Money grabbing in that that was their only intention. In truth Mr Ranson allegedly walked away with a pretty penny too and don't tell me the hedge fund isn't benefitting from amassing this debt against the club in other aspects of their business empire. Besides lets be honest and this info came from one of your posts.........they are still making commissions from their failed investment each year and only when the club is sold will the losses be realised ?
The only losers will be the as yet anonymous original investors !?
I believe Ranson was well paid when he was here - on the flip side he lost Prozone in the process.
I can't see how they can benefit from amassing the debts. I don't think they can use it with other companies as they are not chained (ownership structure - no other company owns SBS&L so there is no inter-company advantage).
It is true however that a hedge fund is being paid by the investors. Typically that amounts to 5% of asset value. So if the overall investments from the original investors and ARVO is around £35m that would amount to maximum £1.75m p.a.
I don't think this is the true amount though, as at least the original investors may have (should have really) written down their investment, so I think they only get paid by ARVO. And as I believe (but can't prove) that ARVO is actually a sisu company the fee could be nil.
I get the need to see them as the enemy, but let's do this on their merits. Lot's to pick on there. There's no need for a 'Bush strategy' and use unsubstantiated conjecture.
