Standard found itself a directional structure this summer. But the questions about the money that has enabled the club resumption remain numerous.
It is Josimar which sounds the alarm. A-CAP is always involved in one way or another in the resumption of the standard. Behind the arrival at the controls of Giacomo Angelini, reality seems more opaque.
How is this possible? On paper, A-CAP, donor of 777 partners gave way. Except that Josimar reports that Angelini has invested with money from A-CAP.
Buy a club with the money from the previous owner? A very curious practice
Norwegian media claims to have updated the financial flows of the buyout transaction. The money for the repurchase and the capital increase that has followed are closely linked to the financial movements of the American company.
Worse still: the total amount – sixty million euros for the buyout and almost thirty million for the capital increase – prove to be loans granted by the holding company of the president of A -CAP, Kenneth King.
This may lead to a new vicious circle in the short term for the Standard. These loans – with interest rates of up to 11% – must indeed be reimbursed. Has not standard debt gets bigger in recent months instead of being paid? This is a consequence to fear.
