sageyefc
Player Valuation: £90m
Is that the one were we'll have paid double or something like that by the time we pay it off
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They are secretly building a new 70 000 seater stadium in an extinct volcano in the south pacific
*taps nose*
The Esk
Player Valuation: £70m
Yes, we will have paid £69,175,000 over 25 years.
Dymak
Player Valuation: £40m
No new borrowing has yet to be confirmed at all. The only 'new' borrowing taking place is that which Esk refers to, which is the regular pay day loan scenario we have going on each Summer. I don't think it's ever quite been confirmed who provides the loan and what the interest rate is though? *Strokes bearded chin*
Azza
Player Valuation: £80m
Could be worse, we could be once again giving all of our TV money from the 2015/2016 season to Vibrac ...
OH wait!!!!!!!!!!
Download - http://s000.tinyupload.com/index.php?file_id=64701614108710014258
OH wait!!!!!!!!!!
Download - http://s000.tinyupload.com/index.php?file_id=64701614108710014258
bizzaro
LOVE GOT JUST THE WAY IT IS #ALWNV
Isn't this a bridging loan so as to even out money available to the club when the club isn't earning in the summer period?
The key thing is - does the loaner have any association with the club.
The Caymans are notoriously opaque when it comes to finding out who does the loaning.
Also taking a loan and then pocketing the interest 'apparently legitimately' would be one way of certain shareholders taking money out of the club and claiming they are not on club pay. Lerner did it at Aston Villa.
Lets find out who the loaning party is and what the interest rate is. If its above market average (considering the base rate) then we will know to dig some more.
bizzaro
LOVE GOT JUST THE WAY IT IS #ALWNV
Could be worse, we could be once again giving all of our TV money from the 2015/2016 to Vibrac ...
OH wait!!!!!!!!!!
Download - http://s000.tinyupload.com/index.php?file_id=64701614108710014258
Like I said if it is VIBRAC
Finding out if any shareholders have a link to the company should be a priority for total transparency on the commercial aspects of EFC.
royalblue66
Player Valuation: £70m
Think Leeds Utd did the same kind of deal. ?
sageyefc
Player Valuation: £90m
Dont hold me to it but im sure i read somewhere about the vibrac loans, for 10 mil we repay 12.5mil
bizzaro
LOVE GOT JUST THE WAY IT IS #ALWNV
They did it on a whole different scale. West Ham did it too in 2013. Fulham have done it as have Southampton.
The key thing is.
Who owns and runs Vibrac.
bizzaro
LOVE GOT JUST THE WAY IT IS #ALWNV
@the esk
http://www.bloomberg.com/news/artic...fueled-by-secretive-loans-beat-uefa-clampdown
Soccer Transfers Fueled by Secretive Loans Beat UEFA Bid
Sept. 30 (Bloomberg) -- Soccer’s transfer market is getting an extra kick from offshore lending, even as the sport’s European ruling body UEFA tries to restrict record spending.
Vibrac Corp., a closely held lender in the British Virgin Islands, financed as much as 150 million pounds ($245 million) of loans in England, Spain and Germany last year, a person with direct knowledge of the deals said. Doyen Sports provided about $130 million of financing the last two years, Chief Executive Officer Nelio Lucas said.
As UEFA tries to rein in spending with so-called financial fair play rules, some teams are still taking business risks by signing players, according to Raffaele Poli, a researcher at CIES Football Observatory in Neuchatel, Switzerland, who tracks the market. Transfer spending in Europe’s biggest five leagues rose 9 percent to a record 2.4 billion euros ($3.1 billion) in the last off-season, CIES research shows.
“UEFA’s rules aren’t having as much of an effect as they would like,” Poli said. Middle and low-ranking clubs “are taking risks to keep up with the bigger ones.”
To be sure, the biggest factor contributing to the transfer spending boom is an increase in English Premier League television rights money, Poli said. The league accounted for 45 percent of all spending in Europe’s biggest five leagues in the last off-season, according to CIES.
Manchester United, whose broadcast income for fiscal 2014 rose by 34 percent, more than doubled its spending on signings to about 150 million pounds. It hired Angel di Maria for a club record fee of 59.7 million pounds. Publicly listed United, whose financiers include Bank of America Corp., hasn’t notified investors of any deals with offshore lenders.
Interesting - that Everton are NOT alone in this.
But this does mean that the tax authorities and others will no doubt be looking at who these people are very closely.
I for one would like to know who they are - if they're taking £1.0 to £2.5million in fees out of the club or 10% interest (as reported in 2011)
Vibrac loaned money against future Premier League income including television revenue to U.K. teams including West Ham, Southampton, Everton, Fulham and Reading since 2011, according to filings by the clubs. Mousehole Ltd., which is also registered in the British Virgins Islands, financed Atletico Madrid, Getafe and Deportivo La Coruna in Spain and Germany’s Hertha Berlin in 2011, according to filings by JG Funding Ltd., an associated company based in London.
