FFP is being relaxed for the next season or two which would also work in our favour if this takeover actually happens.
Ok maybe so but we are agreed he'll make £200 million from the sale? If so that's just north of £14.25m per year for the 14 years.
ATTACH=full]153704[/ATTACH] Now are we sure than ts just not Keys in that traditional head-wear? He has the balls to pull this type of Newcastle WUM off.
Thats why he wears a traditional Ghutrah when not on the TV and being on the wum (researched what they were called)
Intertesting quote from the La Liga president. Also FFP rules have been relaxed this afternoon could be massive for us....
No I worked out he is standing to make about 75m on the sale but when you factor in inflation it actually works out he’s breaking even when you also factor in lost commercial income and no interest on his loan.
How do you figure that? He hasn't paid off the debt and bought the club for £140m. Not arguing just trying to understand it.
He bought us for 134m. I put in a loan of 144m as he didn’t do DD. Thus it cost him 278m. He is selling for 340m. It’s structured as followed. 17m deposit. 33m loan repayments in last years accounts. A guarantee exists between st James holdings and pcp of 111m. Balance payable in cash On completion of deal is 179m. Then the guarantee is enacted in the future to clear the loan o/a or 111m. Profit on sale is 68m. He loaned us 144m int free. At 3% pa that would be 4m a year. 13 x 4 is 52m lost int. But didn’t pay a commercial rate for advertisements which is apparently lost income to nufc of £8m a year. 13 x 8m is 104m. 68 + 104 - 52 = 102m profit. inflation over 13 years on 278m is £110m. 110-104 is a 6m loss.
Well fair play. Might as well be written in Chinese to be honest but I concur: please log in to view this image
Except how can you loan yourself money? So no £52M lost interest. I know the legal answer but in reality it never has been a loan just a loss which he always wanted to get back.
