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Sale is close - Barnsey

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Nothing imminent according to Bob, sorry to be the bearer of bad news folks, think there's a few more twists and turns in this.

On the plus side sounds like we have a proper footballing strategy now.
 
So the terms of the loan from FPP and requisite charge over the club is what will cause issues in any sale?

That sounds like early repayment of the loan comes at an extraordinary price.

I noted that one of the “P’s” is party to the MSD Involvement at Southampton. This appears to me as dead in the water. They just have a charge over the assets of the club, so the loan has to be dealt with including any penalties for early closure. FPP may just prefer the business on their portfolio and potential charge. This will undoubtedly be a stumbling block for any potential buyer.

I suspect that the backers will financially back the club into debt similar to what happened with Manchester United. It is very rare that football clubs are literally funded by the backers, they usually act as security to the club. Or alternatively, are used as tax planning through holding companies.

I’d be very interested to see who his backers are but I wouldn’t be surprised if they are ultimately connected to Sullivan and Gold in some way, albeit I have no evidence to support this in anyway or form, purely speculative.

I am only guessing, but reading between the lines, I don’t believe that FPP are the other party at all.
 
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