Rags in financial trouble?

Prestwich_Blue said:
Update on this:

They have to make the next interest payment on February 1st, not April or June as was originally thought. That means they've got 2 weeks to come up with £20m that they haven't currently got.

Well they have £500k from Everton once the empties have been processed.......
 
Prestwich_Blue said:
Update on this:

They have to make the next interest payment on February 1st, not April or June as was originally thought. That means they've got 2 weeks to come up with £20m that they haven't currently got.

Selling a few fringe players and hoping for a bid for berbaflop from PSG could cover it
 
Prestwich_Blue said:
Update on this:

They have to make the next interest payment on February 1st, not April or June as was originally thought. That means they've got 2 weeks to come up with £20m that they haven't currently got.

Is there a Lottery rollover coming up?

They could always sell Rooney.
 
Prestwich_Blue said:
Update on this:

They have to make the next interest payment on February 1st, not April or June as was originally thought. That means they've got 2 weeks to come up with £20m that they haven't currently got.

What are the consequences of them not making this payment?
 
salfordblues said:
Prestwich_Blue said:
Update on this:

They have to make the next interest payment on February 1st, not April or June as was originally thought. That means they've got 2 weeks to come up with £20m that they haven't currently got.

What are the consequences of them not making this payment?

I think that means all the debt becomes repayable or they forfeit whatever was used as surety for the loans?
 
salfordblues said:
Prestwich_Blue said:
Update on this:

They have to make the next interest payment on February 1st, not April or June as was originally thought. That means they've got 2 weeks to come up with £20m that they haven't currently got.

What are the consequences of them not making this payment?

Aguero gets sent off in the following game.
 
salfordblues said:
Prestwich_Blue said:
Update on this:

They have to make the next interest payment on February 1st, not April or June as was originally thought. That means they've got 2 weeks to come up with £20m that they haven't currently got.

What are the consequences of them not making this payment?
Not 100% sure. I'd need to look at the Bond Prospectus document to see if there were any penalties for default but at the very least it would be a massive, massive embarrassment for them. One impact would be to hugely reduce any price the Glazers could get for them as any attempt at a sale would be seen as a fire sale.

They absolutely have to make this payment or face a critical blow to their credibility. They should be OK for the next one in August as they'll have enough cash then but they'll probably have to sell someone decent to top up the bank account to avoid a repeat next February.
 
Prestwich_Blue said:
salfordblues said:
Prestwich_Blue said:
Update on this:

They have to make the next interest payment on February 1st, not April or June as was originally thought. That means they've got 2 weeks to come up with £20m that they haven't currently got.

What are the consequences of them not making this payment?
Not 100% sure. I'd need to look at the Bond Prospectus document to see if there were any penalties for default but at the very least it would be a massive, massive embarrassment for them. One impact would be to hugely reduce any price the Glazers could get for them as any attempt at a sale would be seen as a fire sale.

They absolutely have to make this payment or face a critical blow to their credibility. They should be OK for the next one in August as they'll have enough cash then but they'll probably have to sell someone decent to top up the bank account to avoid a repeat next February.


60 million for Cleverly?
 

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top
  AdBlock Detected
Bluemoon relies on advertising to pay our hosting fees. Please support the site by disabling your ad blocking software to help keep the forum sustainable. Thanks.