I remember MC saying that he had no problem with the Bahraini who he considered to be a good businessman (Nooruddin I assume), but he wanted to know if they were to be partners or investors.
With Nooruddin having both a personal stake and a diluted stake through his share ownership of GFH, he's the main guy in the GFH 'camp'. If GFH convert some of their debt into equity, MC would need to match this with three times as much from his own pocket. This would provide ample funding to purchase ER and start looking into TA alternatives. Irrespective, when MC tookover, he owned 75% of nothing and GFH had 25% of nothing, so just making the business self sustaining will improve the value of the investment for both of them. One benefit of the way the Management of the Club seems to be going is that the Manager at least won't have a 'dust-up' with the board.
Post Whore & Best Newcomer - ULUFC Annual Awards 2013/14
Post Whore & Best Researcher - ULUFC Annual Awards 2014/15