G+H, and the coming months..

[The walters step over]

Having read through the financial/takeover threads I've got to confess I'm still no closer to understanding our situation, could someone that knows about finances please answer questions like:

 

What happens if they can't repay RBS in the summer, does the bank take us over and then sell to the highest bidder?

 

Why are G+H taking it so close to the wire (if they knew that they can't afford the repayment), were they waiting for the new t.v. deal to try to up their price?

 

Presumably, they don't have the spare cash to repay the bank or they would have already done so - or is that a wrong way of looking at it?

 

Could it have not been possible for Moores to put a "run in a fit and proper manner" clause into the contracts when he sold the club enabling him to re take control if they failed to deliver on their promises? Obviously, he didn't but could he have done?

 

Sorry if these are simple questions but I genuinely don't understand why they turned down the Dubai deal and have been acting in the way that they have. It can't be as simple as they are a couple of greedy b*stards, they must have had a clear plan of action in mind when they took the club over surely?

[honourablegeorge]

What happens if they can't repay RBS in the summer, does the bank take us over and then sell to the highest bidder?

 

Possibly, but unlikely - neither party would really want it to get to that stage, so some sort of sale is more likely

 

 

Why are G+H taking it so close to the wire (if they knew that they can't afford the repayment), were they waiting for the new t.v. deal to try to up their price?

 

Presumably, they don't have the spare cash to repay the bank or they would have already done so - or is that a wrong way of looking at it?

They wouldn't evr have had any intention of repaying the loan, at least not in the sort term. They'd refinance the debt and continue paying the interest on the loan(s), until the stadium was finished, then the increased revenue (theoretically) would pay off the interest and, in time, the money owed.

 

Could it have not been possible for Moores to put a "run in a fit and proper manner" clause into the contracts when he sold the club enabling him to re take control if they failed to deliver on their promises? Obviously, he didn't but could he have done?

 

Not really practical.

[Marvin]

Where is FYDS when we need to be reassured that everything is for the best in this, the best of all possible worlds?