1. Log in now to remove adverts - no adverts at all to registered members!

Club take out loans

Discussion in 'Leicester City' started by Proud Fox, Jan 28, 2019.

  1. Proud Fox

    Proud Fox Well-Known Member

    Joined:
    Jan 24, 2011
    Messages:
    24,239
    Likes Received:
    1,496
    The club have taken out 2 loans to cover the cost of the new training ground and the stadium development. The money is loaned against money owed by Man City for Riyad Mahrez and future tv money from the next 2 seasons

    This was the plan from the start and has nothing to do with the death of Vichai
     
    #1
  2. leicester_ed

    leicester_ed Well-Known Member

    Joined:
    Jul 8, 2011
    Messages:
    6,783
    Likes Received:
    286
    I do slightly worry here... financially nothing positive seems to be coming out of the club currently...
     
    #2
  3. BigFox

    BigFox Well-Known Member

    Joined:
    Aug 4, 2011
    Messages:
    6,282
    Likes Received:
    1,019
    Loaning against money that is going to come in isn't that big a deal - it is basically City will pay something like £30m next season and TV deals are something ridiculous like £300m but since we want to spend it now, we are loaning £330m against that to get it.
     
    #3
  4. leicester_ed

    leicester_ed Well-Known Member

    Joined:
    Jul 8, 2011
    Messages:
    6,783
    Likes Received:
    286
    Completely agree that this is fine. I just get a slight inclination that things aren’t going well... there have been whisperings...
     
    #4

Share This Page