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Barclays Advert
at 21:21 9 Jun 2012

Can't believe I'm seeing that. Top right corner on the message board page. Congrat's to YKW on their return to the Prem.

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CVA
at 20:50 9 Jun 2012

So having studied the CVA document the way I see it is that Chanrai receives assets worth £47 million at book value for contributing £500,000 to the unsecured creditors. On top of that he has to pay off the Football Creditors (£6.6M). Therefore total put in is £500K + £6.6M + £18.5M (his loan) + Small Creditors (?) in return he gets £47M of assets. I appreciate that the assets aren't probably worth the book value but it still sounds like a good deal.

If anybody else has had a look at this, have I read something wrong here?

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SuperTommo

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