Really frightening club loans

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Alfie
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Location: Eye, Suffolk

Really frightening club loans

Post by Alfie » Mon Feb 22, 2021 9:53 am

Not the National League loans, but a series of loans to 'big' clubs from Cayman Islands based US companies

https://www.theguardian.com/football/20 ... t-us-loans

Mainly high interest loans secured on stadiums, training grounds etc.

H1987
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Re: Really frightening club loans

Post by H1987 » Mon Feb 22, 2021 12:02 pm

Not surprised Derby are on the list. Their owner is seriously dodgy. They've been throwing money at getting out of that league for years with no obvious source of income to balance their FFP requirements.

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theoriginalfatcat
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Re: Really frightening club loans

Post by theoriginalfatcat » Mon Feb 22, 2021 12:06 pm

If you are a fan of one of these clubs your views and support mean absolutely nothing. Our model is so much better.
Mr Singh said this " I'm not expecting to get back any of the money I've already put in, I'm prepared to write it off for the future of the club. I'm not hanging in to make any kind of financial gain in the short or long term - if someone was prepared to come in and take the club off my hands, I'd be more than willing to discuss it"

Tamworth matchday programme 26 Nov 2011

quakersfan
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Re: Really frightening club loans

Post by quakersfan » Thu Apr 01, 2021 7:53 pm

theoriginalfatcat wrote:
Mon Feb 22, 2021 12:06 pm
If you are a fan of one of these clubs your views and support mean absolutely nothing. Our model is so much better.
The two worlds are totally different Derby will likely power on we as a club don’t have that type of funding and never will. We do need additional funding but until that happens then the league we are in likely keeps our fan base happy with the flirt of the odd cup run to add to the coffers.

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