Shocking that someone signed off on the relegation clause and they need looking at!
"ALK Capital took over the club in December 2020 via a leveraged buyout, borrowing a substantial fee from MSD Holdings — which was due for repayment in December 2025.
From the club's official accounts the value of the loan was confirmed as £65 million.
As it stands, Burnley only have to pay interest on the loan.
However, the document also explains that dropping out of the Premier League would move the repayment schedule forward — with a significant proportion of the capital loan value required shortly after the end of the football season."
Posted By: ChengdeCanary on May 4th 2022 at 18:53:57
Message Thread
- This Burnley loan repayment stuff is a real mess (NCFC) - ChengdeCanary, May 4, 18:32:09
- Def the best team to come down with us (n/m) (NCFC) - loz, May 4, 18:44:45
- 100%... they will have a sell off. (n/m) (NCFC) - usacanary, May 4, 18:45:56
- I made a post about this a while back. Its fucking awful. (NCFC) - usacanary, May 4, 18:43:13
- Shocking that someone signed off on the relegation clause and they need looking at! (NCFC) - ChengdeCanary, May 4, 18:53:57
- While in the PL......... (NCFC) - usacanary, May 4, 19:02:29
- Shocking that someone signed off on the relegation clause and they need looking at! (NCFC) - ChengdeCanary, May 4, 18:53:57
- Def the best team to come down with us (n/m) (NCFC) - loz, May 4, 18:44:45
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