Who is this guy Reb? Somehow I don't think he knows what he's talkin about.
What’s Cooking In The Old Lady's Kitchen?
Now Juve can rely on a sizeable increase of capital, 104.8 million euros. A bit of cash to buy Ronaldinho and Kakà? No, as 75 million are needed to pay off debts with banks, while 20 million should be destined to refurbish Delle Alpi stadium.
Where did this get the debt figures exactly? I'm under the impression that Juve allocated the funds to pay off SOME debts(reduction) and rejuvinate our CAsh flow to sustain operational cost and investments required for our next season. Not to mention Strategic marketing.
And even if we had 75mil debt From my personal experience, you never pay back entirely! You pay off what u calculate would be the best amount and leave the rest of the debt to be paid in accordance to its timeline. That way much of the CASH Flow at hand can be used to make neccessary investment which subsequent growth SHOULD beat the DEBT's INterest rate.
What’s Cooking In The Old Lady's Kitchen?
But what is also interesting about this capital increase is that 60% of the money will be paid by Ifil, holding company of the Agnelli family. This means that after 14 years the famiglia is ready to pump some money into Juventus just to help the club to regain its top team status, while the remaining 40% of capital increase will be on small investors and probably not on family Gadaffi – which owns 7.5% of Juventus shares – unwilling to take part in the capital increase.
And how does this guy know Gadaffi will not participate in the financial increase? From my knowledge when an increase of capital is made by the shareholders' pockets to the company, ALL owners are REQUIRED to participate in the total capital increase. This means if they agree to increase 108mil Euros, 7.5% has to be invested by Gaddafi or risk losing some percentage of his ownership.
New shares will be made and basically sold to the current owners thus there will be more shares in Juventus; but in ownership percentage terms, it should remain the same if all owners participate.
Gaddaffi has minimum ownership, he might not like having to invest, but if the majority shareholder decides it (IFIL) and he doesnt want to lose percentage of ownership, he must participate.
IFIL guarentees this Capital increase.
Juve have stated they will make the financial dealings in April.
What’s Cooking In The Old Lady's Kitchen?
We all know the end of the story and the tragic consequences suffered by the Old Lady because of the “triad” management. Did the family know about Moggi & Giraudo methods? Well, let’s say that at least they had some vague ideas about what was going on, and that they were very quick to get rid of them.
By Luca Manes
Is he Internisti? His bitterness sounds like one.
)
Buy on AliExpress.com
with the above posts. I hope Italy gets the Euro 2012. It would be good for Italy; it would be good to get new/improved stadiums. However, the other countries competing against Italy, also want the Euro 2012 for the same reasons. We're going to have to keep our fingers crossed that Italy gets chosen to host this event.
