Could always try getting a mortgage on the lease of GP. He wouldn’t be the first football club owner to actually do it.
Except he doesn’t own GP.
Hull City Council own the MKM stadium lock stock and barrel. Russell Bartlett, previous owner, used the lease on it to get a £3.4m loan from RBS which he shuffled around holding companies, as well as paying himself a million quid in wages. Easy peasy when you’re a property developer!
Another wrong ‘un who ended up a bankrupt and in prison for his conduct.
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Wrong owner, he’s never been jailed, you’re perhaps thinking of Stephen Hinchliffe. He who bunged a banker over 800k so his bank gave him an unsecured £13m loan, as you do. Fit and proper owner, and so it goes on.
