Fake news. We sold the contract to a bank so we could cash in while he was still suffering at Barca.
The debt. We sold the debt.
Apparently we sold off the debt to a debt company? Would that be inc the addons or just whats definitely owed?
comment by *Michael Edwards FC {Proud owner of the 5 000 000th comment} Super Premier European Champions of the World (U2720)
posted 5 minutes ago
Fake news. We sold the contract to a bank so we could cash in while he was still suffering at Barca.
----------------------------------------------------------------------
Ah i wasn't aware of that. I was just going by a throwaway line in the article. Just made me laugh
Yeah whoever started it was definitely on the wum
It's reached world news though so fair play.
You guys need to realise what that means.
No bank is going to take on the full debt. We clearly felt barca were a bad debtor who were not going to pay so we've sold the risk and taken a discount on the fee. (who would take it on if not)
We will never see anything near the 140mil and this is one aspect of why we are broke. We spent the money then the player flopped at barca and so we ensured we would get some money back.
what i heard was that stuff about another £4.5M if he wins the CL was false.
the sale was for a total of £142M including all add-ons, and we've had pretty much all of it.
there was apparently a add-on of £4.4M for every 15 appearances for barcelona, up to a total of 90 appearances. he's made 75. so it was only part left of the total is for if he makes another 15 appearances for barca.
and that was from the liverpool echo, which i'd view as a damn sight more reliable for liverpool news than any red top tabloids.
https://www.liverpoolecho.co.uk/sport/football/football-news/liverpool-evening-headlines-philippe-coutinho-18779066
comment by moreinjuredthanowen (U9641)
posted 5 minutes ago
You guys need to realise what that means.
No bank is going to take on the full debt. We clearly felt barca were a bad debtor who were not going to pay so we've sold the risk and taken a discount on the fee. (who would take it on if not)
We will never see anything near the 140mil and this is one aspect of why we are broke. We spent the money then the player flopped at barca and so we ensured we would get some money back.
----------------------------------------------------------------------
Yeah but reports are we got up to 90%. Really can't confirm if that's true though.
comment by *Michael Edwards FC {Proud owner of the 5 000 000th comment} Super Premier European Champions of the World (U2720)
posted 12 minutes ago
comment by moreinjuredthanowen (U9641)
posted 5 minutes ago
You guys need to realise what that means.
No bank is going to take on the full debt. We clearly felt barca were a bad debtor who were not going to pay so we've sold the risk and taken a discount on the fee. (who would take it on if not)
We will never see anything near the 140mil and this is one aspect of why we are broke. We spent the money then the player flopped at barca and so we ensured we would get some money back.
----------------------------------------------------------------------
Yeah but reports are we got up to 90%. Really can't confirm if that's true though.
----------------------------------------------------------------------
could you see anyone buying a bad debt for 90% of the face value?
Like if we did and got actual cash for it given the fee was grossly inflated then it'd be miraculous business.
Barca paid 50% or something up front maybe. they boasted about that so then i assume the next phases of the fee might have been sold off with a risk discount.
If we cleared 100mil out of it i reckon we did well. The issue is whether we spent all 140mil of it and have ended up making do as a result for 2 seasons.
IMO barca's actions on this and how they utterly destroyed a club over robbing braithwaite then not using him should make them persona non grata in the transfer market.
It was a bank...I wonder if they thought they could leverage interest on that debt. That where the money should be
comment by moreinjuredthanowen (U9641)
posted 1 hour, 12 minutes ago
You guys need to realise what that means.
No bank is going to take on the full debt. We clearly felt barca were a bad debtor who were not going to pay so we've sold the risk and taken a discount on the fee. (who would take it on if not)
We will never see anything near the 140mil and this is one aspect of why we are broke. We spent the money then the player flopped at barca and so we ensured we would get some money back.
----------------------------------------------------------------------
i think you underestimate who own us
theyre no mugs. People thought the nike deal was worse than NBs too, were you one of them?
As much as i think they're tight facks, theyre no mugs.
