by Hobart » Thu Aug 09, 2018 7:50 pm
For example, if we take this excerpt from Kroenkes statement.
Mr Kroenke has used £45,398,000 cash from his own resources. In addition, Mr Kroenke entered into a bridge facility agreement with Deutsche Bank AG, New York Branch as lender on 2 August 2018, under which Deutsche Bank AG, New York Branch has agreed to make available to Mr Kroenke a £557 million bridge term loan facility.
The Offer is not being funded by way of any debt finance (bank loans, payment in kind loans or other debt or quasi‑debt interest bearing obligations) for which the payment of interest on, repayment of, or security for any liability (contingent or otherwise) will depend on the business of Arsenal.
This can be translated as
The £557 million needs to be paid off in two years so the money has to come from somewhere.....
And
Payment of the finance of this offer will not depend on the business of Arsenal for the next 6 months or until the club is delisted.
There's none so blind as those who will not see.
Do not argue with an idiot they drag you down to their level and beat you with experience.