In Everton's case it's secured against next season's TV money, and in the unlikely incidence that they get relegated, it'll be easily covered by their parachute payments. No idea if it's the same deal with us, but it wouldn't surprise me if it was a similar thing.
Ok, but he was talking about us, not Everton. It's extremely unlikely they'll be relegated, but for any newly promoted club it's very possible. If in the event we are relegated we have to use the parachute payments to pay off this loan, how will we pay our players' premier league salaries? I know there will be clauses etc, but it would still be a big outlay. It doesn't seem like a good plan. Which is why I doubt that it is the case.
I must apoligise to every one i upset with my previous post as for calling me stupid you could be on to something there, surely me saying it must raise an eyebrow is no worse than people saying nothings wrong we are amazing stop being so negative, truth is no one on this site knows anything about what happens at southampton fc so there is no difference in 1 person saying we are the best team with the best manager and the best owners, and another saying they wouldn't be surprised if we got put up for sale. Both comments could be true no one knows. I love the petty name calling though so you all plebs (remember i didn't stat it)
Can someone explain to me the meaning of the last two posts? Because I'm struggling to extract anything intelligible from them.
If the loan is secured against PL money/parachute payments, we will not lose the money if we keep up the payments. It's like securing a mortgage against your house.. does not mean you will lose it.
As another poster said, perhaps NC is not going to the Liebher family as he's aiming to run the club as a self sustaining business. If this is the case its not unreasonable to secure a loan against assets or future revenue if the business is expanding (training ground, stadium whatever) but not generating enough cash at the moment to fund the expansion. If Saints were a PLC I guess this would be the equivalent of a rights issue.
