its been field at companies hosue as £9m.
because it could be a convertible loan,.,gthat is..it converts to shares later.,..there might not be interest on such a thing...its a low rosk way for them to get involved..because they ahve put in 9m..say thats worth 60 per cent of the clubs value now..but if they wanit and cobvert in two or three years..the clubs ewuity could bew roth more and they got it at this price..its really quite shrewd..
this isnt about safc finances..though..its about a company called madrix..safc have not been put into debt..
whetehr they have drip ped the cash in will be in the safc accoiunts, which havent been pushed back...
its none of your bsuiness if CM or SDhave pushed back the accounts of the other cpmpnies they own.#both ellie short and niall quin owned safc via a company in the channell islands so told you even less than these guys do.
there isnt confusion over how much they paid, not now, they paid £15m, they used £10m of the para money to do that.#they werent straight up about doing that and so deserv scepticism.
charging who? ias the companeis house filings show..its not a loan to safc..they have used the moneynto buy snewl shares ins afc..so its not a loan to safc.
it may be aa loan to madrix..in which xase madrix may be paying interest..but its definitely mnot a loan to safc.
because madrox is a private company. do you want to knwo the details of the finances of stewarts car leasing girm or charlies insurance company? same thing..
its not a loan to safc though..they used the money to buy shares in safc..not issue a loan.
we havent. the company house filings show no loan to safc..they show madrix spent £9m buying shares in safc, simple as that.
where di madrox get the £9m? well that hasnt been filed yet...but if it was the yanks..then it was either a loan to madrox (not dto safc, or shares in madrix)