I have no idea what this loan is for. But I agree completely with your other comments about a bank not agreeing to lend at the full value of the Premier League income. They'll work on a worse case scenario and while there's any risk of withheld payments, or football creditor preference, they'll limit the funds they make available.
I hope you & obi are right. I cannot comprehend what else the mortgage / debenture can be for mid season, unless they plan to spend big in the next 10 days & I really really doubt that
This. They know anybody coming in is likely to repay all debts on purchase whether that be to Allams or bank so by switching the debt into the name of Hull City Tigers they are just reducing their risk. They may also be preparing for relegation and think if their debt is reduced by say 50% (just a guess) it allows them to sell the club at a reduced price in the Championship which would be more appealing perhaps for investors. Although why anybody would buy us in the Championship with the majority of our income already gone for the next season would be surprising. To be fair none of us know for certain but the signs are not good.