Club loan taken out

[Blind Joe Death]

Anybody got any idea how much PSR headroom we have left this year if they did want to spend?

 

[chunkyshanhawk53]

I don't agree.

It was an unnecessarily negative response to a pretty anodyne news story.

I think you may want to read GOM's views.

She’s right mind. Factoring your receivables is frequently a sign of this.

 

[BarnesPark]

Has our promotion finally ended his relentless negativity and agenda against our owners?

This. Lad is an absolute knacker who makes stuff up to slur the owner. Don’t believe owt the lad says.

 

[Doberman]

Announce war chest.

 

[Dobbler]

Worrying

Why?

Grim

Only if you don’t understand business!

is it not for the players Xmas neet out ?

It’s to cover Sadikis studs.. he’s wearing out 2 sets a game!!!

No one knows whether it's good news or bad news as it all depends, surely, on why we want the money now?

View media item 14657

 

[Pancho]

She’s right mind. Factoring your receivables is frequently a sign of this.

I'm happy to follow @Grumpy Old Man 's
less alarmist views.

 

[Grumpy Old Man]

How much is 4 months PL tv payments likely to be?

Depends how much is front loaded. Total guess, but probably in the £20-40m range.

 

[BarnesPark]

Grim

Need to get Mike Ashley to buy the club

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[chunkyshanhawk53]

I'm happy to follow @Grumpy Old Man 's
less alarmist views.

Sure. And it’s probably fine. But it’s equally something that financially distressed companies do

 

[Grumpy Old Man]

To be fair, it’s nothing to do with how genuine a fan you are. Hocking your future income can be a sign of immediate financial distress. I’m not saying it is here. Let me repeat: I’m not saying it is here.

Only if it's done regularly and your future income streams are uncertain. In this case, we're simply getting the money earlier than would otherwise be the case. It's a world away from the revolving door of debt factoring.

She’s right mind. Factoring your receivables is frequently a sign of this.

This isn't factoring

 

[Mowgli]

Sure. And it’s probably fine. But it’s equally something that financially distressed companies do

How could the club be financially distressed? Spurs have done the same and they're one of the best financially ran clubs in the PL.

This is worlds away from relying on uncertainty income and leveraging long term future.

 

[Jyoosi]

Worrying

Only if you regularly piss the bed over nothing.

Sadiki's fee alone will be enough to cover a substantial amount of our summer transfer spend when the time comes for him to move on.

And he's just one piece of the ever increasing cash cow we're growing.

 

[PTR]

Type of guy who thinks putting all your spare cash in premium bonds is sensible.

Premium bonds are quite poor investments.

My post was simply about not wasting cash.
You'd hope the owner could float cash to cover this type of thing rather than losing it to a bank.

 

[chunkyshanhawk53]

Only if it's done regularly and your future income streams are uncertain. In this case, we're simply getting the money earlier than would otherwise be the case. It's a world away from the revolving door of debt factoring.


This isn't factoring

It’s effectively factoring.

 

[PTR]

Surely you’re not suggesting we should’ve waited til the PL money is in the bank and spent £150m next summer instead of the one just gone?

As above.
Plus, hardly any deals are cash upfront anyway?

 

[Grumpy Old Man]

Premium bonds are quite poor investments.

My post was simply about not wasting cash.
You'd hope the owner could float cash to cover this type of thing rather than losing it to a bank.

If Kyril has more than £20m in ready cash I'd be gobsmacked. Which of his investments do you think he should cash in?

 

[PTR]

Not a penny as it is the owner's money, not ours

But less money in the clubs bank means less money to spend on players.
If we do this every season you end up losing millions in interest payments.

It's just something to be aware of.

 

[Grumpy Old Man]

It’s effectively factoring.

It's not. Factoring is when you sell your debtors for about 75% of value and hope the factors can actually collect (they'll simply hand any bad debts back). Solves one month's cash flow, but you're in the shit if it's a regular arrangement. This is simply getting guaranteed income (we know the PL will stump up) when we need it rather than in four months time.

 

[chunkyshanhawk53]

It's not. Factoring is when you sell your debtors for about 75% of value and hope the factors can actually collect (they'll simply hand any bad debts back). Solves one month's cash flow, but you're in the shit if it's a regular arrangement. This is simply getting guaranteed income (we know the PL will stump up) when we need it rather than in four months time.

You’re still discounting your receivables.

Anyway, I can’t be arsed. It’s very likely fine

 

[Boris Bear]

£40m bid in for Diallo