I agree with inbefore these guys know their finances hence they so stinking rich. They probably where worried barca wouldn't cough up etc so did what they had to do.
reckon Koeman is the type of manager who would like Coutinho in his team
thats grand but if you can find anyone i could sell debt to for 90% of the value and then default on it please do let me know.
nobody really knows what the story is but it will eventually come out if people dig the financial reports long enough.
We are acting like we are stony broke OR we fans think we ought to be buying and are not and worrying about this.
The evidence suggests we have sold lovren then bought Tsimikas for similar cash, we've given new contracts out to some players but are in the dark abut wijnaldum.
We feel subjectively we are a forward and a reserve Cb short right now.
We don't know how klopp feels about that.
For all we know klopp's got 2 in mind here. Phillips and brewster
comment by moreinjuredthanowen (U9641)
posted 2 hours, 48 minutes ago
comment by *Michael Edwards FC {Proud owner of the 5 000 000th comment} Super Premier European Champions of the World (U2720)
posted 12 minutes ago
comment by moreinjuredthanowen (U9641)
posted 5 minutes ago
You guys need to realise what that means.
No bank is going to take on the full debt. We clearly felt barca were a bad debtor who were not going to pay so we've sold the risk and taken a discount on the fee. (who would take it on if not)
We will never see anything near the 140mil and this is one aspect of why we are broke. We spent the money then the player flopped at barca and so we ensured we would get some money back.
----------------------------------------------------------------------
Yeah but reports are we got up to 90%. Really can't confirm if that's true though.
----------------------------------------------------------------------
could you see anyone buying a bad debt for 90% of the face value?
Like if we did and got actual cash for it given the fee was grossly inflated then it'd be miraculous business.
Barca paid 50% or something up front maybe. they boasted about that so then i assume the next phases of the fee might have been sold off with a risk discount.
If we cleared 100mil out of it i reckon we did well. The issue is whether we spent all 140mil of it and have ended up making do as a result for 2 seasons.
IMO barca's actions on this and how they utterly destroyed a club over robbing braithwaite then not using him should make them persona non grata in the transfer market.
----------------------------------------------------------------------
Every heard of factoring companies? You sell the debt to them and they give you 90% straight up. We'll at least that's what happened in one of the companies I worked for that went bankrupt.
I know you lot are hard up right now but is 4.5m really going to make that much difference 😳
comment by gratedbean (U4885)
posted 8 minutes ago
I know you lot are hard up right now but is 4.5m really going to make that much difference 😳
----------------------------------------------------------------------
put it this way
furlough would not have saved that much
comment by (K̇ash) I'm the Mané - PL Champione (U1108)
posted 2 hours, 32 minutes ago
reckon Koeman is the type of manager who would like Coutinho in his team
----------------------------------------------------------------------
I think you might be right but its all politics there.
koeman has walked into a minefield.
there's guys above him with agendas on re-election and saving their own jobs. There's fans to consider, there's other senior players having their say too.
I simply don't know what will happen but surely it only takes one of the above to keep coutinho frozen out.
comment by moreinjuredthanowen (U9641)
posted 5 minutes ago
comment by gratedbean (U4885)
posted 8 minutes ago
I know you lot are hard up right now but is 4.5m really going to make that much difference 😳
----------------------------------------------------------------------
put it this way
furlough would not have saved that much
----------------------------------------------------------------------
😘
Pressed the wrong one there. Ah well what’s done is done 😂
comment by There'sOnlyOneRed's (U1721)
posted 3 hours, 9 minutes ago
comment by moreinjuredthanowen (U9641)
posted 2 hours, 48 minutes ago
comment by *Michael Edwards FC {Proud owner of the 5 000 000th comment} Super Premier European Champions of the World (U2720)
posted 12 minutes ago
comment by moreinjuredthanowen (U9641)
posted 5 minutes ago
You guys need to realise what that means.
