Where's the £4m KT said he was going to spend ?
Don’t know KTs actual specific circumstances but from personal experience I can tell you this. As a business, it is easier to put a man on the moon than raise capital from the banks when most of your assets are in another country. Given he’s based in the US, I am wondering how he would get a deal for a loan of 4 million, especially with NTFCs likely profit margin and the other investors based in China? He’s clearly intending on doing it somehow, but assuming he doesn’t have assets to cover it in the UK I’m intrigued? This post financial crisis world is a nightmare to operate in and explains how the Cardozas were able to justify using the council for their loan? They would have had more chance of getting the money off the cat than the banks.