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Charge registered on the club's assets
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 Midlands Eagle  29 Dec 21 5.06pm |
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It seems that a charge has been registered on Selhurst Park and the land and pavilion at Copers Cope Road by Mgg Lux Waterford 1 S.A.R.L. which is a company registered in Luxemburg. All signatories to the charge have been redacted. Any idea what this is about? The obvious answer is that is security against the monies put in by John Textor but there may be another answer
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| Mapletree Croydon 29 Dec 21 5.22pm |
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Originally posted by Midlands Eagle
It seems that a charge has been registered on Selhurst Park and the land and pavilion at Copers Cope Road by Mgg Lux Waterford 1 S.A.R.L. which is a company registered in Luxemburg. All signatories to the charge have been redacted. Any idea what this is about? The obvious answer is that is security against the monies put in by John Textor but there may be another answer Definitely MGG not M&G? Edited by Mapletree (29 Dec 2021 5.24pm)
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| dreamwaverider London 29 Dec 21 5.22pm |
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Originally posted by Midlands Eagle
It seems that a charge has been registered on Selhurst Park and the land and pavilion at Copers Cope Road by Mgg Lux Waterford 1 S.A.R.L. which is a company registered in Luxemburg. All signatories to the charge have been redacted. Any idea what this is about? The obvious answer is that is security against the monies put in by John Textor but there may be another answer Sounds likely, or Blitzer, or both? Texter is trying to buy Molenbeek and Blitzer owns waasland both in Belgium
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ASCPFC  Pro-Cathedral/caravan park 29 Dec 21 5.51pm |
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It's my bar tab.
Red and Blue Army! |
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| Midlands Eagle 31 Dec 21 10.56am |
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Originally posted by Mapletree
yes. I copied and pasted from the document itself
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 robdave2k 31 Dec 21 11.24am |
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Wouldn’t see it as anything to worry about. Quite common for overseas investors to use a security agent
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| Midlands Eagle 31 Dec 21 11.30am |
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Originally posted by robdave2k
Wouldn’t see it as anything to worry about. Quite common for overseas investors to use a security agent Is it? I didn't know that. Thanks
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| Mapletree Croydon 31 Dec 21 11.34am |
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Originally posted by Midlands Eagle
yes. I copied and pasted from the document itself This is the lender. Greg Racz signed the Deed No other mortgages on the properties so this just appears to be leveraging
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EagleinSF  San Fransisco 31 Dec 21 4.25pm |
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Probably for a Jan spending spree...
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| YT Oxford 31 Dec 21 4.33pm |
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Originally posted by EagleinSF
Probably for a Jan spending spree... That'll do nicely.
Palace since 19 August 1972. Palace 1 (Tony Taylor) Liverpool 1 (Emlyn Hughes) |
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| chris123 hove actually 31 Dec 21 5.24pm |
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CPFC 2010 Ltd is the borrower, the charge is against CPFC Selhurst Park Ltd and as mentioned upthread, the security agent is MGG Lux Waterford, a debenture.
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| dreamwaverider London 31 Dec 21 5.56pm |
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Seems very odd. I thought Textor had put £80m in. Where's that gone?
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