Super David Silva 21
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For Mbappe obviously
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City borrow money from Barclays against TV revenue - any cause for concern?
- Thread starter aguerooooo
- Start date
cjn
Well-Known Member
In a word, no. Businesses of all shapes and sizes take out debt for cash flow purposes. No big deal.
Prestwich_Blue
Well-Known Member
There’s all sorts of figures being bandied about but no one knows for sure (apart from Barclays & City of course). Our domestic TV income isn’t much more than £150m so I doubt very much we’ve borrowed all that in one go. At worst it’s £50m, if that, in my opinion.
As I’ve said before, we’ve got to find probably £75-100m for the final instalment on last summer’s transfers plus the money for Mahrez. We get relatively little cash when the season starts; we get a decent wedge in December/January then the bulk of PL/UEFA money in May/June.
As I’ve said before, we’ve got to find probably £75-100m for the final instalment on last summer’s transfers plus the money for Mahrez. We get relatively little cash when the season starts; we get a decent wedge in December/January then the bulk of PL/UEFA money in May/June.
HelloCity
Well-Known Member
Just found this out .i am not saying the Sbeik is down to his last few bob, simply think a matter of restructuring finance, However part of the early argument with Napoli was payment instalments
You read it on social media.
Prestwich_Blue
Well-Known Member
Correct. It might not even be an actual loan but a revolving credit facility. It’s a common cash flow issue in the PL. Clubs get a bit of cash in August, some in December and the bulk in May. We’ll get money throughout the year from sale of tickets and instalments on season tickets, plus sale of merchandise. But we’ve got to pay wages and other operating costs all year round. So around Feb/March cash reserves tend to be low or gone altogether, meaning some need overdraft-type facilities to keep them going until the end of the season. That’s why Wardle had to put money in regularly as our cash outgoings were not even covered by our incomings. Nowadays we’re cash positive over a year but there are peaks and troughs.It's nothing we haven't done before.
It's an extended overdraft facility at preferential rates for essentially running the club throughout the year.
It's not £150m, either. It's simply a charge set against TV money if we default (it gets settled well in advance)
aguero93:20
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Bolton were in debt to the tune of 4 years TV money when they went down and it was long term debt from continually running at a loss.Bolton always seemed in debt to the tune of a years' tv money it it worked out well for them...
aguerooooo
Well-Known Member
Yes but confirmed it on legal companies siteYou read it on social media.
jimharri
Moderator
Nick Harris and Duncan Castles will be rubbing their coc hands at this.
Bolton were in debt to the tune of 4 years TV money when they went down and it was long term debt from continually running at a loss.
Not according to Burden Leisure's account.