I certainly never said that. The covenants don't mention other borrowing...they require EBITDA to cover a multiple of the interest. I think the multiple is between 1.5 and 2. Any additional borrowing or even capital injection into the Club probably won't allow any increased revenue spend because the EBITDA will reduce. Any additional loan or capital injection can fund things like hotel builds because they don't affect EBITDA. In principle the owners could provide alternative security and remove the covenants but I think that is much harder than you think.
Why is Nel Patrick Harris playing Keir Starmer? Oh, wait, that's our chairman... please log in to view this image
It goes to show the times we live in when the Lewis family are rumoured to be putting a £100 million into the club and I think Meh is that all
Bloomberg report we've been given £90m from Macquarie Group Basically a payday loan where we get the money now and Macquarie get it back from our TV revenue between December 2025-May 2026 Before anyone asks.., i.) This is not an unused step for a club to make, especially in Spain given Barca and Los Ladrones regularly make the kinds of deals ii.) It's more for liquidity than any thoughts of a January splurge, given our summer spending put a bit of a squeeze on our finances
According to Swiss Ramble, the summer window improved our EBITDA by a small amount so I think we could spend about £200m in January without breaching any covenants. A capital injection from ENIC could fund that and the hotel build.
please log in to view this image All four of our league games in November have been rescheduled. What a load of bollocks.
Analysing ... done. 1. The KO time against Kings Rd FC seems to be for the USA market. 2. The Man Utd game is the third midday KO in 4 months. Do not know what the distribution of such fixtures is per club over that period. 3. The NLD shift gives both teams one less day before arguably their most difficult CL first stage opponent. On #1, if it brings in more TV broadcast revenue accordingly, fair enough. On #2, WTF is the rationale for those KO times (damned if I know) ??
