If this happens it could become very sticky for us (the club). The Americans would have a right to fight it in court and drag it on for ages.
The only thing is that by the amount the loan has risen over the last 5 to 6 months, it was a short term deal (always higher interest rates on short term loans), so in affect there would of been a lot of substance in the terms about what would happen if the loan could not be repaid.