Desperate measure/roll of the dice?

[suntouched]

Not wanting to start an argument or anything, but i got thinking last night about why the change 'now'.

 

This is possibly just me feeling negative and trying to find a conspiracy, but could there be a connection with the large loan from some offshore lenders earlier in the year? We know SFC/Cortese borrowed an approx £25m (i say we know, i mean it was reported that was the sum), but we don't know why. Is it actually possible that the Club is now Cortese's, e.g. no more Liebherr funding - and what he has done is borrow against the proposed revenue streams for next year to beef up his funds for this?

 

He's not actually a 'banker' btw - he worked in the banking sector as a 'salesman' - e.g. he found wealthy people for his bank and looked after them/did deals for them. On this basis.

 

Surely, rather than paying interest, it would have been better to borrow the money from the Liebherr's - so this makes me think there is no longer a 'financial relationship' there.

 

So, the reason for the change 'now' is that he's panicing that SFC would get relegated and is hoping for this new guy, who has a great CV, to turn the tide?

 

Thoughts?

[ottery st mary]

Sorry...May have missed the detail....

 

Is there any evidence we borrowed money ?

[Spudders]

Maybe Cortese has just been looking for a new manager for a while, but wanting to find the person who he felt was right for the job and his vision (rather than being rushed into getting someone that wasn't right). It took him X amount of weeks/months, but finally he got who he wanted?

[Topcat]

...why the change 'now'. ... but could there be a connection with the large loan from some offshore lenders earlier in the year? We know SFC/Cortese borrowed an approx £25m (i say we know, i mean it was reported that was the sum), but we don't know why. Is it actually possible that the Club is now Cortese's, e.g. no more Liebherr funding - and what he has done is borrow against the proposed revenue streams for next year to beef up his funds for this? ....

Surely, rather than paying interest, it would have been better to borrow the money from the Liebherr's - so this makes me think there is no longer a 'financial relationship' there.

So, the reason for the change 'now' is that he's panicing that SFC would get relegated and is hoping for this new guy, who has a great CV, to turn the tide?

Makes a lot of sense from the known facts. But the change has increased the chances of relegation in the short term from a slump in form delivered by a shell shocked team. I hope my forecast is wrong, we need a lot of luck now.

Sorry...May have missed the detail.... Is there any evidence we borrowed money ?

Yes in a thread last year - probably around Aug/Sept/Oct 2012 as a guess.