£7.5m bank loan

[cooperblade]

 

[Barney]

We ain't got a barrel of money...

...but we've got bank loans cos of, Brooksy

 

[madeinsheffield]

He's concerned about the bankruptcy of the entire city on his tweet too

#we'reUnitednotSheffield

 

[JohnDenver]

The question begs, what are we spending the moneh on so soon that it needs a loan? I imagine our signings are paid for in instalments too, so that wouldn’t seem to require all the loan money up front.

I hope it’s not to cover club running costs whilst the owners bicker.

 

[McGrath]

Does this mean we're spending 7 million in January or does it mean we've got a black hole in the finances that needs filling?

 

[alcoblade]

Does this mean we're spending 7 million in January or does it mean we've got a black hole in the finances that needs filling?

We always have had a black hole, generally filled by emptying the owners pockets.

 

[LoughboroBlade]

Does this mean we're spending 7 million in January or does it mean we've got a black hole in the finances that needs filling?

Wer’s monneh goin?

 

[Sean Thornton]

Wonder who'll be the first to claim its to pay McCabes legal fees re ownership?

 

[Barney]

Wonder who'll be the first to claim its to pay McCabes legal fees re ownership?

Weerz legal fees gone

 

[LJBlade]

We always have had a black hole, generally filled by emptying the owners pockets.

I thought the black hole was being caused by the owners (specifically McCabe) filling their pockets, not the other way around?

 

[I should coco]

does it mean we've got a black hole in the finances that needs filling?

Broken record time from me again......

A 5 letter word that begins with a 'w', ends in an 's' and sounds like WAGES

 

[dublin 10 blade]

Broken record time from me again......

A 5 letter word that begins with a 'w', ends in an 's' and sounds like WAGES

Wanks

 

[SteveBlade]

 

[raul]

Is the loan we took out for the last JTW settled?

 

[Dkc]

If we'd demanded the Brooks money up front (and surely Bournemouth could afford it) there'd be no need for a loan

 

[Nicolaus_Copernicus]

We seem to be doing good business with Shawbrooks. Which is nice.

 

[Nicolaus_Copernicus]

Is the loan we took out for the last JTW settled?

No.

https://beta.companieshouse.gov.uk/company/00061564/charges

 

[DronnieBlade]

Unnamed Essex based bank ??

Base + 6.5% ??

Shyte idea TBH.

UTB

 

[him behind you]

Things going well on the pitch so we need to find something else to panic over.

 

[BigBed]

He's concerned about the bankruptcy of the entire city on his tweet too

#we'reUnitednotSheffield

I don't mind being called "Sheffield", afterall, it could be alot worse, Wendy have to make do with, "ex-pig farm on the outskirts of Barnsley".

 

[Pedro's Winger]

So at least we know the prince and kev haven't kissed and made up yet.

 

[HighfieldBlade]

We ain't got a barrel of money...

...but we've got bank loans cos of, Brooksy

...And with Eddie Colquhoun,
We'll pay it off soon,
U-NI-TED

(all together now...)

 

[Sean Thornton]

Unnamed Essex based bank ??

Base + 6.5% ??

Shyte idea TBH.

UTB

Named Essex based bank.

 

[SouthEssexBlade]

Named Essex based bank.

 

[Trafford]

Named Essex based bank.

And 6.5% is the default interest rate, which normally only applies if payment terms aren’t adhered to. But never let the facts get in the way of a pre-conceived opinion.....

 

[AWetFlannel]

McCabe is a peado?
Prince recorded tugging it?

 

[Smirth]

I would imagine this is fairly standard practice from football clubs with transfer deals such as this.

Rather than wait for the instalments, we have the money available now in the form of a loan to be used.

Don’t really see why it’s a cause for concern?

 

[bromtom]

Seems quite sensible to me but then again, I'm terrible with money.

Our accounts are the complimentary bread while you're waiting though I imagine, other clubs are the main course.

Interested to see some of the P&S troublers.

 

[Blade58]

This is not new. Utd and other clubs do it on a regular basis

I presume from what I've read that we received a £4m up front payment from Bournemouth and the balance we've borrowed against the remainder of the fee

 

[Pedro's Winger]

I would imagine this is fairly standard practice from football clubs with transfer deals such as this.

Rather than wait for the instalments, we have the money available now in the form of a loan to be used.

Don’t really see why it’s a cause for concern?

Not sure it's that standard practice and I think our popping to the Bank of Essex began when the owners fell out.
It's probably in place of the owners themselves actually fronting up.