The Ips**t deal.

So I did some digging using the little bits of info and rooooomers that are out there.
It doesn't look great.
Looks like a medium term flip based on the fact crowds and revenues will be back by the end of the year.
I think they see value because clearly it's a distressed and badly run business but does have the potential to attract 20k plus crowds.
They are def getting a bargain price and might actually be self financing. (Using the clubs income to pay for the purchase!)

To be honest it looks a s**tty deal but the alternative is ME calls in his loans and does a fire sale.
I don't think this helps the club in the long term untill they can get real owners in who are willing to invest.

Posted By: usacanary, Feb 27, 15:21:32