TOOR getting a lesson from Melton
comment by meltonblue (U10617)
posted 12 hours, 9 minutes ago
comment by There'sOnlyOneRed's (U1721)
posted 3 minutes ago
comment by meltonblue (U10617)
posted 6 minutes ago
Yep. Its better than a lot of owners would do but I’d still argue it’s more than fair to say they could have covered the interest themselves. I get not many owners do nowadays, but they’re benefitting hugely on the asset. The ROI has been insane growth wise the last few years.
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I don't know the in and outs of FSG and what they can and can't do in terms of cash flow and free cash but some clubs play with the healthy debt as it's beneficial even when it isn't exactly needed. There is obviously a reason they did this, otherwise they wouldn't have.
----------------------------------------------------------------------
Doesn’t really matter what their cash flow is, they could have retained at least the interest payment on the holding company if they’re not going to convert it all to equity (which would be the better and I’d argue right thing to do).
----------------------------------------------------------------------
As I said I don't know the ins and outs but they must have a reason to do this otherwise they wouldn't.
comment by (K̇ash) - FSG OUT (Get a move on!) - Free Pal... (U1108)
posted 11 hours, 39 minutes ago
TOOR getting a lesson from Melton
----------------------------------------------------------------------
Yeah a real schooling. Nothing like the schooling you got when you lied, again, about the owners taking a percentage in interest.
comment by There'sOnlyOneRed's (U1721)
posted 1 hour, 8 minutes ago
comment by meltonblue (U10617)
posted 12 hours, 9 minutes ago
comment by There'sOnlyOneRed's (U1721)
posted 3 minutes ago
comment by meltonblue (U10617)
posted 6 minutes ago
Yep. Its better than a lot of owners would do but I’d still argue it’s more than fair to say they could have covered the interest themselves. I get not many owners do nowadays, but they’re benefitting hugely on the asset. The ROI has been insane growth wise the last few years.
----------------------------------------------------------------------
I don't know the in and outs of FSG and what they can and can't do in terms of cash flow and free cash but some clubs play with the healthy debt as it's beneficial even when it isn't exactly needed. There is obviously a reason they did this, otherwise they wouldn't have.
----------------------------------------------------------------------
Doesn’t really matter what their cash flow is, they could have retained at least the interest payment on the holding company if they’re not going to convert it all to equity (which would be the better and I’d argue right thing to do).
----------------------------------------------------------------------
As I said I don't know the ins and outs but they must have a reason to do this otherwise they wouldn't.
----------------------------------------------------------------------
Oh absolutely, it’s for the main stand isn’t it? If you’re them, even if you get a favourable loan, it’s better to put it on the club rather than yourself or your holding company.
comment by meltonblue (U10617)
posted 3 hours, 9 minutes ago
comment by There'sOnlyOneRed's (U1721)
posted 1 hour, 8 minutes ago
comment by meltonblue (U10617)
posted 12 hours, 9 minutes ago
comment by There'sOnlyOneRed's (U1721)
posted 3 minutes ago
comment by meltonblue (U10617)
posted 6 minutes ago
Yep. Its better than a lot of owners would do but I’d still argue it’s more than fair to say they could have covered the interest themselves. I get not many owners do nowadays, but they’re benefitting hugely on the asset. The ROI has been insane growth wise the last few years.
----------------------------------------------------------------------
I don't know the in and outs of FSG and what they can and can't do in terms of cash flow and free cash but some clubs play with the healthy debt as it's beneficial even when it isn't exactly needed. There is obviously a reason they did this, otherwise they wouldn't have.
----------------------------------------------------------------------
Doesn’t really matter what their cash flow is, they could have retained at least the interest payment on the holding company if they’re not going to convert it all to equity (which would be the better and I’d argue right thing to do).
----------------------------------------------------------------------
As I said I don't know the ins and outs but they must have a reason to do this otherwise they wouldn't.
----------------------------------------------------------------------
Oh absolutely, it’s for the main stand isn’t it? If you’re them, even if you get a favourable loan, it’s better to put it on the club rather than yourself or your holding company.
----------------------------------------------------------------------
Yeah it was. The initial loans for stadium improvements etc they put on themselves but obviously this one was a much bigger project.