No bank is going to take on the full debt. We clearly felt barca were a bad debtor who were not going to pay so we've sold the risk and taken a discount on the fee. (who would take it on if not)
We will never see anything near the 140mil and this is one aspect of why we are broke. We spent the money then the player flopped at barca and so we ensured we would get some money back.
----------------------------------------------------------------------
Yeah but reports are we got up to 90%. Really can't confirm if that's true though.
----------------------------------------------------------------------
could you see anyone buying a bad debt for 90% of the face value?
Like if we did and got actual cash for it given the fee was grossly inflated then it'd be miraculous business.
Barca paid 50% or something up front maybe. they boasted about that so then i assume the next phases of the fee might have been sold off with a risk discount.
If we cleared 100mil out of it i reckon we did well. The issue is whether we spent all 140mil of it and have ended up making do as a result for 2 seasons.
IMO barca's actions on this and how they utterly destroyed a club over robbing braithwaite then not using him should make them persona non grata in the transfer market.
----------------------------------------------------------------------
Every heard of factoring companies? You sell the debt to them and they give you 90% straight up. We'll at least that's what happened in one of the companies I worked for that went bankrupt.
----------------------------------------------------------------------
they must be morons or well rich morons. if you can make a profit on 90% face value when debts are considered risky you must be doing well.
comment by moreinjuredthanowen (U9641)
posted 2 hours, 14 minutes ago
comment by There'sOnlyOneRed's (U1721)
posted 3 hours, 9 minutes ago
comment by moreinjuredthanowen (U9641)
posted 2 hours, 48 minutes ago
comment by *Michael Edwards FC {Proud owner of the 5 000 000th comment} Super Premier European Champions of the World (U2720)
posted 12 minutes ago
comment by moreinjuredthanowen (U9641)
posted 5 minutes ago
You guys need to realise what that means.
No bank is going to take on the full debt. We clearly felt barca were a bad debtor who were not going to pay so we've sold the risk and taken a discount on the fee. (who would take it on if not)
We will never see anything near the 140mil and this is one aspect of why we are broke. We spent the money then the player flopped at barca and so we ensured we would get some money back.
----------------------------------------------------------------------
Yeah but reports are we got up to 90%. Really can't confirm if that's true though.
----------------------------------------------------------------------
could you see anyone buying a bad debt for 90% of the face value?
Like if we did and got actual cash for it given the fee was grossly inflated then it'd be miraculous business.
Barca paid 50% or something up front maybe. they boasted about that so then i assume the next phases of the fee might have been sold off with a risk discount.
If we cleared 100mil out of it i reckon we did well. The issue is whether we spent all 140mil of it and have ended up making do as a result for 2 seasons.
IMO barca's actions on this and how they utterly destroyed a club over robbing braithwaite then not using him should make them persona non grata in the transfer market.
----------------------------------------------------------------------
Every heard of factoring companies? You sell the debt to them and they give you 90% straight up. We'll at least that's what happened in one of the companies I worked for that went bankrupt.
----------------------------------------------------------------------
they must be morons or well rich morons. if you can make a profit on 90% face value when debts are considered risky you must be doing well.
----------------------------------------------------------------------
Happens in our company
All our newly generated sales invoices get "sold" to the bank and 90% of the value becomes instantly available for use
They don't call it factoring, they call it Invoice Discounting
And the remaining 10% also becomes available as and when certain criteria are met
comment by Keep It Greasy - Music is the BEST (U1396)
posted 1 hour, 7 minutes ago
comment by moreinjuredthanowen (U9641)
posted 2 hours, 14 minutes ago
comment by There'sOnlyOneRed's (U1721)
posted 3 hours, 9 minutes ago
comment by moreinjuredthanowen (U9641)
posted 2 hours, 48 minutes ago
comment by *Michael Edwards FC {Proud owner of the 5 000 000th comment} Super Premier European Champions of the World (U2720)
posted 12 minutes ago
comment by moreinjuredthanowen (U9641)
posted 5 minutes ago
You guys need to realise what that means.
