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No, they are not interested in it, the ground is worth say £20m.... its peanuts to those people as they are mulit millionaires, I would think they would just be happy to sell their share and go tbh.
If so, where would you prefer to play home games going forward ?
Chelsea, Fulham or Brentford ?
Truth is, they could descide to cease to trade as a football club, and sell off all assets.... with nothing to stop them!
The ground has a loan on it, secured by an offshore company which is controlled by AB and FB. They can only take posession of the ground if the covenants of the loan are broken i.e. repayments not made etc...If they wanted the ground, they'd have to buy it at market value, otherwise any liquidator / administrator would have a case against them for not acting tin the companys or the creditors interests.
Truth is, they could descide to cease to trade as a football club, and sell off all assets.... with nothing to stop them!
The ground has a loan on it, secured by an offshore company which is controlled by AB and FB. They can only take posession of the ground if the covenants of the loan are broken i.e. repayments not made etc...
Not strictly speaking true.
The FA is dutybound to protect clubs from having assets such as the ground sold for the personal gain of the board. Also the local council are likely to block and planning permision for construction work on Loftus Road.
The FA is dutybound to protect clubs from having assets such as the ground sold for the personal gain of the board. Also the local council are likely to block and planning permision for construction work on Loftus Road.
Nothing the FA can do to stop a club from trading, so stick by my original statement.
The ground is not worth anything as a plot as it would not get planning permission for anything but a stadium. unless another ground had been made available.I am not saying FB won't be awkward but he can't sell the ground from under us.
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