Jim Levenstein
Manager
- Joined
- Jan 23, 2014
- Messages
- 2,408
@TheTowersI heard it was Sheik En-Vaarque.
@TheTowersI heard it was Sheik En-Vaarque.
Let's just say it's some kind of Sultan/Sheik.I heard it was Sheik En-Vaarque.
Let's just say it's some kind of Sultan/Sheik.
Sultan Vinegar?
So is it just rumour that money has poured in from somewhere to clear debts or a known fact? Not doubting anyone's info, I've obviously just missed out on the details probably due to spending too much time refreshing the 'whos it going to be' thread..
Having trouble crossing the t's.
Lazy.
What cash injection is this thread referring to? I must have missed something!
We know rob has been talking to the council about them renting the flats to be built on roots hall with the council taking ownership after 25 years.
This wouldn’t (I assume) be possible while there are charges on roots hall. Is Ron cleaning things up help this process?
T
The only charges against RHL relate to Citizen Housing who are working with the council on this, so I see some merit in this post.
Ok, so huge speculation as to the reason for this... is there a consortium? Has Ron sold all or part of his stake?
In my opinion, no.
The reasons for this sudden cash injection might actually be even more exciting... it indicates to me that we might be finally ready to start getting serious re the new stadium.
When you are dealing with a local authority and big developer, they will not want to be dealing with companies that are indebted up to the hilt. Ron won't want to give personal guarantees, so it's my guess that the shareholders of the companies concerned have cleared any outstanding debts so that the companies are "clean" and available for the debentures and facilities that will be needed to bankroll a new stadium and retail park/hotel/casino whatever.
I reckon it's a coincidence and nothing to do with the manager.
I have no inside info on it, just guessing.
Its simple, just look at the crystal clear accounts :) You see SEL UK own about 70% of SUFC. SUFC is a subsidiary of SEL UK and SEL UK owe Roots Hall about £9million. SEL BVI is the off-shore subsidiary of SEL UK and Roots Hall owe SEL BVI about £7 million. All thees companies are connected with Martin Dawn PLC and Mezcal Investments (another off shore company who own 50% of SEL UK and their subsidiaries). Variously SEL UK, SUFC and Roots Hall have leveraged debt against their assets namely land and football club revenue around the Roots Hall estate. Some of those loans have been paid off (Sainsburys et al) other charges have recently been secured with Citizen Housing - controlled by Rons son :) Another name in the frame is Topland who are also very fond of the British Virgin Islands :)
You see it really is such a simple and perfectly tax complaint set up