No bank is going to take on the full debt. We clearly felt barca were a bad debtor who were not going to pay so we've sold the risk and taken a discount on the fee. (who would take it on if not)
We will never see anything near the 140mil and this is one aspect of why we are broke. We spent the money then the player flopped at barca and so we ensured we would get some money back.
----------------------------------------------------------------------
Yeah but reports are we got up to 90%. Really can't confirm if that's true though.
----------------------------------------------------------------------
could you see anyone buying a bad debt for 90% of the face value?
Like if we did and got actual cash for it given the fee was grossly inflated then it'd be miraculous business.
Barca paid 50% or something up front maybe. they boasted about that so then i assume the next phases of the fee might have been sold off with a risk discount.
If we cleared 100mil out of it i reckon we did well. The issue is whether we spent all 140mil of it and have ended up making do as a result for 2 seasons.
IMO barca's actions on this and how they utterly destroyed a club over robbing braithwaite then not using him should make them persona non grata in the transfer market.
----------------------------------------------------------------------
Every heard of factoring companies? You sell the debt to them and they give you 90% straight up. We'll at least that's what happened in one of the companies I worked for that went bankrupt.
----------------------------------------------------------------------
they must be morons or well rich morons. if you can make a profit on 90% face value when debts are considered risky you must be doing well.
----------------------------------------------------------------------
Happens in our company
All our newly generated sales invoices get "sold" to the bank and 90% of the value becomes instantly available for use
They don't call it factoring, they call it Invoice Discounting
And the remaining 10% also becomes available as and when certain criteria are met
----------------------------------------------------------------------
yeah but that invoice is not a bad debt.
maybe we didn't consider barca a bad debtor and maybe someone did take a 10% slice of 70 odd million fee remaining or whoever so we could get ready cash.
who knows.
comment by moreinjuredthanowen (U9641)
posted 17 hours, 47 minutes ago
comment by There'sOnlyOneRed's (U1721)
posted 3 hours, 9 minutes ago
comment by moreinjuredthanowen (U9641)
posted 2 hours, 48 minutes ago
comment by *Michael Edwards FC {Proud owner of the 5 000 000th comment} Super Premier European Champions of the World (U2720)
posted 12 minutes ago
comment by moreinjuredthanowen (U9641)
posted 5 minutes ago
You guys need to realise what that means.
No bank is going to take on the full debt. We clearly felt barca were a bad debtor who were not going to pay so we've sold the risk and taken a discount on the fee. (who would take it on if not)
We will never see anything near the 140mil and this is one aspect of why we are broke. We spent the money then the player flopped at barca and so we ensured we would get some money back.
----------------------------------------------------------------------
Yeah but reports are we got up to 90%. Really can't confirm if that's true though.
----------------------------------------------------------------------
could you see anyone buying a bad debt for 90% of the face value?
Like if we did and got actual cash for it given the fee was grossly inflated then it'd be miraculous business.
Barca paid 50% or something up front maybe. they boasted about that so then i assume the next phases of the fee might have been sold off with a risk discount.
If we cleared 100mil out of it i reckon we did well. The issue is whether we spent all 140mil of it and have ended up making do as a result for 2 seasons.
IMO barca's actions on this and how they utterly destroyed a club over robbing braithwaite then not using him should make them persona non grata in the transfer market.
----------------------------------------------------------------------
Every heard of factoring companies? You sell the debt to them and they give you 90% straight up. We'll at least that's what happened in one of the companies I worked for that went bankrupt.
----------------------------------------------------------------------
they must be morons or well rich morons. if you can make a profit on 90% face value when debts are considered risky you must be doing well.
----------------------------------------------------------------------
They'd be covered by insurance I'm sure. They get a percentage of the invoice once cleared and in the event it doesn't clear, they go after the company, hence the bankruptcy
Easy money targeting companies with small margins who rely on quick cash flow in order to get in supplies for new orders.
