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Donald to meet efl tomorrow

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He can't say much until things are ratified. He'd probably only actually be here because he had to be to get it ratified and is very unlikely to speak to any journalist through anything other than a pre planned statement once it's sorted.
As far parachute payments going to him then I don't see how they could, it won't be his club.
We could agree to pay him a few quid in instalments but it won't be the parachute payments.
 
prehab26 said:
Dont mind him not speaking but if he is taking the next years parachute money.....
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Paying the external debt is pretty pointless if he pockets them, we'll be back in 70m worth of debt by the end of next season. I said at the time we'd be best off waiting to see what the terms of the deal was but posters were falling over themselves to blow smoke up his arse for this great act of altruism.
 
lozza said:
so ellis short decides not to speak to a random journalist outside and now it's panic stations why ?? he might not be allowed to say anything until after the meeting is done
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He wouldn't ay anything even if he could. He very rarely talks to jouralists
 
prehab26 said:
Dont mind him not speaking but if he is taking the next years parachute money.....
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The only way that could happen would be if the purchase contract included a deed of assignment to Short - in effect the buyers using the parachute as a means of paying for the club. However, as this would mean them having to take out new loans to replace the parachute, or provide replacement funding from their own resources, there wouldn't seem to be any reason for them to structure the deal like that.
 
Grumpy Old Man said:
The only way that could happen would be if the purchase contract included a deed of assignment to Short - in effect the buyers using the parachute as a means of paying for the club. However, as this would mean them having to take out new loans to replace the parachute, or provide replacement funding from their own resources, there wouldn't seem to be any reason for them to structure the deal like that.
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Hope so mate but Conway is very good at this type of stuff and highly reputable.
 
Grumpy Old Man said:
The only way that could happen would be if the purchase contract included a deed of assignment to Short - in effect the buyers using the parachute as a means of paying for the club. However, as this would mean them having to take out new loans to replace the parachute, or provide replacement funding from their own resources, there wouldn't seem to be any reason for them to structure the deal like that.
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As a league one club, do you think we'd be able to secure the borrowing needed to cover those payments?
 
It isn't up to the EFL to approve the details of the terms of any buy out surely? Their scrutiny confines itself to whether the buyer has access to the resources to meet his commitments to the club and to ensure he has honourable intentions and is not someone with a criminal past who is wanted by police across 5 continents for drug trafficking and money laundering...doesn't it?
The actual specifics of the terms of sale are not subject to their approval.....are they?
 
Would not surprise me if some of the parachute payments are going to SBC to reduce their debt before ES has to clear the balance and write off his debts plus the figure he has had to give SBC.
If I recall the SBC loan is secured on the Premier league monies.
 
Bears Beets said:
Not really, Short hasn’t even spoken to local journalists in 9 years never mind journalists who are standing in the street asking questions during a takeover bid.

Just adding up 2 and 2 and getting anything other than 4.
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I think you might have missed my point marra. Conway was one of the first to start asking questions about FIFA and Blatter. He won't have been standing there this morning by coincidence. There's a possibily he smells a rat, or even has evidence of something about Short. Let' Just keep our fingers crossed that Donald has the financial backing to support his bid. Then hopefully Short can be thrown to the lions.
 
dalsafc said:
Would not surprise me if some of the parachute payments are going to SBC to reduce their debt before ES has to clear the balance and write off his debts plus the figure he has had to give SBC.
If I recall the SBC loan is secured on the Premier league monies.
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Would'nt surprise me if he took them, I dont understand why he would wipe the debt without a similar arrangement.
 
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