It isn't just about the money for Markus but it is the primary factor IMO. The amount of profit he makes being a tiny amount of his overall worth is totally irrelevant. If I had a million quid but found a way of making £1,000 would I turn it down? Of course not.
Also it appears to be entirely about money for Cortese. Why else would he be here?
What would you value Saints as? Do you not think people would be interested should we get to the Prem? We have infinitely more appeal than Pompey, Hull, Burnley, Boro, even the likes of Birmingham, Blackburn and Stoke.
I can't be bothered to debate with up and away. I apologise because my comment goes against the spirit of the thread but I'm simply not going to comment on up and away because it's like banging my head against a wall.
No I mean the fact that they were originally claiming something like 17 million. HMRC then claimed 35 million and they agreed on 24 million. Some of them reckon it was a mutual agreement.
I think it all comes down to whether it is image rights tax (not legally enforcable) or fines from HMRC (legally enforcable) as to whether HMRC have a case here. If it is the image rights the AA will vigorously contest it because in law HMRC cannot enforce them.
The CVA will be approved because AA will move the debt levels around to fit. HMRC will challenge it and this will have a long time to run. Leeds were forced to come out of admin without a CVA because the administrator could not afford to bankroll the appeal process. No doubt Chanrai will bankroll the skates thoug because of the promise of the parachute payments. Will be interesting to see the outcome of any appeal once HMRC have done challenging.
It is the discretion of the administrator whether to accept additional debt claims or not. HMRC can claim fines on the original loan and also the disputed tax on image rights payments. AA will dismiss these because he is dodgy as f*ck. The CVA will pass tomorrow, AA will go on and on about how great he is and how they can start again and HMRC will then challenge him in court. HMRC will no doubt win and then I don't know what happens after that. No one be suicidal tomorrow though when the CVA passes, it's all a sham!
At least 50 million but maybe more. Especially when taking into account the 90 million that Premiership status is worth for ONE SEASON! They would make a handsome profit whatever the figure is so the argument still stands up.