Bob Elstone
Player Valuation: £35m
@DerbyshireAndHarper
I am a simple man and have a simple question.
80mil(loan) +87.5mil (purchase of shares)= 167.5 mil.
Where has your figure of over 200 million investment by FM come from?
I would also point out that although the loans were paid off, there is a picture showing the projected borrowings figires for 16/17 from the GM which clearly shows borrowings of 80mil from BHHL and 22.5 mil from Rights and Media Funding.
The RMF loan was not extortionate in terms of interest at 5.2%. At their peak in terms of interest rates, Vibrac/RMF charged 8.8% as opposed to 8.2% charged by Barclays/Investec Bank which preceded them from memory.
I am an FM believer, but please lets not over-egg things.
players additions minus outgoings?