Farhad Moshiri

[Jamiednm]

Never a truer word spoken!

 

[MikeH72]

I'm not on X mate, what's the jist of what he's saying?

We’re going into administration. Not even joking that’s basically it.

 

[maccavennie]

We’re going into administration. Not even joking that’s basically it.

Happy Thursday everyone!

Wouldn't be surprised if that was the case, we must be the worst run football club in England

 

[Librarian]

We’re going into administration. Not even joking that’s basically it.

If you read that, It would seem inevitable without new ownership

But, how does Moshiri sell if the proceeds are likely to be frozen

Probably why he favours an investor rather than a buyer

 

[Tony’s Carp]

We’re going into administration. Not even joking that’s basically it.

The leap to insolvency in that thread is quite a big one. The business is probably still running at a loss but not as massive as it was through wage bill trimming and (sadly) player sales. It's not palatable but if the business was on the brink of administration there are still high value assets (players) that could be sold to keep the club afloat.

Realistically in the worst case scenario where the business is on the brink of insolvency then that would write down Moshiri's investment to basically worthless and in that case rather than lose the lot he would be forced to sell for a relatively small (let's say 100m) amount. And although there would be a lot of extra expense for a buyer (debt, stadium) I don't think you would ultimately struggle for a buyer for a well known football club in the most lucrative football market, with one of the best stadia in the country thrown in too.

The issues and delays in investment right now are because Moshiri wants as much as possible out of the club. If we were close to insolvency his hand would be forced before it actually happened. Things are very worrying but I think concern about administration is premature.

 

[neil999]

If we were on brink of administration why would we have brought in any players?

 

[Ferguson1878]

I'm not on X mate, what's the jist of what he's saying?

ye don’t want to know mate trust me

 

[Connor]

A thread that shows just how dire the situation is

We should be in full scale revolt NOW

We're skint like, but this fella is a clown

 

[HalfTimeSayers]

If we were on brink of administration why would we have brought in any players?

And why would the selling clubs have given us credit to pay tens of millions of Euros over multiple years if there were doubts we could even afford next months leccy bill. Can’t see it.

 

[Furey1878]

If we were on brink of administration why would we have brought in any players?

We've got deals done on buy now pay later. I'm quite sure we will get investment to stave off administration, the worry is will it be someone dodgy like 777?

 

[Tony’s Carp]

And why would the selling clubs have given us credit to pay tens of millions of Euros over multiple years if there were doubts we could even afford next months leccy bill. Can’t see it.

Exactly. If there was a whiff of us being unable to pay our creditors we would not be getting extended further lines of credit in the form of loans and deferred player payments.

 

[Furey1878]

The leap to insolvency in that thread is quite a big one. The business is probably still running at a loss but not as massive as it was through wage bill trimming and (sadly) player sales. It's not palatable but if the business was on the brink of administration there are still high value assets (players) that could be sold to keep the club afloat.

Realistically in the worst case scenario where the business is on the brink of insolvency then that would write down Moshiri's investment to basically worthless and in that case rather than lose the lot he would be forced to sell for a relatively small (let's say 100m) amount. And although there would be a lot of extra expense for a buyer (debt, stadium) I don't think you would ultimately struggle for a buyer for a well known football club in the most lucrative football market, with one of the best stadia in the country thrown in too.

The issues and delays in investment right now are because Moshiri wants as much as possible out of the club. If we were close to insolvency his hand would be forced before it actually happened. Things are very worrying but I think concern about administration is premature.

I agree, but I think relegation would throw petrol onto the fire in terms of administration. Hence why so many are worried.

 

[Furey1878]

Exactly. If there was a whiff of us being unable to pay our creditors we would not be getting extended further lines of credit in the form of loans and deferred player payments.

The new loans were from BK's mates at extortionate rates of interest though

 

[Tony’s Carp]

The new loans were from BK's mates at extortionate rates of interest though

I meant the ones from Andy Bell / MSP, plus effectively lines of credit from other clubs.

 

[nsno-chris]

Farhad Moshiri Insolvent Blues