MillionMilesAway
Well-Known Member
Something about borrowing the money and assigning the incoming TV money to the bank as surety, I think. I think it means that the actually money at the club doesn't change, but it gives some spending money upfront.
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Something about borrowing the money and assigning the incoming TV money to the bank as surety, I think. I think it means that the actually money at the club doesn't change, but it gives some spending money upfront.
I don't recall us doing this last summer although i recall PB saying we did it a while ago,our owner bailed out Barclays that time so i expect they will make it into some kind of murky shite
Think we will only spend big if we sell the likes of danilo Otomendi sane if not we probably just by a centre back to cover Kompany leaving and a midfielder.
CharliesRightPeg
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The payday loan is a cash flow thing
We get a lot of cash in big chunks, this smooths out peaks and troughs.
Standard business practice and used by Madrid recently to pay wages
We get a lot of cash in big chunks, this smooths out peaks and troughs.
Standard business practice and used by Madrid recently to pay wages
yeseye
Well-Known Member
A payday style loan ?Chew on this media
Manchester City have taken a payday-style loan from Barclays to fund a transfer window of big spending. For the second summer running, City have received forward-funded TV money, allowing the club to prove they are using genuine income. [@DanKing_1974 for @TheSunFootball]
The oil must be running out, i knew this would happen....!
kaz7
Well-Known Member
That's how i understand it as wellSomething about borrowing the money and assigning the incoming TV money to the bank as surety, I think. I think it means that the actually money at the club doesn't change, but it gives some spending money upfront.
kaz7
Well-Known Member
I wonder when we will know about a ban,sounds like we might be buying now just in caseThink we will only spend big if we sell the likes of danilo Otomendi sane if not we probably just by a centre back to cover Kompany leaving and a midfielder.
kaz7
Well-Known Member
Launch the lifeboats,put the cat out,switch off the lights,we are doneA payday style loan ?
The oil must be running out, i knew this would happen....!
A payday style loan ?
The oil must be running out, i knew this would happen....!
I know your joking but we are run as self sufficient club now for the last few years so this makes total sense.
nmc
Well-Known Member
That's how i understand it as well
It's like a cash advance. I think some of the clubs we are dealing with want the full transfer fee upfront. the buyout for Rodri would also need to be paid in one chunk. I bet most clubs do this but its only newsworthy when you are labeled a financial doper!
kaz7
Well-Known Member
Shady if you ask me ;)It's like a cash advance. I think some of the clubs we are dealing with want the full transfer fee upfront. the buyout for Rodri would also need to be paid in one chunk. I bet most clubs do this but its only newsworthy when you are labeled a financial doper!
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