SHUNT31
Well-Known Member
Exactly what I meant. The EFL have no jurisdiction over what the debt/equity in the club is, so long as we meet PSR. That’s my understanding of it anyway.
Exactly what I meant. The EFL have no jurisdiction over what the debt/equity in the club is, so long as we meet PSR. That’s my understanding of it anyway.Not an expert on PSR but think that restricts losses (not amount of debt). Interest free loans have no impact on P&L (losses).
This thread is nice. Like old times.
Heard it here first:
After saving his earnings as a mascot since 1969, Sky Blues Sam becomes minority owner of CCFC.
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Yes however now we haven’t got anybody that knows what they’re talking about or that could explain it. I and most others on here had only got through about half of “Complex Accountancy For Dummies” before our guru was sadly taken from us.This thread is nice. Like old times.
@Pitch87 seems to be spot on.Yes however now we haven’t got anybody that knows what they’re talking about or that could explain it. I and most others on here had only got through about half of “Complex Accountancy For Dummies” before our guru was sadly taken from us.
Unless you have inside knowledge of what the club are doing, no one could tell you what the share issue was for based off what’s available atm. Could be a number of different things.Yes however now we haven’t got anybody that knows what they’re talking about or that could explain it. I and most others on here had only got through about half of “Complex Accountancy For Dummies” before our guru was sadly taken from us.
Then you are completely out of touch. The regulations extend into financial sustainability and solvency etc and Clubs are required to submit financial statementsExactly what I meant. The EFL have no jurisdiction over what the debt/equity in the club is, so long as we meet PSR. That’s my understanding of it anyway.
Unless you have inside knowledge of what the club are doing, no one could tell you what the share issue was for based off what’s available atm. Could be a number of different things.
Nothing to do with a valuation exercise it is obviously a move to get funds in to CCFC without burdening it with debtIt more than implies, it's a factual calculation.
His accountant would be cheaper than a solicitor drawing up a loan agreementLet’s be honest, DK has not gone online to sort this. He would have paid his accountant. That’s why I meant cheaper.
Debt is cheaper than equity btw.
Agreed it's not a valuation exercise, it is about new investment but if that investment comes in the form of equity (particularly if it's from an outside investor) there has to be a valuation at which that investment takes place (whoever is putting that money in has to know what they're getting for it) - in this case the investment is at a post money equity valuation of £150m.Nothing to do with a valuation exercise it is obviously a move to get funds in to CCFC without burdening it with debt
Could it be to fund a new stadium lease? 1.5m a year for 10 years?
Rubbish - it is from a person who owns a company that owns a football club. In effect lending it to himselfAgreed it's not a valuation exercise, it is about new investment but if that investment comes in the form of equity (particularly if it's from an outside investor) there has to be a valuation at which that investment takes place (whoever is putting that money in has to know what they're getting for it) - in this case the investment is at a post money equity valuation of £150m.
Haha, this is probably a wind-up but on the off chance it isn't, so if you were asked to invest £1000 in a property deal, you would consider doing so without knowing what the property is valued at? That's just nonsense. Back to the real world...Rubbish - it is from a person who owns a company that owns a football club. In effect lending it to himself
He wants to put money into the football club ( for a reason he sets ) and the route he has chosen it ticks certain boxes
This thread is nice. Like old times.
Haha, this is probably a wind-up but on the off chance it isn't, so if you were asked to invest £1000 in a property deal, you would consider doing so without knowing what the property is valued at? That's just nonsense. Back to the real world...
Here he is, Dougie's little lap dog. £135mThese are WUM accounts. They only come on to get a reaction. I wouldn’t try using logic or facts to persuade them.
He wouldn't pay it upfront, that would be a mental idea imoCould it be to fund a new stadium lease? 1.5m a year for 10 years?
Dumb and dumber ….Here he is, Dougie's little lap dog. £135m
He doesn't - believe me !@Pitch87 seems to be spot on.
He has invested in a Championship football club - clearly a speculative venture that has no guaranteed value or profitable futureHaha, this is probably a wind-up but on the off chance it isn't, so if you were asked to invest £1000 in a property deal, you would consider doing so without knowing what the property is valued at? That's just nonsense. Back to the real world...
He wouldn't keep it quiet if he was chucking money in, not his style.Ashley investing ?
I think you might find several cars with blue lights outside your front door in short orderIf 15 million quid showed up in my account I wouldn’t ask any questions whatsoever!
Move over @RFC there's a new sheriff in townDumb and dumber ….
The EFL do not stop clubs from having debt though do they. Clubs have to submit business plans and financial statements to show the debt is manageable, but even then as long as the club’s meet PSR rules and pay their creditors on time there’s nothing they can do.Then you are completely out of touch. The regulations extend into financial sustainability and solvency etc and Clubs are required to submit financial statements
Why on earth would he need to draw up a loan agreement? Have you ever heard of a directors loan? Would be as simple as setting up a payment from his own bank to the company account. And no one would be any wiser until the year accounts re published.His accountant would be cheaper than a solicitor drawing up a loan agreement
Debt is cheaper than equity btw. - Interesting statement please explain your reasoning !
Of course it’s going to be for the benefit of the football club?There is a copy issue of shares within CCFC Opco thta is funded by the transfer from its Parent
So there is an implied intention it is for the benefit of the football club - or to cover past costs
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