by MouldyRoyal »
07 Aug 2024 10:01
Stranded Clyde1998 Linden Jones' Tash
I'm being dense - how do we know both Chiron and Couhig are involved?
Redwood holdings 1 just has Couhig and his buddies as listed now...
Chiron own all the shares in Redwood (if my understanding of that page is correct):
link.
So Chiron own Redwood (where Couhig has been made a director). Redwood will be the company owing the club and managing it on a day-to-day basis.
This certainly seems to be the case, Chiron are the money, Couhig is the face (and probably some money). Rifkind will likely still be involved via Chiron but is not a person of significant control of Redwood who will be the owners. So unless, Couhig has bought out Chiron from Redwood we will be run sustainably but with access to some pretty deep pockets if required.
Am I correct that if Chiron had sold the 3m shares they hold in Redwood Holdings 1 Ltd, this would have had to be noted on Companies House? I don't see this anywhere.
Yes it would go on Companies House but not straight away. Therefore there is a chance that Chiron no longer owns Redwood Holdings 1 at this point in time, with this potentially being owned by a Couhig related holding company, but that doesn't make commercial sense imo.
If Couhig's consortium had replaced Chiron, then why would they buy out Chiron from an entity that doesn't yet own RFC? The only connection between RFC and Redwood is that RFC owes Redwood money. But still, buying out this entity first is simply buying the club with extra steps. If the two are separate, the more likely and simpler route is that Couhig would have his own SPV that buys the club and repays the debt to Redwood.
As such, it feels a safe conclusion to infer that Couhig is involved in the Chiron consortium now.