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Coutinho
Page 1 of 1
posted on 18/8/20
Fake news. We sold the contract to a bank so we could cash in while he was still suffering at Barca.
posted on 18/8/20
The debt. We sold the debt.
posted on 18/8/20
Apparently we sold off the debt to a debt company? Would that be inc the addons or just whats definitely owed?
posted on 18/8/20
comment by *Michael Edwards FC {Proud owner of the 5 000 000th comment} Super Premier European Champions of the World (U2720)
posted 5 minutes ago
Fake news. We sold the contract to a bank so we could cash in while he was still suffering at Barca.
----------------------------------------------------------------------
Ah i wasn't aware of that. I was just going by a throwaway line in the article. Just made me laugh
posted on 18/8/20
Yeah whoever started it was definitely on the wum
It's reached world news though so fair play.
posted on 18/8/20
You guys need to realise what that means.
No bank is going to take on the full debt. We clearly felt barca were a bad debtor who were not going to pay so we've sold the risk and taken a discount on the fee. (who would take it on if not)
We will never see anything near the 140mil and this is one aspect of why we are broke. We spent the money then the player flopped at barca and so we ensured we would get some money back.
posted on 18/8/20
what i heard was that stuff about another £4.5M if he wins the CL was false.
the sale was for a total of £142M including all add-ons, and we've had pretty much all of it.
there was apparently a add-on of £4.4M for every 15 appearances for barcelona, up to a total of 90 appearances. he's made 75. so it was only part left of the total is for if he makes another 15 appearances for barca.
and that was from the liverpool echo, which i'd view as a damn sight more reliable for liverpool news than any red top tabloids.
https://www.liverpoolecho.co.uk/sport/football/football-news/liverpool-evening-headlines-philippe-coutinho-18779066
posted on 18/8/20
comment by moreinjuredthanowen (U9641)
posted 5 minutes ago
You guys need to realise what that means.
No bank is going to take on the full debt. We clearly felt barca were a bad debtor who were not going to pay so we've sold the risk and taken a discount on the fee. (who would take it on if not)
We will never see anything near the 140mil and this is one aspect of why we are broke. We spent the money then the player flopped at barca and so we ensured we would get some money back.
----------------------------------------------------------------------
Yeah but reports are we got up to 90%. Really can't confirm if that's true though.
posted on 18/8/20
comment by *Michael Edwards FC {Proud owner of the 5 000 000th comment} Super Premier European Champions of the World (U2720)
posted 12 minutes ago
comment by moreinjuredthanowen (U9641)
posted 5 minutes ago
You guys need to realise what that means.
No bank is going to take on the full debt. We clearly felt barca were a bad debtor who were not going to pay so we've sold the risk and taken a discount on the fee. (who would take it on if not)
We will never see anything near the 140mil and this is one aspect of why we are broke. We spent the money then the player flopped at barca and so we ensured we would get some money back.
----------------------------------------------------------------------
Yeah but reports are we got up to 90%. Really can't confirm if that's true though.
----------------------------------------------------------------------
could you see anyone buying a bad debt for 90% of the face value?
Like if we did and got actual cash for it given the fee was grossly inflated then it'd be miraculous business.
Barca paid 50% or something up front maybe. they boasted about that so then i assume the next phases of the fee might have been sold off with a risk discount.
If we cleared 100mil out of it i reckon we did well. The issue is whether we spent all 140mil of it and have ended up making do as a result for 2 seasons.
IMO barca's actions on this and how they utterly destroyed a club over robbing braithwaite then not using him should make them persona non grata in the transfer market.
posted on 18/8/20
It was a bank...I wonder if they thought they could leverage interest on that debt. That where the money should be
posted on 18/8/20
comment by moreinjuredthanowen (U9641)
posted 1 hour, 12 minutes ago
You guys need to realise what that means.
No bank is going to take on the full debt. We clearly felt barca were a bad debtor who were not going to pay so we've sold the risk and taken a discount on the fee. (who would take it on if not)
We will never see anything near the 140mil and this is one aspect of why we are broke. We spent the money then the player flopped at barca and so we ensured we would get some money back.
----------------------------------------------------------------------
i think you underestimate who own us
theyre no mugs. People thought the nike deal was worse than NBs too, were you one of them?
