PL Rescue Package

Discussion in 'Bulletin Board' started by Marc, Dec 3, 2020.

  1. Marc

    Marc Administrator Staff Member Admin

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    £200 loan to Championship £50m grant to L1 and L2. I wonder if there are any terms to that?
     
    Marc, Dec 3, 2020
    #1
  2. rey

    reytfan Well-Known Member

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    £200 won't go very far will it,some extra big rolls maybe
     
    reytfan, Dec 3, 2020
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  3. Shy Talk

    Shy Talk Well-Known Member

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    Oh there'll be a price to pay, there always will be with those shysters. B teams most likely.
     
    Shy Talk, Dec 3, 2020
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  4. dreamboy3000

    dreamboy3000 Well-Known Member

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    How will we spend our £8.33 share of the loan.
     
    dreamboy3000, Dec 3, 2020
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  5. Plankton Pete

    Plankton Pete Well-Known Member

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    Single can of Verdant beer
     
    Plankton Pete, Dec 3, 2020
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  6. Dalestykes

    Dalestykes Well-Known Member

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    It's a loan. Tell them to stick it it their arse. Greedy ********.
     
    Dalestykes, Dec 3, 2020
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  7. lk3

    lk311 Well-Known Member

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    Got to be repaid by Summer of 2014 and capped at 8.33 million per Championship club, so in effect each club will need to find nearly 2.5million a year to repay back. Given it’s unlikely any club will recover enough this year it’s more like 3 a year.

    Could work or could be a sticky plaster/cue lots of clubs just delaying the inevitable.
     
    lk311, Dec 3, 2020
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  8. Mrs

    MrsHallsToffeerolls Well-Known Member

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    Money for nowt if yer get it and dont use it, Red squirrel away.
     
    MrsHallsToffeerolls, Dec 3, 2020
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  9. rey

    reytfan Well-Known Member

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    Bloody hell, we're already six years late on our repayment schedule!
     
    reytfan, Dec 3, 2020
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  10. Air

    Airon c redscue Well-Known Member

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    It wouldn't suprise me if the "owners" didn't use the loan to actually finally complete the agreed purchase of the club from the Crynes.
     
    Airon c redscue, Dec 3, 2020
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  11. Marc

    Marc Administrator Staff Member Admin

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    Don’t know any of the detail but I’m immediately cynical, just because it’s PL. They’re not known for their philanthropy. I’m guessing there will be summat. Preference on player transfers, renegotiated sell on clauses or whatever.
     
    Marc, Dec 3, 2020
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  12. Jack Tatty

    Jack Tatty Well-Known Member

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    Are you Sheffield Wednesday's accountant?
     
    Jack Tatty, Dec 3, 2020
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  13. Dan

    DannyWilsonLovechild Well-Known Member

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    The club is a separate entity to the owners.
     
    DannyWilsonLovechild, Dec 3, 2020
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  14. Ex Bournemouth Red

    Ex Bournemouth Red Active Member

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    PL isn’t standing the £200m loan to the Championship. They will pay up to £15m to help the EFL secure the £200m loan, so it can lend to Champ clubs interest free - so my guess it looks like the PL will only be paying the interest for the loan (which will come from a 3rd party) and that is the only help given to the Champ clubs from the PL.

    Over the 3.5 year period to when the loans have to be repaid, it amounts to up to £4.28m per year. Although it’s better then nothing, it’s not as generous as the headline makes out.
     
    Ex Bournemouth Red, Dec 3, 2020
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  15. lk3

    lk311 Well-Known Member

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    D’oh should say 2024
     
    lk311, Dec 3, 2020
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  16. Mr Badger

    Mr Badger Well-Known Member

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    Big rolls of what?
     
    Mr Badger, Dec 3, 2020
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  17. SFOTyke

    SFOTyke Well-Known Member

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    £200. Big Rolls. 2014.

    I think this thread wins the prize for the most typos in a short story.
     
    SFOTyke, Dec 3, 2020
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