This is more or less what my expectations are. My guess is they’ll leave the junior debt until last. But once the stadium is revenue generating the debt will be restructured.In theory (as some have been saying)
MSP = 51% debt converted to equity.
+
Moshiri as largest shareholders
£400mil debts to 777 + R&M still owing.
If the rumours are true and MSP want another partner or partners to come in then the two English chaps may well come in with £100mil to complete the stadium etc.
Then Bahrain or elsewhere rumours may see anywhere £200-400mil to clear off one or both debts.
When the stadium is built then we could mortgage it at a low % over 20 years and have a large cash amount on the balance sheet.
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