charliemiller

does remind me of mane when he first started raw but all the ability to be unplayable at times

Just saved 600k a year by taking out kruguer .....hey ho money saving rules ok

i think Air Florida were actually a company ......hmmmm

Maybe the money from LD for the sponsorship didnt arrive in pounds sterling ........or not at all ?

I have confirmed twice now all assets and assets of companys owned by the Hong Kong company are charged ....that shouldnt be difficult to understand. Also cash as in 20m was transferred to the parent where and how can that convert to equity it clearly states 20m was paid to a loan in the parent company accounts . If you deal with these structures daily its not hard to work out how it happened and what happened it really isnt .

Go read the accounts for the Lander UK company before you tell me i am wrong ....it says very clearly 184 m for 100 % , also 20m in the southampton football club accounts was transferred to the parent company to pay a loan instalment go check for yourself , it matches up to the loan repayment listed in the lander uk accounts . The Lander Uk accounts list a 30 m plus profit also that was retained . Go on companies house and read it yourself . The Hong Kong Company I have access to wordwide accounts and I can tell you it is the parent of the UK company and holds the debt of the loan and the charges ...I am not posting a link because its my company search account for underwriting and I pay for it ......go pay for a international company search yourself lol.

If you Google New Southampton owner gets china backed funding you will find a bloomberg report , The funds were provided by Nanyang commercial bank backed by Mcquarrie Bank Hong kong. The "Boss" company is Lander Sports investment co limited Hong Kong this is where liens and charges and the loan are registered. Which owns the holding Parent in the UK ....Lander Sports {uk} international investment co Ltd 10449153 ( the accounts on this company are interesting reading) This company owns all the assets of Southampton football club and is 100% owned by Gao who is not a director. 184m was transfered in cash to purchase 100 % of Southampton Football club , maybe 240 M was representative to comply with 80% lend

All on the Hong Kong Company as confirmed by Mr.Goa as its Boss as he said the parent , the loan is with Macquarrie Hong Kong . The Uk agreement is purely for cash flow in May , June July prior to the Prem Payments. Nothing to do with the Loan I write Commercial Term , Bridging and Development finance so i understand security against a loan and second level securitisation of debt .

The Loan is registered against his Hong Kong holding company as is the club as an asset he confirms that this company is BOSS Do you think they gave him a loan with no service required , macquarie bank are not a money fairy ! where else is he going to pay it from? Will be in the next accounts the loan was termed after the takeover from a bridge position

No Benji I am not confusing the black hole facility at all Let me ask you these three questions . 1. What do you think the Bank has secured a 200 million loan against ? What else worth that money does Gao have ? 2. Affordability of Loan ? The Loan interest Only will be costing Circa 10 m PA if its int+ Cap over say 10 years then it will be 30 M....a prerequisite of underwriting a loan is that the client can afford the repayments .....where is Gao gonna get the money if not from Saints income ? 3. Securitization of repayments ......There is always another level of security on a loan to reduce the risk in the case of a default by the borrower this is normal. If a borrower had a monthly income from leases then the bank would lien against these in the event of a default ..... the only income they can do this against in this case is the premiership income. All normal bank structuring and the only way Gao could borrow the money tbh as he has no other asset barr 24% of Lander sports If we get relegated we have a huge problem

Yes it is secured on the club ! And yes you are right with the house comparison , which is why it was initially a structured bridge at 80% of PP which was then converted to a term loan for the full amount with the club as security ......what other security has Gao got to secure the loan against ! nothing get real Also if he defaults the bank also has a lien against the premiership payments as well as a first charge against the club and stadium . Anyone who works in commercial finance structuring will confirm that this is the only way this deal could have been structured . A personal loan Naaa , a loan secured against assets and future income yup .

We have a debt ...the money used to buy us to macquarrie bank what else could he secure 200m against he has nothing now lander has gone to the wall

The initial loan would have been secured against Lander Sports and i suspect that it was made up of a main loan McQuarrie which i may well have been the declared value on the BVI 146 Million Plus a mezzanine short term loan from a friend or even a representative on paper loan from Kat ! This is because NO bank will lend 100 PC of purchase price and they will not allow to secure against the asset you are buying before you buy it. Once the purchase was complete the Loan would have be re financed into a full term loan with McQuarrie with the club as the security for it, hence why Lander sports have nothing to do with it , but it does mean the liability for the loan sits now with the securitised asset ....The football club and the stadium. Probably the reason KAT stayed in for 20% is simply because he could only raise 80 pc of the purchase price under bank criteria and it pushed the deal over the line. The Loan will be at best interest only and will be at circa 4% PA maybe 5% which will be costing 10M per year based on 200m lend without any capital reduction......who do you think will be paying that in this self sustaining model . In time this will go only one way , lets hope he sells before it does !

NO the Loan is from Mcquarrie Hong Kong

Ok here is a question ....i want to throw this out there for opinion . It has been said that MR. Goa bought the club personally .......not through Lander sports OK Now ....He borrowed 200m off McQuarrie Bank to do this that has been confirmed and reported. Normally when you borrow this level of Money it will be secured by one of the following . 1) A charge against all assets owned by the borrower. 2) An equitable charge 3) A Personal Guarantee ....which ties up all the assets owned by the Guarantor. The Mcquarrie Loan appears to be registered against Southampton Football Club which is wholly owned by Mr.Goa. If they took an equitable charge over all his assets then surely his ownership in Landers would have been part of it , which would mean he has either paid back some with the payment from the chinese state (164m) or somehow the debt has been moved fully to the club . Which means in effect he borrowed 100PC of the lend against the club which at the time he didnt own ......its very unusual for a bank to give 100pc funding for a purchase however . So where does the liabilty sit in the event of a default ? Mr.Goa or the club itself ?

Would be interesting to know in what entity the 200m to mcquarrie bank is written up to ....lander or Mr Gao ? I suspect its Lander and not nellie and daddy

He has .....the state has bought a controlling share of lander

http://cricfree.live/watchfeeds/demand/8 try that

Its not on many channels but bien mena 10 are showing so should be streams on cricfree n stuff ...probaly wont be english commentry though cric free are saying streams yes

Watching that Video anyone who thinks that with the right coaching he wouldnt be an asset to them team doesnt understand football

There is a logistical reason . The police control room is in the itchen corner looking over the away fans The police cells which are in the ground are in the opposite corner .

****s sake stephens

Long has gone backwards for sure , his first touch saturday was crap and he wasnt closing down well or holding up the ball at all ....actually at least Austin can hold a ball up and play up so Austin over Long currently , although Gallagher can do both so why not , he needs a run out from the start and the other two dont fill me with any confidence at all

Cant see us losing this the way Cardiff play will be perfect for RH to push the CB up and compact the play , they wont score against us and will spend the match playing the long balls they play over CB heads , and they dont have pace to exploit it . Nope cant see us losing this 2 or nil to Saints is my prediction , we are a different team now in many ways eventually the whingers will realise this .