Triple O Posted January 26, 2015 Share Posted January 26, 2015 The shares don't have any value unless there is a buyer, at least down the line. For instance, the seller may value them at X now, but at less than X when they are desparate to sell in the future. What IF agreement has been reached but it falls through.The converted loans wouldn't be secured against the stadium, they wouldn't be getting interest, they would increase or decrease in value according to the value of the club. The loan holders could finish up a lot worse off. If they finished up a lot better off, than MM would have lost out by converting the loans. Finally you last sentence assumes that negotiation has already taken place to convert the loans. Just doesn't stack up that this would save time or overheads, in fact it would waste them, not least on lawyers, etc etc. It's simply not plausible, unlike those explanations put forward by alleycat and mkowls. I said it was only a theory!! These are not shares in the usual understanding as the principle owner sets their value which (for the purpose of a buyout) stays the same. If loan interest was in place this could be linked to that value if the takeover collapsed or became protracted. Unless interest is paid annually by separate agreement. Only saying that this may have been a short term arrangement due to the deal going through soon. Theory nor ITK. Link to comment Share on other sites More sharing options...
Davidioso Posted January 26, 2015 Share Posted January 26, 2015 Now much are we talking here? 350k ? Link to comment Share on other sites More sharing options...
Davidioso Posted January 26, 2015 Share Posted January 26, 2015 Money2.gif are you the guy who did dave jones and reda johnsson in the jeep? another classic Link to comment Share on other sites More sharing options...
Chairboy Dan Posted January 26, 2015 Share Posted January 26, 2015 Excuse me for dropping into this discussion on the 42nd page, I may be completely out of the loop... But I would guess that SWFC Ltd made losses of more than the allowed £3m in the 13/14 season, and MM had to cover the shortfall, which under the Championship FFP rules must be done with equity investment and not loans. Losses for 12/13 season were about £3.7m (although acceptable losses were £4m that season). Assuming Wednesday made roughly the same losses in 13/14, an equity investment of c. £800k fits perfectly. The sanctions were handed out in December, so an equity investment in late November is the right timing. Link to comment Share on other sites More sharing options...
Arthur Bach Posted January 26, 2015 Share Posted January 26, 2015 MM sticking for 30 mill he wont drop further. You were wrong about previous fakeovers so enough rubbish already. Link to comment Share on other sites More sharing options...
southportdc Posted January 26, 2015 Share Posted January 26, 2015 Excuse me for dropping into this discussion on the 42nd page, I may be completely out of the loop... But I would guess that SWFC Ltd made losses of more than the allowed £3m in the 13/14 season, and MM had to cover the shortfall, which under the Championship FFP rules must be done with equity investment and not loans. Losses for 12/13 season were about £3.7m (although acceptable losses were £4m that season). Assuming Wednesday made roughly the same losses in 13/14, an equity investment of c. £800k fits perfectly. The sanctions were handed out in December, so an equity investment in late November is the right timing. Well this seems sensible. And ruins our takeover thread. BOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO Link to comment Share on other sites More sharing options...
McRightSide Posted January 26, 2015 Share Posted January 26, 2015 Excuse me for dropping into this discussion on the 42nd page, I may be completely out of the loop... But I would guess that SWFC Ltd made losses of more than the allowed £3m in the 13/14 season, and MM had to cover the shortfall, which under the Championship FFP rules must be done with equity investment and not loans. Losses for 12/13 season were about £3.7m (although acceptable losses were £4m that season). Assuming Wednesday made roughly the same losses in 13/14, an equity investment of c. £800k fits perfectly. The sanctions were handed out in December, so an equity investment in late November is the right timing. BAN HIM Link to comment Share on other sites More sharing options...
shandypants Posted January 26, 2015 Share Posted January 26, 2015 I love the gif. Pharrel looks cool with the leather jacket and chain but put a white man's head on it and it looks like DelBoy. Link to comment Share on other sites More sharing options...
nevthelodgemoorowl Posted January 26, 2015 Share Posted January 26, 2015 HERE ARE THE JOURNO RESULTS... ALLEYCAT 1-0 LOCAL JOURNOS Link to comment Share on other sites More sharing options...
Sonny Posted January 26, 2015 Share Posted January 26, 2015 That's interesting Chairboy... especially to those folks who've been calling Milan a liar re debt/equity. Link to comment Share on other sites More sharing options...
trevdi9 Posted January 26, 2015 Share Posted January 26, 2015 I like these threads o o o so much ,will omit the fishy puns though as the thread might get shifted Link to comment Share on other sites More sharing options...
nevthelodgemoorowl Posted January 26, 2015 Share Posted January 26, 2015 Have Kip per this afternoon Trev; I'll wake you when it's all over ! Link to comment Share on other sites More sharing options...
trevdi9 Posted January 26, 2015 Share Posted January 26, 2015 Link to comment Share on other sites More sharing options...
adamnich Posted January 26, 2015 Share Posted January 26, 2015 I miss the one where they are all dancing in a club. Anyone know what thread that is on? Link to comment Share on other sites More sharing options...
Guest conisbrough Posted January 26, 2015 Share Posted January 26, 2015 The large number of shares created and timing is another indication that "something is happening". Would be surprised if we do not have new owner soon. Alleycat's original reasons for issuing shares are accurate and point about conversion of loans to capital also relevant. The unusual number of shares is to ensure that when any payment handed over each of the parties receives appropriate share of funds. Looks a done deal, and now probably awaiting football league ratification. Link to comment Share on other sites More sharing options...
theowlsman Posted January 26, 2015 Share Posted January 26, 2015 I'm feeling more positive than negative. That this will be concluded soon that is. Based on looking at the limited amount of hard information available, and assessing the sum of the parts i.e. guessing Link to comment Share on other sites More sharing options...
Jazzybmzoo Posted January 26, 2015 Share Posted January 26, 2015 Excuse me for dropping into this discussion on the 42nd page, I may be completely out of the loop... But I would guess that SWFC Ltd made losses of more than the allowed £3m in the 13/14 season, and MM had to cover the shortfall, which under the Championship FFP rules must be done with equity investment and not loans. Losses for 12/13 season were about £3.7m (although acceptable losses were £4m that season). Assuming Wednesday made roughly the same losses in 13/14, an equity investment of c. £800k fits perfectly. The sanctions were handed out in December, so an equity investment in late November is the right timing. Looks like we got ourselves a sense-talker here, boys. Link to comment Share on other sites More sharing options...
Hicktonshatrick Posted January 26, 2015 Share Posted January 26, 2015 There are those that know and there are those who dont know and there are even those that dont know that they dont know. Link to comment Share on other sites More sharing options...
Road Runner Posted January 26, 2015 Share Posted January 26, 2015 Excuse me for dropping into this discussion on the 42nd page, I may be completely out of the loop... But I would guess that SWFC Ltd made losses of more than the allowed £3m in the 13/14 season, and MM had to cover the shortfall, which under the Championship FFP rules must be done with equity investment and not loans. Losses for 12/13 season were about £3.7m (although acceptable losses were £4m that season). Assuming Wednesday made roughly the same losses in 13/14, an equity investment of c. £800k fits perfectly. The sanctions were handed out in December, so an equity investment in late November is the right timing. Makes sense. Well that's the rumour/speculation/takeover/millions to spend moment done then. Ta Link to comment Share on other sites More sharing options...
dowls Posted January 26, 2015 Share Posted January 26, 2015 Makes sense except it was filed in late November and not put into action till now Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now