by Snowflake Royal »
13 Jan 2024 22:05
grey_squirrel tmesis grey_squirrel
What I don't understand is why he doesn't accept an appropriate offer now, which will include him as the primary secured creditor and run with that. Liquidation will mean he loses everything.
As the main creditor, he'd be first in line when the assets get sold off.
Whether he'd get more liquidating than a potential buyer would offer is a different matter.
If he kept us limping along on the bare minimum he'd get his £1 million rental fee every year, but it'd take a good few years for that to add up to significant sum.
The 'Club' is worth effectively nothing in comparison (especially right now). The Stadium is only relevant if it could generate income. Would it? Who would want it/want to use it regularly? £1M rental fee or whatever is a pie in the sky figure therefore. He could be done with it all and sell it back to the Thais who own the vicinity. What then, demolition? Nice new, shiny rail station on the doorstep. Prime, sort after real estate opportunity?........
Whilr RFC exists, the stadium is protected as a Community asset, and the community has the right to block any sale for a period and try to buy it themselves.
No football club, what's the point. Personally I don't see the land being worth much for redevelopment. Dai might think he'll get more liquidating and selling of the Madejski and Bearwood for development than as a L1/2 club.
We know he's a oxf*rd.