City Football Group | Secure $650m loan facility for infrastructure projects (p 54)

[PannickAtTheDisco]

Have you seen the work they have finished in Uruguay? I think this money is probably for the Melbourne complex that they are starting soon.

whoosh.

 

[Mid Wales blue]

I see that CFC have just set up a $650 loan facility for infrastructure projects.

New chef’s knive set, for the canteen?

 

[oakiecokie]

New chef’s knive set, for the canteen?

They have stocked up with 3 years worth of chips so the bastards don`t run out of `em again.

 

[Mid Wales blue]

They have stocked up with 3 years worth of chips so the bastards don`t run out of `em again.

Unless the freezer breaks down. :-(

 

[oakiecokie]

Unless the freezer breaks down. :-(

OFFS Stop looking for negatives. ;)

 

[bluekeith]

I think he means that $650 is not even a grand.

whoosh.

You got me

 

[Xhavenjoe]

I see that CFC have just set up a $650 loan facility for infrastructure projects.

Will they be doing pay day loans for Barcelona

 

[FootballSense]

Manchester City owner raises $650m in one of football’s biggest deals

Manchester City owner raises $650m in one of football’s biggest debt deals

New money to fund expansion for Abu Dhabi-controlled City Football Group

www.ft.com

According to the Financial Times, City’s parent company (CFG) has raised $650m in one of football’s biggest ever debt deals as it steps up investment in its international network of football clubs.

Separately, CFG has also organised a revolving credit facility worth £100m with the same finance providers, though it is understood it has no immediate intention to draw down on the facility.

The new debt deal ties the group closely to western financial institutions.

Due to the pandemic which has impacted similarly on all clubs, Manchester City’s revenue fell to £478m in the 2019-2020 season, down from £535m the year before. A net loss resulted of £126m from a net profit of £10m.

 

[kun]

I see that CFC have just set up a $650m loan facility for infrastructure projects.

https://www.ft.com/content/c8cdc3f6-b7b9-45a9-8a87-f6e7bb5af92a

A stadium at last for NYCFC?

Sadly, I doubt it. Looks like they are rebuilding Melbourne's training ground.
NYCFC are, I believe, still having trouble finding a suitable location in NYC for a new stadium.

 

[117 M34]

I see that CFC have just set up a $650 loan facility for infrastructure projects.

Not interested in Chelsea :)