PM SimonOTBC/Legacy Fan re: short term loans >£65m
I was getting my figures from Note 19, which I think you were commenting on too re: secured against future TV and transfer receipts.
How is it not "real debt" though? We've forward-spent £65m of receipts and hardly likely to actually use those future receipts to repay the loans otherwise we'll have no cash to use for day-to-day running of the business/player wages (unless we sell a load of players for decent amounts).
If we don't get promoted, as the future receipts fall off a cliff, we're saddled with that debt then presumably would have to secure it against something else or we're goosed, as we won't be able to repay it.
Just seems like a big number to me given player wages in the Champs are basically equal to income so we can't set aside cash to repay.
If our revenue falls off the cliff too, interest costs would be a decent slug of that.
I'd like to know what the plan is to repay some or why they think the level is sustainable if we stay in the Champs for a couple of seasons.....
Posted By: JD3 on October 18th 2022 at 03:07:10
Message Thread
- PM SimonOTBC/Legacy Fan re: short term loans >£65m (NCFC) - JD3, Oct 18, 03:07:10
- The block of text around going concern covers that (NCFC) - CWC, Oct 18, 08:05:26
- The use of the cash won’t be optional (NCFC) - SimonOTBC, Oct 18, 07:29:58
- The use of cash won’t be optional, the club is card only (n/m) (NCFC) - Augustus Pablo, Oct 18, 07:55:25
- Okay cheers. (NCFC) - JD3, Oct 18, 07:42:37
- Yes….you’re right about the fundamental issue (NCFC) - SimonOTBC, Oct 18, 07:47:39
- I reckon there’ll be quite a few season tickets cancellations as well. (NCFC) - Augustus Pablo, Oct 18, 08:08:20
- Yes…. Particularly if the fans are not loving what’s being served up on the pitch (n/m) (NCFC) - SimonOTBC, Oct 18, 08:28:08
- Some ST holders on my row barely turn up these days (NCFC) - jamesward, Oct 18, 09:21:37
- Yes…. Particularly if the fans are not loving what’s being served up on the pitch (n/m) (NCFC) - SimonOTBC, Oct 18, 08:28:08
- I reckon there’ll be quite a few season tickets cancellations as well. (NCFC) - Augustus Pablo, Oct 18, 08:08:20
- Yes….you’re right about the fundamental issue (NCFC) - SimonOTBC, Oct 18, 07:47:39
- And now time to put baby JD3 back in the Moses basket and get some sleep! (n/m) (NCFC) - JD3, Oct 18, 03:10:54
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