The Prince and cash flow

[mancunianblade]

Nice little video from Tifo Football explaining the process

 

[Addison]

Nice little video from Tifo Football explaining the process

Thanks for that MB. After listening to that its clear the Prince is using the money to improve the Ladies changing facilities at Shirecliffe after his daughter recently complained .

A good summation though of how Football Clubs borrow money constantly to manage their ongoing finances. The fact 75% do it in the Prem and nearly all EFL Clubs do explains obtaining loans is a common practice and not an indication of a Club experiencing financial difficulties.

 

[raul]

Glistens. Fucking Glistens.

 

[ElephantBlade]

The Porktalk servers are about to go into meltdown....

will give them something to squeal about, makes a change for them. Usually just it’s just desperate drivel about Everton coming in for Wilder.

 

[1973Blade]

I thought that now programmes had gone up to £3.50 money wouldn't be an issue.

 

[Sean Thornton]

Glistens. Fucking Glistens.

No it's not. The original was glisters. Glistens is a lazy modernism. And incorrect anyway.

Glisters means to sparkle. Another word for "glitters".

Glisten is a shine on something wet.

 

[Th!stledo]

Just a thought: In our case, if Moussett is typical of our dealings then we would have staggered our payments for all our transfers this summer. So any loans made would have to factor in the outstanding balances on those players. I don't know how much and when the Premier League money is paid out.

Somebody showed me a 'Pay Loan' leaflet recently. If the Prince needs a top-up at all. For a tad over 1400% APR he can get and extra £200 loan, no questions asked.

 

[GRUMPY BLADE]

Who the heck is "The Sheffield United Football Club"??

We are the Sheffield United, we play in the red white and black.

 

[GRUMPY BLADE]

Pretty much what McCabe did with Tevez money if I remember correctly.

Although he gave that money to Bryan Robson.

Think you meant the Red Lion.

 

[Houston_Blade]

Wonder if he needs the cash to pay for his shares?

If so it will be interesting next to see what happens next year when he has to pay for the properties.

A mortgage would be a decent guess.

 

[Th!stledo]

No it's not. The original was glisters. Glistens is a lazy modernism. And incorrect anyway.

Glisters means to sparkle. Another word for "glitters".

Glisten is a shine on something wet.

I am sure the Bard would be very proud of your correction and explanation.

 

[Tezza1889]

We know he isn’t cash rich, we’ve just seen a court case triggered by the fact he didn’t have his half of 5 mill for the jan transfer window last season, however if anybody thought mcabe wouldn’t employ the same strategy had he won, think again..

So long as we stay up, it’s fine, go down and it’s devastation..

 

[Bennyand the Blades]

We know he isn’t cash rich, we’ve just seen a court case triggered by the fact he didn’t have his half of 5 mill for the jan transfer window last season, however if anybody thought mcabe wouldn’t employ the same strategy had he won, think again..

So long as we stay up, it’s fine, go down and it’s devastation..

Again......

 

[Nick Jansky]

no, it indicates that we're already overspending on a current account basis.

That may be due to cash flow timing differences but it certainly doesn't give any indication that the manager will get any additional funds, and in my opinion (and it's only an opinion) it is more likely to indicate the opposite.

I think your opinion is a bit last century. Businesses borrow against future guaranteed income for short term cash flow.

 

[metalblade]

The poor old Prince can't win can he? He borrows off an Aussie bank and someone has to moan, imagine if he had borrowed off the bank of Bin Laden the thought of the meltdown on here would be frightening.

 

[Greasy Chap Butty]

It makes more business sense to not !!!

UTB

Why what interest rate is it at?
What would the cost be of injecting his own money?

 

[Maidenhead]

I think your opinion is a bit last century. Businesses borrow against future guaranteed income for short term cash flow.

But they can only spend it once whether it's now or later.

If they're spending it to make infrastructure improvements, as has been suggested, then I have no issues.

If on the other hand we're already spending more than we have coming in on operating costs then the future looks a lot less rosy.

 

[Greasy Chap Butty]

But they can only spend it once whether it's now or later.

If they're spending it to make infrastructure improvements, as has been suggested, then I have no issues.

If on the other hand we're already spending more than we have coming in on operating costs then the future looks a lot less rosy.

Did you notice any new signings between Championship and Prem?

 

[Sean Thornton]

But they can only spend it once whether it's now or later.

If they're spending it to make infrastructure improvements, as has been suggested, then I have no issues.

If on the other hand we're already spending more than we have coming in on operating costs then the future looks a lot less rosy.

It's all what ifs but why would you think it's to cover losses with an income of up to £130m? That's over £100m extra costs from 2018.

 

[Maidenhead]

Did you notice any new signings between Championship and Prem?

Yep, and I'm hoping for more in the future.

 

[Maidenhead]

It's all what ifs but why would you think it's to cover losses with an income of up to £130m? That's over £100m extra costs from 2018.

I don't think anything.

Idle speculation

 

[Sean Thornton]

I don't think anything.

Idle speculation

Why speculate along those lines if there's no thinking behind it?

 

[Maidenhead]

Why speculate along those lines if there's no thinking behind it?

Why not?

 

[HolmesfieldBlade]

Normal modern football finance.

As stated in the tweet...

 

[I should coco]

Glistens. Fucking Glistens.

No it's not. The original was glisters. Glistens is a lazy modernism. And incorrect anyway.

Glisters means to sparkle. Another word for "glitters".

Glisten is a shine on something wet.

Once again our Sean Thornton nails it.
He's correct that is the old usage and it actually makes more sense.

Don't tell him though, in case it goes to his head.

 

[I should coco]

Glistens. Fucking Glistens.

No it's not. The original was glisters. Glistens is a lazy modernism. And incorrect anyway.

Glisters means to sparkle. Another word for "glitters".

Glisten is a shine on something wet.

Once again our Sean Thornton nails it.
He's correct that is the old usage and it actually makes more sense.

Don't tell him though, in case it goes to his head.

 

[I should coco]

Why speculate along those lines if there's no thinking behind it?

Why not?

Presumably twatter is down for the evening and you fancy some good old fashioned shit stirring with the chaps on S2?

 

[Sean Thornton]

Once again our Sean Thornton nails it.
He's correct that is the old usage and it actually makes more sense.

Don't tell him though, in case it goes to his head.

Is this dogger I see before me.....



(Bows)

 

[Charlieblade]

Why what interest rate is it at?
What would the cost be of injecting his own money?

As a Muslim, from a wealthy Muslim country, i'm sure he would have no problem raising funds. The problem there is, Muslim money could have riders attached to it, concerning what it was used for and how it was spent.
This way it's a western loan to a western company and the details are transparent. The Prince keeps his personal funding out of club business, by following the example of other clubs in English football.
McCabe has put his own money into the club in the past, and look how that turned out.

 

[Paulus]

Would be v unhappy if he’s using it to pay for shares or property assets - that’s basically what the Glazers did at MU, used the clubs money to fund their takeover.