Usmanov gave him the money...
By buying his stake in Red and White Holdings...
Merry Freakin' Christmas!
Chimpy Glassman
Player Valuation: £30m
@side-by-side1878 where are you, you smelly wool?
Petty, I know, but :
Since 31 May, 2016, the Club’s major shareholder, Farhad Moshiri, has provided an interest-free loan of £80m with no agreed repayment date. This funding has been used post-year end to reduce the Club’s long-term debt by repaying the entire other loans balance of £54.8m at 31 May 2016 and to pay exceptional items referred to above.
Just saying.
....the economics, the governance is all complicated. What isn't complicated is a really good football team, please make that happen.
terry nodder
Player Valuation: £8m
So I know there's other costings, sackin and hiring managers and what have you.
But is the ball park for his part ownership and debt clearance about £160 million?
£80 mill for his share and the same for debt clearance? Or am I way off?
Cheers ted
But is the ball park for his part ownership and debt clearance about £160 million?
£80 mill for his share and the same for debt clearance? Or am I way off?
Cheers ted
If the price of 5k per share reported in the papers is right, then he has spent about 87.5 mil for shares via BHHL and a further 80 mil loan.
If the options are for all BK,AA, JW and JWL remaining shares and are at 5k, it will cost about 41 mil so his total outlay will stand at 208.5mil.
If a 1 for 1 rights issue is done, underwritten by BHHL at 5k per share is done, then it will cost a further 95mil or thereabouts, so potentially his investment including purchase of shares could be over 300 mil.
Toffeeslam
Player Valuation: £35m
Not just him.....there are a few on here were saying the same as sidebyside1878 who's are conveniently missing
hmmmm
Bullet
Player Valuation: £10m
It's most likely we wouldn't still be in the Premiership. BK made mistakes but his biggest one was being poor relatively speaking and therefore never having remotely near the finances necessary to compete effectively with the rich elite at the top.
Well done Moshira. Some of us opened our arms to you and welcomed you as we knew change was necessary............some stabbed you in the back and tried to convince all and sundry that you are a fraud by making up unfounded conspiracies............just for the sake of it, it seems. Still struggling to get my head around the reasoning. Think the main reason was because we had a negative spend in the summer because of the Stones sale and that was enough for a melt down in spite of evidence that we attempted to buy more players. Guilty before proven innocent.
terry nodder
Player Valuation: £8m
Ok thanks, maybe pedantic and it's probably been done to death but should WE count his purchase of he shares as an investment into us? Obviously he will. because he's spent the dough, but if the club effectively doesn't see it (just those whose shares they were) I just wonder if we should class it that way? What do you think Hibs?
Cheers Terry
You're handsome and intelligent.
Not purchase of the original shares, but if (hopefully when) a rights issue is done, that is investment in the club.
terry nodder
Player Valuation: £8m
Well hey my knowledge is attained, mainly through help from fellows like yourself
but yes I thank god every day for my appearance, some of us just got lucky I guess
Thanks Ted
SideBySide1878
Player Valuation: £500k
By a brief read he basically wiped long term debt and then got a loan so it is short term?
Also this is the Vibrac loan isn't it that been moved?
So more or less we have a no interest no payback loan?
That is great news because we basically are getting pumped through with cash from a new source at now interest and No payback date?
Also this is the Vibrac loan isn't it that been moved?
So more or less we have a no interest no payback loan?
That is great news because we basically are getting pumped through with cash from a new source at now interest and No payback date?
