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moore_94

Leicester have borrowed from MacQuarie again secured on future TV and KDH money

By moore_94, in Leicester City Forum

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Collymore

Collymore

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The club would do better focusing on not running contracts down or buying players like Soumare.

 

The fact we've just offered Vesty a contract on most likely ridiculous money then binned him shows the rot still runs deep. 

 

We're ran with joker decision makers that have made decisions that beggars belief. They're borrowing on stupid terms and spending it stupidly, most of the time. 

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AjcW

AjcW

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1 minute ago, Clever Fox said:

Not a good sign looking forward if we're borrowing for day to day stuff.

It's pretty standard fair, we've done it for years, just equity release really.

 

Only striking thing is it appears to be a much bigger loan than usual so perhaps they're cracking on with the stadium?

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AjcW

AjcW

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Just looking back at the past agreements with the aussie vamps... we've only ever secured against one seasons Premier League money

 

That note about "up to 2028" is definitely a significant change.


They've essentially borrowed circa £250m?

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Trav Le Bleu

Trav Le Bleu

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3 minutes ago, AjcW said:

Just looking back at the past agreements with the aussie vamps... we've only ever secured against one seasons Premier League money

 

That note about "up to 2028" is definitely a significant change.


They've essentially borrowed circa £250m?

Which is probably stadium money.

 

 

 

You all (except you privileged elite like @Jon the Hat) took out massive loans over a long period of time to get your own homes, right?

 

AjcW

AjcW

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Just now, Trav Le Bleu said:

Which is probably stadium money.

 

 

 

You all (except you privileged elite like @Jon the Hat) took out massive loans over a long period of time to get your own homes, right?

 

Wasn't questioning it, was trying to add some context for everyone else wetting the bed lol 

 

I'd say the other clue is the third charge is all about security against property including any new or changed property.

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Finnegan

Finnegan

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41 minutes ago, Clever Fox said:

Not a good sign looking forward if we're borrowing for day to day stuff.

 

This is pretty routine for all top flight football clubs. 

 

People massively under estimate how mundane this is. 

 

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StanSP

StanSP

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Big money to 'borrow'. 

Secured against TV money and/or parachute money. 

 

Do all clubs do this, or similar? 

 

Either it's for stadium costs or big transfer dealings to occur in January and/or summer. 

I'm guessing the former. 

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