Blue Oktober Posted March 12, 2013 Share Posted March 12, 2013 Owned with a whopping great mortgage (£8m?)... so not owned at all. Indeed as I suspected and quite a moot point from what I can gather the only tangible asset of value in the whole equation. EEP I believe presents a significant value for development purposes either residentual or retail/commercial with no obvious objections visible and even in a depressed market could likely realise of the order 4M Sterling. on the otherhand if DAFC can survive under newco or current guise and allowed to play SFL based on support and woith control over wages could pay a significant rent to service and repay mortgage so a cash cow for Masterton. It really depends on where the pressure points are in the overall Masterton empire are. Personally I hope something along the latter can be achieved. 0 Quote Link to comment Share on other sites More sharing options...
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