Significant investment by FPP has been made

[Squat]

they've also changed the share capital?

Resolutions Cancel share prem a/c 17/10/2019 Resolution of reduction in issued share capital

 

[bluesman]

Why does this make me feel uneasy the money is going into the chancers company not safc i think i will hang on till some one that knows finance comes on before the shit hits the fan.

 

[kildaremackem]

How will SAFC access this fortune then, will they have to loan it from Donald?

could be a loan or could issue more shares in safc and use the moeny for madrix to buy them...

 

[Luna17]

Well slap my thighs it's happened.
Only problem is the jokers in the important positions.
Nowt good will happen til top positions filled by competent people.
Anyone getting excited wants to just take a step back and think about things.

 

[Sid James Park]

can we afford maddison yet?

Yes

 

[seanwharton]

Interest payments and it’ll be secured against something

So it’s a loan

 

[Deleted member 7101]

Two cans, I think

At the very least!

 

[Ciro_DiMarzio]

Not sure what it all means. 8 figure investment with no shareholding suggests it's a loan. Hopefully just part of a longer term plan.

 

[kildaremackem]

So it’s a loan

convertivble laon yes..but not to safc..its not safcs debt..

 

[Coeus]

Careful, you'll blow their simple minds!!

Enlighten people then einstein instead of calling folk names.

 

[6inarow]

£12m into Madrox's account I see, interesting

where do you see 12 mill? Ive just been on companies house and no new filing history

 

[Bears Beets]

Over the moon it’s finally done however disappointed the idiots at the top are still in place and are been allowed to keep running the recruitment.

Haway the monorail.

 

[CollingwoodFTM]

31 October is the septic’s version of 1st of April.

 

[Teed]

could be a loan or could issue more shares in safc and use the moeny for madrix to buy them...

Right, like I said earlier, it sounds dodgy to me.

 

[Ciro_DiMarzio]

Where does it say ten million?

It says 8 figures so 10 million plus but is it an investment, a gift or a loan? Hopefully we will get some black and white answers soon.

 

[West_Winger]

where do you see 12 mill? Ive just been on companies house and no new filing history

There is for the club. Not sure what a solvency statement is like.

Edit - found it.

“This solvency statement is a statement that each of the directors is of the opinion that the company will be able to meet its obligations and discharge its debts over the next 12 month period, or in the event of its winding up.”

You must be logged on to see external links

 

[deleted user 785]

Gone missing marra.... to see if they can pull the deal apart in some way.

I'm delighted we have investment. I'm really concerned about those tasked with utilising this investment. Knowing this was coming and they still appointed Phil Parkinson.

 

[Hawyatt Earp]

Seems an odd deal, what are they getting out of it?

The club, over time.

 

[skullmeister]

Some of you would twist on 21 ffs.

Fannies galore on this place like, what a depressing way to live a life being down on each and every move that the club makes.

 

[Deleted member 35923]

think a bit more detail is needed before we can properly comment.

An eight figure investment without the share holdings changing sounds a bit like a loan. But we’ll see