jonny1403 Posted January 30, 2019 Share Posted January 30, 2019 He's not borrowing against the tv money specifically. Any company that takes out a loan will need to grant security over an income stream to support it. Typically, any bank will ask for that loan to be secured against as many assets/income streams as possible. The TV money is naturally included in that. It's not that the TV money is being paid to the bank, its just being used as security should the club default on the loan. It's pretty standard practice. Link to post Share on other sites More sharing options...
Jackie Broon Posted January 30, 2019 Share Posted January 30, 2019 One positive is that it indicates that Ashley has been 'paying himself back' a huge amount of money and, if we do stay up this season, we might no longer be in debt to him. That could make the sale of the club much more straightforward. Link to post Share on other sites More sharing options...
ToonTastic Posted January 30, 2019 Share Posted January 30, 2019 There was mention he repaid some of his loans in the summer so there wasn't actually all that cash available. Could be why. how the hell does he value the cub at £300m then - because its a cash cow for the fat c***. Surely a club making money means it's worth decent cash to an investor Link to post Share on other sites More sharing options...
ianovthetoon Posted January 30, 2019 Share Posted January 30, 2019 Is this not just re-establishing the clubs revolving credit facility - overdraft. It’s a cash flow thing nothing else Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted January 30, 2019 Share Posted January 30, 2019 Nee idea. Link to post Share on other sites More sharing options...
ToonTastic Posted January 30, 2019 Share Posted January 30, 2019 Is this not just re-establishing the clubs revolving credit facility - overdraft. It’s a cash flow thing nothing else We've only previously had that when we've been relegated though haven't we ? And that's always been paid back on promotion. Link to post Share on other sites More sharing options...
Boo Boy Posted January 30, 2019 Share Posted January 30, 2019 One positive is that it indicates that Ashley has been 'paying himself back' a huge amount of money and, if we do stay up this season, we might no longer be in debt to him. That could make the sale of the club much more straightforward. this sort of naievity really needs looking at. he is taking money out without reducing the debt. Link to post Share on other sites More sharing options...
Guest Howaythetoon Posted January 30, 2019 Share Posted January 30, 2019 One positive is that it indicates that Ashley has been 'paying himself back' a huge amount of money and, if we do stay up this season, we might no longer be in debt to him. That could make the sale of the club much more straightforward. this sort of naievity really needs looking at. he is taking money out without reducing the debt. Link to post Share on other sites More sharing options...
Heake Posted January 30, 2019 Share Posted January 30, 2019 One positive is that it indicates that Ashley has been 'paying himself back' a huge amount of money and, if we do stay up this season, we might no longer be in debt to him. That could make the sale of the club much more straightforward. this sort of naievity really needs looking at. he is taking money out without reducing the debt. Do we know that? The accounts wont be available for scrutiny till next year Link to post Share on other sites More sharing options...
Guest chopey Posted January 30, 2019 Share Posted January 30, 2019 One positive is that it indicates that Ashley has been 'paying himself back' a huge amount of money and, if we do stay up this season, we might no longer be in debt to him. That could make the sale of the club much more straightforward. this sort of naievity really needs looking at. he is taking money out without reducing the debt. Yes, we wont know until the accounts are published but he may have taken money out as a dividend rather than loan repayment Link to post Share on other sites More sharing options...
Heake Posted January 30, 2019 Share Posted January 30, 2019 I know that's the suspicion but does anyone know that yet? I mean I`ve probably read the same as most on here but don't remember whether the rumoured "repayment" has been confirmed as loan or dividend. Link to post Share on other sites More sharing options...
