oakiecokie
Well-Known Member
If he signs I`ll let him have my missus`s bush.
Harry Kane
- Thread starter Super Joey Hart
- Start date
malg
Well-Known Member
Christ, that's eye watering. Glad they're much better run than us otherwise if I was a Spuds fan I'd be concerned.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.
Club announcement - Finance update - CCFF repaid, short-term debt replaced with long-term | Tottenham Hotspur
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...www.tottenhamhotspur.com
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.
London: Spurs in serious debt over stadium construction
stadiumdb.com
So Levy/Spurs took out a £250mill loan to pay back a £175mill loan. What was the other £75mill for, minus the interest payments?
Cellarite
Well-Known Member
- Joined
- 12 Jan 2010
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- 25,989
- Team supported
- Manchester City
Good grief.
bluetonium
Well-Known Member
Wouldn't that require Levy to be a gentleman!
Kane won't want the stick either, it'll be after weekend if it happens.
urban genie
Well-Known Member
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- 11 May 2008
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- 32,591
Think will sign before wednesday, about £120M + usual guff, won't be ready to play sunday as not match fit
Jokithedruid
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- 20 May 2012
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- 981
Probably not this week, but maybe next week?
No chance lol, I can't see it progressing so quick. Will be lucky if he is signed week before window closes
urban genie
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May well be, but I just think for spurs they won't want to go into the first game and Nunos first official competative game with it a circus about Kane.
If he is still there all talk and attention will be about him especially if in the ground, if we already have him, we leave him in Manchester and give him the weekend to move house.
Both teams will want the game preperation and day to be the focus, not Kanes transfer.
In my opinion getting it done this week suits both better.
I am probably wrong tbh though and this will drag on.
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.
Club announcement - Finance update - CCFF repaid, short-term debt replaced with long-term | Tottenham Hotspur
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...www.tottenhamhotspur.com
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.
London: Spurs in serious debt over stadium construction
So Levy/Spurs took out a £250mill loan to pay back a £175mill loan. What was the other £75mill for, minus the interest payments?
When do they have to pay the 96m tax bill of by?
Spurs fan in peace.
We are a well run club ofcourse financially. I have seen some post here alluding to Spurs going towards financial oblivion interms of debt. Yes, it does look huge. Covid really did hurt us the most in PL given so much dependent on revenues from stadium. But we will fine...as long as there is no further lockdowns.
Our only issue is, no focus given football side in last 3-4 years. But things are quite optimistic this summer with Fabio Paratici, new DoF, already doing some smart deals and Levy taking a step back from making transfer negotiations.
As for as Kane, fan base is extremely disappointed in how he has gone about things, especially given, fans were on his side till May, even if he was leaving us.
As for as any potential transfer - City set the marker themselves. Having paid Grealish 100m, the minimum fair value expected for Spurs will be 160m. Ball is on city court. If they come up with that valuation, deal will happen.