Thu May 31, 2012 4:44 pm
Forever Blue wrote:TheMortgageAdvisor wrote:Out of this £70 million, isn't Sam owed £24m? but willing to accept £10m?
This would then bring the overall debt down to £46m of which we are led to believe that VT is owed £40m
If that is the case then it makes perfect sense to pay off Sam at £10m. So what is stopping them?
Is it that they also need an agreement from PMG to buy out there shares and debt, before committing to Sam?
If I am honest the debt is nearer £80 mill than £70 mill and yes your right the debt would come right down if the VT/TG paid the £10 mill of in one go to Sam. The club needs to sort out its monthly loses now as well.
Fri Jun 01, 2012 12:48 pm