Vibrac and Mousehole are controlled by a single anonymous investor, the person said, adding Mousehole isn’t currently active. Vibrac may loan as much as 150 million pounds again to clubs this year, the person said.
http://www.bloomberg.com/news/artic...fueled-by-secretive-loans-beat-uefa-clampdown
Soccer Transfers Fueled by Secretive Loans Beat UEFA Bid
Sept. 30 (Bloomberg) -- Soccer’s transfer market is getting an extra kick from offshore lending, even as the sport’s European ruling body UEFA tries to restrict record spending.
Vibrac Corp., a closely held lender in the British Virgin Islands, financed as much as 150 million pounds ($245 million) of loans in England, Spain and Germany last year, a person with direct knowledge of the deals said. Doyen Sports provided about $130 million of financing the last two years, Chief Executive Officer Nelio Lucas said.
As UEFA tries to rein in spending with so-called financial fair play rules, some teams are still taking business risks by signing players, according to Raffaele Poli, a researcher at CIES Football Observatory in Neuchatel, Switzerland, who tracks the market. Transfer spending in Europe’s biggest five leagues rose 9 percent to a record 2.4 billion euros ($3.1 billion) in the last off-season, CIES research shows.
“UEFA’s rules aren’t having as much of an effect as they would like,” Poli said. Middle and low-ranking clubs “are taking risks to keep up with the bigger ones.”
To be sure, the biggest factor contributing to the transfer spending boom is an increase in English Premier League television rights money, Poli said. The league accounted for 45 percent of all spending in Europe’s biggest five leagues in the last off-season, according to CIES.
Manchester United, whose broadcast income for fiscal 2014 rose by 34 percent, more than doubled its spending on signings to about 150 million pounds. It hired Angel di Maria for a club record fee of 59.7 million pounds. Publicly listed United, whose financiers include Bank of America Corp., hasn’t notified investors of any deals with offshore lenders.
Interesting - that Everton are NOT alone in this.
But this does mean that the tax authorities and others will no doubt be looking at who these people are very closely.
I for one would like to know who they are - if they're taking £1.0 to £2.5million in fees out of the club or 10% interest (as reported in 2011)
Vibrac loaned money against future Premier League income including television revenue to U.K. teams including West Ham, Southampton, Everton, Fulham and Reading since 2011, according to filings by the clubs. Mousehole Ltd., which is also registered in the British Virgins Islands, financed Atletico Madrid, Getafe and Deportivo La Coruna in Spain and Germany’s Hertha Berlin in 2011, according to filings by JG Funding Ltd., an associated company based in London.
Vibrac and Mousehole are controlled by a single anonymous investor, the person said, adding Mousehole isn’t currently active. Vibrac may loan as much as 150 million pounds again to clubs this year, the person said.
Think we can all have a guess who that is can't we?
Azza
Player Valuation: £80m
Well Chris Samuelson is all over it. West Ham have done the same for next season as well.
bizzaro
LOVE GOT JUST THE WAY IT IS #ALWNV
10 Percent
The offshore loans aren’t necessarily plowed into transfer spending, according to Graham Shear, a lawyer at London-based Berwin Leighton Paisner who oversees deals for Vibrac. He said clubs often seek funds before the start of the season to help manage uncertainties in their cash flow, which can vary depending on the team’s performance.
Vibrac typically commands annual interest rates of between 6.5 percent and 10 percent, the person said, adding the loans can be arranged in as little as 24 hours.
That’s ideal for clubs chasing a new recruit, said Javier Ferrero, a partner at Senn Ferrero y Asociados, a law firm in Madrid that represents four non-bank lenders that operate in Spain’s La Liga.
“If they see an opportunity when a player comes onto the market, they try to act as quickly as possible,” Ferrero said.
So it seems Everton are covering cashflows this summer whilst they recruit.
However again. The lack of transparency is a little disturbing.
This is BLOOMBERG.com reporting. Not some average joe blog.
I could understand if the club wants to ensure that they have players in IN PLENTY OF TIME.
However, we should be watchful and mindful that this club is NOT a poor club.
The Stadium in my book is a priority this club should not take its eyes off.
The offshore loans aren’t necessarily plowed into transfer spending, according to Graham Shear, a lawyer at London-based Berwin Leighton Paisner who oversees deals for Vibrac. He said clubs often seek funds before the start of the season to help manage uncertainties in their cash flow, which can vary depending on the team’s performance.
Vibrac typically commands annual interest rates of between 6.5 percent and 10 percent, the person said, adding the loans can be arranged in as little as 24 hours.
That’s ideal for clubs chasing a new recruit, said Javier Ferrero, a partner at Senn Ferrero y Asociados, a law firm in Madrid that represents four non-bank lenders that operate in Spain’s La Liga.
“If they see an opportunity when a player comes onto the market, they try to act as quickly as possible,” Ferrero said.
So it seems Everton are covering cashflows this summer whilst they recruit.
However again. The lack of transparency is a little disturbing.
This is BLOOMBERG.com reporting. Not some average joe blog.
I could understand if the club wants to ensure that they have players in IN PLENTY OF TIME.
However, we should be watchful and mindful that this club is NOT a poor club.
The Stadium in my book is a priority this club should not take its eyes off.
The Esk
Player Valuation: £70m
The interest rate is 8.8%
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