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Takeover News/Rumours - Part 42

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garyswc said:
What a tangled web of shite we weave. We are 1 point ahead of the mighty Accrington Stanley but they've got two games in hand, 17 wins from our last 50 league games. I hope between the lot of them there is at least one person who is not blind and has a loud enough voice to demand the immediate replacement of Parkinson.
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I know it's not much better but we won 16 of 36 last season and have 6 from 13 this season. Last 50 league games: 22 wins and 16 draws.
 
Sons of The Wear said:
Put it on another thread but I’ll be amazed if KLD is the only member of the Louis Dreyfus family/company who will be involved with SAFC.
People who haven’t had a look at the size of that company and all the varied businesses it includes, should do so.
There is quite clearly some elite level business acumen involved and I have a hunch that there will be at least a couple of other people from the Louis Dreyfus family business who will be assisting/working alongside KLD.
People of this level will have their eyes very firmly on who does what at SAFC and there will hopefully be no piss taking party going on anywhere.
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julia Louis-Dreyfus in STID season four, book Mark this.
 
Ghandi Floss said:
It cost him a £10 million pound debt last time someone did!
I still wonder how/when this will be paid back? Surely no takeover is possible until it is?
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I'd imagine it'd be transferred over if the new owners are happy to leave it? I'd prefer they just paid it back at this point if FPP aren't going to get involved in the ownership.
 
Ghandi Floss said:
It cost him a £10 million pound debt last time someone did!
I still wonder how/when this will be paid back? Surely no takeover is possible until it is?
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It's not a problem if what changes hands are shares in Madrox (which is by far the easiest thing for all concerned). The debt simply sits in Madrox until repaid by it. The only change will be that the number of shareholders who could fund that alters.
 
Jorrd93 said:
I'd imagine it'd be transferred over if the new owners are happy to leave it? I'd prefer they just paid it back at this point if FPP aren't going to get involved in the ownership.
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Unless FPP are willing to take instalments, which they’re not, then there is no way they could pay it back now.
They’d probably prefer this takeover not to go through, as they’d probably end up owning a football club by the end of the season.
Grumpy Old Man said:
It's not a problem if what changes hands are shares in Madrox (which is by far the easiest thing for all concerned). The debt simply sits in Madrox until repaid by it. The only change will be that the number of shareholders who could fund that alters.
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But would they still owe that £10m?
 
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Ghandi Floss said:
Unless FPP are willing to take instalments, which they’re not, then there is no way they could pay it back now.
They’d probably prefer this takeover not to go through, as they’d probably end up owning a football club by the end of the season.


But would they still owe that £10m?
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Yes. It's really not a problem. The loan was to Madrox, and it's down to Madrox to repay it. That situation doesn't change just because the shareholders in Madrox do.
 
Grumpy Old Man said:
Yes. It's really not a problem. The loan was to Madrox, and it's down to Madrox to repay it. That situation doesn't change just because the shareholders in Madrox do.
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Surely FPP would want it back before/same time any takeover happens though?
After all, the loan was clearly a way for them to have Donald over a barrel and possibly acquire the club for a lot less than they were quoted.
 
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