Haha. Which bastard started the “City going into administration” thread. Jinxed it for us all.
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City & FFP | 2020/21 Accounts released | Revenues of £569.8m, £2.4m profit (p 2395)
- Thread starter Marvin
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Sir Joe Aguero
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Odd. I'm sure they know what they're doing though.
tolmie's hairdoo
Well-Known Member
Maybe we need it for Ronaldo or another biggie, having already budgeted for Mahrez and Jorgie boy!
One thing is certain, Sheikh Mansour isn't writing this one off.
One thing is certain, Sheikh Mansour isn't writing this one off.
tolmie's hairdoo
Well-Known Member
Can't even be a dodge for FFP - as they would see the money sat on the other side of the book.
tolmie's hairdoo
Well-Known Member
For context - we got £160m TV cash this season.
TCIB
Well-Known Member
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.
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.
M18CTID
Well-Known Member
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.
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 ?
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 ?
remember arthur mann
Well-Known Member
To get it's credit rating up !!Not sure why the club would need to take out a loan?
Gareth Barry Conlon
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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.