Bally wrote: ↑Tue Apr 30, 2024 11:49 am
This is a mitigating risk move
777 businesses airline specifically , have gone into administration so we have brought in financial advisors (sure moshiri is a fucking accountant) to ensure we take the correct steps , the fact that the company have a large insolvency firm , does not confirm we are looking down the barrel of a gun.
It's a fucking shithead move by the press once again read the article, it's a nothing piece with no actual evidence.
Yes we are a fucking shit show and I'm fully aware of how much of a fucking hole we are in , but this is a nothing piece to stir up the shit pot ...again
Yeah the article states they're an insolvency AND debt restructuring agency... So there's every likelihood we're asking for help restructuring the debt and not about to head in to administration.
Not quite as click baity though as a headline that I guess.
TheRam wrote: ↑Tue Apr 30, 2024 12:15 pm
I think the issue is the missing payment isn’t it?
That’s my understanding of the issue, there is no working capital anymore, the £15 million tranche that was due to arrive from 777 yesterday hasn’t turned up, doubts now over whether we are able to pay the Stadium contractors, player wages and operating costs.
Granite wrote: ↑Tue Apr 30, 2024 12:59 pm
Even if they get the deal over the line, 777 will be “house poor” owners. They’d have bought the house but won’t be able to fix it up.
This is the biggest worry for me.
We have to hope and pray the rumours are true that there is someone else waiting in the wings.
Moshiri is an absolute moron. Spent his entire time here being taken by agents, kenwright and every player or manager he'd heard of
Now in his last act he accepts the best offer off 777 even though they don't have a pot to piss in and gives them a long period of exclusivity. So we sit here with our hands tied as 777 try to finance this deal while probably going bust themselves
