Why would that be, I'm sure we are capable of understanding them when clearly presented and argued? Just as many have enjoyed and been enlightened by Philip's annual analysis of the club accounts.
Firstly, Philip's recent company searches suggest it may all be academic.
Secondly, it all depends upon how the lending has been structured and secured. As I've already said, potential practical difficulties and complexities cannot be underestimated. For example, and the tip of the iceberg, a big difference between insolvency law in different countries can lead to complex conflict of laws situations arising in the event of administration / liquidation where the control and/or assets in more than one country are involved. Feck knows why anyone would want to read, let alone try to understand, any of this on a football MB !
Edited by Mercerman, 04 May 2012 - 14:19 PM.