Took you a while to reach that conclusion
We all knew days ago lol
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We all knew days ago lol
Chimpy Glassman
Player Valuation: £30m
I think here's a little bit of the Dunning Kruger effect on display from a certain poster.@catcherintherye and @gwladysnight were going back/forth about Everton borrowing money offshore rather than from 'high street'/tier one banks.
Gwladys picked up some throw away comment by Catcher about borrowing money (and paying interest on it) to generate more money.
More back/forth.
They then disputed interest levels with Catcher talking about 7% and Gwladys saying 3% (and below).
I then asked Gwladys which institution is loaning at 3% interest (taking the higher number to play fair).
Gwladys provided examples of (up to) 15 years ago + credit facilities + fixed rate bonds...
Sadly no straight 'vanilla' loans over £100mil at 3%.
*for what its worth, im seeing loans of £10mil-£50mil range at around 6-9% from and to regulated financial institutions at the monent. One or two triple digits.
Hence why i picked Gwladys up on the 3%.
As for the rest of it...its a bit more boring
A little bit of information can make you overly positive in your assertions.
Everybody be totally honest here
Who had to google the Dunning Kruger effect ?
I know I did because I hadn’t got a flipping Scooby what it meant
Zatara
Player Valuation: £100m
I like to give people a fair crack of the whip.
I googled it.
A fitting tribute to some of the gibberish in this thread.
Anyway....
If we can get £100mil in and have that for transfer fees (only) plus sales then we could he in for a bit of a whirlwind summer.
I could see £160mil or more being spent with the 'right' sales.
The last bit is my hope too
Carlo needs to perform major surgery on this squad
People saying 2/3 first team players
I’d say RB, CB ,RW, CM as a start for the first 11 and all top quality
Then 2/3 squad players , back up for James ( Periera from WBA) and a back up CF
That lot won’t be cheap
Carlo needs to perform major surgery on this squad
People saying 2/3 first team players
I’d say RB, CB ,RW, CM as a start for the first 11 and all top quality
Then 2/3 squad players , back up for James ( Periera from WBA) and a back up CF
That lot won’t be cheap
Zatara
Player Valuation: £100m
GK
RB
CB
DM
CM
RF
LF
7 positions....but some will have to wait for next summer i think.
Equally as interested in sales to add onto the Usmanov pot.
Yarrgh
Player Valuation: £70m
To sum up, there's no need to be confused about that.
gwladysnight
Player Valuation: £10m
Sorry but that simply isn't true. I showed you two loans one from the NatWest bank to Liverpool for £200m at 1.21% and one from Bank of America to United at 1.25-1.75% above Libor/Euribor.@catcherintherye and @gwladysnight were going back/forth about Everton borrowing money offshore rather than from 'high street'/tier one banks.
Gwladys picked up some throw away comment by Catcher about borrowing money (and paying interest on it) to generate more money.
More back/forth.
They then disputed interest levels with Catcher talking about 7% and Gwladys saying 3% (and below).
I then asked Gwladys which institution is loaning at 3% interest (taking the higher number to play fair).
Gwladys provided examples of (up to) 15 years ago + credit facilities + fixed rate bonds...
Sadly no straight 'vanilla' loans over £100mil at 3%.
*for what its worth, im seeing loans of £10mil-£50mil range at around 6-9% from and to regulated financial institutions at the monent. One or two triple digits.
Hence why i picked Gwladys up on the 3%.
As for the rest of it...its a bit more boring
Zatara
Player Valuation: £100m
Liverpool have a revolving credit facility with the Nat West bank at 1.21%.
View attachment 128362
United has a Revolving credit Facility with Bank of America at 1.25%-1.75% above Libor/Euribor.
Man Utd draws down loan for potential player buys
Premier League football club Manchester United has drawn £140m of its £150m (US$184.34m) syndicated revolving credit facility (RCF), which could potentially be used to fund player acquisitions, after the club’s operating cash flows were hit by the Covid-19 crisis.www.reuters.com
Manchester United said it precautionarily drew funds from the RCF to increase its cash position, preserve financial flexibility and maintain liquidity during the crisis.
