Posh Red
Posh by name, Posh by nature
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« Reply #13620 on: Thursday, June 27, 2024, 14:25:59 » |
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All guesswork
The need for cash I suppose, rob Peter to pay Paul. It seems not uncommon for clubs to borrow money against future revenue (at a cost).
This is effectively what Leeds did back in the day, the difference was they borrowed against future Champions League revenue, and then didn’t qualify. At least we borrowed against real income |
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Legends-Lounge
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Non PC straight talking tory Brexit voter on this
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« Reply #13621 on: Thursday, June 27, 2024, 14:30:38 » |
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Season ticket sales?
Launderette. |
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Lardy Cake
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« Reply #13622 on: Thursday, June 27, 2024, 14:35:43 » |
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Thanks Batch for your reply. Appreciated.
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"Still to find and still to follow. Joy in every hill and hollow. Company in solitude".
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tans
You spin me right round baby right round
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« Reply #13623 on: Thursday, June 27, 2024, 15:15:00 » |
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Guessing it'll be Adams Park.
Franchise i think |
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4D
That was definately my last game, honest
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I can't bear it 🙄
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« Reply #13624 on: Thursday, June 27, 2024, 15:29:53 » |
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Another ground they won't fill
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horlock07
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Lives in Northern Bastard Outpost
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« Reply #13625 on: Thursday, June 27, 2024, 15:56:56 » |
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The need for cash I suppose, rob Peter to pay Paul. It seems not uncommon for clubs to borrow money against future revenue (at a cost).
It was basically a short term mortgage secured against a property in that there London, with the lender being a factoring company based in Bath. P.S I didn't realise that there is a Axis Sports Investment Ltd (which this charge was on) whose accounts incidentally, just for a change, are well overdue, but also Axis Football Investment Ltd whose accounts are also way overdue. He seems to employ god knows how many different accountants in various locations who all seem pretty shoddy with paperwork deadlines! |
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Robinz
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« Reply #13626 on: Thursday, June 27, 2024, 17:06:05 » |
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Genuine question..
What type of financial lender would do business with a company that seems to only have security on a football ground owned 50% by others.
The risk factor would be huge and surely that would reflect in the interest rates being charged ?
Surely a race to the bottom of a barrel.the
The joint venture agreement between the Trust and STFC would give some answers re security allowed to be used on the County ground.
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« Last Edit: Thursday, June 27, 2024, 17:13:05 by Robinz »
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Ƭ̵̬̊: The Artist Formerly Known as CWIG
TOLD YOU SO
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« Reply #13627 on: Thursday, June 27, 2024, 17:10:00 » |
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Franchise i think
Bit far that. I'd have thought Wycombe most likely followed by Northampton maybe. |
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horlock07
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« Reply #13628 on: Thursday, June 27, 2024, 17:13:21 » |
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Genuine question..
What type of financial lender would do business with a company that seems to only have security on a football ground owned 50% by others.
The risk factor would be huge and surely that would reflect in the interest rates being charged ?
Surely a race to the bottom of a barrel.
The loan/charge was secured against a pretty big building in that London which I assume Morfuni owns. |
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Robinz
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« Reply #13629 on: Thursday, June 27, 2024, 17:24:58 » |
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Interesting
If correct, Morfuni has far more energy for financial success than showed by STFC on the field last year.
He is playing for high stakes and must have others bank rolling him ?
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Ƭ̵̬̊: The Artist Formerly Known as CWIG
TOLD YOU SO
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« Reply #13630 on: Thursday, June 27, 2024, 17:42:44 » |
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Is he starting to manage to get his finances in order? We can only hope.
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RobertT
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« Reply #13631 on: Thursday, June 27, 2024, 18:36:30 » |
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The loan/charge was secured against a pretty big building in that London which I assume Morfuni owns.
' I could be wrong, but I thought it was a leased property? |
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Uncletrunx
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« Reply #13632 on: Thursday, June 27, 2024, 19:10:44 » |
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Bit far that. I'd have thought Wycombe most likely followed by Northampton maybe.
Reading? |
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"Absolute Calamity!"
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tans
You spin me right round baby right round
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« Reply #13633 on: Thursday, June 27, 2024, 19:40:24 » |
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Reading?
Robert Maxwell could finally get his dream! |
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Audrey
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?Absolute Calamity!?
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« Reply #13634 on: Friday, June 28, 2024, 07:20:48 » |
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Cap’n Bob. Don’t go overboard!
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