I'm pretty sure there is a clause in the contract that says they can't sell their ownership for ten years unless any profit is given back to the tax payers.
I believe it's
if they sell within 10 yrs or for moe than ยฃ1255m they ave to pay a sum, which would be very affordable.
In the disclosed papers it was revealed that debts can be offset against any sale.
They could make ยฃ31m without paying back a penny.
Shareholders, and he is the main one Sullivan, will have to repay a percentage if the sale is more than ยฃ125m or sale is within the next 10 yrs.
With debt of ยฃ91m in the most recent accounts, it effectively means the sale price would need to be far higher to trigger a taxpayer return.
If they sold now for ยฃ215m the taxpayer would not earn a penny, and Gold and Sullivan would pocket ยฃ165m, a ยฃ31m profit on their original investment.
Were Sullivan and Gold to sell in a ยฃ300m deal, they would take ยฃ231m, representing a ยฃ97m profit. Less than ยฃ9m โ ยฃ1.5m short of what they paid for Payet last summer โ would flow back to the taxpayer.
From a ยฃ350m sale, Sullivan and Gold would take ยฃ265m โ a profit of ยฃ131m โ while the public purse would receive ยฃ19m.
It's all in their favour despite their cries otherwise.