Inspector Lestrade Posted October 6, 2020 Share Posted October 6, 2020 3 minutes ago, Royal_D said: Not too sure he has ‘backers’ DC has his own £££ and regardless of what a few say, he’s not broke , the question that needs to be posed is he still prepared to chuck endless amounts at it or is he now operating on a footing that may just give him the option of getting out How do you know this? Link to comment Share on other sites More sharing options...
Morepork Posted October 6, 2020 Share Posted October 6, 2020 (edited) 11 minutes ago, Mus said: But if he already owns the stadium why doesn't he just sell it if he can't afford the payments. I'm totally lost now. I hate the way our beloved club is being used. As I understand it the company DC set up to buy the stadium is paying in instalments. This new financing will mean those funds come from a third party as opposed to DC introducing his own capital. A downside of that being S6 and possibly other assets will then be the security against the loan. Not a problem while ever you are servicing the loan. As @ChinaOwl pointed out, the true value of our stadium is only a fraction of the 60m DC bought it for. So, if we are engaging in this exercise to free up a relatively small amount that would be quite troubling. Business's borrow money for many reasons not all negative, I just can’t see any positive ones based on what we know so far. Also, that it has leaked without a prior press release explanation is also a concern. Good or bad you’d want to control how this story broke as much as possible. Edited October 6, 2020 by Morepork 1 Link to comment Share on other sites More sharing options...
Costello 77 Posted October 6, 2020 Share Posted October 6, 2020 3 minutes ago, Royal_D said: Not too sure he has ‘backers’ DC has his own £££ and regardless of what a few say, he’s not broke , the question that needs to be posed is he still prepared to chuck endless amounts at it or is he now operating on a footing that may just give him the option of getting out If he hasn't got backers he's done £140 million of his wealth then. Link to comment Share on other sites More sharing options...
Nero Posted October 6, 2020 Share Posted October 6, 2020 3 minutes ago, Sergeant Tibbs said: I don’t see a meltdown, but do not understand, if the man has business acumen and a pocket to match, why borrow, and pay interest. Why take risks. Or does his track record just lead us to imaging the worst and subsequent bed-wetting. Virtually every business borrows money. Its the basis of capitalism. I dont want to be harsh but if people dont understand things like this they aren't going to be able to understand more complex financial transactions and why they might be an advantage in the short term. 2 1 Link to comment Share on other sites More sharing options...
BARMYARMY2010 Posted October 6, 2020 Share Posted October 6, 2020 1 minute ago, A12owl said: Some think the same about Monk. Not all though. Name one person who thinks Monk will come good. Stop turning threads about summat totally different into a monk thread,there's a mega thread for that. 3 Link to comment Share on other sites More sharing options...
Mus Posted October 6, 2020 Share Posted October 6, 2020 1 minute ago, Morepork said: As I understand it the company DC set up to buy the stadium is paying in instalments. This new financing will mean those funds come from a third party as opposed to DC introducing his own capital. A downside of that being S6 and possibly other assets will then be the security against the loan. As @ChinaOwl pointed out, the true value of our stadium is only a fraction of the 60m DC bought it for. So, if we are engaging in this exercise to free up a relatively small amount that would be quite troubling. Business's borrow money for many reasons not all negative, I just can’t see any positive ones based on what we know so far. Also, that it has leaked without a prior press release explanation is also a concern. Good or bad you’d want to control how this story broke as much as possible. Thanks for that, I have never been good with figures or capital, probably why I'm always skint Link to comment Share on other sites More sharing options...
Inspector Lestrade Posted October 6, 2020 Share Posted October 6, 2020 Just now, A12owl said: I deliberately didn't mention a name in case somebody with great power deleted my post. AGAIN. Ahhh you as well? Link to comment Share on other sites More sharing options...
Morepork Posted October 6, 2020 Share Posted October 6, 2020 1 minute ago, Mus said: Thanks for that, I have never been good with figures or capital, probably why I'm always skint Well it would appear you have prospects in the finance dept at Wednesday then, you have the requisite qualifications. 2 Link to comment Share on other sites More sharing options...
