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Everything posted by trousers
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Registration of Charge: MacQuarie Bank vs MSD Holdings
trousers replied to trousers's topic in The Saints
Plagiarism rules ok -
Registration of Charge: MacQuarie Bank vs MSD Holdings
trousers replied to trousers's topic in The Saints
Good to see local journos have mastered copying and pasting from Saintsweb threads... -
Given they're all related to each other the chances were quite high to be fair
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Registration of Charge: MacQuarie Bank vs MSD Holdings
trousers replied to trousers's topic in The Saints
Yep, agree that's the easiest route to a profit. I was just pondering what eventuality would give them maximum returns. -
Registration of Charge: MacQuarie Bank vs MSD Holdings
trousers replied to trousers's topic in The Saints
Isn't the scenario where they'd make most money is if Saints were to do badly (on and off the pitch) and end up defaulting on the loan? That way the investor gets all the club's assets for way less than they are worth? -
Registration of Charge: MacQuarie Bank vs MSD Holdings
trousers replied to trousers's topic in The Saints
Yep... https://www.dailymail.co.uk/sport/football/article-7513265/Peter-Kenyon-tried-Sunderland-buyers-Newcastle-deal.html -
Registration of Charge: MacQuarie Bank vs MSD Holdings
trousers replied to trousers's topic in The Saints
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Registration of Charge: MacQuarie Bank vs MSD Holdings
trousers replied to trousers's topic in The Saints
He looks quite friendly.... https://www.msdpartners.com/people?id=841&dept_id=86&bioname=Marcello Liguori Struggling to get a close up of the earlobes though.... -
Registration of Charge: MacQuarie Bank vs MSD Holdings
trousers replied to trousers's topic in The Saints
The Debenture/Charge is signed my Marcello Liguori (of MSD UK Holdings Ltd) but his address is given as MSD Partners, L.P. in New York, USA.... Marcello L. is also listed as a director on the newly formed UK arm of the company.... So, looks like they are "Financial Intermediatories" rather than the actual lenders.... Adding 2 + 2 to get 5.... does this suggest we're being financed out of the USA now....? -
Registration of Charge: MacQuarie Bank vs MSD Holdings
trousers replied to trousers's topic in The Saints
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Registration of Charge: MacQuarie Bank vs MSD Holdings
trousers replied to trousers's topic in The Saints
I also note that this year's charge is explicity labelled as a "Debenture" whereas previous charges have just been refered to as a "Deed"... a quick Google search suggests that Debentures usually last at least 10 years.... so, reading between the lines, maybe this is a way of securing more upfront funds than is usually possible in a bog standard annual 'charge'....? (dunno.... all gobbledegook to me....) -
Same here. All very slow too
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Just signed a new 3 year deal https://www.southamptonfc.com/news/2020-07-02/nathan-tella-contract-extension-southampton-football-club-2-july-2020
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I see that the annual 'Satisfaction of Charge' and 'Registration of Charge' procedure has just taken place, as it always does around this time of year.... https://beta.companieshouse.gov.uk/company/00053301/filing-history A couple of diferences I can see from previous years though: - The lender is no longer MacQuarie Bank but MSD UK Holdings Ltd - The new charge documentation now includes Intellectual Property, i.e. trademarks such as the club badge and phrases such as "The Southampton Way", "We March On" and "The Saints" (!) I don't recall seeing the charge documents going down to that level of detail and inclusion before (they usually just refer to the more tangible assets such as the stadium and training ground) Not sure if there's anything to be read into this but thought I'd mention it in passing (any ITK financiers out there?!)
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Can't find any Nobbings but there's a Nob End (near 'Little Lever' as it happens....) if that's any good?
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I take it back... my memory was indeed rubbish....! It was a "WTF?" moment....
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My memory is possibly playing tricks on me but wasn't there two factors in play around the time his contract was extended? Firstly, hadn't he been in good form leading up to the extension? Secondly, I seem to recall around that period that fans were often agitated at how long we typically waited to tie players down to a contract extension. I'm not saying the scale of the extension (both in terms of value and duration) wasn't taking things too far towards the opposite end of the scale, but I don't think the backdrop and context to the extension was as "what the f***?" as people are making out retrospectively? As I say, I could be mis-remembering events but there again.... (I guess digging out the forum thread at the time will be informative)
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FFS P.s. has the forum started running slow?
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1-0 Chelsea Chortle