LongsightM13
Well-Known Member
So American big money sticking its nose into our game again and trying to impose the franchise model by stealthJust under half their debt is owed to Goldman Sachs. The story now doing the rounds is that the bank will insist on a sale of the club and its conversion to a PLC. Under the Spanish rules, the price of the shares is fixed by a formula with reference to the net debt. This would enable the club to reduce its debt by about 55%. This is why Laporta went into detail about the amount of negative equity in his financial revue. Looks like the end of member ownership.