Every club is in deep shit, mate. Every business in the hospitality, sports and entertainment industries is in deep shit.
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Spurs thread 2019/20
- Thread starter Ric
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Every club is in deep shit, mate. Every business in the hospitality, sports and entertainment industries is in deep shit.
It's a Covid Corporate Financing Facility, repayable with a 0.5% interest rate.How the actual fuck have they secured this loan at these rates?
Cotswold Knight
Well-Known Member
UEFA should ban them from Europe along with all the others with massive debt
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blueinsa
Guest
It's a Covid Corporate Financing Facility, repayable with a 0.5% interest rate.
I know what it is.
How has a football club in the world's richest league and under FFP rules got this money?
Anyone?
discopop
Well-Known Member
I know what it is.
How has a football club in the world's richest league and under FFP rules got this money?
Anyone?
They met a very stringent set of rules to get it by all accounts and out of all the other clubs only the Rags would be eligible both due to having good credit ratings due to recent big debt refinancing, personally I think they should have a transfer ban slapped right on them till they pay it back.
Every club is in deep shit, mate. Every business in the hospitality, sports and entertainment industries is in deep shit.
Agree difference is our owner will cover it you have rich owners but rather add to the massive debt of the stadium.
this drives me up the wall ?? clubs taking big loans on assets and spurs will be in a right mess come the time when football will be back. they say at least 50% or more will never get back on track when everything settles down and the money will not be there anymore ?? tv companies will having to cut there cloths on tv deals and the £billions clubs used to get will be cut in half
so spurs again turn to the banks and this is after the new ground was pay for by loans ??? dodgy foundations and could come crashing down in a blink of a eye
so spurs again turn to the banks and this is after the new ground was pay for by loans ??? dodgy foundations and could come crashing down in a blink of a eye
cleavers
Moderator
Corrected for you.....Agree difference is our owner will cover it you have rich owners but rather add to the massive debt of the country.
Levy pushing the we need to find away to get fans back in the stadiums!
Yep no fans means bank loans fit most clubs or there owner to put his hand in his pocket!
Problem is even s % of the attendance say 10% ain’t paying the bills plus the planning and the time those fans getting in and out of the stadiums would be a nightmare! So unless there is a vaccine or by some miracle the virus just dies away bit like SARS has football clubs are going to struggle or even go bust.
Yep no fans means bank loans fit most clubs or there owner to put his hand in his pocket!
Problem is even s % of the attendance say 10% ain’t paying the bills plus the planning and the time those fans getting in and out of the stadiums would be a nightmare! So unless there is a vaccine or by some miracle the virus just dies away bit like SARS has football clubs are going to struggle or even go bust.
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