But you need to get at least 75% approval
Might flush out the large investors tho ? 🤔
That sounds like the Trustees thinking
They need a Receiver to really manage the debt and asset
I would need to reread the prospectus but I don't think the bondholders as a class have a way to directly do what you suggest. There is convoluted route to follow.
Does not alter the debt if bonds sold for1p still £35m owed
There is misconception that the default automatically puts the stadium in bondholders hands