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Currently 15m surplus at the moment. I'd be surprised if we didn't have a positive net spend but not by much
FFP as well to adhere too
Given the thread title bit disappointed that we are on page 3 and have yet to see any gifs involving cats playing with money.
From what you describe, to me that sounds anunnecessarily complicated arrangement of smoke and mirrors which means some middleman is taking a whopping share they almost certainly aren't earning.The structure was identical to Leeds (from memory) and the only purpose behind it was allegedly consolidation of the overdraft of c 16m and player purchases I think.
The problem being that we had an overdraft again within a couple of years, and not much was spent on playing staff.
So short term stuff done with long term debt.
Similar to Leeds, but we didn't squander as much on awful players that got relegated.
In fairness I think our debt was manageable as long as we remained in Premier League.
As an aside, the 5 new charges at Companies House would lead me to the conclusion that ICBC are funding part (if not all) of the required stadium borrowings on top of the credit facility - that accounts for 3 of the 5.
The other 2 are intercreditor shennanigans between Barclays and ICBC, which would lead me believe that there is either a new overdraft facility with Barclays, or Barclays may be involved in the funding too.
No middleman at all mate - just the largest bank in the world and Barclays.From what you describe, to me that sounds anunnecessarily complicated arrangement of smoke and mirrors which means some middleman is taking a whopping share they almost certainly aren't earning.
This. We have managed to shift a number of players who offered very little to the club. They weren't even squad players, who were on the bench.We just have brought in nearly a 100 mill as well. So of course spend it. Any club that has ambition spends more than they bring in. Utd just spend 125 million. We have no real net spend yet. And barkley will prob be sold. We need to bring in another 3/4 players to challenge for top 4. When mosh came in first we were hearing 100 mill on top of any sales. Im not expecting that but we need to bring in more and more quality. Another 2 quality players this summer and another 2 next.
INo middleman at all mate - just the largest bank in the world and Barclays.
Think of it this way, Everton are dealing direct theses days - no middlemen.
I honestly don't care as long as we have genuine ambition to challenge the top 4.Do you really give a crap, or are you just happy to be spending........