Well no he quoted page 3 of the bond articles that as it doesn't say moonstone isn't a hedge fund that's proof.
You make some stupid comment to support him quoting an automotive firm. Moonstone is a financial institution regulated by Maltese law of that there is no doubt.
Just found your defence of him and quoting an automotive firm odd.
As long as they serve the interest payments on the existing bond scheme; there will be other investors readied to invest in another bonds issue in seven years' time. If they have excess revenues, the bond need raise a smaller sum next time - so the £35m can be repaid in a mix of cash plus new bond scheme. They could - provided they're paying the interest - spin this wheel three of four times to pay the sum down to zero. this wouldn't be a term that different to a commercial mortgage on borrowings of this size in any case
I could never understand why so many people didn't see an issue with repaying the bond. You had a rugby club losing millions and a arena losing millions and the majority of people seriously thought it wouldn't be a problemSage assessment, dear chap.
I could never understand why so many people didn't see an issue with repaying the bond. You had a rugby club losing millions and a arena losing millions and the majority of people seriously thought it wouldn't be a problem
Sage assessment, dear chap.
He was such a condescending verbose c**t.
Two questions that puzzle me about sisu and the sale to King.
1. How much was the sale for?
2. Why did Sisu not sell Vic and Gus before transferring the ownership to Doug as in effect they left 35 million behind and that is not consistent with the behaviour of asset strippers.
On point 2. Sisu would never have realised £35m.Two questions that puzzle me about sisu and the sale to King.
1. How much was the sale for?
2. Why did Sisu not sell Vic and Gus before transferring the ownership to Doug as in effect they left 35 million behind and that is not consistent with the behaviour of asset strippers.
Absolutely this....the run from Feb, play off semi final games plus wembley added massive value to them both. I'd bet that sisu would have thought Gyok 12 and Hamer 7 as very best, when discussions startedOn point 2. Sisu would never have realised £35m.
I would guess that the due diligence process for taking ownership of the club started before Xmas. So DK might have insisted on those players being in place at the point of ownership transfer.
There wasn’t a handy transfer window to allow a sale of players.Two questions that puzzle me about sisu and the sale to King.
1. How much was the sale for?
2. Why did Sisu not sell Vic and Gus before transferring the ownership to Doug as in effect they left 35 million behind and that is not consistent with the behaviour of asset strippers.
In the January?? UmThere wasn’t a handy transfer window to allow a sale of players.
Two questions that puzzle me about sisu and the sale to King.
1. How much was the sale for?
2. Why did Sisu not sell Vic and Gus before transferring the ownership to Doug as in effect they left 35 million behind and that is not consistent with the behaviour of asset strippers.
Though the grapevine says that those who majority funded the bond were behind the proposed rescue plan that the Board turned downThe people who bought it were greedy as at the time the returns were massive compared to bank interest and probably thought if anything goes wrong we have the arena to sell, but probably hadn’t thought who would want it.
On point 2. Sisu would never have realised £35m.
I would guess that the due diligence process for taking ownership of the club started before Xmas. So DK might have insisted on those players being in place at the point of ownership transfer.
Apparently it was to pay off a debt from SISU to King.3. Why did he buy it?
If they had there would have been less value in the club and not enough to square their debts with King. As above he likely insisted on keeping them.Two questions that puzzle me about sisu and the sale to King.
1. How much was the sale for?
2. Why did Sisu not sell Vic and Gus before transferring the ownership to Doug as in effect they left 35 million behind and that is not consistent with the behaviour of asset strippers.
King had already taken over in January.In the January?? Um
Two questions that puzzle me about sisu and the sale to King.
1. How much was the sale for?
2. Why did Sisu not sell Vic and Gus before transferring the ownership to Doug as in effect they left 35 million behind and that is not consistent with the behaviour of asset strippers.
If it is true that the sale of the club by SISU to King was to pay off a debt owed? They could hardly do that by handing over an asset stripped shell. I suspect the value of the club was less than the debt but contained enough potential for King to accept it.
Because this financially astute business man thought he had secured the ground as well !3. Why did he buy it?
If it is true that the sale of the club by SISU to King was to pay off a debt owed? They could hardly do that by handing over an asset stripped shell. I suspect the value of the club was less than the debt but contained enough potential for King to accept it.
Course but it was coming when sisu ownedKing had already taken over in January.
Because this financially astute business man thought he had secured the ground as well !
Course but it was coming when sisu owned
I think lots of mistakes were made but I genuinely think that Joy recognised that in order for the club to progress she needed to move on
Leaving when she did gave the person who took over a real opportunity and this was a good thing
She agreed HOT with William Storey - she was desperate
Did she?She agreed HOT with William Storey - she was desperate
Pretty sure he said they didn’t have their ducks in a row.Interesting.
Didn't he say the reason he didn't get involved with a stadium bid earlier is they "hadn't really considered it" or something similar.....
Certainly struck me as odd/bullshit/incompetent at the time.....
The debt was internal debt. Arvo and Sisu Master Fund. There is nowhere in the accounts that suggest there was any debt owed to him at all within Otium.
It is not true - end of this silly story
Did she?
Has anybody said the money owed was from Otium? It is just something people have said. But like most rumours on here I take with a large pinch of salt
It might be a silly story? But my main point is still valid regarding the sale of players. Why would he have wanted to buy an asset stripped shell?
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