As much as i think they're tight facks, theyre no mugs.
posted on 18/8/20
I agree with inbefore these guys know their finances hence they so stinking rich. They probably where worried barca wouldn't cough up etc so did what they had to do.
posted on 18/8/20
reckon Koeman is the type of manager who would like Coutinho in his team
posted on 18/8/20
thats grand but if you can find anyone i could sell debt to for 90% of the value and then default on it please do let me know.
nobody really knows what the story is but it will eventually come out if people dig the financial reports long enough.
We are acting like we are stony broke OR we fans think we ought to be buying and are not and worrying about this.
The evidence suggests we have sold lovren then bought Tsimikas for similar cash, we've given new contracts out to some players but are in the dark abut wijnaldum.
We feel subjectively we are a forward and a reserve Cb short right now.
We don't know how klopp feels about that.
For all we know klopp's got 2 in mind here. Phillips and brewster
posted on 18/8/20
comment by moreinjuredthanowen (U9641)
posted 2 hours, 48 minutes ago
comment by *Michael Edwards FC {Proud owner of the 5 000 000th comment} Super Premier European Champions of the World (U2720)
posted 12 minutes ago
comment by moreinjuredthanowen (U9641)
posted 5 minutes ago
You guys need to realise what that means.
No bank is going to take on the full debt. We clearly felt barca were a bad debtor who were not going to pay so we've sold the risk and taken a discount on the fee. (who would take it on if not)
We will never see anything near the 140mil and this is one aspect of why we are broke. We spent the money then the player flopped at barca and so we ensured we would get some money back.
----------------------------------------------------------------------
Yeah but reports are we got up to 90%. Really can't confirm if that's true though.
----------------------------------------------------------------------
could you see anyone buying a bad debt for 90% of the face value?
Like if we did and got actual cash for it given the fee was grossly inflated then it'd be miraculous business.
Barca paid 50% or something up front maybe. they boasted about that so then i assume the next phases of the fee might have been sold off with a risk discount.
If we cleared 100mil out of it i reckon we did well. The issue is whether we spent all 140mil of it and have ended up making do as a result for 2 seasons.
IMO barca's actions on this and how they utterly destroyed a club over robbing braithwaite then not using him should make them persona non grata in the transfer market.
----------------------------------------------------------------------
Every heard of factoring companies? You sell the debt to them and they give you 90% straight up. We'll at least that's what happened in one of the companies I worked for that went bankrupt.
posted on 18/8/20
I know you lot are hard up right now but is 4.5m really going to make that much difference 😳
posted on 18/8/20
comment by gratedbean (U4885)
posted 8 minutes ago
I know you lot are hard up right now but is 4.5m really going to make that much difference 😳
----------------------------------------------------------------------
put it this way
furlough would not have saved that much
posted on 18/8/20
comment by (K̇ash) I'm the Mané - PL Champione (U1108)
posted 2 hours, 32 minutes ago
reckon Koeman is the type of manager who would like Coutinho in his team
----------------------------------------------------------------------
I think you might be right but its all politics there.
koeman has walked into a minefield.
there's guys above him with agendas on re-election and saving their own jobs. There's fans to consider, there's other senior players having their say too.
I simply don't know what will happen but surely it only takes one of the above to keep coutinho frozen out.
posted on 18/8/20
comment by moreinjuredthanowen (U9641)
posted 5 minutes ago
comment by gratedbean (U4885)
posted 8 minutes ago
I know you lot are hard up right now but is 4.5m really going to make that much difference 😳
----------------------------------------------------------------------
put it this way
furlough would not have saved that much
----------------------------------------------------------------------
😘
posted on 18/8/20
Pressed the wrong one there. Ah well what’s done is done 😂
posted on 18/8/20
comment by There'sOnlyOneRed's (U1721)
posted 3 hours, 9 minutes ago
comment by moreinjuredthanowen (U9641)
posted 2 hours, 48 minutes ago
comment by *Michael Edwards FC {Proud owner of the 5 000 000th comment} Super Premier European Champions of the World (U2720)
posted 12 minutes ago
comment by moreinjuredthanowen (U9641)
posted 5 minutes ago
You guys need to realise what that means.
