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Parent company gives most of their debt to Asmodee and parts ways
Posted: 23 April 2024, 08:44
by Ez0ah
https://www.wargamer.com/board-games-p ... llion-debt
So basically the parent company piled their debt up on Asmodee (BGA owner) before splitting…
Not sure how it impacts BGA directly but it doesn’t look good.
Re: Parent company gives most of their debt to Asmodee and parts ways
Posted: 24 April 2024, 13:55
by nanospy
This is a concern for me as well. Asmodee going bankrupt as a result is well within possibility. What would become of BGA? So much has been built here over time, I would hate to see it all crumble.
Re: Parent company gives most of their debt to Asmodee and parts ways
Posted: 24 April 2024, 15:40
by N_Faker
Rather than giving Asmodee the debt, Embracer took out loans with Asmodee assets, took the money and said that Asmodee isn't part of Embracer anymore.
Re: Parent company gives most of their debt to Asmodee and parts ways
Posted: 24 April 2024, 16:35
by GTSchemer
N_Faker wrote: ↑24 April 2024, 15:40
Rather than giving Asmodee the debt, Embracer took out loans with Asmodee assets, took the money and said that Asmodee isn't part of Embracer anymore.
Asmodee does indeed have a significant amount of debt now. As I understand, they are solely responsible for the loan. See
https://embracer.com/releases/asmodee-s ... cer-group/ for details, and note that Asmodee will have a Net Debt to Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) of roughly 3.9x.
Re: Parent company gives most of their debt to Asmodee and parts ways
Posted: 24 April 2024, 16:50
by N_Faker
I should maybe have stated it differently. I'm saying that Embracer created new debt for Asmodee to pay for Embracer's old debt.
Re: Parent company gives most of their debt to Asmodee and parts ways
Posted: 24 April 2024, 16:54
by GTSchemer
Maybe someone better at searching than me can find what Asmodee's debt was before Embracer merged with them, compared to the new value now. I suppose that is the key question.
Re: Parent company gives most of their debt to Asmodee and parts ways
Posted: 30 April 2024, 19:22
by Ondrashek06
Sadly BGA nowadays is heavily reliant on Asmodee... While most of the actual games are user-submitted, there's still server infrastructure that needs to be paid for by someone.
Re: Parent company gives most of their debt to Asmodee and parts ways
Posted: 30 April 2024, 21:59
by Tricuspa
This was bound to happen at some point, holding company are trouble and shouldn't be allowed to buy, straddle with debt under the other name and then depart with the money, fricking pirates. Though maybe I am reading this wrong.
So I imagine if there isn't enough profit (for Asmodee) they'll have to raise premiums which in turn doesn't help provide additional monies to the various companies that license out their games for here at BGA, on the plus side since most games are coded by the user base at least they'll be available if they need to find a new home and the company that own the license wants to again give a new place a chance.