13:48, Thu 14 Jun
[www.hkexnews.hk]

Debt for equity swap, just under 1.4billion shares to pay off £13million we borrowed from Dragon Villa (who are connected to Mr King).

Dragon Villa will become the second biggest shareholder with 19% of the company once this is complete, TTA will own 34.86%.
13:50, Thu 14 Jun
Making financial moves to improve the situation then but by gaining more control?
13:50, Thu 14 Jun
So this is a swap for the money that was invested in us last season?
13:51, Thu 14 Jun
Blue H
So this is a swap for the money that was invested in us last season?

Correct.
13:54, Thu 14 Jun
Is this essentially the takeover from within?

When would King be subject to a Fit and Proper Persons test? Could be problematic.
@LeMod1875
13:56, Thu 14 Jun
See, they should have renamed the stadium the 'Dragon Villa' stadium.
Rags on the new Forum:
"Who on earth still has signatures showing ? ... they're the same every single time ... you've read 'em once then just hide them forever"
13:57, Thu 14 Jun
Chang Drag to Shit and I'm in
Sergio Lives
13:57, Thu 14 Jun
See, they should have renamed the stadium the 'Dragon Villa Blues' stadium.

Or DVB for short 8-)
13:59, Thu 14 Jun
Le Mod
Is this essentially the takeover from within?

When would King be subject to a Fit and Proper Persons test? Could be problematic.

It is the takeover from within, the one that some people refuse to accept is happening.

King is connected to Dragon Villa, but they have some stooge called Lei Sutong to actually front the firm. I should imagine he's now eligible for the OADT.
14:03, Thu 14 Jun
Has the chap from Ever Depot Ltd been subject to the test yet? Or are the EFL just absolutely hopeless at keeping track of this stuff?
@LeMod1875
14:07, Thu 14 Jun
Le Mod
Has the chap from Ever Depot Ltd been subject to the test yet? Or are the EFL just absolutely hopeless at keeping track of this stuff?

Yeah, he will have had to have been, for what use the OADT is.

The EFL are effing hopeless though IMO
14:08, Thu 14 Jun
Who owns the rest of the shares?
14:12, Thu 14 Jun
El Mayor
Blue H
So this is a swap for the money that was invested in us last season?

Correct.

So does this help us out with debt and the FFP situation?
14:12, Thu 14 Jun
BlueStorm
Who owns the rest of the shares?

Breakdown once this is complete

TTA 34.86%
Ever Depot 19.01%
Dragon Villa 19.08%
Public shareholders 27.05%
14:13, Thu 14 Jun
El Mayor
[www.hkexnews.hk]

Debt for equity swap, just under 1.4billion shares to pay off £13million we borrowed from Dragon Villa (who are connected to Mr King).

Dragon Villa will become the second biggest shareholder with 19% of the company once this is complete, TTA will own 34.86%.
Yes but Paul Suen owns TTA 100 per cent
14:13, Thu 14 Jun
zxcv
El Mayor
[www.hkexnews.hk]

Debt for equity swap, just under 1.4billion shares to pay off £13million we borrowed from Dragon Villa (who are connected to Mr King).

Dragon Villa will become the second biggest shareholder with 19% of the company once this is complete, TTA will own 34.86%.
Yes but Paul Suen owns TTA 100 per cent

And?
14:14, Thu 14 Jun
Spike
El Mayor
Blue H
So this is a swap for the money that was invested in us last season?

Correct.

So does this help us out with debt and the FFP situation?

Honest answer is I think it has no effect, but I'm not an accountant. What I think it does is opens up the credit line to allow us to borrow more money from Dragon Villa. Which will then have to be paid off with more shares...
14:18, Thu 14 Jun
El Mayor
Spike
El Mayor
Blue H
So this is a swap for the money that was invested in us last season?

Correct.

So does this help us out with debt and the FFP situation?

Honest answer is I think it has no effect, but I'm not an accountant. What I think it does is opens up the credit line to allow us to borrow more money from Dragon Villa. Which will then have to be paid off with more shares...

Are these blokes in Hong Kong and therefore not under the taking money from China malarky?
Goodbye says it all.
14:18, Thu 14 Jun
John_Smullen
Are these blokes in Hong Kong and therefore not under the taking money from China malarky?

Good question. Dragon Villa are BVI, so completely out of China's control.
14:23, Thu 14 Jun
Blues. Owned. By. Dragon. VILLA!
14:26, Thu 14 Jun
El Mayor
zxcv
El Mayor
[www.hkexnews.hk]

Debt for equity swap, just under 1.4billion shares to pay off £13million we borrowed from Dragon Villa (who are connected to Mr King).

Dragon Villa will become the second biggest shareholder with 19% of the company once this is complete, TTA will own 34.86%.
Yes but Paul Suen owns TTA 100 per cent

And?
:D
Fat Buddha - 'Rab C Nesbitt. He's a contrary fecker, but invariably right. He has his finger on the motherfecking pulse.'
14:26, Thu 14 Jun
It's quite amazing how we've come to be part owned by companies featuring the words Trillion Trophy and Villa in their names.

What next? 'Amazing Fulham 1975 Last Minute Enterprises'?
@LeMod1875
14:28, Thu 14 Jun
Le Mod
It's quite amazing how we've come to be part owned by companies featuring the words Trillion Trophy and Villa in their names.

What next? 'Amazing Fulham 1975 Last Minute Enterprises'?

"Bert Trautmann's Broken Neck Inc"
14:29, Thu 14 Jun
If you put money in and turn it to shares, isn't that exactly what FFP tries to stop?

[www.efl.com]

£8m limit in 2015/16
Thongs
Number8 is the worlds best forum poster. FACT. End of chat.
14:30, Thu 14 Jun
number8
If you put money in and turn it to shares, isn't that exactly what FFP tries to stop?

[www.efl.com]

£8m limit in 2015/16

Deffo the case with the club - but this is the holding company. Is it the same thing?
14:31, Thu 14 Jun
El Mayor
number8
If you put money in and turn it to shares, isn't that exactly what FFP tries to stop?

[www.efl.com]

£8m limit in 2015/16

Deffo the case with the club - but this is the holding company. Is it the same thing?

Dunno, you tell us
DES
14:33, Thu 14 Jun
All this stuff is so confusing! Only Dan has vaguest idea what it means!
Kro
14:33, Thu 14 Jun
Well, in reality I'd say yes...I'd have thought the regs would go that way too, otherwise its a massive loophole for anyone to drive through.

5.1.2 Contributions from Equity Participants and / or Related Party(ies) (as defined in Appendix F).

Can't find appendix F on the site...
Thongs
Number8 is the worlds best forum poster. FACT. End of chat.