Reply With QuoteThe Times report 161 mill in loans! The indication is that he woud sell for a £1 but presumably would want some (at least) of his loans back!!
Worrying situation!!
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30 June 2018 for Sevco 5112 and the Club. Sevco is MM's holding company for those who don't know.
At June 2017 Sevco was losing money at over £20 million a year and MM was owed £95 million. Up to February 2018 he had put in a further £21 million. So at this rate he probably is owed as much as £ 140 million or more as of today.
To those who think the club is debt free, dream on, the devil is in the intra group detail.
To those who ask "what have the Romans done for us".... I can think of 140 million things. Oh yes, and the roads.....
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The Times report 161 mill in loans! The indication is that he woud sell for a £1 but presumably would want some (at least) of his loans back!!
Worrying situation!!
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That may be true at 161 given the summer investments, but accounts not on public record yet
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So given that the option is to give the club away to anyone that would continue to prop it up (at what level?) how can he get loans back?
Contingent on getting into the greed league perhaps? But would that happen if costs are cut?
Take the ground as payment in kind at a value? Then charge the club rent that it can't afford. Coventry mark 2.
Take the ground and knock it down for development, let the Club ground share in Nottingham 😭. Or ground share at PP with the trees to reduce costs, then the council can knock their ramshackle shed down for redevelopment.
Options all seem bleak, time for a Russian oligarch perhaps, or a small Middle Eastern country to invest. Daesh County anyone? New chairwoman SB.
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How about he sells the club for a quid and the newbies pay him what the club "owes" him, either in full or partial payment up front and the rest in instalments from the first few PL seasons, should we get there and stay there.....
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How does this compare with our peers?
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Would you pay 150 million for us, on instalments or not, and prop up the running costs for however long it takes? I suppose there's always someone who might, let's hopeOriginally Posted by MadAmster
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I guess this will emerge over the next weeks as most clubs have May/June year ends following the season
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Oh dear...so we’re selling for £1, clutching at the ‘straw’ of Bolton’s results being invalidated whilst apparently looking into the East Stand being extended. All a bit confusing and, I can’t help but feel, a little too much...the ‘Derby Way’.
Oh well...darkest before the dawn as they say.
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Almost as flimsy a straw as holding on for a second referendum for the bast part of 3 years eh!!
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