The price of £60m potentially rising to £130m is due to the associated debts and that 777/a new buyer will have to inherit.
A different party might tell Moshiri to whistle for his money due to the current debt and operating costs.
In a word, no...
Shareholder loans that bear no interest and have no defined repayment terms are not debt.
The 550 million value quoted is the Enterprise Value. Which is the sum of equity and debt. In this case the debt is defined (R&M, Metro, MSP) and the...
FM will take a small cash payout and some development deal with the stadium and/or surrounding area as a cash value.
He’s always been in this for the stadium development. He will want a piece if a piece can be cut.
Incidentally a deal worth 500 mill doesn’t mean someone is paying, 500 mill it means the buyer is taking on the debt in value, if we have debt of 250 mill with R&M, 40 mill with metro bank, 158 mill with MSP, the remainder will be going to...
Well if 777 falls through mate, he either has to fund us or renegotiate. I wouldn’t fund it if I was him, because his equity is worth next to nothing, but I’m beyond working out the logic in his decisions he’s a loose cannon.
The clever play is...
The stadium isn’t an asset until 1. It’ funded, 2 Its built, 3. It starts making money and 4. It’s paid for.
You can’t borrow and owe money on one hand hold that debt, then say we’ve made money on value because we’ve half built something...