I thought lots of teams did this - Wrath of the Barclay

I thought lots of teams did this

the Prem money is guaranteed so teams take out short term loans until the later instalments come in.

Posted By: jamesward on July 27th 2022 at 16:31:04

Message Thread

Newcastle to spend Prem money in advance......... (NCFC) - Larry Hagman, Jul 27, 16:05:34
- why would we need a loan to fund transfer spending we didn't want to make? (n/m) (NCFC) - CWC, Jul 27, 16:57:28
- The Norwich did do it (n/m) (NCFC) - SimonOTBC, Jul 27, 16:33:23
  - In 2019....but seemingly not in 2021 (NCFC) - SimonOTBC, Jul 27, 16:36:55
    - Have you just given me a virus? (NCFC) - jamesward, Jul 27, 16:41:36
      - No - it's a companies house link (n/m) (NCFC) - SimonOTBC, Jul 27, 16:41:54
        
        The last accounts showed a £20m advance (n/m) (NCFC) - Henclrikus, Jul 27, 23:31:21
        
        Go to "registration of charge" may 2019 (NCFC) - SimonOTBC, Jul 27, 16:42:57
        
        Nope (NCFC) - SCC 28, Jul 27, 16:53:01
- I thought lots of teams did this (NCFC) - jamesward, Jul 27, 16:31:04
- Because city are not as credit worthy as Newcastle (n/m) (NCFC) - inutero, Jul 27, 16:23:50
  - is that because like in personal finance (NCFC) - ghostof barry butler, Jul 27, 16:48:10
    - Pretty much yes (NCFC) - inutero, Jul 27, 18:45:53
    - Maybe they didn't want to pass that debt onto the baby fan generation (n/m) (NCFC) - MonkeyPuzzle, Jul 27, 16:51:26

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