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The £6.4m loan secured against Hillsborough


ANDY
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This is up for being repaid by tomorrow (30 sept). Failure will result in Hillsborough being transferred to the loan lender. 
 

Do we think Mr Chansiri has got £6.4m to repay the loan ?  
 

If he doesn’t and the lender gets Hillsborough then he will be due £3m a year for the next 30 years. 
 

Not a bad bit of business if Chansiri doesn’t cough up. Instead of getting his £6.4m back he will be trousering the best part of £90m

 


 

Thoughts ?? 

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1 minute ago, ANDY said:

This is up for being repaid by tomorrow (30 sept). Failure will result in Hillsborough being transferred to the loan lender. 
 

Do we think Mr Chansiri has got £6.4m to repay the loan ?  
 

If he doesn’t and the lender gets Hillsborough then he will be due £3m a year for the next 30 years. 
 

Not a bad bit of business if Chansiri doesn’t cough up. Instead of getting his £6.4m back he will be trousering the best part of £90m

 


 

Thoughts ?? 

Just wait and see 

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9 hours ago, ANDY said:

This is up for being repaid by tomorrow (30 sept). Failure will result in Hillsborough being transferred to the loan lender. 
 

Do we think Mr Chansiri has got £6.4m to repay the loan ?  
 

If he doesn’t and the lender gets Hillsborough then he will be due £3m a year for the next 30 years. 
 

Not a bad bit of business if Chansiri doesn’t cough up. Instead of getting his £6.4m back he will be trousering the best part of £90m

 


 

Thoughts ?? 

Thoughts are a) the loan won't be repaid but rolled over for another year and b) the lender won't get Hillsborough.

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I’d be surprised if there wasn’t some agreement to roll over the loan if it isn’t paid. The types of companies who lend on this basis aren’t normally interested in actually seizing the asset and then getting into a fistfight about collecting rent from an entity that can’t afford to pay it. As long as they get their interest they are normally satisfied. But we will see. 

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32 minutes ago, wellbeaten-the-owl said:

Thoughts are a) the loan won't be repaid but rolled over for another year and b) the lender won't get Hillsborough.

At an interest rate of 20%+??

 

So good, no risk lending really at 15%loan to value, they should be happy with this so no need to go through the pain and cost of a repossession

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