kildaremackem
Striker
i notice a few clubs (palace is the latest one) are using factoring to raise cash..that is selling today to a bank the right to collect transfer fees owed to the clubfr deals already done..this costs the club money..but three ir four prem clubs are doing this..palaxe did it this week...it shiws that at operating level cash flow is a real problem now..even in the top flight.We are led to believe this is a long term thing, no?
Raising the clubs value for profit means you have to get in the premiership and sell without losing 150 million, all for a pittance if you can find someone to sell to.
palace american owners are trying to sell..no takers..
i wonder if the bubble is slowly bursting..