pfim
Player Valuation: £40m
Moshiri just bought himself 12 months, I'm not sure I'd expect any news soon unless it's for TFG.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
- Status
Moshiri just bought himself 12 months, I'm not sure I'd expect any news soon unless it's for TFG.
Scott P
Player Valuation: £225k
From your lips to God's earThat we know of mate...be stuff going on behind the scenes
I am by no means ITK on this by the way haFrom your lips to God's ear
Tony’s Carp
Player Valuation: £50m
You really think we’ve got 12 months in the tank without needing more cash injected?
pfim
Player Valuation: £40m
We'll have PL revenues as well as matchday, it appears the stadium is fully funded (at last). I don't think they would have agreed to 200 million if more was needed for those 12 months.
Tony’s Carp
Player Valuation: £50m
But the *best* year we’ve had in recent years was about a 40m loss, even if we get 22/23’s loss down to that sort of level it still needs funding, and that’s without any remaining funding for build and fit out.
Of the Friedkin 200m 160ish went directly to MSP so not much left to fund the club and the remaining build. So I think it’s very optimistic to think we can self-sustain for 12 months without a further cash injection or serious player sales.
Did that writer from the athletic ever reveal the mystery bidder he was alluding to a couple of weeks ago?
No he didn't...the little sack.
pfim
Player Valuation: £40m
That wasn't a cash loss, and the best year we've had we still had wages at nearly 100% of revenues. We're not near that at the moment.
Again, I don't have cash projections for the club, but the Friedkin's would be mad to give us 200 million without us having the short term funding.
Tony’s Carp
Player Valuation: £50m
I very much hope you’re right and I’m wrong! If Moshiri thought the club could self-sustain through to the stadium now, wouldn’t he be better off taking us off the market and sitting back til then? With increased revenue and possibly better debt refinancing options he might be able to claw back a few more quid than he’ll get now?
pfim
Player Valuation: £40m
The stadium is 12 months away from being open, all of those assumptions would already be built into the price.
The club has too much debt to completely refinance the stadium (in normal circumstance they'd be looking to finance 50% of the stadium cost-these are not normal circumstances). And it's not as if the opening of the stadium turns on a cash machine for us...Someone still needs to come in and restructure the balance sheet so that we get more favorable terms, that will require cash or losses to lenders/shareholders, or both.
AndyRJ
Player Valuation: £5m
I tend to agree with you, i think come the january transfer window if we haven't been sold we'll be desperate for cash and selling a player or two.
The money Friedkin have lent us will only go so far and we apparently need about £50-£75m to finish the stadium off after LoR hand it over! Then you've got the fact we are a loss making business anyway to factor in.
We're not in any immediate danger, but i believe we will need a cash injection from somewhere if we're not sold in the next six months.
we will be sold by the january window mate
If he's in charge for another 3 months never mind 12 months he'll push us further in the doo doo ghtf as soon as possible.
AndyRJ
Player Valuation: £5m
I'd like to hope so but i'm not so sure.
This legal issue with the 777/A-CAP money seems to be a a stumbling block for most. Would need to be someone who has very deep pockets and relatively risk averse. This VICI Private Finance perhaps...whoever they are!?
- Status