Why would anyone agree to any of that given that any investor will have a 3 year Window to get their money back after that there really will be nothing other than the fixed assets.dsr wrote: ↑Tue May 31, 2022 6:35 pmI agree about the new loans. I was thinking more about Pace deferring the old loans, the Macquarie loan and also the amount owed for the balance of the original shares, so they become payable next year rather than this. They could hope to do this either by changing the terms of the existing loans or by borrowing new money to repay the old. Of course, Macquarie has 65 million good reasons for not wanting this to happen. If they allow the parachute money to be spent on football expenses, they are risking their investment.
As for investment at VSP level, do you think VSP would be content to throw more money at BFC? They have already lost £20m or so, the full amount of their initial investment, and putting significant new sums in would be a bit of a long shot in that if it fails, it's good money after bad, and if it succeeds there are still no guarantees of making a profit. The club may still be worth no more than they paid for it.
They will have to spend the parachute money on football expenses - even at 50 per cent the wage bill is likely to be between £40 and 50 million.