Registration of Charge

[Sly]

Something happening? 

[urban.spaceman]

Something to do with Macquarie?

[FoxesWalk]

These notices are related to security when taking out a loan, I think 

[taupe]

Yep, MR01 is for registering a loan or mortgage and the like. 

 

A quick look (without having to pay!) says there are 23 charges registered in total, 12 of which satisfied. Meaningless really without context etc, and completely normal.  

Edited 17 August 2022 by taupe

[Nalis]

Depends what the charge is for, as FoxesWalk says its likely a loan that secured against assets if not repaid. From the same bank as the others. Hasnt been uploaded for public viewing yet.

 

Reading between the lines - we're obviously refinancing to get Ronaldo to the KP

Edited 17 August 2022 by Nalis

[urban.spaceman]

3 minutes ago, urban.spaceman said:

Something to do with Macquarie?

Confirmed.

 

Charge code0459 3477 0023

Created

10 August 2022

Delivered

15 August 2022

Status

Outstanding

• Image unavailable

Transaction Filed

Registration of a charge (MR01) 

Persons entitled

• Macquarie Bank Limited London Branch

Brief description

N/A.
Contains fixed charge.
Contains negative pledge.

 

Glad that it's rated outstanding. Good business

[filbertway]

Sounds like the same loan we seem to take out every season to give us cash up front

[StanSP]

Well at least that's 2 new registrations for the club this summer. 

 

Smithies and a bank loan. 

 

SEASON IS BACK ON! 

[FoxesWalk]

Just now, filbertway said:

Sounds like the same loan we seem to take out every season to give us cash up front

Yeah I think a lot of premier league clubs borrow against the guaranteed income of £100 odd million just for finishing bottom of this league 😅

[coolhandfox]

It just for cash flow.

 

We take a loan to have the PL money upfront and pay it back when we receive the money from the PL.

[Collymore]

Just now, coolhandfox said:

It just for cash flow.

 

We take a loan to have the PL money upfront and pay it back when we receive the money from the PL.

I wonder what the bank charges for that. It's almost guaranteed repayment, bet they make a few million for doing practically nothing. 

[Guest Sharpe's Fox]

Foxestalkers with their own finances

 

 

Foxestalkers with LCFC finances

 

[coolhandfox]

10 minutes ago, Collymore said:

I wonder what the bank charges for that. It's almost guaranteed repayment, bet they make a few million for doing practically nothing. 

Swiss ramble states its between 2-5%, easy money.

 

Edited 17 August 2022 by coolhandfox

[Sly]

15 minutes ago, StanSP said:

Well at least that's 2 new registrations for the club this summer. 

 

Smithies and a bank loan. 

 

SEASON IS BACK ON! 

Comment if the day! This has tickled me. 

[Sly]

1 minute ago, coolhandfox said:

Swiss ramble states its between 2-5%, easy money.

I’m in the wrong business. I need to be lending folk money and getting them to pay me interest. 

[justfoxes]

25 minutes ago, Sly said:

Something happening? 

 

15 minutes ago, StanSP said:

Well at least that's 2 new registrations for the club this summer. 

 

Smithies and a bank loan. 

 

SEASON IS BACK ON! 

A loan to Bring In Poch as manager who then wants to sign Ronaldo Messi & Mbappe if we have any money left we’ll sign Jesus too !!😉

[justfoxes]

Just now, Sly said:

I’m in the wrong business. I need to be lending folk money and getting them to pay me interest. 

Unfortunately being a Loan shark is frowned upon maybe illegal ??😉

[coolhandfox]

Just now, Sly said:

I’m in the wrong business. I need to be lending folk money and getting them to pay me interest. 

Better then putting money in the bank and getting little or no interest.

[EnderbyFox]

Am I right in thinking we took out a similar loan when Man City paid installments for Mahrez? We got instant access to cash & Man City paid the installments to Macquarie instead?

[grobyfox1990]

11 minutes ago, coolhandfox said:

Swiss ramble states its between 2-5%, easy money.

 

Dunno about east money. You can lend to the Govt for around 2% yield. The actual uk govt, pretty much zero risk of default. A premier league club must be an incredibly risky loan, given if they lose 6 or so on the trot they may not be a premier league club for much longer. 

[grobyfox1990]

13 minutes ago, Sly said:

I’m in the wrong business. I need to be lending folk money and getting them to pay me interest. 

https://www.dmo.gov.uk/responsibilities/gilt-market/buying-selling/

[Guest Chocolate Teapot]

8 minutes ago, EnderbyFox said:

Am I right in thinking we took out a similar loan when Man City paid installments for Mahrez? We got instant access to cash & Man City paid the installments to Macquarie instead?

Yes, and for Chilwell.

 

We've also taken loans out during Covid against future tv income too.

 

Now...by and large we've done this when we're signing players. However, we've also done it for cash flow but I think that was during Covid.

 

All i know is that it's possibly definitely significant in meaning something or other....

[coolhandfox]

5 minutes ago, grobyfox1990 said:

Dunno about east money. You can lend to the Govt for around 2% yield. The actual uk govt, pretty much zero risk of default. A premier league club must be an incredibly risky loan, given if they lose 6 or so on the trot they may not be a premier league club for much longer. 

I'd say the rate on interest reflects the risk, so they don't view it as high risk.

 

 What recent PL teams have been in trouble, especially with parachute payments?

[taupe]

44 minutes ago, coolhandfox said:

It just for cash flow.

 

We take a loan to have the PL money upfront and pay it back when we receive the money from the PL.

So @Ric Flair's hole plugged? ....stop that snickering, you know what I mean

[taupe]

33 minutes ago, Sly said:

I’m in the wrong business. I need to be lending folk money and getting them to pay me interest. 

Neither a lender nor borrower be.... so someone or other said.