It will be a stinger for Moshiri loosing 51% for the same finance he was prepared to sell 25%-30% 12 months ago until rights and media blocked it. MSP aren’t really winners here either in the sense the club has additional 200 mill of debt heaped on it since their interest a year ago, while they if they do take operational control, have the face ache of restructuring our finanace , meet cash calls, begin to recover the club and also seek investment. That’s not an envious task. Moshiri will just sit on his stake.
I suspect there is more on Moshiri and his deal with 777 then meets the eye, I’ve seen conflicting reports that an agreement was signed with condititioned - then other reports that it wasn’t exclusive. My own take is there is an agreement, why would there not be and why would 777 continue to fund us. I suspect while 777 kept up there side of the funding bargain, Moshiri couldn’t do anything. If want Andy C/Esk says is right and they failed to provide funding this month, then they may have broken the loan agreement. Logic dictates then all bets are off. If they aren’t holding up their funding agreements, then they aren’t repaying MSP at the end of May.
So maybe we are in the process of a 777 collapse and Bell is coming in now, to enforce security and negotiate contingencies on behalf of MSP. Maybe MSP have provided this mi this funding.
On the dynamic of MSP, Moshiri, Bell and Downing - is that I believe MSP asked Moshiri to stump up some investment as an act of good faith - 20 mill on conditition of their loan.
