ENIC

[Gutter Boy]

Yes, money is more likely from somewhere else in the Tavistock Group portfolio, M & B don't even get a mention on the Tavistock website .

M&B are also known as 'Tavistock Restaurant Collection'. Josh Levy is one of their directors. It's all part of the same thing. Just sometimes arms length when that suits for tax purposes.

 

[Bedfordspurs]

But I do not understand why anyone would question £100 million which is more than the Woolwich took in matchday revenue for a whole season as shown in their last accounts at £93.7 million

The only reason I question it in the counter balance of the mcquarrie loan

 

[lurker of old]

If anything it shows the club has been run badly as the cash position of the club is so bad.
Not at all: it shows we are ambitious. The club entered into new player contracts knowing that they would put a strain on cash flow, but with the confidence that equity would be provided as and when needed.

 

[K.D.D.D.D.Soc]

I think ENIC did it to give fans something to moan/dicuss while there are no games.

 

[ricky2tricky4city]

But banks will not lend you money for your transfer budget, they will for infrastructure or on future guaranteed income.

I know that and that's not the point I'm making. And yes it was against future income.

 

[ricky2tricky4city]

The club borrowed £100m (I assume to improve current cash flow). The owners have now injected £100m which will further improve cash flow. In effect the club has £100m more debt but £200m more cash.

It has £200m more debt. Unless the Lewis family have gifted that capital or its in exchange for equity, it serves as a loan.

 

[ricky2tricky4city]

Could be worse....

On 28 June 2005, the Glazer family completed their takeover of Manchester United Football Club.

It loaded the club with debt, and over the next 20 years, BBC Verify has found about £1.2bn has been spent on debt interest, debt repayments, dividends and fees to the family.

I've always referenced that the cost of the Glazers to Man United is the equivalent to a free Tottenham Hotspur stadium....and boy could they do with one of those.

 

[ricky2tricky4city]

4th highest
United and Chelsea were fighting it out for top then Arsenal

It's the sales side we have suffered so badly on.

 

[Bedfordspurs]

It's the sales side we have suffered so badly on.

Yep
Without a doubt
Still will unless we have players who gain value

 

[Grays_1890]

But banks will not lend you money for your transfer budget, they will for infrastructure or on future guaranteed income.

I was ticked off on here for suggesting that a while back

 

[Gazza Dazzla]

It's the sales side we have suffered so badly on.

Yea we haven’t had the Saudi hand out yet like half the rest of the Prem have, or a sister club in Belgium/Hollland to “buy” our outcasts.

 

[ricky2tricky4city]

Yep
Without a doubt
Still will unless we have players who gain value

I think there's a higher chance of that now with the targeting of top European youngsters and getting the academy churning.

 

[DubSpur]

It has £200m more debt. Unless the Lewis family have gifted that capital or its in exchange for equity, it serves as a loan.

It doesn't. The 100m is equity. Basically they bougth new shares worth 100m, increasing the market (share) value of the club by 100m and the club gets the 100m to do what it wants with it.