The Championship's well run clubs (2 Viewers)

[oldfiver]

Finance expert sheds light on Burnley takeover debt concerns

ALK Capital has taken out a £60m loan and used Burnley's own money to fund a takeover - and football finance expert Kieran Maguire explains what it all means

www.lancs.live

 

---

[Razzle Dazzle Dean Gordon]

I read an article today that said Burnley were being charged 9% interest on their loans.

Ours are more like 16% aren't they? Burnley must be a safer bet but in the main loans from owners seem to be at zero, or very low rates. Not ours....i understand why, just wish it were different

 

[oldfiver]

Ours are more like 16% aren't they? Burnley must be a safer bet but in the main loans from owners seem to be at zero, or very low rates. Not ours....i understand why, just wish it were different

Others charge rents, management charges and salaries and actually take them

 

[Londonccfcfan]

'Yeah but there was this one time where he did a bad thing at another club, and he was solely responsible for St Andrews and he's not paid off our debts yet...."

Some people will always find the negatives. Fair enough.

A few points.

Indirectly not owning our own stadium saved us millions in losses. Those who owned stadiums during covid...got fucked!
Granted SISU got lucky here.

Having debt isnt an issue!! Ffs every organisation has debt...and requires faculty to access debt!! How you service a debt is fundamental.

I wonder what the credit rating agency's would rate our debt at?.

As for assets fuck all at league 2 or league 1 level. We are in the championship now and I'd say established with players on contracts. Very saleable assets ...appreciating as we move further up the ladders.

Just a few minor points.

 

[Grendel]

A few points.

Indirectly not owning our own stadium saved us millions in losses. Those who owned stadiums during covid...got fucked!
Granted SISU got lucky here.

Having debt isnt an issue!! Ffs every organisation has debt...and requires faculty to access debt!! How you service a debt is fundamental.

I wonder what the credit rating agency's would rate our debt at?.

As for assets fuck all at league 2 or league 1 level. We are in the championship now and I'd say established with players on contracts. Very saleable assets ...appreciating as we move further up the ladders.

Just a few minor points.

you make the same arguments as Nells and Shugs on the wasps forums

Jesus wept it’s embarrassing

 

[skybluesam66]

In what ways are we in a better position?

god you really have tunnel vision. I bet your a joy to be with

Wages are paid
HMRC are not knocking at the door
Quality players on contracts
Crowds are up
performances are up
The team and fans (Apart from yourself) are in harmony

do you need any more

yes we have a debt to the owners, but which club doesnt (and i am not asking you to list them)

 

[clint van damme]

god you really have tunnel vision. I bet your a joy to be with

Wages are paid
HMRC are not knocking at the door
Quality players on contracts
Crowds are up
performances are up
The team and fans (Apart from yourself) are in harmony

do you need any more

yes we have a debt to the owners, but which club doesnt (and i am not asking you to list them)

The irony of your opening sentence.

 

[bawtryneal]

A well run club that has no assets and no leaseholder value. Yeah how convincing

It's all relative my friend
Credit where credit is due.