Re: The Takeover: The Minutiae
I have a probably stupid and too simplistic question which realise will probably have been covered by the lawyers with the full control issue.
Potentially if BSH receive £18.75m plus £10m for the club could they use this money to pay off the first tranche of the SCL loan £5m so they don't have any liability to SCL, the debt liability clause and charge to the club is then irrelevant and they use the remaining cash balance for the operating costs of running the club (which they have always managed to do so far)so they don't need the SCL loan anymore. They still remain as 51% major shareholders in the club. I appreciate they won't own the ground.
Sorry if to simplistic and obvoiusly don't understand the complex legal issues that work along side all of this