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That can represent 90% of the threads on here 2bh

Isn’t CCFC part of an investment fund? Therefore not the only part of a particular fund. wouldn’t it only be a loss if the entire fund was losing money?

The 60m quoted is the legacy debt that was bought for £1 - it’s a figure that’s there just to stop hostile takeovers. They’ll always control an Admin situation as they remain major creditor buy Otium for 20m, the money they’ve put in. SISU then liquidate SBSL

How much is SISU debt and how much is legacy debt? Could Ashley buy Otium for £20m then SISU Put SBSL in admin and finish that company? the golden share is in Otium

Little bit harsh, and even if that happens we’d end up with some SISU underling

I still stand by the quieter SISU remain the better

I’d like to know if we can access the good changing room yet

This is why I can’t believe Ashley isn’t interested. We’re allegedly leaving in 8 years time. If we do - what’s the point of the arena? Seems a bigger gamble than Ashley is usually known for

Is there a potential that Ashley sees a quick flip? if he gets the arena at a nominal figure, he’s cleared the debt, and can sell the arena off for more than he paid?

Unless Mike Ashley hes the only bidder. There was clearly interest but most were awaiting admin

That’s interesting - taking the piss or legit?

Can this thread be re-named the Mike Ashley Takeover Thread?

I mean they said there’s no contact between SISU and Ashley…. Never mentioned contact between Ashley and Boddy/Fisher

Have you worked in retail? That’s not limited to Sport Direct

He did, I don’t see what he gets out of paying that though

SISU aren’t going to put us into admin when the majority of the debt is to themselves

Exactly. assume we’ll be sold to Ashley until SISU say otherwise. Didn’t overson tweet 1 step backwards 2 steps forward - I’d hazard a guess we’re in the 1 step backwards part. the rumoured Hoffman “good news by Christmas comments” let Ashley complete the ACL sale, then he’ll move onto us

The difference being that back then, they still had many potential future avenues to explore. I am really not so sure that is the case today, presuming MA secures ownership of the arena (which seems very likely) it won’t be with the aid of a risky bond holders deal. It will be with an all angles...

I can’t, I’d imagine he’s offered maybe 20p in the £ and the trustee has accepted, couldn’t raise the funds to market and therefore best deal they could get