City & FFP | 2020/21 Accounts released | Revenues of £569.8m, £2.4m profit (p 2395)

Not arsed, these guys know exactly what they are doing. I assume from us bailing Barclays out we also have a rock solid working relationship with them.

As a non financial chap i hear having some loan/debt is good or something, not sure why but maybe this is a way for us to accrue some healthy debt if there is such a thing.
 
TCIB said:
Not arsed, these guys know exactly what they are doing. I assume from us bailing Barclays out we also have a rock solid working relationship with them.

As a non financial chap i hear having some loan/debt is good or something, not sure why but maybe this is a way for us to accrue some healthy debt if there is such a thing.
Click to expand...

Yeah - it could be earmarked for the proposed North Stand expansion. Would make sense to pay for it via a loan providing the interest rate is attractive enough. I'm not overly worried as we're unlikely to be falling off a cliff anytime soon.
 
I'm sure Sheikh Mansour has had previous dealings with Barclays before.

Perhaps we could see him buying shares in the bank again, and writing off the loan at their end...?

Would that work and bi-pass FFP to make a big signing ?
 
This is nothing to worry about. It is a charge of the income derived from TV rights etc, this is standard security in Football finance. The 'lender' is Barclays who provide the basic Banking facilities to most big football clubs (every other Bank having been scared off by the potential for losses and bad PR following the demise of Leeds / Chelsea pre Abramovich etc. The link to Barclays from their sponsorship days and part of the deal). This is most likely in relation to an overdraft as we know our owners are cash rich however at the same time borrowing money is a strategy employed by many successful businesses, there are various reasons as to why you would do it.
 
bluedan said:
I'm sure Sheikh Mansour has had previous dealings with Barclays before.

Perhaps we could see him buying shares in the bank again, and writing off the loan at their end...?

Would that work and bi-pass FFP to make a big signing ?
Click to expand...

No - that would be fraud. Nice try though.
 
We are self sufficient so I’d guess this the way will role if we spending big better having good debt paying it of over a long time anyway uefa seem to love clubs who have debt so we really made it now ;)
 
Might just be short-term borrowings and they expect to pay it back fairly quickly so Mansour does not want to tie additional money up in the club at this point.

Maybe it's all part of Mansour wanting the club to completely manage its own finances at this point.

The need for the cash could be related to transfers.

There's lots of reasons why this might have been done and most of them shouldn't be a cause for concern.
 
M18CTID said:
Yeah - it could be earmarked for the proposed North Stand expansion. Would make sense to pay for it via a loan providing the interest rate is attractive enough. I'm not overly worried as we're unlikely to be falling off a cliff anytime soon.
Click to expand...

It would have to be by loan, wouldn't it ?
We haven't got a big piggy bank or savings in the tsb.
 
I guess that our owner has said to ADUG that now they are self sufficient his initial investment has ended and they are now in charge of the financial future of CFG.
Let ADUG decide about players and infrastructure risk whilst he moves on to starting other projects.
 
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