Takeover

[Pragmatist]

The financial experts on here never give up. The news that we were out of cash exactly justified the need to sell players in the window and the MSD loans spent as several suggested.
The new owners are not clearing these loans, but arranging a new term of payments. Lai is going to have to await his chunk of money. This implies they're not flush with ready cash or they're going to manage the financial side of the business. No rush for promotion more a period of stability whilst a longer term plan is set up.

Thats not what I have been told.  The new owners are clearing the MSD debt in full, using “ready cash” to do so. They’re also injecting “ready cash” to provide the essential cash flow to see us through this season (and beyond).  All taken into account in how they’ve structured the payment for the shares. I also understand that it was Lai’s request to have an uplift if promotion is achieved this season or next season, hence staggering the payments to reflect whether we receive extra TV money from being promoted. 

I’m not directly ITK but I know somebody who is.

[Woodman scoreboard]

The financial experts on here never give up. The news that we were out of cash exactly justified the need to sell players in the window and the MSD loans spent as several suggested.
The new owners are not clearing these loans, but arranging a new term of payments. Lai is going to have to await his chunk of money. This implies they're not flush with ready cash or they're going to manage the financial side of the business. No rush for promotion more a period of stability whilst a longer term plan is set up.

Thats not what I have been told.  The new owners are clearing the MSD debt in full, using “ready cash” to do so. They’re also injecting “ready cash” to provide the essential cash flow to see us through this season (and beyond).  All taken into account in how they’ve structured the payment for the shares. I also understand that it was Lai’s request to have an uplift if promotion is achieved this season or next season, hence staggering the payments to reflect whether we receive extra TV money from being promoted. 

I’m not directly ITK but I know somebody who is.

That makes sense wanting a uplift if we got promoted

[CarlosCorbewrong]

Someone on twitter said we were two weeks away from running out of cash.

[Remi_Moses]

The financial experts on here never give up. The news that we were out of cash exactly justified the need to sell players in the window and the MSD loans spent as several suggested.
The new owners are not clearing these loans, but arranging a new term of payments. Lai is going to have to await his chunk of money. This implies they're not flush with ready cash or they're going to manage the financial side of the business. No rush for promotion more a period of stability whilst a longer term plan is set up.

And thank fuck we no longer have to read “Reminomics” drivel

Reminomics is spot on.

---

Someone on twitter said we were two weeks away from running out of cash.

I told you that months ago.

[Malcolm Tucker]

Well at least Lai will walk away with £20m (less the payment to Hearn, if he makes it).  That’s a 90% loss on the reported £200m paid for the club, although I seem to recall reading a figure of £175m

That’s a hefty loss rate.  At least Lai should look on the bright side in that he did slightly better than that bookie tiT who came on here (punters advice) with all his tips of games to bet on and lost all of his £100 stake.

 That was an all time classic thread. 

In the end he threw his staking system out the window and had the lot on Liverpool to win the league at about 1/3, the week before the Gerrard slip game.

[Woodman scoreboard]

Yep me too #firesale as Derek has said either way if we don't get promoted we are kicking the can down the road on ffp either way we have to cut our cloth

[Pragmatist]

The financial experts on here never give up. The news that we were out of cash exactly justified the need to sell players in the window and the MSD loans spent as several suggested.
The new owners are not clearing these loans, but arranging a new term of payments. Lai is going to have to await his chunk of money. This implies they're not flush with ready cash or they're going to manage the financial side of the business. No rush for promotion more a period of stability whilst a longer term plan is set up.

And thank fuck we no longer have to read “Reminomics” drivel

Reminomics is spot on.

---

Someone on twitter said we were two weeks away from running out of cash.

I told you that months ago.

The caveat to that would have been “unless we raise about £10m in the January transfer window” because that would have averted the crisis. 

The auditors’ going concern comment in the last accounts made it clear that we needed to raise a lot through selling players, and we only raised £9m.  Needed to be double that across the summer and January windows.

[Remi_Moses]

The financial experts on here never give up. The news that we were out of cash exactly justified the need to sell players in the window and the MSD loans spent as several suggested.
The new owners are not clearing these loans, but arranging a new term of payments. Lai is going to have to await his chunk of money. This implies they're not flush with ready cash or they're going to manage the financial side of the business. No rush for promotion more a period of stability whilst a longer term plan is set up.

Thats not what I have been told.  The new owners are clearing the MSD debt in full, using “ready cash” to do so. They’re also injecting “ready cash” to provide the essential cash flow to see us through this season (and beyond).  All taken into account in how they’ve structured the payment for the shares. I also understand that it was Lai’s request to have an uplift if promotion is achieved this season or next season, hence staggering the payments to reflect whether we receive extra TV money from being promoted. 

I’m not directly ITK but I know somebody who is.

That makes sense wanting a uplift if we got promoted

Perfect sense, apart from the MSD payment. Would stop several millions of interest payments if it's cleared and is great if your cash rich.

[Fulham Fallout]

Someone on twitter said we were two weeks away from running out of cash.

China mentioned that on here.   I find that personally hard to believe, as if that were the case, we’d have been selling players in the Jan window which closed only 2 weeks ago. 

The club had previously said on the run-up to the window that we’d only sell players for a figure over and above the club’s valuation of players.  This to me was a sign we had sufficient cash to see us through to the Summer window, having taken out a further loan from MSD. 

When the accounts (to 30th June 2023) are made available at companies house in just over one month’s time, we will be able to see how much cash we had left in the bank from the £20m MSD loan taken out in December 2022, and therefore the rate at which it was being spent.  We should also see the amount of the further loan taken out late 2023 mentioned as a post balance sheet event.   Then we will be able to get a better understanding of how much cash we currently have.

---

Well at least Lai will walk away with £20m (less the payment to Hearn, if he makes it).  That’s a 90% loss on the reported £200m paid for the club, although I seem to recall reading a figure of £175m

That’s a hefty loss rate.  At least Lai should look on the bright side in that he did slightly better than that bookie tiT who came on here (punters advice) with all his tips of games to bet on and lost all of his £100 stake.

 That was an all time classic thread. 

In the end he threw his staking system out the window and had the lot on Liverpool to win the league at about 1/3, the week before the Gerrard slip game.

  Yep.  He broke his own betting rules by breaking his pre-set limits.  He also cheated by not deducting one of his stakes from his pool. 


I initially thought he was someone off the bored.  But he was posting identical posts on other football forums. 

Having lost the lot, he then disappeared never to be seen again.

[EastMidsBaggie]

Anyone know when it will be finally sealed and rubber stamped ? Hopefully, Patel will be putting out his vision and plans shortly.

---

Someone on twitter said we were two weeks away from running out of cash.

Not sure how true that was BUT, it's clear over the past two seasons that many of the fanbase didn't appreciate just how dire the situation with the Club was.

Possibly masked by the brilliant job Carlos and the players have done over that period ?