So - I could borrow £50m from the bank,
give the money to Norwich FC.
Hand them the loan.
Norwich FC pay the loan back to the bank.
Total cost to me - nothing!
I get to own a football club and take any profits it could make.
Not a bad deal.
Posted By: canary_wharf on May 23rd 2022 at 13:57:04
Message Thread
- Burnley finances - does anyone understand them? (NCFC) - canary_wharf, May 23, 12:58:58
- So - I could borrow £50m from the bank, (NCFC) - canary_wharf, May 23, 13:57:04
- You're Marcus Evans and I claim my £5 (n/m) (NCFC) - Old Splat, May 23, 17:05:27
- if you can put a compelling business case together (NCFC) - CWC, May 23, 15:38:14
- Just put up CR and colney as collateral. (n/m) (NCFC) - KevinBond, May 23, 16:03:29
- "Zoe, shall we buy the club? Just to fuck em right off?" (n/m) (NCFC) - jamesward, May 23, 15:39:47
- I presume the steps are... (NCFC) - SimonOTBC, May 23, 14:05:59
- The key is finding someone willing to lend (NCFC) - SimonOTBC, May 23, 14:15:11
- sounds perfect, im gonna do it (NCFC) - Tombs, May 23, 14:00:42
- I presume.... (NCFC) - JD3, May 23, 13:38:29
- same model which worked wonders for Borders Bookstores... (NCFC) - Cardiff Canary, May 23, 13:14:31
- pretty much as you stated (NCFC) - Henclrikus, May 23, 13:07:05
- D&M all day over a leveraged buyout (NCFC) - jamesward, May 23, 13:32:58
- In another delightful twist (NCFC) - Henclrikus, May 23, 13:17:38
- Yes they leveraged an asset to raise the necessary finance (NCFC) - inutero, May 23, 13:04:14
- So - I could borrow £50m from the bank, (NCFC) - canary_wharf, May 23, 13:57:04
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