Loan Coming In

[Jammy89]

We've secured a loan against TV revenue for this season, should bring in a decent sum and gets us around FFP.

Hopefully this influx means we're about to spend on a striker.

The best thing I've seen about it, was that we've shopped around and got prices and now we've secured money so that we can say "here is the asking price". Rather than get dicked about more when clubs realise we have more money in.

It has been highlighted that lots of clubs do this and in doing this, it means PIF don't have to put more in and dilute the others shareholding.

[Zippity]

Looks like things are starting to happen in our pursuit of a new striker.

It's a fantastic feeling knowing we have owners in place who actually know what they're doing...and who actually want to do something as opposed to thinking of every way and excuse possible for not doing anything.

[bix01]

Appears to buy us time and allow a decent spend this window and give us time to increase commercial revenue going forward when the pïss poor sponsorship deals Ashley lumbered us with end.

[toptoon]

Looks like things are starting to happen in our pursuit of a new striker.

It's a fantastic feeling knowing we have owners in place who actually know what they're doing...and who actually want to do something as opposed to thinking of every way and excuse possible for not doing anything.

😊
Remember the eleven ‘purples’?
We should never forget what he and his regime put this club through.

[ex_pat_magpie]

��
Remember the eleven ‘purples’?
We should never forget what he and his regime put this club through.

Aye, your face goes purple when you are being strangled.

[ex_pat_magpie]

��
Remember the eleven ‘purples’?
We should never forget what he and his regime put this club through.

Talking about purples, how many does anyone think we have at the present moment. I would reckon about twelve.

[TANYA_]

We've secured a loan against TV revenue for this season, should bring in a decent sum and gets us around FFP.

Hopefully this influx means we're about to spend on a striker.

The best thing I've seen about it, was that we've shopped around and got prices and now we've secured money so that we can say "here is the asking price". Rather than get dicked about more when clubs realise we have more money in.

It has been highlighted that lots of clubs do this and in doing this, it means PIF don't have to put more in and dilute the others shareholding.

we have just changed banks, the club did use Barclays since the days of Sir John Hall and Freddy.

Stavely lost her legal case against them not so long ago and is still plssed at the outcome so we have switched to HSBC

instead.

The season tickets and tv revenue put up as collateral is simply for the overdraft facility we have got on the account.

HSBC just covering their backsides incase we used 120m overdraft and then PIF pull out of the club.

Spurs and Man City also do this to get around FFP etc, its cheaper to chip away paying off an overdraft in the short term

rather than shelling out 50m for a player with your own cash

[Alberts__Lob]

Does this loan (reported to be up to £140 million) mean we could sign Sesko and Paqueta this window for example?

[toptoon]

Sure - it’s normal for well run companies to hold sizable loans. The interest payments each year are a cost to be paid just like salaries, bills,etc.
If it can be used to dribble fair play rules (which surprises me and shows how poorly these have been thought out) then it’sa no brainer to borrow.

[Jammy89]

Does this loan (reported to be up to £140 million) mean we could sign Sesko and Paqueta this window for example?

Yes. Basically.

Means we suddenly have an additional £140 million (reported as said) to spend now.