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Katharina Liebherr

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Because Goa couldn’t reach her valuation.

 

Anyway, when he eventually sells up his money will be nice and clean

 

Except when he does sell most of the £ will be going to pay off the loan he took on buying us, if what we read at the time was true that it was done through a bank, Macquarrie Bank being specifically mentioned at one point.

 

It seems unlikely at the moment he'll recover the sum paid never mind end up with a nice clean surplus.

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Except when he does sell most of the £ will be going to pay off the loan he took on buying us, if what we read at the time was true that it was done through a bank, Macquarrie Bank being specifically mentioned at one point.

 

It seems unlikely at the moment he'll recover the sum paid never mind end up with a nice clean surplus.

 

I agree. The money laundering theory is laughable. Gao doesn't have any money to launder. Kat took him to the cleaners. She sold him a vision of a business where stock would be produced or bought cheaply and sold for enormous profits, where ever-increasing Premier League income of more than £100 million would pour in to the coffers every year and where the overall value of the business would increase at an incredible rate. His greed got the better of him and he fell for it, hook, line and sinker.

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Seems barely plausible and quite a stretch of the imagination to believe that to be honest.

 

Nelly appeared on a clip of a pre-season meeting and it was said she was struggling with speaking English and still learning. Perhaps she speaks German and learnt that as a second language. Or does Kat speak Mandarin so they converse in that ?

 

Finishing School in Switzerland - source is someone very closely connected to a former board member. The club is properly up the creek.

 

I guess we choose to believe whatever fits our own thinking but I'm inclined to take this over all the other stuff out there given where it's come from.

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I agree. The money laundering theory is laughable. Gao doesn't have any money to launder. Kat took him to the cleaners. She sold him a vision of a business where stock would be produced or bought cheaply and sold for enormous profits, where ever-increasing Premier League income of more than £100 million would pour in to the coffers every year and where the overall value of the business would increase at an incredible rate. His greed got the better of him and he fell for it, hook, line and sinker.

 

It isn't money laundering. It's finding a loophole to move money out of China at a time when the government wanted cash outflow to cease. He said it himself in that interview earlier this year - Jack Ma or someone like that was extolling the virtues of establishing capital outside of China, so he wanted to do the same.

 

He's borrowed £200m in short term loans to buy a cash-flow rich asset in the hope that it will eventually self-finance the incurred debts. Once the loans are repaid, even if he sells the club at a small loss it will have been worth it to move a sizable chunk of cash out of China.

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It isn't money laundering. It's finding a loophole to move money out of China at a time when the government wanted cash outflow to cease. He said it himself in that interview earlier this year - Jack Ma or someone like that was extolling the virtues of establishing capital outside of China, so he wanted to do the same.

 

He's borrowed £200m in short term loans to buy a cash-flow rich asset in the hope that it will eventually self-finance the incurred debts. Once the loans are repaid, even if he sells the club at a small loss it will have been worth it to move a sizable chunk of cash out of China.

 

Exactly.

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