That doesn't make sense. We've taken out a loan for £46 million instead of money owed to us by Chelsea?
Chelsea have agreed to pay that money over a couple of years. We want it now. Given the 'football creditors' rule, I would think that loan is the safest financial product you'll be able to find - but why do I have a nagging feeling that the interest payable on the loan won't reflect this?
That’s what 50p beers do to you.
Or maybe we want to use some of that £46 million in the January transfer window.
Suggests to me we aren't structuring our deals very well.
Don’t know. Could be that it saves us money in the long run though, by being at a lower repayment rate than the amount we save by being able to pay for something up front as a result of having the cash?
Perhaps a certain someone is around the corner? That’s the word on the street.
Because we want access to cash that we’re owed so that we can spend it now? I don’t know, but invoice finance is a thing. I’ve never used it for our business, but I know some that do.
If that were the case, why would we take out the loan now? We could have set up the loan facility and only drawn down on it if we find a transfer we want to buy AND we can't negotiate similar terms to Chelsea with the selling club (i.e. cash deferral).
Only the one?!
I do not pretend to know the exact volume and variety of outrageous anecdotes people who know him could tell about Robbie Savage, but I do know that the story which will survive long after we are all gone and forgotten, the one which will surely be recounted in great tomes of historical account in the distant future, will be the saga of the missed phone call from Martin O’Neill.
Looking at that document, it reads to me like we got a third at the time, followed by a third in February and a third in August. Maybe that is relatively quick for the money to come through, maybe it isn’t. I don’t know how that compares to other transfers to be honest.
| P | Pld | Pts | |
| 1 | Leicester | 46 | 97 |
| 2 | Ipswich | 46 | 96 |
| 3 | Leeds Utd | 46 | 90 |
| 4 | Southampton | 46 | 87 |
| 5 | West Brom | 46 | 75 |
| 6 | Norwich City | 46 | 73 |
| 7 | Hull City | 46 | 70 |
| 8 | Middlesbro | 46 | 69 |
| 9 | Coventry City | 46 | 64 |
| 10 | Preston | 46 | 63 |
| 11 | Bristol City | 46 | 62 |
| 12 | Cardiff City | 46 | 62 |
| 13 | Millwall | 46 | 59 |
| 14 | Swansea City | 46 | 57 |
| 15 | Watford | 46 | 56 |
| 16 | Sunderland | 46 | 56 |
| 17 | Stoke City | 46 | 56 |
| 18 | QPR | 46 | 56 |
| 19 | Blackburn | 46 | 53 |
| 20 | Sheffield W | 46 | 53 |
| 21 | Plymouth | 46 | 51 |
| 22 | Birmingham | 46 | 50 |
| 23 | Huddersfield | 46 | 45 |
| 24 | Rotherham Utd | 46 | 27 |
