Hall Of Fame
The club cannot move on whilst the debt to Purepay exists.
So will PD eventually partially implement the personal guarantees and then annul the debt?
Or, as I believe, will PD wait for the Holdings board to collapse and then act.
PD's Purepay effectively owns 1921 because debt overwhelms shareholdings.
Purepay has a charge on all the 1921 assets for as long as the debt is in place
and also personal guarantees from The Three.
The debt plus the associated charge amount to ownership by PD's Purepay.
Moderator
The three horsemen won’t want the debt to be called in so expect a period of ultra-austerity. They simply can’t afford more debt at it will effectively raise their heads above the barricades and PD might notice them. Right now, they’re not at the top of his agenda.
Footymad Forums offer you the chance to interact and discuss all things football with fellow fans from around the world, and share your views on footballing issues from the latest, breaking transfer rumours to the state of the game at international level and everything in between.
Whether your team is battling it out for the Premier League title or struggling for League survival, there's a forum for you!
Gooners, Mackems, Tractor Boys - you're all welcome, please just remember to respect the opinions of others.
Click here for a full list of the hundreds of forums available to you
The forums are free to join, although you must play fair and abide by the rules explained here, otherwise your ability to post may be temporarily or permanently revoked.
So what are you waiting for? Register now and join the debate!
(these forums are not actively moderated, so if you wish to report any comment made by another member please report it.)
Posting Permissions
Reply With Quote