Overall you are correct

The deal involves swapping debt for equity.

The club, nor Delia, will be able to service those debts in absence of PL money - thus his overall majority ownership is guaranteed.

Hopefully she goes ahead of 2026. Club needs it.

Posted By: Chair_of_the_Bored on June 8th 2024 at 16:48:22

Message Thread

Our joint American owner now wants to buy a stake in Benfica! God help us (NCFC) - Thegelman, Jun 8, 10:57:49
- WW2 (n/m) (NCFC) - Bristol Graham, Jun 8, 11:44:21
- Might get some of their players or loan them our youths (NCFC) - footymadman, Jun 8, 11:24:54
  - Or might get his stake in us sold to fund it (n/m) (NCFC) - Legacy Fan, Jun 8, 11:26:33
    - Oh 😯 (n/m) (NCFC) - footymadman, Jun 8, 11:27:18
      - Oh dear. How sad. Nevermind etc (NCFC) - CWC, Jun 8, 12:33:51
        
        Saved us millions in interest payments tbf (n/m) (NCFC) - loz, Jun 8, 12:41:45
        
        Any investor could have done that (NCFC) - CWC, Jun 8, 13:21:25
- Fell out with Delia already, she reiterated the "we will never sell" (NCFC) - SenatusAcademicus, Jun 8, 11:12:35
  - 🍆 (n/m) (NCFC) - protheroe fitzgibbon, Jun 8, 11:37:57
  - Why make stuff up? (n/m) (NCFC) - Cardiff Canary, Jun 8, 11:37:01
    - Because just like the real world.... (NCFC) - usacanary, Jun 8, 14:28:52
  - Except the amount Delia/club now owe makes him… (NCFC) - loz, Jun 8, 11:16:48
    - Don’t think Delia owes him anything (n/m) (NCFC) - SimonOTBC, Jun 8, 11:36:06
      - Club does though and Delia can’t settle those debts any time soon (n/m) (NCFC) - loz, Jun 8, 11:46:50
        
        The club’s debts aren’t Delia’s though, it’s corporate law 101 (n/m) (NCFC) - SimonOTBC, Jun 8, 12:04:38
        
        Yep but he is de facto owner now the club are on the hook to … (NCFC) - loz, Jun 8, 12:07:48
        
        I would have thought that the ownership remains with those who have the most voting rights (NCFC) - The Gaffer, Jun 8, 13:02:59
        
        Equal shareholders/voting rights now no ?.., (NCFC) - loz, Jun 8, 13:05:46
        
        But if he's agreed to vote in lockstep then he's relinquished his ownership rights. (n/m) (NCFC) - The Gaffer, Jun 8, 13:19:42
        
        Only until Jan 2026 though (n/m) (NCFC) - loz, Jun 8, 13:37:23
        
        Overall you are correct (NCFC) - Chair_of_the_Bored, Jun 8, 16:48:22
        
        Inclined to agree hopefully it will be expedited (n/m) (NCFC) - loz, Jun 8, 17:48:09
        
        What about the players we sold last year? Is the debt not going down? (n/m) (NCFC) - Thegelman, Jun 8, 11:57:00
        
        Debt down as parachutes cleared a chunk … (NCFC) - loz, Jun 8, 12:04:41
        
        Thanks. I guess that’s why we sold Tzolis for £3m then and part The defender with the (NCFC) - Thegelman, Jun 8, 13:06:30
- ww2 (n/m) (NCFC) - Chris Peacock, Jun 8, 10:59:30

Reply to Message

In order to add a post to the WotB Message Board you must be a registered WotB user.

If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.