They may issue convertible debt at a preferential rate.
So city borrow money off them attached certain rate. They put covenants in the debt which mean that if certain conditions are met that this debt converts to equity leaving them in control. This would put immediate cash into the club, ensure there is greater ownership if, say, the gclub dont get promoted. The debt may have no interest on it and merely convert at the end of term. I too struggle to see how theyvwont want a pathway to ownership ultimately. But it may take a few years.
Posted By: fal5taff on May 31st 2022 at 15:42:08
Message Thread
- They may issue convertible debt at a preferential rate. (NCFC) - fal5taff, May 31, 15:42:08
- Can't see Delia going for that personally (NCFC) - SimonOTBC, May 31, 16:23:45
- Michael reduced to a puppet again, eh (n/m) (NCFC) - trafford_canary, May 31, 17:25:47
- No, just didn’t want to keep on typing the full name of the pair of them repeatedly (NCFC) - SimonOTBC, May 31, 20:04:01
- 😀 it's not an agenda I just find it weird how it's always Delia (NCFC) - trafford_canary, May 31, 20:18:59
- wanting to diminish Delia's role again, eh? (n/m) (NCFC) - CWC, May 31, 17:58:56
- I don't know her role but I assume it's an equal partnership (NCFC) - trafford_canary, May 31, 20:20:09
- No, just didn’t want to keep on typing the full name of the pair of them repeatedly (NCFC) - SimonOTBC, May 31, 20:04:01
- Michael reduced to a puppet again, eh (n/m) (NCFC) - trafford_canary, May 31, 17:25:47
- Can't see Delia going for that personally (NCFC) - SimonOTBC, May 31, 16:23:45
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