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ENIC

For those a bit more in the know re the mechanics of plcs and share arrangements, does this essentially translate to an interest free loan? Or is it a straight cash injection (through the issuing of additional shares) with no obligation to repay to the parent company?
 
So what convinced joe to change his mind and 20 years of habit?

I’m guessing no attractive third parties materialised coupled with this method increasing their holding in the club. Isn’t this the method Finney was suggesting for ages?

Also the report says ENIC own 85% but I thought they had nearly 100%. Who has the other 15%?
 
Apart from the property deals. This must be only the 2nd or 3rd such an injection has happened by Enic?
I guess it might be that they now feel they’ve built good foundations(ground, training ground etc…) that it’s worth investing more. They are happy to spend £70m on a player as the club can afford the day to day cost(wages) of the player these days. Will be interesting or it could be they just need to boost the money in the bank for refinancing etc…
 
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