Joe_F Posted January 30, 2019 Share Posted January 30, 2019 The Mag's take However, Newcastle United (via September 2018 fans forum minutes) stated that they had they tried to buy a number of players in summer 2018 beyond the £16.8m 14 year old club transfer record, indicating they had the finance to do so, only for players to supposedly turn the club down. Those same Fans Forum minutes also said that once the transfer window ended, an unspecified amount of the cash that hadn’t been spent in the summer, was instead taken out of the club by Mike Ashley against his personal ‘loans’ to his own football club. So, whilst definitely this new loan from Barclays is to do with buying players, it is clearly also in one way or another being used to cover money Ashley has/is taking out of the club as well. Either to cover the cash he took out after the transfer window so that money is now there to pay for these signings, or even possibly for the owner to take more out now, as well as to buy players. Link to post Share on other sites More sharing options...
Kasper Posted January 30, 2019 Share Posted January 30, 2019 So he's in a way transfering the loans from himself to Barclays? Link to post Share on other sites More sharing options...
tmonkey Posted January 30, 2019 Share Posted January 30, 2019 We should have £100m or more sitting in the bank from my crude calculations, based on looking at the 2017 accounts, published 17-18 PL TV money, etc etc. Possibly alot more. Link to post Share on other sites More sharing options...
r0cafella Posted January 30, 2019 Share Posted January 30, 2019 Nothing stopping him taking money out of the club by paying himself dividends and leaving his loan in tact either btw. Link to post Share on other sites More sharing options...
Jackie Broon Posted January 30, 2019 Share Posted January 30, 2019 One positive is that it indicates that Ashley has been 'paying himself back' a huge amount of money and, if we do stay up this season, we might no longer be in debt to him. That could make the sale of the club much more straightforward. this sort of naievity really needs looking at. he is taking money out without reducing the debt. No need to be so cunty, I was only trying to grasp at possible positives in a sea shit. I am far from naive. Link to post Share on other sites More sharing options...
r0cafella Posted January 30, 2019 Share Posted January 30, 2019 One positive is that it indicates that Ashley has been 'paying himself back' a huge amount of money and, if we do stay up this season, we might no longer be in debt to him. That could make the sale of the club much more straightforward. this sort of naievity really needs looking at. he is taking money out without reducing the debt. No need to be so cunty, I was only trying to grasp at possible positives in a sea s***. I am far from naive. Even if he has paid himself back it's not really helping matters. I think most of us assumed his 300mil asking price was inclusive of the debt but if he has paid himself a chunk of debt back and is still asking 300Mil then that would be another matter entirely. Link to post Share on other sites More sharing options...
Heake Posted January 30, 2019 Share Posted January 30, 2019 One positive is that it indicates that Ashley has been 'paying himself back' a huge amount of money and, if we do stay up this season, we might no longer be in debt to him. That could make the sale of the club much more straightforward. this sort of naievity really needs looking at. he is taking money out without reducing the debt. No need to be so cunty, I was only trying to grasp at possible positives in a sea s***. I am far from naive. Even if he has paid himself back it's not really helping matters. I think most of us assumed his 300mil asking price was inclusive of the debt but if he has paid himself a chunk of debt back and is still asking 300Mil then that would be another matter entirely. Isn't the common consensus that he values the club at around £200m + the / his loans (& original debt incurred whilst paying off the club loan for developing the ground (70m?)). In reality, those debts are a consequence of his poor stewardship /lack of DD when buying the club so he`s clearly intent on having his cake etc. Link to post Share on other sites More sharing options...
Matt Posted January 30, 2019 Share Posted January 30, 2019 I know that's the suspicion but does anyone know that yet? I mean I`ve probably read the same as most on here but don't remember whether the rumoured "repayment" has been confirmed as loan or dividend. Doesn't really make any difference, it's all payments from NUFC ultimately to MASH Holdings. Nor to Jackie's question does it really impact the sale of the club in terms of structure. Where it does make an impact is that an under-invested business will be worth less than one which is more stable and does not require remedial spending. As for the filing of security, chances are we've put in an overdraft facility. It's only recently the club terminated the previous arrangement with Barclays as it has more than enough cash so ditched the overdraft. It's a short-term cash need awaiting assured PL funds so that would be a sensible approach. Does suggest to me that Ashley recouped around £40-50m last summer. Link to post Share on other sites More sharing options...
