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January 24 2022 9.52am

Charge registered on the club's assets

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View Midlands Eagle's Profile Midlands Eagle Flag 29 Dec 21 5.06pm Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

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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View Mapletree's Profile Mapletree Flag Croydon 29 Dec 21 5.22pm Send a Private Message to Mapletree Add Mapletree as a friend

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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View dreamwaverider's Profile dreamwaverider Flag 29 Dec 21 5.22pm Send a Private Message to dreamwaverider Add dreamwaverider as a friend

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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View ASCPFC's Profile ASCPFC Flag Pro-Cathedral/caravan park 29 Dec 21 5.51pm Send a Private Message to ASCPFC Add ASCPFC as a friend

It's my bar tab.

 


I used to put the manager's name in front of Red and Blue but got fed up with changing it. If someone cool becomes our manager then maybe..

Red and Blue Army!

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View Midlands Eagle's Profile Midlands Eagle Flag 31 Dec 21 10.56am Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Originally posted by Mapletree


Definitely MGG not M&G?

yes. I copied and pasted from the document itself

 

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View robdave2k's Profile robdave2k Flag 31 Dec 21 11.24am Send a Private Message to robdave2k Add robdave2k as a friend

Wouldn’t see it as anything to worry about.

Quite common for overseas investors to use a security agent

 

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View Midlands Eagle's Profile Midlands Eagle Flag 31 Dec 21 11.30am Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

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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View Mapletree's Profile Mapletree Flag Croydon 31 Dec 21 11.34am Send a Private Message to Mapletree Add Mapletree as a friend

Originally posted by Midlands Eagle

yes. I copied and pasted from the document itself

This is the lender. Greg Racz signed the Deed

[Link]

No other mortgages on the properties so this just appears to be leveraging

 

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View EagleinSF's Profile EagleinSF Flag San Fransisco 31 Dec 21 4.25pm Send a Private Message to EagleinSF Add EagleinSF as a friend

Probably for a Jan spending spree...

 

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View YT's Profile YT Flag Oxford 31 Dec 21 4.33pm Send a Private Message to YT Add YT as a friend

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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View chris123's Profile chris123 Online Flag hove actually 31 Dec 21 5.24pm Send a Private Message to chris123 Add chris123 as a friend

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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View dreamwaverider's Profile dreamwaverider Flag 31 Dec 21 5.56pm Send a Private Message to dreamwaverider Add dreamwaverider as a friend

Seems very odd. I thought Textor had put £80m in. Where's that gone?
Why are we borrowing?

 

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