Nero Posted September 29, 2021 Share Posted September 29, 2021 46 minutes ago, CircleSeven said: 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. Agree re the agreement. The company though is actually a single solicitor called Nigel Weiss with few assets. I know solicitors are wealthy but they normally dont have £6m lying around. He is also a director of a company called Tactica Sports. There are a few more likely candidates on there - especially the two Americans who own a tech company in California - that might have privately contributed to getting the funds together. https://companycheck.co.uk/company/07891726/TACTICA-SPORTS-LIMITED/companies-house-data Chansiri will be paying a huge premium for getting access to funds this way. Shows the level of desperation. 3 Link to comment Share on other sites More sharing options...
WalthamOwl Posted September 29, 2021 Share Posted September 29, 2021 Hope to God Chansiri pays it. Do I think he will pay it on time? Very doubtful. Link to comment Share on other sites More sharing options...
CircleSeven Posted September 29, 2021 Share Posted September 29, 2021 4 minutes ago, Nero said: Agree re the agreement. The company though is actually a single solicitor called Nigel Weiss with few assets. I know solicitors are wealthy but they normally dont have £6m lying around. He is also a director of a company called Tactica Sports. There are a few more likely candidates on there - especially the two Americans who own a tech company in California - that might have privately contributed to getting the funds together. https://companycheck.co.uk/company/07891726/TACTICA-SPORTS-LIMITED/companies-house-data Chansiri will be paying a huge premium for getting access to funds this way. Shows the level of desperation. The fees behind this loan will definitely be high for sure. In property terms £6.4 million isn’t that big a sum really. But the set up fees and interest will be pretty eye watering compared to a domestic mortgage. Link to comment Share on other sites More sharing options...
Popular Post Plonk Posted September 29, 2021 Popular Post Share Posted September 29, 2021 Why didn’t he just go to the co op bank....we’ve always had a good relationship with them 1 13 Link to comment Share on other sites More sharing options...
mcmigo Posted September 29, 2021 Share Posted September 29, 2021 Due same day as the September wages. 4 Link to comment Share on other sites More sharing options...
Rotherham Owl Posted September 29, 2021 Share Posted September 29, 2021 10 hours ago, Suzuki_San said: Who is the lender? 10 hours ago, S36 OWL said: New Avenue Projects Limited No they are not, they were the loan facilitator not the lender. The Lender's name is not listed. 2 Link to comment Share on other sites More sharing options...
heppers Posted September 29, 2021 Share Posted September 29, 2021 5 minutes ago, Rotherham Owl said: No they are not, they were the loan facilitator not the lender. The Lender's name is not listed. So why would they have a charge registered in their name? 1 Link to comment Share on other sites More sharing options...
Rotherham Owl Posted September 29, 2021 Share Posted September 29, 2021 9 minutes ago, heppers said: So why would they have a charge registered in their name? On behalf of the unnamed lender. Look at the New Avenue's accounts it doesnt have and never has had the money to lend. Also google the deal it says that New Avenue were the facilitator not the lender. 1 Link to comment Share on other sites More sharing options...
Popular Post Hootsman Posted September 29, 2021 Popular Post Share Posted September 29, 2021 Thanks for posting this. I was still in a good mood from the win last night and really needed something to bring me back down to earth and recommence the worry and misery that is so often associated with supporting Wednesday 11 Link to comment Share on other sites More sharing options...
Owl Stork Posted September 29, 2021 Share Posted September 29, 2021 2 hours ago, mcmigo said: Due same day as the September wages. Don't worry, a payday loan secured against future wage..er......or against Hillsbor..er....OK I'm sure Chansiri has several company credit cards. 1 Link to comment Share on other sites More sharing options...
Kelfin Platz Posted September 29, 2021 Share Posted September 29, 2021 As usual, I'll just be sticking to the field of play. I can quite easily satisfy my needs to raise my anxiety levels there. As for club finances? Whatever will be, will be. Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted September 29, 2021 Share Posted September 29, 2021 3 hours ago, nbupperthongowl said: 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 How do you know the interest rate on the loan? According to chansiri this relates to a rolling debt inherited that the interest is insignificant (to him) and is a rolling deal but due to covid the lender wanted additional security hence that charge registered with co house. Probably find out in week or two when charge is satisfied and/or renewed 1 Link to comment Share on other sites More sharing options...
alanharper Posted September 29, 2021 Share Posted September 29, 2021 No worries, Chanisri must be quite flush at the moment as I've had the call to sort out my 19/20 ST refund today. 2 2 Link to comment Share on other sites More sharing options...
helmut_rooster Posted September 29, 2021 Share Posted September 29, 2021 15 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 ?? Wise business, very shrewd move Link to comment Share on other sites More sharing options...
Daniele Giovanni Posted September 29, 2021 Share Posted September 29, 2021 17 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 ?? Hope he has to give them £90m, and never comes back to Sheffield again 1 Link to comment Share on other sites More sharing options...
TheGaffer Posted September 29, 2021 Share Posted September 29, 2021 My worry has for this season always been this loan. Whatever happens happens on the pitch this year may impact us for a season, whatever happens with this can impact us for decades and worse see us lose our home. What's picked up the anxiety levels is that if he had the intention of paying, why wait til the final day? I reckon we have a rocky road ahead sadly. Hope to Waddle I'm wrong Link to comment Share on other sites More sharing options...
HIGHERSTATE Posted September 29, 2021 Share Posted September 29, 2021 2 hours ago, alanharper said: No worries, Chanisri must be quite flush at the moment as I've had the call to sort out my 19/20 ST refund today. I decided on Ifollow for the rest of the season. Sure i'm owed some money still. Feeling that this will just be swept under the carpet. Link to comment Share on other sites More sharing options...
Roscoe P. Coltrane Posted September 29, 2021 Share Posted September 29, 2021 Chansiri got his hand down back of his settee as we speak... 1 3 Link to comment Share on other sites More sharing options...
Popular Post 1867Heaven Posted September 29, 2021 Popular Post Share Posted September 29, 2021 8 hours ago, Nero said: Agree re the agreement. The company though is actually a single solicitor called Nigel Weiss with few assets. I know solicitors are wealthy but they normally dont have £6m lying around. He is also a director of a company called Tactica Sports. There are a few more likely candidates on there - especially the two Americans who own a tech company in California - that might have privately contributed to getting the funds together. https://companycheck.co.uk/company/07891726/TACTICA-SPORTS-LIMITED/companies-house-data Chansiri will be paying a huge premium for getting access to funds this way. Shows the level of desperation. Mel Morris, a Derby fan since birth, has just sent them into administration citing the club lost £20m during pandemic and refusing to bank roll them any longer…..we need to give Chansiri a break if you ask me…for the time being at least.. 8 1 2 2 Link to comment Share on other sites More sharing options...
briggowl Posted September 29, 2021 Share Posted September 29, 2021 It's all accounting jiggory pokery that he'll use to suit his and hopefully the clubs best interests!! 1 Link to comment Share on other sites More sharing options...
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