If they have reduced the share capital yes they would be paying it back to the shareholders. You would think they were a bit desperate to do that. There are tax advantages doing it this way but very few companies do this. Didn't they increase the share capital not long ago?
Only because they had to. Looks like they are returning the company to its original issued share capital with the help of the Premier League money.
If I remember, the club had to increase it's share capital to avoid an FFP fine last season whilst in the Championship. So, if they're reducing share capital it means they will make a profit (I would estimate a hefty one) this season. Or that could be bollocks.
Peter - if you look at the tab 'Charges' that appears to suggest the Macquarie have taken a debenture over Mill House Woods Lane and County Rd. Why would a bank do that unless they were lending money, which it does refer to them as the lender and City as the borrower? Also, why borrow from an Australian bank, then one of the better known ones? I read somewhere else that their bankers were Lloyds. And it looks like the Allams get any / all Premier League money and transfer monies from Snodgrass, Jake, Brady, Long etc. Suppose basically i am saying, what the **** are they up to?