Cereal Killer wrote: ↑Mon Feb 26, 2024 12:03 am
Not sure you appreciate our fuck off massive debts. Just the major players, before any interest (which is pretty excessive):
£200m Image & Rights Media
£140m MSP
£190m 777
Moshiri wants at least £500m
Then whatever stadium funding still required
A billion doesn’t get you very far at all
Pretty sure your figures are slightly out.
Not sure total for R&MF but MSP I thought was a little bit lower (£130m) and 777 is I believe a facility up to around 150m of which we have used around £120m.
The thing is moshiri isn’t getting anywhere near £500m and leaving the debt behind. he will be lucky to get £300.
The 777 money is basically an advance so if the deal is done it will come out of what moshiri recieved. If/when it doesn’t succeed against moshiris equity. So for arguments sake he gets 500m he will need to pay 777 back with it.
It’s about 100-150m to finish of stadium.
So you are looking somewhere in this region
500m to moshiri but he pays back 777 out if that
200m to R&MF
150 MSP
150 to finish stadium.
There is your £1b that gets you a practically debt free premier league club with a 5-750m asset in the new stadium. That’s if you can’t negotiate moshiri to either take a lot less or pay the debt off himself. And that’s before you sell the naming rights to BM.
When you talk about £1b it sounds crazy for the current position we are in. But in reality a huge chunk of that is a brand new stadium. Which is going to have multiple revenue streams and help drive the asset of the club forward. That’s not a terrible deal tbh.
