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Yeah, When you put it like that. (puts beer back in fridge).

Or, since it looks like the deal hasn’t been finalised (just agreed) MA might have to pay SISU a lot more …..

Be a laugh if he was a major Bondholder. You never know.

I wonder if he’ll rename the stadium? Something fitting with it being an old power station? King Power? Oh. Hang on.

Time we “Doug” this out:

Apparently he made his money Doug-king and Diving. TOP THAT.

It’s hard to actually know when there’s a group structure. Often lots of internal charges and movements mean / tax / profit / loss for one component is hard to identify

It’s all a bit wrong. Rant over.

Trying to get secured creditors to accept less than their held value has such an echo. SISU wanted to get (Co-op?) bank to accept less than owed. This is at a time when banks are being bailed out. Who ends up on the hook? Now the same is happening to this US bank. Bondholders will end up on...

The timing, the silence from SISU, MR & Fadz both talking up the squad value and need to unite stadium and team, awkwardness of the Council and “turning down” of bailouts by Richardson, hints from Wasps kitman, all fits the narrative you ascribe. Still feels dirty - a pre planned stitch-up of...

Yep. Posted that on here yesterday myself

All feels a bit dirty. Anyone think we could have MA owning the Arena with Richardson, Richardson controlling Wasps2 at the Arena, SISU getting bought out and MA owning CCFC and it all being planned months ago? Bondholders stiffed Small unsecured creditors stiffed HMRC stiffed and us...

That equates to about £30m for 100% of stadium and other bits and bobs valued at £50m plus? Ingnoring the BS dilapidations figure, is that too high?

If the exclusivity expires and a hugely better offer comes on the table, Richardson would be in a pickle if it was turned down and he himself ended up in a better position (if the business then goes pop) HMRC wouldn’t like that.

Is Richardon / Wasp Group somehow the biggest creditor?

Legal fees “to ensure best outcome for creditors”

But with the notice to appoint being spent is there a way of another party appointing an alternative administrator?

Yes, my thoughts all along were that the lease was secure in the same way that a bank / mortgage / debenture / commercial premises works. The trustee (bank) has preference and the proceeds go there and on to the bondholders. Some on here suggested that somehow that is beIng circumnavigated.

Having thought about this it strikes me that the best thing that the Bondholders can do is try to enforce that the Trustee holds out for liquidation. The trustee has a fiduciary duty to the Bondholders. However, the Trustee seems to be some kind of US Bank and there are complex looking rules wrt...

I remember when we signed him thinking “this guy was wanted by Liverpool” https://www.tribalfootball.com/articles/liverpool-planning-bid-preston-prospect-barton-1360731 £5m. Unbelievable