BexleyGooner wrote:The £120m Covid loan that has just been paid off, apparently KSE was going to pay it but according to the athletic, we’ve taken out another bank loan to pay it off.
Does anyone know the truth? Was it all a load of bollocks from Stan and Josh?
The Government Covid loan was a '
fail-safe' and could only be used to support cash flow during the pandemic, by converting that 120m loan into a standard bank loan KSE can in theory now use that 120m for new players ...
FYI - Any loans to Arsenal are loans to KSE, thus it's Kroenke who is liable as he owns KSE ... the bottom line is that it's all his responsibility be that cash or debt.