Takeover

[Remi_Moses]

Yes thats what bloody worries me.

Me too.  Lai could intentionally sell to the least favourable bidder, to stick his middle finger to A4A

No he couldn't. The loan documentation will have change of ownership clauses, and material adverse change clauses. Any sale will have to be approved by MSD otherwise an Event of Default occurs.

Would MSD be bothered? top priority would be the payment of loans with interest. Looking after it's own investors and it's good name comes first

MSD will have to be paid first, and thats supposed to be £28M.

Is that with or without the interest.

[Kit Kat Chunky]

Me too.  Lai could intentionally sell to the least favourable bidder, to stick his middle finger to A4A

No he couldn't. The loan documentation will have change of ownership clauses, and material adverse change clauses. Any sale will have to be approved by MSD otherwise an Event of Default occurs.

Would MSD be bothered? top priority would be the payment of loans with interest. Looking after it's own investors and it's good name comes first

MSD will have to be paid first, and thats supposed to be £28M.

Is that with or without the interest.

I don't think anyone really knows, Rem. Given the Bridging nature of the loan, I would guess that interest is withheld I.e. deducted up front, but that is a pure guess.

[Pragmatist]

No he couldn't. The loan documentation will have change of ownership clauses, and material adverse change clauses. Any sale will have to be approved by MSD otherwise an Event of Default occurs.

Would MSD be bothered? top priority would be the payment of loans with interest. Looking after it's own investors and it's good name comes first

MSD will have to be paid first, and thats supposed to be £28M.

Is that with or without the interest.

I don't think anyone really knows, Rem. Given the Bridging nature of the loan, I would guess that interest is withheld I.e. deducted up front, but that is a pure guess.

Interest wouldn’t be deducted up front, but there could well be an early repayment penalty.

[Fulham Fallout]

Would MSD be bothered? top priority would be the payment of loans with interest. Looking after it's own investors and it's good name comes first

MSD will have to be paid first, and thats supposed to be £28M.

Is that with or without the interest.

I don't think anyone really knows, Rem. Given the Bridging nature of the loan, I would guess that interest is withheld I.e. deducted up front, but that is a pure guess.

Interest wouldn’t be deducted up front, but there could well be an early repayment penalty.

An early repayment penalty is standard for any loan (other than “interest free” loans of course

[Remi_Moses]

MSD will have to be paid first, and thats supposed to be £28M.

Is that with or without the interest.

I don't think anyone really knows, Rem. Given the Bridging nature of the loan, I would guess that interest is withheld I.e. deducted up front, but that is a pure guess.

Interest wouldn’t be deducted up front, but there could well be an early repayment penalty.

An early repayment penalty is standard for any loan (other than “interest free” loans of course

Thanks, I'm concerned these takeover talks appear to be never ending. 
Not sure what is lurking in the accounts that has yet to be revealed.
Sooner it's sorted the better.

[Peachy]

I know there are NDA'S in place but I'm staggered that there hasn't been any leaks by this stage as to who the preferred party is. I remember the Burnley takeover and that was leaked well before the takeover.

[Topman]

I know there are NDA'S in place but I'm staggered that there hasn't been any leaks by this stage as to who the preferred party is. I remember the Burnley takeover and that was leaked well before the takeover.

I have to be honest, that’s my concern as well, surely we’d have rumours of people at the ground etc. although to be fair, we didn’t know it was lai until 9am of the morning it was announced. I think someone leaked something on Facebook a short while before he was announced. Some of the things I’m reading it almost seems to good to be true and I expect a hiccup. Let’s hope not. I’ve been told as much by someone it will be the Americans and they are good people

[rsbaggy2]

We are a pessimistic bunch anyway.

[Peachy]

I know there are NDA'S in place but I'm staggered that there hasn't been any leaks by this stage as to who the preferred party is. I remember the Burnley takeover and that was leaked well before the takeover.

I have to be honest, that’s my concern as well, surely we’d have rumours of people at the ground etc. although to be fair, we didn’t know it was lai until 9am of the morning it was announced. I think someone leaked something on Facebook a short while before he was announced. Some of the things I’m reading it almost seems to good to be true and I expect a hiccup. Let’s hope not. I’ve been told as much by someone it will be the Americans and they are good people

Well at least you're hearing things. I'll cling to your hope if that's ok? 

[Kit Kat Chunky]

Would MSD be bothered? top priority would be the payment of loans with interest. Looking after it's own investors and it's good name comes first

MSD will have to be paid first, and thats supposed to be £28M.

Is that with or without the interest.

I don't think anyone really knows, Rem. Given the Bridging nature of the loan, I would guess that interest is withheld I.e. deducted up front, but that is a pure guess.

Interest wouldn’t be deducted up front, but there could well be an early repayment penalty.

If its a bridge pending sale then the interest is deducted from the gross advance. Standard practice on these type of short term loans. Take your interest from the capital position, because the cashflow can't service the debt. This is why FFP is also our biggest problem.

 Nobody on here has read the actual loan documentation though, so nobody can speak with any authority.

We are all guessing, unless someone is prepared to upload the Loan Documentation Suite and share with us.