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Usmanov

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Charlie Sweet said:
Any investor would want at least 7% on Everton debt. You're not seriously comparing our covenant strength to that of a government bond now are you?
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Thats laughable, no way anyone would require more than 3.5-4%. You're not seriously comparing residential debt with that of a 100+ year old successful commercial organization with 100 years of gate receipts, that has one of the worlds richest men willing to guarantee against default as well as draw against his naming rights deal?

The reason Everton went to the city about funding was not so they could use it, but so that they could leverage it and the rates in negotiations with other investors, including a number of lenders and organizations who would very much like to both make a return, and get on Uncle Al's good side. Funding for an operation where the super billionaire best friend just dropped 30 million just for the first refusal of naming rights is the easy part.
 

PeregrineT said:
Thats laughable, no way anyone would require more than 3.5-4%. You're not seriously comparing residential debt with that of a 100+ year old successful commercial organization with 100 years of gate receipts, that has one of the worlds richest men willing to guarantee against default as well as draw against his naming rights deal?

The reason Everton went to the city about funding was not so they could use it, but so that they could leverage it and the rates in negotiations with other investors, including a number of lenders and organizations who would very much like to both make a return, and get on Uncle Al's good side. Funding for an operation where the super billionaire best friend just dropped 30 million just for the first refusal of naming rights is the easy part.
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Do not tell @davek this
 
PeregrineT said:
Thats laughable, no way anyone would require more than 3.5-4%. You're not seriously comparing residential debt with that of a 100+ year old successful commercial organization with 100 years of gate receipts, that has one of the worlds richest men willing to guarantee against default as well as draw against his naming rights deal?

The reason Everton went to the city about funding was not so they could use it, but so that they could leverage it and the rates in negotiations with other investors, including a number of lenders and organizations who would very much like to both make a return, and get on Uncle Al's good side. Funding for an operation where the super billionaire best friend just dropped 30 million just for the first refusal of naming rights is the easy part.
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You can't be proving that in any way mate. Why even go there?
 
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PeregrineT said:
Thats laughable, no way anyone would require more than 3.5-4%. You're not seriously comparing residential debt with that of a 100+ year old successful commercial organization with 100 years of gate receipts, that has one of the worlds richest men willing to guarantee against default as well as draw against his naming rights deal?

The reason Everton went to the city about funding was not so they could use it, but so that they could leverage it and the rates in negotiations with other investors, including a number of lenders and organizations who would very much like to both make a return, and get on Uncle Al's good side. Funding for an operation where the super billionaire best friend just dropped 30 million just for the first refusal of naming rights is the easy part.
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My understanding is overall total cost of debt on spurs is 4.5/5%. We will need a margin to discount Merseyside relative to London. Also spurs sold 10yr+ corporate hospitality packages that we will struggle to come close to.
 

Charlie Sweet said:
My understanding is overall total cost of debt on spurs is 4.5/5%. We will need a margin to discount Merseyside relative to London. Also spurs sold 10yr+ corporate hospitality packages that we will struggle to come close to.
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If you're talking about the debt for the stadium, then your understanding is wrong mate

77897
 
Charlie Sweet said:
My understanding is overall total cost of debt on spurs is 4.5/5%. We will need a margin to discount Merseyside relative to London. Also spurs sold 10yr+ corporate hospitality packages that we will struggle to come close to.
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Well you can go on your understanding or go on this

Bank of America Merrill Lynch, which acted as lead placement agent and sole bookrunner on the bond issue, has provided a £112m term loan and HSBC has granted a revolving credit facility. The idea is to limit Spurs’ debt-servicing costs and the average annual interest rate on the new arrangement is 2.66%

Spurs have not yet got a naming rights sponsor for their stadium
We have a billionaire queuing up and paying for the privilege of standing in the queue
 

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