27-05-2023, 06:09 AM
(23-05-2023, 12:12 PM)Pedalo_menders Wrote:(23-05-2023, 11:56 AM)teeftwo Wrote: There's a £110M loan to pay back next year plus any other debts that are unknown.
- Parachute payment will be about £40M
- Broadcast money will be no more than £10M
So at least £60M needs to be found (that is payable now) from player sales before they can even think about the costs associated with the football side of the club and the day to day running costs.
They're in quite a bit of trouble because I guarantee that despite being a billionaire the financier behind the whole deal (Dragan Solak) won't have put a single pound of his own money in the club and he sure as hell won't want to now. If he walks away then they're going under because no way do the directors of Sports Republic have the money necessary so they'll either go bankrupt or have to take out a truly unsustainable loan.
Most likely is that they will refinance the loan. The good news is that interest rates are sky high so they'll have to pay through the tooth. The incentive will be to sell the silverware to pay down as much of the loan as they can.
Silverware? What silverware? What does a bit of green cloth at the bottom of an empty cabinet fetch these days?