Harry Kane

Obligation to buy ensures the price is fixed and the payment is made AFTER receiving the Kane money. It really is no different.
Except it depends on when the obligation to buy kicks in, could be end of next season so they have more time to get the begging bowl out if needed
 
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Obligation to buy ensures the price is fixed and the payment is made AFTER receiving the Kane money. It really is no different.
The difference is that they can use next seasons budget for it which will be remedied by the return of fans
 
The difference is that they can use next seasons budget for it which will be remedied by the return of fans
Pre-pandemic they bought Ndombele for £54 million and offset it with more than that in departures (including Eriksen) and that was after a season mostly at Wembley with average crowds of 54,000.
 
Tottenham Hotspur FC has raised a further £250m of US private placements, to pay off Bank of England loans signed during the coronavirus pandemic.

The Club has completed on an institutional fund raising of £250m, with an average tenure of over 20 years and an average interest rate of circa 2.8%. The debt stack includes a new 30-year tranche, with a bullet repayment in 2051 and is a unique financing for any sports entity with the long-term institutional debt markets.

The funds have been used to repay the £175m CCFF funding from the Bank of England, which was used to address some of the shortfall in income caused by the pandemic and will also partially repay a bank loan held by the Bank of America which had a shorter term, moving it to fixed rate 15-year money, locking in low interest rates and extending the tenure of the debt.


Tottenham's gross debt totals £831 million (€946 million), with £140 million (€159 million) owed in transfer debt, £96 million (€109 million) in tax debt, £9 million (€10.2 million) in trade creditors and £102 million (€116 million) in other creditors. All equals a total of £1.177 billion.

The club announced losses of £63.9 million (€72.9 million) for the year ending June 30, 2020. Last year Spurs was beneficent of a Bank of England program(see above) from which they drew a low-interest, short-term £175 million (€199 million) loan.


So Levy/Spurs took out a £250mill loan to pay back a £175mill loan. What was the other £75mill for, minus the interest payments?
 
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Tottenham Hotspur FC has raised a further £250m of US private placements, to pay off Bank of England loans signed during the coronavirus pandemic.

The Club has completed on an institutional fund raising of £250m, with an average tenure of over 20 years and an average interest rate of circa 2.8%. The debt stack includes a new 30-year tranche, with a bullet repayment in 2051 and is a unique financing for any sports entity with the long-term institutional debt markets.

The funds have been used to repay the £175m CCFF funding from the Bank of England, which was used to address some of the shortfall in income caused by the pandemic and will also partially repay a bank loan held by the Bank of America which had a shorter term, moving it to fixed rate 15-year money, locking in low interest rates and extending the tenure of the debt.


Tottenham's gross debt totals £831 million (€946 million), with £140 million (€159 million) owed in transfer debt, £96 million (€109 million) in tax debt, £9 million (€10.2 million) in trade creditors and £102 million (€116 million) in other creditors. All equals a total of £1.177 billion.

The club announced losses of £63.9 million (€72.9 million) for the year ending June 30, 2020. Last year Spurs was beneficent of a Bank of England program(see above) from which they drew a low-interest, short-term £175 million (€199 million) loan.


So Levy/Spurs took out a £250mill loan to pay back a £175mill loan. What was the other £75mill for, minus the interest payments?
 

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