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I think your mr moneybags is already at the club, Gritt23.

I agree with Cadiz. Companies do not increase nominal share capital and create loan stock on a whim. This has been done with a specific purpose - raise funds and what do we need to raise £40m for and why so much from this method? Looks like we are raising only a fraction of the total from banks...

The £20m existing loan notes are to cover existing loans from directors and others. It formalises repayment terms and rates of interest. The club have issued 9.5m shares to date. They were legally able to issue up to 20m. They've increased that to 50m. I'm guessing that it's so that they could...

Yes but gambling debts are unenforceable in English law. It's up to the gambler to honour the gambling debt or not

No. Unless someone like archer buys the loan notes. You could repay it, the director could convert them to shares or issue new loan notes. If the rate of return is attractive enough then the loan might never be repaid. Yes. And one last thing. My guess is that this was done to plug a...

Oh, and convertible means that the loanor has the option of cashing them in at the end or could convert them into shares at an agreed rate. The loan notes can be traded as with shares. The loanor COULD sell them to someone else.

Loan notes are contractual obligations. The company could be wound up by the petitioning creditor if they don't pay.

you're right. A bank would want secured assets and would dictate the interest rate. This is usually done to raise funds from directors, other corporate investors. For it to be unsecured the loanor would either have a great deal of trust in the issuing company ( hence a director) or it's at a...

Someone has or will lend the club £40m and get interest on the loan until it is time to repay it in 2023. The loan is unsecured which means that if the club go belly up those holding the loan notes do not get first dabsies on any of the remaining assets. Those holding the loan notes do not need...