the ?10m loan is from Sports Direct not from Ashley himself
there's more on it all here:
User Posted Link
it sort of implies the original ?3m was from Ashley - but it's not clear on that
"As part of his ?3m loan, Ashley was entitled to appoint two directors and Llambias was identified as his appointment in a Stock Exchange announcement when he joined the board.
Those terms are cancelled once the ?3m is paid back, but under the terms of the new loan facility, Sports Direct is entitled to appoint two directors for the length of the facility."
Posted By: Ralf Scrampton on February 5th 2015 at 13:12:59
Message Thread
- how would you define being fit in this case (Other Football) - ghostof barry butler, Feb 5, 12:22:39
- So ?3m of the ?10m loan from Ashley has been used to repay a loan from Ashley (Other Football) - CauldRon, Feb 5, 12:26:10
- the ?10m loan is from Sports Direct not from Ashley himself (Other Football) - Ralf Scrampton, Feb 5, 13:12:59
- So ?3m of the ?10m loan from Ashley has been used to repay a loan from Ashley (Other Football) - CauldRon, Feb 5, 12:26:10
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