r0cafella Posted January 30, 2019 Share Posted January 30, 2019 One positive is that it indicates that Ashley has been 'paying himself back' a huge amount of money and, if we do stay up this season, we might no longer be in debt to him. That could make the sale of the club much more straightforward. this sort of naievity really needs looking at. he is taking money out without reducing the debt. No need to be so cunty, I was only trying to grasp at possible positives in a sea s***. I am far from naive. Even if he has paid himself back it's not really helping matters. I think most of us assumed his 300mil asking price was inclusive of the debt but if he has paid himself a chunk of debt back and is still asking 300Mil then that would be another matter entirely. Isn't the common consensus that he values the club at around £200m + the loan (& original debt incurred whilst paying off the club loan for developing the ground (70m?). So in reality, he` Apologies if that's the case, I always thought it was 300 all in. Link to post Share on other sites More sharing options...
Bimpy474 Posted January 30, 2019 Share Posted January 30, 2019 One positive is that it indicates that Ashley has been 'paying himself back' a huge amount of money and, if we do stay up this season, we might no longer be in debt to him. That could make the sale of the club much more straightforward. this sort of naievity really needs looking at. he is taking money out without reducing the debt. No need to be so cunty, I was only trying to grasp at possible positives in a sea s***. I am far from naive. Even if he has paid himself back it's not really helping matters. I think most of us assumed his 300mil asking price was inclusive of the debt but if he has paid himself a chunk of debt back and is still asking 300Mil then that would be another matter entirely. Isn't the common consensus that he values the club at around £200m + the loan (& original debt incurred whilst paying off the club loan for developing the ground (70m?). So in reality, he` I think you'll find the now common consensus is the sale talk is just utter bullshit, i hope not but like all people who cry wolf we have a hard time believing anything the fat slob says. Link to post Share on other sites More sharing options...
Jackie Broon Posted January 30, 2019 Share Posted January 30, 2019 One positive is that it indicates that Ashley has been 'paying himself back' a huge amount of money and, if we do stay up this season, we might no longer be in debt to him. That could make the sale of the club much more straightforward. this sort of naievity really needs looking at. he is taking money out without reducing the debt. No need to be so cunty, I was only trying to grasp at possible positives in a sea s***. I am far from naive. Even if he has paid himself back it's not really helping matters. I think most of us assumed his 300mil asking price was inclusive of the debt but if he has paid himself a chunk of debt back and is still asking 300Mil then that would be another matter entirely. It does. If Ashley sold the club, inclusive of £140m debt for £300m he would be not much more than braking even on what he paid for the club. If the club clears the debt first and he sells for £300m he'll make more than £150m profit. Link to post Share on other sites More sharing options...
Boo Boy Posted January 30, 2019 Share Posted January 30, 2019 One positive is that it indicates that Ashley has been 'paying himself back' a huge amount of money and, if we do stay up this season, we might no longer be in debt to him. That could make the sale of the club much more straightforward. this sort of naievity really needs looking at. he is taking money out without reducing the debt. No need to be so cunty, I was only trying to grasp at possible positives in a sea shit. I am far from naive. apologies but cunty is my default position. Link to post Share on other sites More sharing options...
Bimpy474 Posted January 30, 2019 Share Posted January 30, 2019 One positive is that it indicates that Ashley has been 'paying himself back' a huge amount of money and, if we do stay up this season, we might no longer be in debt to him. That could make the sale of the club much more straightforward. this sort of naievity really needs looking at. he is taking money out without reducing the debt. No need to be so cunty, I was only trying to grasp at possible positives in a sea shit. I am far from naive. apologies but cunty is my default position. That's cool, we need another one of those. Link to post Share on other sites More sharing options...
relámpago blanco Posted January 30, 2019 Share Posted January 30, 2019 Any news of late on the takeover or is it still a load of bollocks? Link to post Share on other sites More sharing options...
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