter what the asset value is.
 
Grumpy Old Man said:
Not really. Some of the big 4 banks have, apparently, been charging small businesses overdraft rates of up to 25-30%. £40m of the loan replaced an overdraft with Barclays, which was probably at a similar rate of interest. The rest replaced a loan form Allied Irish Bank. AIB had gone bust, and their loan book had been sold on; there was a very real risk of it being called in. So, even though that was at a lower rate, it made sense to replace it. It's worth noting that none of that money was used against debts owed to Drumaville (ie Short).
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Wow, thanks a lot Grumpy.
 
Secret Visage said:
Just correcting Abarth boy.
No bragging involved, as I've only heard of one other potential involvement, which has hardly been mentioned on here.
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In Stewart Donald’s radio interview he did say that there “were lots of groups interested in buying Sunderland” or words to that effect.
 
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