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

[moore_94]

 

Edited Friday at 21:07 by moore_94

[Zear0]

1 minute ago, moore_94 said:

 

[Pliskin]

Loaneicester city.

[Collymore]

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. 

[AjcW]

Secured up to 2028 on Premier League money? That's.... a shit load of money no?

[Clever Fox]

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

[AjcW]

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?

[Clever Fox]

Hopefully it's for the Stadium development as that would make sense.

[Master Fox]

Years of great work coming undone in one season and pre season, shocking from the board and financial team again. 
 

 

[Royston.]

Rudkin wanted a new kitchen but fudged the numbers?

[Tuna]

Rudkin busking outside high cross next

[Kilworthfox]

If we were flying high again, and confident with the first team recruitment, this would be viewed very differently. 

 

As it is, I am not optimistic. 

[AjcW]

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?

[Trav Le Bleu]

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]

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  

 

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

[Cincinnati Fox]

22 minutes ago, Clever Fox said:

Hopefully it's for the Stadium development as that would make sense.

No it’s to pay vesty and Reids wages.

[Paninistickers]

It means if we go down, we don't have any parachute money now. 

 

KP are just compulsive gamblers. Period. They max out and leverage everything they own (and everything they don't own too) 

[Finnegan]

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. 

 

[st albans fox]

Is this all security against what is effectively a several hundred million pound loan account or have we actually borrowed the money ?

I think the former in which case - whatevs 

 

[Clever Fox]

It seems like we're prepared to build and secure infrastructure financial Assets in the short term,  at the expence of improving the quality of the squad. 

[Pita]

Let’s hope it’s for the stadium and nothing  and nothing else

[StanSP]

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. 

[Royston.]

Top was undecided on the loan but when we went 2-0 v Palace, Top was like,

 

"ah fuuck it, life is for living"

[SecretPro]

Its to pay Steve Cooper off on Saturday night. 

[dhermon]

Hopefully we are on the same trajectory as MQG share price of late!