citizen_maine
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- Joined
- 29 May 2011
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Bigly
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City Football Group | Secure $650m loan facility for infrastructure projects (p 54)
- Thread starter MCFC1993
- Start date
Patientman63
Well-Known Member
Georgian Maestro
Well-Known Member
New York Red Bulls is more Tony Soprano's territoryNYC would be Jonny Sack's turf iirc ha
Centurions
Well-Known Member
Massively bigger.#
Is huge bigger than massive?
manimanc
Well-Known Member
So we can fit in with Uefa's criteria.Why are we taking on Debt ?
BlueBlood84
Well-Known Member
Surely Butchie by nowNYC would be Jonny Sack's turf iirc ha
Why are we taking on Debt ?
Because maybe it can be a good thing to safeguard global companies.
Our owner could plough his own money in. But countries can suddenly change things to suit themselves. If global banks have an interest in a business paying back a loan, then they can have huge influence in a countries policies.
This has nothing do with City anyway. The debt won't be registered with us like the rags debt is.
Prestwich_Blue
Well-Known Member
My guess (and it's only a guess) is that we want to finance some major spending within CFG (NYCFC stadium?) but the Covid crisis has forced us to use much of the $500m that Silverlake put in. So we need more cash to do this.Why are we taking on Debt ?
Of course, ADUG could simply inject cash via equity but that would dilute the shareholdings of CMC and Silverlake. Currently CMC have 14% and Silverlake 10%, with ADUG owning the other 76%. If ADUG took more shares, their percentage ownership would go up and that of the other two groups decrease.
Centurions
Well-Known Member
I mentioned it earlier but wouldn't the Arena be involved in some way given we've committed to halfies with Oak View on it?My guess (and it's only a guess) is that we want to finance some major spending within CFG (NYCFC stadium?) but the Covid crisis has forced us to use much of the $500m that Silverlake put in. So we need more cash to do this.
Of course, ADUG could simply inject cash via equity but that would dilute the shareholdings of CMC and Silverlake. Currently CMC have 14% and Silverlake 10%, with ADUG owning the other 76%. If ADUG took more shares, their percentage ownership would go up and that of the other two groups decrease.
Could cmc or silver Lake veto this if it is what adug wanted to do?My guess (and it's only a guess) is that we want to finance some major spending within CFG (NYCFC stadium?) but the Covid crisis has forced us to use much of the $500m that Silverlake put in. So we need more cash to do this.
Of course, ADUG could simply inject cash via equity but that would dilute the shareholdings of CMC and Silverlake. Currently CMC have 14% and Silverlake 10%, with ADUG owning the other 76%. If ADUG took more shares, their percentage ownership would go up and that of the other two groups decrease.