Discussion in 'The Hornets' Nest - Watford Chat' started by We hate 48, Sep 1, 2020.
£75m owed to Gino? Yeah he's never seeing that again.
Comrade Adam has been fed his talking points then
Considering he trawls this forum for article ideas, it’s very little surprise he wouldn’t give you any credit for finding that document. I guess he needs to prove to his Athletic paymasters he’s worth it.
To think he was so good on Sky Sports News.
Precursor, fortitude, fragility. Man’s been watching him some Foundation.
Some quite serious talking up of outlandish sums being attracted for seemingly quite little reward (on the part of the ex machina saviour/investor), but
A) We are not West Ham - our fanbase is nowhere near the size, we are not historically on the same level, we don't have a giant brand new taxpayer-milked stadium to call home, and we are not currently challenging for and playing in Europe,
B) This apparent tactic relies extremely strongly on us at the very least remaining in the Premier League to even begin to claim we are an attractive proposition for the miraculous outside investment we haven't managed to attract at any point over the last three years or so; even more so with the increased US TV deal money that was just announced - I highly doubt anyone's coming in with £500m for 6.7% of the club and a guaranteed box for half of all home games, for a club in the Championship that's just lost all of their major playing assets for half their true value having suffered a second relegation in three seasons.
How much is owed to Gino or is it an implication/ understanding that he has paid off the £85m - certainly we know Barclays and XIii capital (£70m loan ) have released their security
Isn’t the parent company loaded with debt? i.e it’s not owed to Pozzo?
Unless the answer is 'screenshot and then copy-paste' I'm afraid I'm not that much use to you, but does this go any way to answering your question?
Don’t trust Leventhal or Duxbury. Let’s not forget Duxbury once declared we had no external debt because it was owed to holding company which had external debt!
100%. The £75.8m quoted was not owed to Gino Pozzo via Hornets Investment Ltd "HIL" -that company had been lent £70m by XXIII Capital. Gino's company had lent £8m to HIL and as you rightly say the total of loans taken out by HIL was on lent to the football club. Gino had £8m in loans not £75.8m
This is all nearly 18 months old since when we are back in PL and the financial year ended 30/6/21 has occurred -those accounts when published may shed some light on how we have manged to pay off both Barclays and XXiii Capital either via the new £50m loan and/or more money lent by Gino.