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10 years of FIF
Well, the alleged clause that in the case of a default, Oaktree only get back their cash anyway, and any profit goes to Suning would explain the first point.What?
Oaktree will pass on 1bn equity gain because "they don't want to run a club"?
And giving 6 months extension? Are you serious?
If they dont want to run a football club - e.g. they dont have the professional managers, etc, ready to put into place, then why would they want to take over the club? They can look at plenty of other disasters in recent football history where equity was destroyed really quickly (hell look at Chelsea) as a reason NOT to
An extension - why not? It doesnt have to be long term, and it can be conditional on the sale of the club. Its no different to, if the clause above is real, a Suning default and then being sold by Oaktree anyway...