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I saw it in a portuguese instagram that has insights.
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The stadium debt is tied up in bonds over 20-30 years at about 20 mil per year according to Alasdair Gold if memory serves me right. That's not a worry.
The 175 mil loan with the bank of England also had stupidly low interest and was renegotiable.
Pretty sure that's the interest no? 20m x 20 years = 400m, that's only 65% of the loan, no?
Yes I heard about the low interest rate on the 175m govt loan but wasn't that a relatively short term loan?
Don't get your knickers in a twist now, karl. We will always find the money for the right kind of dross.
It's possible. We won't play a traditional midfield 3, with one number 6 and two 8's - our structure is a 2 + 1. But Ndombele could play alongside Hojbjerg (instead of Winks), with Lo Celso ahead of them as a 10. By the way, we don't necessarily need to have a "first eleven" - we are still going to adapt according to the opposition.
What’s your take on Viniscus?
I might be wrong, and I'm not going to go burrowing down that fucking rabbit hole now, but I'm sure the last time I looked the debt was going to cost something like an initial 43m pa, and decrease over the term. Now, maybe it's been restructured, but I'm pretty sure that was the figure I read. But that also doesn't take into account the increase in running costs of the new gaff either.
On the flip side, when it was up and running, it seemed like it was an absolute license to print money, and we'd easily cover that and have plenty of juice left over.
Ironic that it coincides with the only time in history that stadiums become unusable.
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circa £17m pa interest on £637m bonds and bank loans
Okay, most importantly...
Who's going to head over to RedCafe the moment this gets confirmed to go salt mining?
:mourlmao:
Who's going to head over to RedCafe the moment this gets confirmed to go salt mining?
:mourlmao:
Why do this with less than a week to go though?
Some don't let facts get in the way of a chance to tell the world "I'm a better fan than you! So there!".
you mean we should of done this before ? Agreed, but main thing is that important striker back up is finally coming in
HERE WE GO
GIVEN OUR FIXTURES SCHEDULE AND SON INJURY, LET'S START HIM AGAINST UNITED
GIVEN OUR FIXTURES SCHEDULE AND SON INJURY, LET'S START HIM AGAINST UNITED
Well thank fuck it doesn't effect Gedson. That would have made the whole thing a non-starter.
Reuters | Breaking International News & Views
Find latest news from every corner of the globe at Reuters.com, your online source for breaking international news coverage.
circa £17m pa interest on £637m bonds and bank loans
But that's just the interest, no?
Spurs Stadium Pays For Itself
tottenhamhotspur.blogspot.com
Tottenham have a £637 million (€711.86m $808.33m) stadium debt and it has been estimated by a leading firm of football accountants that it will cost the club £47.8 million (€53.42m - $60.66m) a year to pay in interest and loan payments.
The £637 million figure is our loan facility from Bank of America Merrill Lynch, Goldman Sachs and HSBC. This is payable by 2022 and it is thought the interest rate was 3.5% originally, Bank of England changes may have changed that.
Paying back £637 million at 3.5% interest will cost about £22.3 million (€24.92m - $28.3m).
Paying back £637 over 25 years will cost about £25.5 million (€28.5m- $32.36m) a year.
Add the two together and you have your £47.8 million figure.
Each year we pay a piece of the debt, the repayment and the interest on it become smaller as we reduce the amount we still owe and therefore the cost of the interest.