If I was Patel I would not be happy taking on other folks debts. I assume Lai’s borrowing has been offset in the price paid, but it would be nice to know about Peace’s liability
I'm not sure that Peace has a liability any more. Lai would have agreed to take responsibilty for Peace's debt in exchange for a reduction in the price of the Holdings company which Lai purchased.
Patel has taken on the outstanding MSD loans, &, I believe, the outstanding wisdom smart & inherited Peace loans. The warmfront loan is an agreement between warmfront & Lai, & is not part of the purchase agreement.
Personally, I would expect the wisdom smart & Peace loans to be made good during this financial year, but I wouldn't be surprised if the MSD loans were continued to maturity to help with cash flow.
Especially, if the club is committed to £10million a year as a promotion bonus to Lai.