Leicester and PSR for 23/24

[Feidlimid]

What’s the point in borrowing money when we can barely spend anyway thanks to PSR

Hence my question. Maybe the board have decided that their offices need a refurb.

 

[LoopisDeLupis]

What’s the point in borrowing money when we can barely spend anyway thanks to PSR.

It’s for the independent consultants to analyse where Rudkin and Whelan definitely haven’t made any mistakes

 

[SilverFox]

We don't know what it will be used for. We assume the tranfer kitty, or to assist cash flow, or whatever

What I don't get is why we're taking such loans when we have a supposed money bags owner. Are we not allowed to borrow from Top/KP? Have we reached the limit on that source?

We are indeed allowed to borrow from them. No idea why they keep borrowing from these sharks. Enormous interest sounds fun.

 

[Joe_Fox]

We are indeed allowed to borrow from them. No idea why they keep borrowing from these sharks. Enormous interest sounds fun.

They are just a bank, and probably have more favourable interest rates. Better than going to say Barclays.

 

[LoopisDeLupis]

They are just a bank, and probably have more favourable interest rates. Better than going to say Barclays.

Hasn’t @Brown Nose previously looked into Macquarie and concluded their setup is geared towards football clubs (payments based on tv revenue) rather than a more traditional monthly/annual type payment?

 

[fitz]

What’s the point in borrowing money when we can barely spend anyway thanks to PSR. We must be pretty near the limit as to how much more we can spend after spaffing away a shitload in the summer.

Probably cash flow. What's the timing of payment for tv deals etc...

 

[SilverFox]

I don’t get it. If money is tight why can’t we borrow from KP and pay it back without extortionate interest. These guys like borrowing against revenue we might not have.

 

[fitz]

I don’t get it. If money is tight why can’t we borrow from KP and pay it back without extortionate interest. These guys like borrowing against revenue we might not have.

Depends on the rates....I've not looked tbh. They might get a better rate investing that money elsewhere than the loan rate?

 

[M17TT C]

I don’t get it. If money is tight why can’t we borrow from KP and pay it back without extortionate interest. These guys like borrowing against revenue we might not have.

I'd guess KP Group is not massively cash rich??

 

[Joe_Fox]

Macquarie offer competitive rates to general public for mortgages, etc so guessing their corporate rates are equally competitive. I really don't think their choice of loan provider is anything peculiar. Certainly not worth the focus it seems to be getting. I mean, we have bigger problems, don't we? I mean, spending £25 million on a Skipp might be more concerning.

 

[LoopisDeLupis]

Macquarie offer competitive rates to general public for mortgages, etc so guessing their corporate rates are equally competitive. I really don't think their choice of loan provider is anything peculiar. Certainly not worth the focus it seems to be getting. I mean, we have bigger problems, don't we? I mean, wasting £25 million on a Skipp might be more concerning.

Fixed for you

 

[Feidlimid]

Could be some kind of question/limit with regard to equity? Who knows. Loads of questions, all of them interesting in their own way (depending on what floats your boat) Few of us in a position to know the answers. Conjecture fills the void, and the forum

 

[Rock Fox]

We don't know what it will be used for.

We've got a state-of-the-art training centre, but this is for the new, and much needed, re-training centre.