No bank is going to take on the full debt. We clearly felt barca were a bad debtor who were not going to pay so we've sold the risk and taken a discount on the fee. (who would take it on if not)
We will never see anything near the 140mil and this is one aspect of why we are broke. We spent the money then the player flopped at barca and so we ensured we would get some money back.
----------------------------------------------------------------------
Yeah but reports are we got up to 90%. Really can't confirm if that's true though.
----------------------------------------------------------------------
could you see anyone buying a bad debt for 90% of the face value?
Like if we did and got actual cash for it given the fee was grossly inflated then it'd be miraculous business.
Barca paid 50% or something up front maybe. they boasted about that so then i assume the next phases of the fee might have been sold off with a risk discount.
If we cleared 100mil out of it i reckon we did well. The issue is whether we spent all 140mil of it and have ended up making do as a result for 2 seasons.
IMO barca's actions on this and how they utterly destroyed a club over robbing braithwaite then not using him should make them persona non grata in the transfer market.
----------------------------------------------------------------------
Every heard of factoring companies? You sell the debt to them and they give you 90% straight up. We'll at least that's what happened in one of the companies I worked for that went bankrupt.
----------------------------------------------------------------------
they must be morons or well rich morons. if you can make a profit on 90% face value when debts are considered risky you must be doing well.
posted on 18/8/20
comment by moreinjuredthanowen (U9641)
posted 2 hours, 14 minutes ago
comment by There'sOnlyOneRed's (U1721)
posted 3 hours, 9 minutes ago
comment by moreinjuredthanowen (U9641)
posted 2 hours, 48 minutes ago
comment by *Michael Edwards FC {Proud owner of the 5 000 000th comment} Super Premier European Champions of the World (U2720)
posted 12 minutes ago
comment by moreinjuredthanowen (U9641)
posted 5 minutes ago
You guys need to realise what that means.
No bank is going to take on the full debt. We clearly felt barca were a bad debtor who were not going to pay so we've sold the risk and taken a discount on the fee. (who would take it on if not)
We will never see anything near the 140mil and this is one aspect of why we are broke. We spent the money then the player flopped at barca and so we ensured we would get some money back.
----------------------------------------------------------------------
Yeah but reports are we got up to 90%. Really can't confirm if that's true though.
----------------------------------------------------------------------
could you see anyone buying a bad debt for 90% of the face value?
Like if we did and got actual cash for it given the fee was grossly inflated then it'd be miraculous business.
Barca paid 50% or something up front maybe. they boasted about that so then i assume the next phases of the fee might have been sold off with a risk discount.
If we cleared 100mil out of it i reckon we did well. The issue is whether we spent all 140mil of it and have ended up making do as a result for 2 seasons.
IMO barca's actions on this and how they utterly destroyed a club over robbing braithwaite then not using him should make them persona non grata in the transfer market.
----------------------------------------------------------------------
Every heard of factoring companies? You sell the debt to them and they give you 90% straight up. We'll at least that's what happened in one of the companies I worked for that went bankrupt.
----------------------------------------------------------------------
they must be morons or well rich morons. if you can make a profit on 90% face value when debts are considered risky you must be doing well.
----------------------------------------------------------------------
Happens in our company
All our newly generated sales invoices get "sold" to the bank and 90% of the value becomes instantly available for use
They don't call it factoring, they call it Invoice Discounting
And the remaining 10% also becomes available as and when certain criteria are met
posted on 18/8/20
comment by Keep It Greasy - Music is the BEST (U1396)
posted 1 hour, 7 minutes ago
comment by moreinjuredthanowen (U9641)
posted 2 hours, 14 minutes ago
comment by There'sOnlyOneRed's (U1721)
posted 3 hours, 9 minutes ago
comment by moreinjuredthanowen (U9641)
posted 2 hours, 48 minutes ago
comment by *Michael Edwards FC {Proud owner of the 5 000 000th comment} Super Premier European Champions of the World (U2720)
posted 12 minutes ago
comment by moreinjuredthanowen (U9641)
posted 5 minutes ago
You guys need to realise what that means.
