https://www.getfootballnewsfrance.c...n-lee-the-mysterious-e22m-december-2018-loan/ Why would a billionaire take out a high interest loan when he's the cash to buy outright without the need for one? It's all utterly bizarre what's going off there. Hopefully it won't cause issues for us going forward. It doesn't sound good at all. The whole situation over there should have us a little worried.
Does seem a strange situation. Better off judging owners by what they do here really. Wonder if Nice fans have higher expectations than we do
Sounds like the club took the loan out to pay off the remaining 20%? Will have to wait and see what happens I suppose.
It reads like they took a loan out secured against future earnings, which is similar to what the Glazer's did to buy Man Utd. The reasons behind the decision may be sound, for all we know. But I agree it does seem very strange looking at it from the outside.
It doesn’t look that strange. Club took loan to buy out 20% shares at a pre-agreed cost. The club have some money, but they went for the loan instead. Which means cash flow is not affected on a daily basis. They repay circa €6m a year for 4 years. No news here really. Suspect the reporter spoke to some of the folk who are not keen on the takeover.
It's quite a common occurance in business. Nothing to be worried about, even if they did the same thing here.
