Re: Moxley
B_C_F_CWreckTangleYes, but given they will own the club, what would the be underlying reason for placing a hefty interest rate on the loaning facility? For example, how does this compare to the loan facility with our current owners?
"Interest rate: 11.9% per annum
The interest rate was agreed upon by the Company and the Buyer with reference to normal commercial practice and after arm’s length negotiations taking into account the Company’s cost of financing from external parties and the terms of the Operating Loan Facility."
Mox is proper blues. You might not agree with anything he says but it’s true