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Re: http://andersred.blogspot.com/ 19/1/11
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Re: http://andersred.blogspot.com/ 19/1/11
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For now though it's a very clever move by those £#%&!ing snakes. We'll see I suppose... |
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Re: http://andersred.blogspot.com/ 19/1/11
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Safe to say they havent sold a share of the club (and certainly not anything like the 10-15% that was being rumoured). Do it really surprise you? It the whole Glazer MO - debt, debt and more debt. It'll be nothing more than new loans at better rates. |
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Re: http://andersred.blogspot.com/ 19/1/11
payment of the piks was done with money from outside the club. it's clearly not the glazers' money and i doubt it's new loans as if credit lines were available then they would not have taken the piks on in the first place - they were hardly first option as cheap credit at the time of the takeover, it was simply the only way the glazers could raise the cash. and, of course, if alternative credit were available then the glazers would surely have paid the piks up earlier instead of allowing the interest to roll up - and with each roll up credit would be harder to come by as their (the glazers') overall indebtedness increased.
the logical source for the money is an outside investor who has been given something for his investment, presumably an option to buy at a set date for a set price (it's hard to imagine what else would be sufficiently enticing). this would suit all parties: the glazers pay off the piks and get a few more years of sucking money out of the club, plus a nice profit; the buyer gets the club for a set amount at a convenient date (a little before the world cup, for example). |
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(some odd pointless drivel in brackets) |
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