JimmyHillsbeard
Well-Known Member
I’m not sure it’s necessarily the owner but …
The club has already got a revolving credit facility so I'd be surprisedProb just covering losses for last season
That credit facility is just between CCFC and CovCityCo (Parent). The new shares have been issued to CovCityCo so at the moment are completely separate from the credit facility you mention.The club has already got a revolving credit facility so I'd be surprised
It's times like this, that i miss OSB58
£15m has been injected into the club that doesn’t have to be repaid.As someone said already we need OSB.
Can anyone explain what this actually means?
It just means that the £15m isn't repayable to owners. It will appear as an injection of liquid cash into the club and it's very good for our PSR submission as it is essentially calculated as free money so can offset any losses.As someone said already we need OSB.
Can anyone explain what this actually means?
This is the way to inject into a club. Not Blues' mad 12% interest loans.
He was a proper Gent on here
Aside from his financial knowledge, never seen him use any bad language or resort to childish name calling like most of us on here have done at some point
Oh stop being a stupid smelly poo poo head
Does that mean our club is valued at £150m without a ground if it was indeed someone purchasing 10% or is it just a boosted price slightly based on less being brought.£15m has been injected into the club that doesn’t have to be repaid.
Could be King wiping out some debts, providing cash for transfers, paying player and staff wages over the non-football months, or the less likely option of an investor purchasing 10% of the club.
Does that mean our club is valued at £150m without a ground if it was indeed someone purchasing 10% or is it just a boosted price slightly based on less being brought.
(it’s almost definitely to do with operating costs, stadium deal, wages, bonuses, training ground and other expenses like that but still)
Why would he need to inform the fanbase?Sorry I have limited understanding of finances, but let's say if DK has sold 10% of the club for 15 million would he have to disclose this? Or can he sell percentages of the club without informing the fan base?
Why would he need to inform the fanbase?
I think it’s only over 15% owners that need to be disclosed to the EFL
It’s around that. It’s the reason given as to why SISU didn’t have to name their investors, no one entity owned 15% of the club. They were investment fund 1, 2 etcThat was my question, if it needs to be disclosed or not. So they only would if it's 15% or over, that's interesting.
You are not required to tell the fan base anything. That would be like Marks and Spencer’s selling shares then having to notify all their customers what they are doing.Sorry I have limited understanding of finances, but let's say if DK has sold 10% of the club for 15 million would he have to disclose this? Or can he sell percentages of the club without informing the fan base?
So he could sell let's say 40% of the club, 10% to four different investors and not have to name them? Or is it 15% in total of the club and then he'd have to name them?It’s around that. It’s the reason given as to why SISU didn’t have to name their investors, no one entity owned 15% of the club. They were investment fund 1, 2 etc
It has to note on companies house any people who have significant controlSo he could sell let's say 40% of the club, 10% to four different investors and not have to name them? Or is it 15% in total of the club and then he'd have to name them?
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