| £10m of Ayew transfer fee borrowed against on 20:19 - Mar 8 with 2471 views | ItchySphincter |
Wrong linkydink methinks. |  |
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| £10m of Ayew transfer fee borrowed against on 11:39 - Mar 9 with 1839 views | Shaky |
Spot on.
Look at the prior entry in Companies House, and you'll see the Club pledging everything else including all premier league revenues as security for their indebtedness.
Look at the one before that from the end of August, and you'll see they pledged everything up to and including the end of the 17/18 season as security.
One major difference I hadn't noticed previously though, is that the lender had changed in the intervening period from Barclays to Santander.
And since everything was fine financially as you've told be previously, this was no doubt because the club felt let down by the service levels provided, and not at all that they had switched to one of the few lenders absolutely desperate to grow their UK loan book after having been told to "FCUK OFF" by Barclays ;-) [Post edited 9 Mar 2017 12:02]
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| £10m of Ayew transfer fee borrowed against on 12:49 - Mar 9 with 1650 views | londonlisa2001 |
| £10m of Ayew transfer fee borrowed against on 11:39 - Mar 9 by Shaky |
Spot on.
Look at the prior entry in Companies House, and you'll see the Club pledging everything else including all premier league revenues as security for their indebtedness.
Look at the one before that from the end of August, and you'll see they pledged everything up to and including the end of the 17/18 season as security.
One major difference I hadn't noticed previously though, is that the lender had changed in the intervening period from Barclays to Santander.
And since everything was fine financially as you've told be previously, this was no doubt because the club felt let down by the service levels provided, and not at all that they had switched to one of the few lenders absolutely desperate to grow their UK loan book after having been told to "FCUK OFF" by Barclays ;-) [Post edited 9 Mar 2017 12:02]
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It's just a bog standard invoice assignment agreement. Companies often use providers other than their main bankers. The Barclays agreement is a facility secured on the central fees (the Sky money if you like). Used because the Sky money gets paid out in chunks throughout the season rather than smoothly.
Most clubs sell their transfer monies these days. |  | | |
| £10m of Ayew transfer fee borrowed against on 13:56 - Mar 9 with 1452 views | Lohengrin |
| £10m of Ayew transfer fee borrowed against on 12:49 - Mar 9 by londonlisa2001 |
It's just a bog standard invoice assignment agreement. Companies often use providers other than their main bankers. The Barclays agreement is a facility secured on the central fees (the Sky money if you like). Used because the Sky money gets paid out in chunks throughout the season rather than smoothly.
Most clubs sell their transfer monies these days. |
You're good, you.  |  |
| An idea isn't responsible for those who believe in it. |
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| £10m of Ayew transfer fee borrowed against on 07:48 - Mar 10 with 943 views | Whiterockin |
| £10m of Ayew transfer fee borrowed against on 12:49 - Mar 9 by londonlisa2001 |
It's just a bog standard invoice assignment agreement. Companies often use providers other than their main bankers. The Barclays agreement is a facility secured on the central fees (the Sky money if you like). Used because the Sky money gets paid out in chunks throughout the season rather than smoothly.
Most clubs sell their transfer monies these days. |
Excellent explanation. That is the difference between fact and somebodies opinion. |  | | |
| £10m of Ayew transfer fee borrowed against on 09:30 - Mar 10 with 830 views | Uxbridge |
| £10m of Ayew transfer fee borrowed against on 12:49 - Mar 9 by londonlisa2001 |
It's just a bog standard invoice assignment agreement. Companies often use providers other than their main bankers. The Barclays agreement is a facility secured on the central fees (the Sky money if you like). Used because the Sky money gets paid out in chunks throughout the season rather than smoothly.
Most clubs sell their transfer monies these days. |
Saved me a job. 
As I've been banging on about for ages, cashflow is a very real issue for the club, so if we want signings in January then there are very few options ... either borrow, raise capital or move some things around. |  |
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