Refinancing the loan/Stadium

[Ed the Wool]

Just wondered if anyone had considered or had any insight into what happens IF G & H can't refinance?

 

I think I read somewhere the club goes to RBS, the current lender. Is that correct? Does that class as administration, or do they just take control?

 

If it were to go to RBS, would they look be looking for a profit on their loan, or could someone buy the club at the same price, or even a lower price?

 

Be interested if anyone has any info?

[magneto]

Logic would suggest that if they can't make a good enough return on their investment based on the refinancing then they would be silly not to sell for a profit.

[Ed the Wool]

So they'd flog it before 28th Feb..... Which puts a buyer in the driving seat basically?

[magneto]

NYR would be best suited to the thread. But I feel that if they can't raise enough funds to do the basic things to get a good ROI then their only hope would be to sell the club off for a good profit.

[Ed the Wool]

NYR would be best suited to the thread. But I feel that if they can't raise enough funds to do the basic things to get a good ROI then their only hope would be to sell the club off for a good profit.

 

Cheers.

 

But if they can't refinance their loan, it won't be theirs to sell. So they'll be backed into a corner.

 

I'm not sure if it would work like a bankruptcy, where the receivers only have to get a fair price for an asset. Was hoping the might be someone with a bit of corp finance experience who might know.

Thanks though.

[passater]

If the loan is performing - i.e. all interest payments are up to date and all other covenants (conditions) are complied with, then there is no reason why RBS would not extend the term. They would likely charge a hefty fee for the pleasure and might also increase the margin charged on the loan seeing as market conditions have changed.

[Ed the Wool]

If the loan is performing - i.e. all interest payments are up to date and all other covenants (conditions) are complied with, then there is no reason why RBS would not extend the term. They would likely charge a hefty fee for the pleasure and might also increase the margin charged on the loan seeing as market conditions have changed.

 

The interest rates essentially. I'm guessing it'll have been performing so far. It would leave us in limbo re the stadium, players and probably mean the end of Rafa. f*** thats dire!

 

I guess I was half hoping their hand would be forced. Even though we have no idea what a new buyer would be like. Crazy.

[gazza]

I'm amazed that more isn't being made of this in the press to be honest. If they put their Benitez agenda to 1 side and did some proper journalistic research they'd have a bigger lead story would they not?