(05-26-2018, 03:44 PM)SkyEdge Wrote: Perugia was just an example.. not being particularly specific.. also.. taking loans to do whatever the hell u want isnt that difficult.. lets use that Malaysian Govt Scandal 1MDB.. it was a company created by the Former Prime Minister who was also the Finance Minister and also the Chairman of 1MDB.. he successfully swindled the whole country into a debt of 42Billion with loans from a crapload of Banking entities.. it wasnt even smartly done coz the whole paper trail was picked up by multiple Foreign Govt Agencies.. my point is.. the loans were taken with the written guarantee of the Country but the loans were deposited into multiple accounts of different banks in Curacao (a country well known for money laundering) British Virgin Islands and also Cayman Islands.. corporate accounts and also private accounts.
If He.. a well known public figure could do it right infront of the worlds eyes.. why not some dude in China.. from the very beginning no one knew who Li was or his Worth remember?
Pick any club you want ,it doesen't matter...you will not get loan from Eliot to buy it if you don't have other half of money. Cause no sane fund will grant you loan amount equal to 100% of value for item (club) you will leave as insurance. You can take around 50%. If club is worth 100M ,they'll loan you 50-60M to conclude deal. So ,guy without penny in his pocket ,can't take loan from Eliot to buy club. I mean ,he can ,but he can't do anything with that money if he don't have remaining 40-50M to finish the deal.
There is no way that Eliot can lose all of it's money in this exact type of business (specific loans for concluding specific business deals) ,and that's why they don't have to do detailed or any (if they're not obliged by some law) background check of person who wants loan.
Sure ,they can lose something if they fail to sell club for desired amount ,but that's risk they willingly took and highly unlikely.
Of course ,if one wants different kind of load ,than they will count his blood cells according to potential risks that loan brings ,but for this type ,there is no need cause their money is safe and easy to recover if he fails to refinance.
Avaiting for arrival of exorcist into our boardroom.
05-26-2018, 05:35 PM
(This post was last modified: 05-26-2018, 05:37 PM by nefremo.)
(05-26-2018, 03:46 PM)SkyEdge Wrote: Well.. not 500m worth.. i barely breaking it to half of 500k.. but i aint no broke ass bum either..
 I didn't mean you man. I was just providing a general example. Did not mean to imply that you are a broke ass bum.  But re-reading what I wrote now I can see how that could have been how it came across.
Again, as Sampinjon also said, not everyone (as you said) can go ahead, get a loan, and then disappear. Li has a substantial net worth. Enough to prove to Elliot that he is not broke. As Sampinjon said, he had to provide a substantial amount of money himself and Elliot provided the rest. The entire point here is that Elliot loaned 300mil and 20+% interest. If they don't get it back from Li, they'll get it back from the club. Milan will 99.99999% be sold for more than that by Elliot if it comes to that. Their risk, Li or no Li, is not so great.
As I said, no other owner takes loans out and puts the club itself as collateral. This should have NEVER been allowed. Elliot was very smart in this situation. I guess that's why they are who they are and are in the business that they are in. Very smart piece of business from them. A win - win no matter how you look at it.
05-26-2018, 06:16 PM
(This post was last modified: 05-26-2018, 06:25 PM by SkyEdge.)
(05-26-2018, 05:35 PM)nefremo Wrote: I didn't mean you man. I was just providing a general example. Did not mean to imply that you are a broke ass bum. But re-reading what I wrote now I can see how that could have been how it came across.
Again, as Sampinjon also said, not everyone (as you said) can go ahead, get a loan, and then disappear. Li has a substantial net worth. Enough to prove to Elliot that he is not broke. As Sampinjon said, he had to provide a substantial amount of money himself and Elliot provided the rest. The entire point here is that Elliot loaned 300mil and 20+% interest. If they don't get it back from Li, they'll get it back from the club. Milan will 99.99999% be sold for more than that by Elliot if it comes to that. Their risk, Li or no Li, is not so great.
As I said, no other owner takes loans out and puts the club itself as collateral. This should have NEVER been allowed. Elliot was very smart in this situation. I guess that's why they are who they are and are in the business that they are in. Very smart piece of business from them. A win - win no matter how you look at it.
Its okay dude.. no offence taken.. i was laughing while reading that part aniway.. i did get what u were trying to say though... i fully respect that.. the thing is i think Li might not be as big a cashcow as we hoped.. i doubt UEFA wouldnt have done a thorough check on him before doubting if the club was able to cover back its loans through its plans even with Li background..
Example.. if Abramovich was here instead.. i think we might not be in this trouble because the club would still not be in direct debt to a 3rd party.. even if the club wasnt making more money than it was spending.. the club wont be headed the way Leeds United went which was bankruptcy.. i think that was the crux of the issue.
The part where we even struggled to come up with 10m probably highlighted that in UEFA's view.. Chinese govt policy or not.. Li should have Moved funds out of China in Anticipation of the money to be spent before taking over the club.. seems irresponsible to me.. i dont think any Govt makes a sudden ruling like China without prior notice in advance or even rumours about it spreading before hand.. as someone said earlier, he spent 100m to build something in China to increase the clubs profile with the long term goal of increasing the value of the club before reselling..
About what u said regarding owners taking loans putting the club as collateral.. i think Manchester United fit right into that category when it changed ownership.. Arsenal too if im not mistaken..
Yes. He simply coud not use their money if he didn't provided rest. To move and use their money he (or anyone else who take that kind of loan) must fulfill two conditions. 1- he must use it for purpose of buying Milan. 2 - that transaction MUST put Milan under his ownership (and automaticaly convert it into Eliot's insurance). So before he use Eliot money he first must give his "non Eliot" money to seller. It is not question if he had some money ,it is question how that money is obtained and from where and how it came to his possesion.
Avaiting for arrival of exorcist into our boardroom.
Milan could use Valencia’s interest in Carlos Bacca to cut a deal on bringing Simone Zaza to San Siro, claim reports in Italy and Spain.
(05-26-2018, 07:21 PM)AC_Troy Wrote: Milan could use Valencia’s interest in Carlos Bacca to cut a deal on bringing Simone Zaza to San Siro, claim reports in Italy and Spain.
why not use Bacca to get Destro
(05-26-2018, 04:34 PM)ZvonimirBoban Wrote: Because no one wants to buy?
yes , after 2013. but before that we were a competitive squad. i dont think its same before and after the old guard left. apparently al khelaifi offered 1 b to buy the club. silvio has refused
I guess we can expect a bid from Liverpool for Donnarumma any day now. What a CL-final from their keeper Karius... Even worse than Donnarumma's cup-final.
https://www.football-italia.net/121958/d...E2%82%AC8m
wtf, I know the hype isn't as high lately, but this seems a bargain!
(05-26-2018, 09:52 PM)ACMILAN1983 Wrote: https://www.football-italia.net/121958/d...E2%82%AC8m
wtf, I know the hype isn't as high lately, but this seems a bargain!
Roma with more good business
It's why we need Stillitano. He'd run Milan similar to Pallotta
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