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Zipwire

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In 19-20 and 20-21 we took out loads of loans with them in lieu of the television money.

Are they all settled up now and did we take any of these loans next season?
 



Check Companies House, all the details will be listed.

When I last checked we'd paid off all previous loans to them but then taken another fairly small one which I assume was to aid cash flow until Sky payments rolled in. If memory serves we may have took another relatively small one but certainly not at the numbers we'd seen previously.
 
Zipwire said:
In 19-20 and 20-21 we took out loads of loans with them in lieu of the television money.

Are they all settled up now and did we take any of these loans next season?
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He's had 36 in the past 5 years. He's paid off 31 in the past 5 years. There are still 5 outstanding loans , one being the big mortgage to buy us. You will see they are all secured on Sheffield United FC Prem & Parachute Money not United World or his name. Even though all the money wasn't spent on us. https://find-and-update.company-information.service.gov.uk/company/00061564/charges
 
Laney Blade said:
He's had 36 in the past 5 years. He's paid off 31 in the past 5 years. There are still 5 outstanding loans , one being the big mortgage to buy us. You will see they are all secured on Sheffield United FC Prem & Parachute Money not United World or his name. Even though all the money wasn't spent on us. https://find-and-update.company-information.service.gov.uk/company/00061564/charges
Click to expand...


If all the PL money goes directly to United Worlds bank account how have SUFC Limited paid off 31 charges?

And of course, no surprise here, it’s not 36 in five years :)
 
It almost always baffles me when people actually believe clubs pay transfer fees upfront.

& people think the figures in the media are 100% accurate when alot of deals include addons that 90% of the time won't be met.
 
ThatJa said:
It almost always baffles me when people actually believe clubs pay transfer fees upfront.

& people think the figures in the media are 100% accurate when alot of deals include addons that 90% of the time won't be met.
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There are eeals with fees paid up front. Clubs in financial trouble will take lesser fees to get all the money now and avoid having to borrow more money
 
Carlton Blade said:
There are eeals with fees paid up front. Clubs in financial trouble will take lesser fees to get all the money now and avoid having to borrow more money
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Or like Everton buying Beto, request to pay as little as possible up front and back load the rest into several years later.

They’re a ticking time-bomb aren’t they
 
beatific blade said:
Or like Everton buying Beto, request to pay as little as possible up front and back load the rest into several years later.

They’re a ticking time-bomb aren’t they
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It's like having pay day loans, 75%APR credit cards and a store card for Limey's, but all with £200m on.

Hard to see a way out that doesn't involve some key people eating £100s of millions of debt
 
Carlton Blade said:
It's like having pay day loans, 75%APR credit cards and a store card for Limey's, but all with £200m on.

Hard to see a way out that doesn't involve some key people eating £100s of millions of debt
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But if you don’t keep winning plenty of money from lottery tickets and premium bonds one year, you’ll get downgraded to shopping at Toys R Us and unable to service the credit card balance
 



beatific blade said:
But if you don’t keep winning plenty of money from lottery tickets and premium bonds one year, you’ll get downgraded to shopping at Toys R Us and unable to service the credit card balance
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That's where Freeman's catalogues come in...
 
Every single club does this. Premier league payments come in instalments through the calendar year. Clubs take out a “loan” where a bank (quite often mcquarie) pays them the full amount at the start of the season and all the instalments get paid straight to the bank - with a bit of interest.
 
ThatJa said:
It almost always baffles me when people actually believe clubs pay transfer fees upfront.

& people think the figures in the media are 100% accurate when alot of deals include addons that 90% of the time won't be met.
Click to expand...
Newcastle did for Gordon I think. It was a talking point as it was a rarity
 
Sean Thornton said:
If all the PL money goes directly to United Worlds bank account how have SUFC Limited paid off 31 charges?

And of course, no surprise here, it’s not 36 in five years :)
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We pay the monthly installments out of money from season tickets, hospitality boxes , the 3 matchday restaurants , sponsorship money, club shop sales , events , weddings etc. There's loads of dosh rolling into the club without the Prem money & parachute payments which go to United World. Mohammed Alghadi on our board is also the CEO of United World. If you don't believe me look it up.
 
Laney Blade said:
We pay the monthly installments out of money from season tickets, hospitality boxes , the 3 matchday restaurants , sponsorship money, club shop sales , events , weddings etc. There's loads of dosh rolling into the club without the Prem money & parachute payments which go to United World. Mohammed Alghadi on our board is also the CEO of United World. If you don't believe me look it up.
Click to expand...
And if you've checked on Companies House we still owe £80M. Which is another reason he can't sell us to a genuine buyer. A genuine buyer wants a debt free club. Not £170 M PLUS pay off all the debts.
 
Laney Blade said:
We pay the monthly installments out of money from season tickets, hospitality boxes , the 3 matchday restaurants , sponsorship money, club shop sales , events , weddings etc. There's loads of dosh rolling into the club without the Prem money & parachute payments which go to United World. Mohammed Alghadi on our board is also the CEO of United World. If you don't believe me look it up.
Click to expand...
Oh dear. More made up nonsense.

Non PL income amounted to £20m in the last accounts. Total income was £63m. So if, as you say, the £20m pays the loans, who pays the wages/cost of sales, (£57m per the accounts) if the £43m PL money is taken by UW?

(Then of course there are transfer payments, interest and £20m in admin costs. Oh, and losses to fund. Clearly no accountants on Table 18. Not even anyone with a calculator it seems)
 

Laney Blade said:
And if you've checked on Companies House we still owe £80M. Which is another reason he can't sell us to a genuine buyer. A genuine buyer wants a debt free club. Not £170 M PLUS pay off all the debts.
Click to expand...

Obviously unlike yourself l’m not privy to the asking price as getting it from some hack with copy to find isn’t really the way to go about things. Maybe your experience in such matters differs from mine?
 
Laney Blade said:
And if you've checked on Companies House we still owe £80M. Which is another reason he can't sell us to a genuine buyer. A genuine buyer wants a debt free club. Not £170 M PLUS pay off all the debts.
Click to expand...
How do you know that an asking price of £170m doesn’t break down as £90m to Prince and £80m to pay club debt?
 



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