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danielsen
Player Valuation: £1m
How do I do that?
ALANSTUBBS
Player Valuation: £5m
4 million a year, over 30 years is 120 million.
So total payback will be 470 million.
I am crap that this stuff but 120/350 is 35% ish?
DavyboyBlue
Player Valuation: £225k
Ain't gonna happen but 'The Cunard Arena' would lend a bit of prestige and has historic links to the City and its famous waterfront.
It will be the MegaFon Stadium ur The Bikal Stadium after The Bikal Copper Mining company which is one of the biggest in the world also owned by our shadowy potential benefactor and comes under USM Holdings too.... oh happy day..
Yes mate you are probably right, I haven't done the math, 35% maybe right however, that isn't how apr is calculated.... which is why it's 1.14% or whatever was mentoined. Won't bore you with exactly how apr is worked out.
efc.1878
Player Valuation: £10m
Working from home this morning, meeting in town 2-3 this afternoon.
If anyone sees anyone after 5pm windmilling in and around the pump house, up and down the Docks singing "and we'll hang the kopites one by one, on the banks of the Royal Blue Mersey"
... it's definitely not me
If anyone sees anyone after 5pm windmilling in and around the pump house, up and down the Docks singing "and we'll hang the kopites one by one, on the banks of the Royal Blue Mersey"
... it's definitely not me
Bluerover
Player Valuation: £50m
Exactly - APR is Annual Percentage Rate not the total interest paid over the term of the loan.
I don't know if this is a fixed rate, although I doubt it over 30 years.
As an example, Irish banks are currently offering 5 year fixed rates at APR of 3.7%- 4.3%
1.14% APR seems to be very good even as a commercial rate.
scratchnsurf
Player Valuation: £40m
I think the A in APR stands for annual. Each year we are paying back between 1 and 2% of the total debt. If you find a bank that will let me borrow at less than 2% interest over the life of a mortgage, please let me know.
zirc
Player Valuation: £40m
1.14% wouldn't be the rate we pay, that's the interest margin (premium) we'd pay to LCC over their borrowing rate.
bluestevon
Player Valuation: £80m
Wouldn't that only be if we paid it back in one year though mate, Apr as its name suggests is the annual rate, so interest would be 4m on a 350m loan, which napkin math says would be an Apr off 4m/350m or around 1.2%.
May be getting my sums way wrong their mind...
DavyboyBlue
Player Valuation: £225k
Spot on.. do they think we just whipped a whole stadium project up because they built some horrendous stand. I do think Joe pulled a masterstroke by giving them the the go ahead and a few bob for their hole punch though... sort of take the edge from their argument... it won't stop heads falling off all over the city tonight!!
You are right 4m is less than 1% however that is the premium we are paying lcc for being guarantors on the loan and not to do with the interest... but I could be wrong.
Bluerover
Player Valuation: £50m
I don't know if you have ever had a mortgage mate, but depending on interest rates you can expect to pay back a huge amount more than the capital value of the loan over 20-30 years!
My first mortgage was taken out in 1991 and interest rates went through the roof in 1992-3. I think I would have paid the capital cost over again over the 20 years as a result.
Interest rates are currently at an all time low, although as a counter, house prices are climbing steadily back to their peak again after the crash.
This is commercial, is tied in with a grander plan for redevelopment of a key strategic part of Liverpool city's future, and so it looks to me like we have managed to negotiate a very favourable deal on the loan.