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Page 2 of 2
posted on 1/3/23
TOOR getting a lesson from Melton
posted on 1/3/23
comment by meltonblue (U10617)
posted 12 hours, 9 minutes ago
comment by There'sOnlyOneRed's (U1721)
posted 3 minutes ago
comment by meltonblue (U10617)
posted 6 minutes ago
Yep. Its better than a lot of owners would do but I’d still argue it’s more than fair to say they could have covered the interest themselves. I get not many owners do nowadays, but they’re benefitting hugely on the asset. The ROI has been insane growth wise the last few years.
----------------------------------------------------------------------
I don't know the in and outs of FSG and what they can and can't do in terms of cash flow and free cash but some clubs play with the healthy debt as it's beneficial even when it isn't exactly needed. There is obviously a reason they did this, otherwise they wouldn't have.
----------------------------------------------------------------------
Doesn’t really matter what their cash flow is, they could have retained at least the interest payment on the holding company if they’re not going to convert it all to equity (which would be the better and I’d argue right thing to do).
----------------------------------------------------------------------
As I said I don't know the ins and outs but they must have a reason to do this otherwise they wouldn't.
posted on 1/3/23
comment by (K̇ash) - FSG OUT (Get a move on!) - Free Pal... (U1108)
posted 11 hours, 39 minutes ago
TOOR getting a lesson from Melton
----------------------------------------------------------------------
Yeah a real schooling. Nothing like the schooling you got when you lied, again, about the owners taking a percentage in interest.
posted on 1/3/23
comment by There'sOnlyOneRed's (U1721)
posted 1 hour, 8 minutes ago
comment by meltonblue (U10617)
posted 12 hours, 9 minutes ago
comment by There'sOnlyOneRed's (U1721)
posted 3 minutes ago
comment by meltonblue (U10617)
posted 6 minutes ago
Yep. Its better than a lot of owners would do but I’d still argue it’s more than fair to say they could have covered the interest themselves. I get not many owners do nowadays, but they’re benefitting hugely on the asset. The ROI has been insane growth wise the last few years.
----------------------------------------------------------------------
I don't know the in and outs of FSG and what they can and can't do in terms of cash flow and free cash but some clubs play with the healthy debt as it's beneficial even when it isn't exactly needed. There is obviously a reason they did this, otherwise they wouldn't have.
----------------------------------------------------------------------
Doesn’t really matter what their cash flow is, they could have retained at least the interest payment on the holding company if they’re not going to convert it all to equity (which would be the better and I’d argue right thing to do).
----------------------------------------------------------------------
As I said I don't know the ins and outs but they must have a reason to do this otherwise they wouldn't.
----------------------------------------------------------------------
Oh absolutely, it’s for the main stand isn’t it? If you’re them, even if you get a favourable loan, it’s better to put it on the club rather than yourself or your holding company.
posted on 1/3/23
comment by meltonblue (U10617)
posted 3 hours, 9 minutes ago
comment by There'sOnlyOneRed's (U1721)
posted 1 hour, 8 minutes ago
comment by meltonblue (U10617)
posted 12 hours, 9 minutes ago
comment by There'sOnlyOneRed's (U1721)
posted 3 minutes ago
comment by meltonblue (U10617)
posted 6 minutes ago
Yep. Its better than a lot of owners would do but I’d still argue it’s more than fair to say they could have covered the interest themselves. I get not many owners do nowadays, but they’re benefitting hugely on the asset. The ROI has been insane growth wise the last few years.
----------------------------------------------------------------------
I don't know the in and outs of FSG and what they can and can't do in terms of cash flow and free cash but some clubs play with the healthy debt as it's beneficial even when it isn't exactly needed. There is obviously a reason they did this, otherwise they wouldn't have.
----------------------------------------------------------------------
Doesn’t really matter what their cash flow is, they could have retained at least the interest payment on the holding company if they’re not going to convert it all to equity (which would be the better and I’d argue right thing to do).
----------------------------------------------------------------------
As I said I don't know the ins and outs but they must have a reason to do this otherwise they wouldn't.
----------------------------------------------------------------------
Oh absolutely, it’s for the main stand isn’t it? If you’re them, even if you get a favourable loan, it’s better to put it on the club rather than yourself or your holding company.
----------------------------------------------------------------------
Yeah it was. The initial loans for stadium improvements etc they put on themselves but obviously this one was a much bigger project.
Page 2 of 2