16-01-2015, 02:18
As far as i can see there have been a number of "saviours" touted as being the ones to save the club, but each time one has appeared they have either provided a false dawn or been rejected by the board or shareholders. You are right about them owing MA 13m if this loan goes through, but I am not so sure it will go through. If anyone else loans the money then a new share issue will likely be used to pay them back, but with MA that option has been closed by the SPFL when they denied him the option to increase his shareholding. I can see an EGM being called by the Three Bears and they along with King and other fan shareholders will have enough votes to remove the board or at least make enough changes to swing it back in their direction, but they will have to do it very, very quickly!!
MA has pulled a very shrewd move here, aided of course by his buddies on the board, its now up to the others to counter this or else the club will have little option but to accept the loan.
MA has pulled a very shrewd move here, aided of course by his buddies on the board, its now up to the others to counter this or else the club will have little option but to accept the loan.