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CVA 20:50 - Jun 9 with 1424 viewsSuperTommo

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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CVA on 21:05 - Jun 9 with 1416 viewsPissTake_peg

I've already given you my answer

Quem deus vult perdere, dementat prius

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