Tried saying that last night

as I see it as an exiting move away from the current model over the next couple of years. Yes, until we know for certain that it's MA buying the new shares in what is basically a Rights Issue he'll end up as the majority shareholder. As loans are sales on one of his companies balance sheets he can cash in our current loan of £65M (taken out in lieu of parachute payments) and offer the club a new one based on probably half the interest rate. That counts as income to the loaning company. He's a very successful business man so he'll have his bases covered (excuse the pun). We can then invest next years parachute payment on a rebuild of our dysfunctional squad. Presumably going forward there'll be a friendly agreement with the Socialists to gradually dilute their shareholding but with a place on the Board as long as they want it. Personally I think it's an exiting time for my club and potentially a masshussive day in our history.

Posted By: Old Splat on February 13th 2023 at 09:57:12

Message Thread

Potentially seismic day for our football club 💛💚 (n/m) (NCFC) - loz, Feb 13, 07:26:07
- Oh mine.... (NCFC) - usacanary, Feb 13, 13:43:08
- Tried saying that last night (NCFC) - Old Splat, Feb 13, 09:57:12
  - It’s not a rights issue (n/m) (NCFC) - SimonOTBC, Feb 13, 10:33:38
    - It is effectively a RI (NCFC) - Old Splat, Feb 13, 10:53:15
      - I don’t think this is a conversion event, but haven’t read the terms in ages (NCFC) - SimonOTBC, Feb 13, 11:00:41
  - Does the takeover code apply … (NCFC) - loz, Feb 13, 10:16:25
- could be MMAMOTH (n/m) (NCFC) - Bristol Graham, Feb 13, 09:23:01
  - Is that bigger than MSSAIVE? (n/m) (NCFC) - Old Git, Feb 13, 09:38:35
    - It's at least COLLOSALL (n/m) (NCFC) - Under soil heating, Feb 13, 11:25:40
- Breaking news - it won’t be (NCFC) - inutero, Feb 13, 08:35:34
  - Yeah - his focus will be similar to Delia and Michael’s I think (NCFC) - SimonOTBC, Feb 13, 10:37:03
  - Tbf he’s got the brewers punching well above their weight … (NCFC) - loz, Feb 13, 08:42:49
    - though folk need to be realistic about where 'punching above our weight' gets us (NCFC) - CWC, Feb 13, 09:47:54
- Jen from Yellows last day? (n/m) (NCFC) - LincolnshireCanary, Feb 13, 08:20:47
  - Ahh Jen, the void so hollow that you shall leave. (NCFC) - Jumbo1, Feb 13, 08:54:59
- I think it could be (NCFC) - Old Git, Feb 13, 07:55:05
- Yep (NCFC) - Cardiff Canary, Feb 13, 07:28:45

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