The secured RCF, which matures in April 2025, pays a margin ranging from 125bp to 175bp over Libor/Euribor, depending on leverage.
You wrote yourself: 'credit facility' for both.
I would ask if you know the difference between a 'credit facility' and a loan...
...but really whats the point?
Im more interested in the actual thread title which is 'USMANOV' and whether £100mil comes in for transfers.
I couldn’t care if it comes from uncle usmanovs smelly old socks - if it’s for us to spend then winner winner
Can we have even bigger fonts, please?
gwladysnight
Player Valuation: £10m
I wrote credit facility for both because that is what they are.
United.
United, therefore, have drawn £140m of their £150m syndicated revolving credit facility (RCF) in a hint they could be preparing to spend big in the transfer market. The MEN understands United intend to press ahead with their plans to sign three players this summer.
Liverpool.
From our accounts.
Going Concern In preparing these financial statements, the Directors are required to prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Club will continue in business. In satisfaction of this responsibility the Directors have considered the Group’s ability to meet its liabilities as they fall due for a period of at least twelve months from the signing date of the financial statements following investment from the majority shareholder in both the current and prior financial period, and the Club entering into an £80m RCF facility with Rights and Media Funding Limited. Based on ongoing dialogue with the existing lender, subject to contract and the Club retaining Premier League status they have confirmed an intention to extend the current RCF facility at an increased amount for the 2020/21 season.
What our Director Sasha Ryazantsev said after we stopped borrowing from Rights and Media Funding Limited and borrowed from the Industrial & Commercial Bank of China against future revenues.
Latest China bank deal another sign of the ‘new Everton’
Moshiri is making his presence known around all facets of the club
royalbluemersey.sbnation.com
“We are pleased to have entered into a partnership with ICBC, which will increase our financial flexibility, reduce refinancing risk and lower funding costs, while adding to the list of Everton’s ‘firsts’.
“Building on the significant shareholder contribution the club has received over the last year, Everton is now well-funded with sustainable long-term capital.”
So despite us being told we were well funded with sustainable long-term capital and had found a better rate, we were back to borrowing from Rights Media Funding limited. They have since placed three charges on the club.
Zatara
Player Valuation: £100m
I wrote credit facility for both because that is what they are.
United.
United, therefore, have drawn £140m of their £150m syndicated revolving credit facility (RCF) in a hint they could be preparing to spend big in the transfer market. The MEN understands United intend to press ahead with their plans to sign three players this summer.
Liverpool.
View attachment 128422
From our accounts.
Going Concern In preparing these financial statements, the Directors are required to prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Club will continue in business. In satisfaction of this responsibility the Directors have considered the Group’s ability to meet its liabilities as they fall due for a period of at least twelve months from the signing date of the financial statements following investment from the majority shareholder in both the current and prior financial period, and the Club entering into an £80m RCF facility with Rights and Media Funding Limited. Based on ongoing dialogue with the existing lender, subject to contract and the Club retaining Premier League status they have confirmed an intention to extend the current RCF facility at an increased amount for the 2020/21 season.
What our Director Sasha Ryazantsev said after we stopped borrowing from Rights and Media Funding Limited and borrowed from the Industrial & Commercial Bank of China against future revenues.
Latest China bank deal another sign of the ‘new Everton’
Moshiri is making his presence known around all facets of the club
“We are pleased to have entered into a partnership with ICBC, which will increase our financial flexibility, reduce refinancing risk and lower funding costs, while adding to the list of Everton’s ‘firsts’.
“Building on the significant shareholder contribution the club has received over the last year, Everton is now well-funded with sustainable long-term capital.”
So despite us being told we were well funded with sustainable long-term capital and had found a better rate, we were back to borrowing from Rights Media Funding limited. They have since placed three charges on the club.
Im not reading that.
You dont know the difference between a loan and a credit facility.
Youre embarrassing yourself.
Folks - if the loans and/or credit facility (not gonna be arsed figuring all that out) argument are not directly related to something Usmanov has done or reports thereof or Everton, please take it to another thread. And the rest of you - enough with the "sideline commentary" that has nothing to do with Usmanov. This thread went sideways last night.
TL : DR Back on topic, please.
TL : DR Back on topic, please.
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