guest1269
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« on: July 03, 2021, 13:02:12 pm » |
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Personally I think, right or wrong it’s just another dig at the motives of KT - it achieves nothing, says nothing that we didn’t already know and the sentence mentioning not converting debt to equity states the obvious - at this stage in the (admittedly long drawn out) process do the trust or indeed any fans with an ounce of financial knowledge expect KT and DB to write off “debt” Also mentioning they have now agreed to fund the West stand with their own money & shock horror it would increase the “debt” to £9-10 million - whilst I’m certainly not going to say I’m happy with KT & DB holding all the cards as ultimately no owner is going to buy the club and cover the debt so the options are they sell and write it off or put the company into administration and still lose their money - I’m at a loss to understand what the trust actually expect financially from an in situ owner. This isn’t an antitrust missive but I don’t understand their objective here - my wish is simple KT and DB honour their commitment on completing the East stand, they get their land deal and either sell the club free of debt or continue as owners with a plan for further concrete development plans.
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