So an owner of the football club not getting their hands on the ground isn't the silver lining many of us thought. They can still bankrupt the limited company and walk away without losing any money and with no personal lability.
As someone living overseas, I've not voted here, as I can only rarely attend matches in person. I will probably renew my Overseas Season Pass for iFollow, as it is one of the ways of keeping my connection with my home town, and the team I've supported since I was about six (I'm 7 3/4 now). I would also miss the stuttering buffered commercials before every single bloody video.
Yes. You don’t have to borrow through conventional high street means. The loan at OGC Nice was through a Cypriot group I’d never heard of and with crazy caveats. They ladened Nice with around 18m euros of debt at (I think, can’t recall exact rate) 9%. Just so they could extract their purchase price. It’s always amazed me that so few people haven’t been shocked at such actions
I knew this is what they'd done, I'd just always assumed they secured the loan again the stadium or the land.
They secured debt against the football club on 3 July 2019. This was with Barclays and was satisfied on 15 Jan 2020. I assume that they put this borrowing in place to meet any cash flow issues. Football clubs can secure debt from lots of areas, against player values or future season ticket sales being just two. If they decided that part of their strategy was to lever up they can.
1-off, never had a season ticket before this season (birthday present from Anne) and never intended to get one again.
Watched Barnsley in the 50's, 60's, 70's, 80's, 90's, 00's, 10's, and now the 20's I have seen good teams very good teams and no so good teams and every game be it in the 4th Division- the old 3rd Division North or the Premier league I get that buz, if you don't its a wast of time you going I'll be there.