No bank is going to take on the full debt. We clearly felt barca were a bad debtor who were not going to pay so we've sold the risk and taken a discount on the fee. (who would take it on if not)
We will never see anything near the 140mil and this is one aspect of why we are broke. We spent the money then the player flopped at barca and so we ensured we would get some money back.
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Yeah but reports are we got up to 90%. Really can't confirm if that's true though.
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could you see anyone buying a bad debt for 90% of the face value?
Like if we did and got actual cash for it given the fee was grossly inflated then it'd be miraculous business.
Barca paid 50% or something up front maybe. they boasted about that so then i assume the next phases of the fee might have been sold off with a risk discount.
If we cleared 100mil out of it i reckon we did well. The issue is whether we spent all 140mil of it and have ended up making do as a result for 2 seasons.
IMO barca's actions on this and how they utterly destroyed a club over robbing braithwaite then not using him should make them persona non grata in the transfer market.
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Every heard of factoring companies? You sell the debt to them and they give you 90% straight up. We'll at least that's what happened in one of the companies I worked for that went bankrupt.
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they must be morons or well rich morons. if you can make a profit on 90% face value when debts are considered risky you must be doing well.
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Happens in our company
All our newly generated sales invoices get "sold" to the bank and 90% of the value becomes instantly available for use
They don't call it factoring, they call it Invoice Discounting
And the remaining 10% also becomes available as and when certain criteria are met
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yeah but that invoice is not a bad debt.
maybe we didn't consider barca a bad debtor and maybe someone did take a 10% slice of 70 odd million fee remaining or whoever so we could get ready cash.
who knows.
posted on 19/8/20
comment by moreinjuredthanowen (U9641)
posted 17 hours, 47 minutes ago
comment by There'sOnlyOneRed's (U1721)
posted 3 hours, 9 minutes ago
comment by moreinjuredthanowen (U9641)
posted 2 hours, 48 minutes ago
comment by *Michael Edwards FC {Proud owner of the 5 000 000th comment} Super Premier European Champions of the World (U2720)
posted 12 minutes ago
comment by moreinjuredthanowen (U9641)
posted 5 minutes ago
You guys need to realise what that means.
No bank is going to take on the full debt. We clearly felt barca were a bad debtor who were not going to pay so we've sold the risk and taken a discount on the fee. (who would take it on if not)
We will never see anything near the 140mil and this is one aspect of why we are broke. We spent the money then the player flopped at barca and so we ensured we would get some money back.
----------------------------------------------------------------------
Yeah but reports are we got up to 90%. Really can't confirm if that's true though.
----------------------------------------------------------------------
could you see anyone buying a bad debt for 90% of the face value?
Like if we did and got actual cash for it given the fee was grossly inflated then it'd be miraculous business.
Barca paid 50% or something up front maybe. they boasted about that so then i assume the next phases of the fee might have been sold off with a risk discount.
If we cleared 100mil out of it i reckon we did well. The issue is whether we spent all 140mil of it and have ended up making do as a result for 2 seasons.
IMO barca's actions on this and how they utterly destroyed a club over robbing braithwaite then not using him should make them persona non grata in the transfer market.
----------------------------------------------------------------------
Every heard of factoring companies? You sell the debt to them and they give you 90% straight up. We'll at least that's what happened in one of the companies I worked for that went bankrupt.
----------------------------------------------------------------------
they must be morons or well rich morons. if you can make a profit on 90% face value when debts are considered risky you must be doing well.
----------------------------------------------------------------------
They'd be covered by insurance I'm sure. They get a percentage of the invoice once cleared and in the event it doesn't clear, they go after the company, hence the bankruptcy
Easy money targeting companies with small margins who rely on quick cash flow in order to get in supplies for new orders.
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