End of Moshiri - Friedkin, APPROVAL AGREED

[Cozzie]

Is was never his own money he was putting in. It was Usmanovs, he was always just a front.

[Raptor]

I'm expecting the new owner to be a consortium lead by Amanda Staveley. The timing of her exit from Newcastle is a coincidence, but she does want to reinvest, albeit Tottenham are the preferred choice, but we are still an appealing option, and she could move fast

[Bluebridge]

I'm expecting the new owner to be a consortium lead by Amanda Staveley. The timing of her exit from Newcastle is a coincidence, but she does want to reinvest, albeit Tottenham are the preferred choice, but we are still an appealing option, and she could move fast

She was linked to us pre Moshiri wasn’t she?

[Free Agent]

FFS, imagine having the ‘courageous lion’ host the opening of Bradley Dock for us

[Granite]

On the Talking the Blues podcast, The Esk gives a fairly succinct (well, 20 min) explanation of why the Freidkin Group pulled out. Not far off what Kieran Maguire said in his tweet. Basically, uncertainty around where that £200m 777 lent us, actually come from and which of the parties in question actually have claim to the money/asserts borrowed against. It’s going to court and sounds like it’s going by to get really ugly, so we’re in limbo for the foreseeable.

[Brownie]

On the Talking the Blues podcast, The Esk gives a fairly succinct (well, 20 min) explanation of why the Freidkin Group pulled out. Not far off what Kieran Maguire said in his tweet. Basically, uncertainty around where that £200m 777 lent us, actually come from and which of the parties in question actually have claim to the money/asserts borrowed against. It’s going to court and sounds like it’s going by to get really ugly, so we’re in limbo for the foreseeable.

I’m going to show my total ignorance of finance but why don’t they just pay that money to 777 and let them sort out that mess?

[Fynci]

I’m going to show my total ignorance of finance but why don’t they just pay that money to 777 and let them sort out that mess?

In the words of Stevie V.

I want your money
I've no excuse, I just want you to use me
Take me and abuse me
I got no taboos, I'll make a trade with you
Do anything you want me to
Money talks, mm-hmm, money talks
Dirty cash, I want you, dirty cash, I need you, oh
Money talks, money talks
Dirty cash, I want you, dirty cash, I need you, oh

[Phillyt]

I’m going to show my total ignorance of finance but why don’t they just pay that money to 777 and let them sort out that mess?

A fairly uneducated guess but I think there are more than one possible reason.

We could pay a-cap/777 back but if the court rule in leadenhalls favour then we could owe it again/still have assets with charges over them. with next to no chance of getting it back.

There is a hope that with 777/acap under threat of bankruptcy/liquidation that we will get to pay a reduced amount back and save a decent chunk. So no o e wants to either pay it back to the lender/courts or to settle it between moshiri/buyer.

No one knows the conditions like repayment terms/interest rates that could be put in place after the courts decide what’s what.

The only solution I can see is that moshiri puts the loan into a separate company which is then not part of the sale. He can then negotiate up to £200m extra for his shares and he retains ownership of that subsidiary which is basically the debt until such a time as the courts settle it. What I don’t know is if there are securities that are held against the loan and if that might scupper that idea.

[Phillyt]

I’m going to show my total ignorance of finance but why don’t they just pay that money to 777 and let them sort out that mess?

A fairly uneducated guess but I think there are more than one possible reason.

We could pay a-cap/777 back but if the court rule in leadenhalls favour then we could owe it again/still have assets with charges over them. with next to no chance of getting it back.

There is a hope that with 777/acap under threat of bankruptcy/liquidation that we will get to pay a reduced amount back and save a decent chunk. So no o e wants to either pay it back to the lender/courts or to settle it between moshiri/buyer.

No one knows the conditions like repayment terms/interest rates that could be put in place after the courts decide what’s what.

The only solution I can see is that moshiri puts the loan into a separate company which is then not part of the sale. He can then negotiate up to £200m extra for his shares and he retains ownership of that subsidiary which is basically the debt until such a time as the courts settle it. What I don’t know is if there are securities that are held against the loan and if that might scupper that idea.

[Raptor]

Breaking news on sky that Kevin Malone consortium will bid again in the next couple of weeks

[Trowel]

Breaking news on sky that Kevin Malone consortium will bid again in the next couple of weeks

Uh oh.

[Paddockoldie]

Uh oh.

What d'yer know to say that??

[Cozzie]

That's me out if it goes through

[777Kidnappings]

That's me out if it goes through

Why what's wrong with him

[Shogun]

Looking forward to the Liverpool v Everton & Dodgers v Red Sox double bill over in the states in 5 years.