Yeah, I mean the banks as they own most of the debt

If they agreed to a debt-for-equity deal then that would mean a renegotiation and I guess we don't really hold a strong hand... They'd have to think the equity would be a good deal (or at least better than us defaulting, which the club have always insisted we aren't in danger of doing) and who knows what the equity is worth right now. I don't know exactly how it worked for the Shite. If you're talking about Evans then he now owns the debt (?30+m?) although I'm not sure in what form.

Posted By: BerlinCanary, May 13, 22:02:19