Costello 77 Posted October 6, 2020 Share Posted October 6, 2020 2 minutes ago, Nero said: Virtually every business borrows money. Its the basis of capitalism. I dont want to be harsh but if people dont understand things like this they aren't going to be able to understand more complex financial transactions and why they might be an advantage in the short term. I know you're a high flyer from what you've told us. But surely you only borrow money to expand? Also in my business dealings there was a credit rating to consider that wasn't very different to the high street banks'. 1 Link to comment Share on other sites More sharing options...
WalthamOwl Posted October 6, 2020 Share Posted October 6, 2020 1 minute ago, Costello 77 said: I know you're a high flyer from what you've told us. But surely you only borrow money to expand? Also in my business dealings there was a credit rating to consider that wasn't very different to the high street banks'. maybe he’s just doing it so he can splash the cash before the window closes Link to comment Share on other sites More sharing options...
billyblack Posted October 6, 2020 Share Posted October 6, 2020 7 minutes ago, Nero said: Virtually every business borrows money. Its the basis of capitalism. I dont want to be harsh but if people dont understand things like this they aren't going to be able to understand more complex financial transactions and why they might be an advantage in the short term. Nowt wrong with borrowing, its the paying back Link to comment Share on other sites More sharing options...
Sergeant Tibbs Posted October 6, 2020 Share Posted October 6, 2020 4 minutes ago, Nero said: Virtually every business borrows money. Its the basis of capitalism. I dont want to be harsh but if people dont understand things like this they aren't going to be able to understand more complex financial transactions and why they might be an advantage in the short term. I understand all of that, I work in finance. We all borrow. And done lend, generally for profit. Second charge / secured lending isn’t anything new to most. But how short is this term you are referring to. I’m genuinely interested- what’s the pay off. Link to comment Share on other sites More sharing options...
WalthamOwl Posted October 6, 2020 Share Posted October 6, 2020 1 minute ago, billyblack said: Nowt wrong with borrowing, its the paying back yes paying back plus interest. It’s how they get you. Link to comment Share on other sites More sharing options...
WindygrOWLer Posted October 6, 2020 Share Posted October 6, 2020 5 minutes ago, Inspector Lestrade said: Ahhh you as well? #metoo 1 Link to comment Share on other sites More sharing options...
The only way is S6 Posted October 6, 2020 Share Posted October 6, 2020 12 minutes ago, mkowl said: I will wait until I see the documents, then make a hyped up headline to get clickbait Bit harsh mk considering Wednesday don't play for 10 days......... Link to comment Share on other sites More sharing options...
Costello 77 Posted October 6, 2020 Share Posted October 6, 2020 1 minute ago, WalthamOwl said: maybe he’s just doing it so he can splash the cash before the window closes You don't normally use fixed assets to leverage debt for a spending spree but I suppose it's quite possible. Link to comment Share on other sites More sharing options...
Sergeant Tibbs Posted October 6, 2020 Share Posted October 6, 2020 15 minutes ago, BARMYARMY2010 said: Stop,don't turn this thread into a monk thread. It only took 15 pages, that’s progress. 1 Link to comment Share on other sites More sharing options...
Maddogbob Posted October 6, 2020 Share Posted October 6, 2020 Hmmmm, this offically make me nervous. Securing a loan against the stadium that you sold to yourself, yeah not great that. 1 Link to comment Share on other sites More sharing options...
OWLERTON GHOST Posted October 6, 2020 Share Posted October 6, 2020 30 minutes ago, Uncle Mort AMB said: I'am holding fire the last time i took a dump on the bedroom fan , it turned out Milan had mortgaged the ground for just £2 million FFS. You should have made your move then Morty ... Gonna cost you upwards of 150 million now... Plus interest..... 1 Link to comment Share on other sites More sharing options...
Mick70 Posted October 6, 2020 Share Posted October 6, 2020 If you ever took out a consolidation loan at a lower apr to pay off debts on a higher apr then that’s what dc has done ? Saving himself money in the long run ? The the view of someone on Twitter that makes sense to me hopefully Link to comment Share on other sites More sharing options...
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