£7.5m bank loan

[nopigfansintown]

Sooooo..

Seems on the face of it there may be two scenarios at play..

1: money secured early in order to ensure the boardroom unrest and financial stalemate does not affect the player recruitment in January, enabling the manager who’s “working miracles” to complete the job, or at least secure a higher finish than last season by funding recruitment or wages for loanees ( a realistic push for a playoff spot ).


2: Secure a loan against incoming fees from a player sale to run the club whilst the owners are at stalemate, using money that one half of the directorship won’t ever see should he be the losing party, in effect the club pays for its own running costs with no further financial exposure to either of the warring parties, plus the brooks windfall would be in effect shared by both owners now, the other way the winner would “take all” a year or two down the line when further payments are made by bournmouth..


Based on reading all the posts about prince and kmc I’m going for point 2 as it was stated we needed £5 million at the start of the season to keep the club running while the fight is on upstairs (which was why the brooks deal was done early wasn’t it) and of course we’ve recruited players since and will have incurred additional costs, so I expect another lean January..

Sorry, just how I think this situation will probably pan out.. I might be miles out though..

Wilder says the opposite. Money to spend in January if needed.

 

[LoughboroBlade]

Loaning against guaranteed future earnings isn’t exactly a new practice for us, boardroom issues or not. When the Tevez total payment was announced, we took out a loan for the future expected instalments.

 

[Darthblade]

Ok I can see 2 scenarios:
We stay in this league, the fight continues.
We get promoted nobody can get at the cash anyway while ever the ownership is uncertain, nobody can sell unless it's to the other party and the asking price for half a Premiership club surely has to be in excess of 20 million. No club money can be invested in the ground but it'll have to be spent otherwise the taxman will take a chunk.
Does this sound about right?

Its the "Blades way"

UTB & FTP