Borrowing for transfers

[blades58]

Is that the reason?

A loan secured against the clubs assets

"Shawbrook Bank which provides loans to those unable to borrow from commercial banks. There will be an extra 7.5 per cent penalty interest charge if they fail to meet repayments."




https://footballeconomyv2.blogspot.c...transfers.html

[blades58]

Does that mean we aren't selling Brooks, or should we sell Brooks to stop the need for a loan? (two loans actually)

[Chips1889]

Without better evidence of these 'loans' then I doubt the validity of this report.


Just re-read my comment and should have just put "crap".

[Carpe_diem]

Without better evidence of these 'loans' then I doubt the validity of this report.


Just re-read my comment and should have just put "crap".

If you click on the link in the report: https://beta.companieshouse.gov.uk/c...filing-history

You can see that there's definitely something to do with the bank mentioned (view the PDFs for both Registration of charges on the 20th December).

However, Shawbrook Bank may well be a legitimate banking facility for business accounts, and there may be nothing of any interest (pun not intended) in this...

This in particular from the Shawbrook site was interesting:

"Working capital to make your funds work harder

Enabling the big steps in business
Acquisitions, buy-outs, re-structuring. Key events in the history of any business, and almost always dependent on access to funding.

At Shawbrook, we could help provide the capital you need to navigate these events in a more creative and flexible way than you might find elsewhere. That’s because we get to know you and your business before using our expertise and judgment to tailor a solution, rather than simply following a process and ticking boxes.

For many of our customers, that makes all the difference."

[blades58]

If you click on the link in the report: https://beta.companieshouse.gov.uk/c...filing-history

You can see that there's definitely something to do with the bank mentioned (view the PDFs for both Registration of charges on the 20th December).

However, Shawbrook Bank may well be a legitimate banking facility for business accounts, and there may be nothing of any interest (pun not intended) in this...

This in particular from the Shawbrook site was interesting:

"Working capital to make your funds work harder

Enabling the big steps in business
Acquisitions, buy-outs, re-structuring. Key events in the history of any business, and almost always dependent on access to funding.

At Shawbrook, we could help provide the capital you need to navigate these events in a more creative and flexible way than you might find elsewhere. That’s because we get to know you and your business before using our expertise and judgment to tailor a solution, rather than simply following a process and ticking boxes.

For many of our customers, that makes all the difference."

Or from a poster on S2 perhaps could be a way of:

"The documents are quite interesting - one is a charge over cash deposited in a bank account (effectively cash security) and the other appears to be an assignment over transfer contracts. It looks to me like they have agreed some form of securitisation against the total value of transfer fees, which isn’t uncommon given that you typically only get c25% up front. Question is, who could we be selling to warrant setting up such a facility?"


Or as another poster simplifies (if correct of course): "Basically a bridging loan to bring players in on 1 Jan whilst the money for Brooks is being paid to us?"

[rodcurrie]

Or from a poster on S2 perhaps could be a way of:

"The documents are quite interesting - one is a charge over cash deposited in a bank account (effectively cash security) and the other appears to be an assignment over transfer contracts. It looks to me like they have agreed some form of securitisation against the total value of transfer fees, which isn’t uncommon given that you typically only get c25% up front. Question is, who could we be selling to warrant setting up such a facility?"


Or as another poster simplifies (if correct of course): "Basically a bridging loan to bring players in on 1 Jan whilst the money for Brooks is being paid to us?"

Hanson or Lavery to Barnsley for £10million is my guess.UTCB

[seanbeanstattoo]

If McCabe and the BRP's credit is that gash they can't get a loan from a mainstream commercial source god help us.
Bet they haven't tried the Co-op. They don't want the loan back. Free money.

[Carpe_diem]

If McCabe and the BRP's credit is that gash they can't get a loan from a mainstream commercial source god help us.
Bet they haven't tried the Co-op. They don't want the loan back. Free money.

[FatherKnowsBest]

Hurrah..! Some ambition at last..!

[seanbeanstattoo]

Hurrah..! Some ambition at last..!

What ambition?
If they borrow against Brooks transfer do you really think they'll give him more than buttons?
Wilder has already said his JTW incomings are at best Leonard and a few loanees.
You really don't understand how owning a football club works.
You avoided acknowledging how fundamentally different it is to ANY OTHER TYPE OF BUSINESS. Now is the time to go for it and if you really don't get that then you are actually part of the small minded village mentality that has meant SUFC has totally underachieved for over a century and will never change.
Never mind.
There's no way we could possibly compete with such long standing football powerhouses like
Bournemouth
Watford
Burnley
Huddersfield
WBA
Palace
SWANSEA FFS
Stoke
Southampton
Leicester

Frankly you and all who think like you are a joke and should wander off and play bowls or support Northwich f u c king Victoria!