| Borrowing facility? Few people saying this is a bad thing? 13:25 - Aug 18 with 3758 views | SitfcB |
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| Borrowing facility? Few people saying this is a bad thing? on 13:29 - Aug 18 with 3648 views | Trequartista |
Hope we stay up then! |  |
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| Borrowing facility? Few people saying this is a bad thing? on 13:29 - Aug 18 with 3643 views | Guthrum |
An overdraft, by the sounds of it. |  |
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| Borrowing facility? Few people saying this is a bad thing? on 13:33 - Aug 18 with 3593 views | TractorWood |
Giving the bank a charge often helps with pricing. Doesn't really mean too much imo.
Probably priced better than an Revolving Credit Facility etc which is committed by the lender but not secured. Like this one. [Post edited 18 Aug 2024 13:33]
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| Borrowing facility? Few people saying this is a bad thing? on 13:34 - Aug 18 with 3573 views | PioneerBlue |
I don’t think it’s a good bad thing as such. It’s more a corporate finance decision to ensure adequate cash flow at the time it’s required, PL commercial income is probably lumpy. I don’t see the owners lending in this way for short term cash flow. If someone is of a different view good to hear. |  |
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| Borrowing facility? Few people saying this is a bad thing? on 13:44 - Aug 18 with 3383 views | Scuzzer |
I'm more worried about where this information was gathered from. Seems a failure of GDPR for this to be spread across social media. |  |
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| Borrowing facility? Few people saying this is a bad thing? on 13:47 - Aug 18 with 3324 views | Guthrum |
| Borrowing facility? Few people saying this is a bad thing? on 13:44 - Aug 18 by Scuzzer |
I'm more worried about where this information was gathered from. Seems a failure of GDPR for this to be spread across social media. |
Public information filed with Companies House and available on their website. | |
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| Borrowing facility? Few people saying this is a bad thing? on 13:48 - Aug 18 with 3302 views | Illinoisblue |
| Borrowing facility? Few people saying this is a bad thing? on 13:44 - Aug 18 by Scuzzer |
I'm more worried about where this information was gathered from. Seems a failure of GDPR for this to be spread across social media. |
From companies house, isn’t it? Publicly available information. |  |
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| Borrowing facility? Few people saying this is a bad thing? on 13:48 - Aug 18 with 3304 views | TheMover |
| Borrowing facility? Few people saying this is a bad thing? on 13:44 - Aug 18 by Scuzzer |
I'm more worried about where this information was gathered from. Seems a failure of GDPR for this to be spread across social media. |
I think you will find that GDPR does not apply to limited companies as the information is not about an individual. | | | |
| I think we are essentially just..... on 13:48 - Aug 18 with 3300 views | Bloots |
....getting all of our TV money (or at least the 1st two seasons) up front, rather than actually waiting for it to be paid.
I'd imagine that, as a new PL club, that we haven't got the "money in the bank" that the established teams do have, and we need the dough to pay for the flash new seats in the Directors Box.
Or something similar. |  |
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| I think we are essentially just..... on 14:38 - Aug 18 with 2846 views | blueasfook |
| I think we are essentially just..... on 13:48 - Aug 18 by Bloots |
....getting all of our TV money (or at least the 1st two seasons) up front, rather than actually waiting for it to be paid.
I'd imagine that, as a new PL club, that we haven't got the "money in the bank" that the established teams do have, and we need the dough to pay for the flash new seats in the Directors Box.
Or something similar. |
Indeed. Just to give us some liquid funds I imagine. We've spent a reasonable sum in this transfer window, plus I imagine the ground renovations have cost a few mill. We might also want to spend in January.
Last time we borrowed on the strength of TV money, it all worked out well, didn't it. Oh... [Post edited 18 Aug 2024 14:38]
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| Borrowing facility? Few people saying this is a bad thing? on 14:43 - Aug 18 with 2760 views | ArnieM |
Given our financial history I’d be amazed if the current owners are taking wild, unconsidered and unnecessary risks.
Put it this way if we did and went down the financial swanny, that could spell the end for the club as I don’t think a club can go into administration more than once can they, with severe ramifications? |  |
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| Borrowing facility? Few people saying this is a bad thing? on 14:49 - Aug 18 with 2698 views | SheffordBlue |
Kieran Maguire agrees with this tweet that it's just a cash flow thing and nothing to be concerned about:
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| Borrowing facility? Few people saying this is a bad thing? on 14:53 - Aug 18 with 2629 views | nodge_blue |
Isnt this the equivalent of getting a new job that pays you a million pounds a year, and you want to start spending a large chunk up front to buy lots of things, so you have to take a loan, rather than wait for your monthly wages. |  |
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| Borrowing facility? Few people saying this is a bad thing? on 14:54 - Aug 18 with 2611 views | Stewart27 |
Over to you, Elephant….. | | | |
| Borrowing facility? Few people saying this is a bad thing? on 15:06 - Aug 18 with 2493 views | Illinoisblue |
| Borrowing facility? Few people saying this is a bad thing? on 14:49 - Aug 18 by SheffordBlue |
Kieran Maguire agrees with this tweet that it's just a cash flow thing and nothing to be concerned about:
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Indeed. Magiire bas done lots is similar tweets for clubs doing this kind of arrangement. | |
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| Borrowing facility? Few people saying this is a bad thing? on 15:20 - Aug 18 with 2312 views | Keno |
| Borrowing facility? Few people saying this is a bad thing? on 14:54 - Aug 18 by Stewart27 |
Over to you, Elephant….. |
as he seems to be busy allow me ....
Its the remote owners raising as money as they can now against future income so they can take it all out with interest of course to pay themselves back at a premium while they can trouser the clubs future. This just the next stage in franchise FC aimed at leaving us well and truly up a creek supplied by anglia water with an over inflated squad packed full of overpaid journeyman playing for the logo of their bank and not the badge |  |
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| Borrowing facility? Few people saying this is a bad thing? on 15:32 - Aug 18 with 2196 views | SheffordBlue |
| Borrowing facility? Few people saying this is a bad thing? on 15:20 - Aug 18 by Keno |
as he seems to be busy allow me ....
Its the remote owners raising as money as they can now against future income so they can take it all out with interest of course to pay themselves back at a premium while they can trouser the clubs future. This just the next stage in franchise FC aimed at leaving us well and truly up a creek supplied by anglia water with an over inflated squad packed full of overpaid journeyman playing for the logo of their bank and not the badge |
Not a bad effort but you need "Ponzi scheme" in there for the full house. | |
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| Borrowing facility? Few people saying this is a bad thing? on 15:35 - Aug 18 with 2167 views | suffolkpoker |
| Borrowing facility? Few people saying this is a bad thing? on 15:32 - Aug 18 by SheffordBlue |
Not a bad effort but you need "Ponzi scheme" in there for the full house. |
This sounds like time shares in Malta in the naughty ninties |  |
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| Borrowing facility? Few people saying this is a bad thing? on 16:57 - Aug 19 with 1513 views | PhilTWTD |
As others have said, I don't think this is anything unusual. It's an overdraft facility if required. It gives the club the ability to draw funds immediately, say for a transfer, rather than have to wait for funds from shareholders, which can take a couple of weeks.
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