Usmanov

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mahermi1 said:
Not an expert by any means, but maybe our past credit history, pre Moshiri. Didn't we borrow on the strength of the the sky money, sometimes two years in advance or was it the season ticket sales, even both. We also had to use shady off shore loan sharks, because we couldn't get the better loan facilities by Barclays etc. We were seen as a bad risk in them cash strapped Everton days.
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If Billy “ you know who” wasn’t still with the club, would that help our credit rating?
 
H.H. said:
So obviously you don't but you then went on a mini meltdown.

P.S.
I said "Not with Everton's credit rating"
not
"Everton's poor credit rating."
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And neither do you fella, as football clubs don't get credit ratings.

You could talk about creditworthiness, which would be a relative thing, and would be based on someone's proprietary models and algorithms (and therefore more subjective than a credit rating), but at the end of a day all it would aim to do is assess a club's likelihood to become insolvent - relatively speaking.
 
MarcelsGoat said:
Yes, but im not really claiming Spurs cant get credit, we know they can, the Spurs fella claimed Everton have a poor credit rating.

Based on what im not sure.
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Mega multi billionaire Uncle Uzi lurking ominously in the background behind multi billionaire Mosh are our only hope.

Ain't nobody gonna lend us a bean mate
 

Blue_Berry said:
And neither do you fella, as football clubs don't get credit ratings.

You could talk about creditworthiness, which would be a relative thing, and would be based on someone's proprietary models and algorithms (and therefore more subjective than a credit rating), but at the end of a day all it would aim to do is assess a club's likelihood to become insolvent - relatively speaking.
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You really don't think that clubs (Spurs is a company and I assume Everton also are) don't get a credit rating/credit worthiness?
Of course they do.
A club who have a good credit rating (through showing constant profits,) will be able to get a loan at a better rate of interest compared to a club that constantly shows losses.
 
H.H. said:
So obviously you don't but you then went on a mini meltdown.

P.S.
I said "Not with Everton's credit rating"
not
"Everton's poor credit rating."
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In fairness, it would be highly unlikely Everton's credit rating would be comparable to Spurs's at this moment. In terms of commercial loans a guarantor might help reduce the rate but I would be doubtful the government scheme would entertain that (particularly when we know who the guarantor might be).
 
H.H. said:
You really don't think that clubs (Spurs is a company and I assume Everton also are) don't get a credit rating/credit worthiness?
Of course they do.
A club who have a good credit rating (through showing constant profits,) will be able to get a loan at a better rate of interest compared to a club that constantly shows losses.
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I know for a fact that football clubs don't get credit ratings unless they issue bonds (ie. Credit) for public investment, such as Man U did when the Glazers needed to fund their purchase of the club.

Banks who lend money to football clubs don't do it on the basis of a credit rating - they do their own diligence and make a decision on their own internal model. It's not public and its certainly not a credit rating.

Creditworthiness is a relative and more subjective thing.
 
Blue_Berry said:
I know for a fact that football clubs don't get credit ratings unless they issue bonds (ie. Credit) for public investment, such as Man U did when the Glazers needed to fund their purchase of the club.

Banks who lend money to football clubs don't do it on the basis of a credit rating - they do their own diligence and make a decision on their own internal model. It's not public and its certainly not a credit rating.

Creditworthiness is a relative and more subjective thing.
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Ok then, let's do it your way using Creditworthiness and with subjective thinking.

If a company who regularly show profits go to the bank to ask for a loan, would they get it at a better rate than a company who constantly show losses?
 

H.H. said:
Ok then, let's do it your way using Creditworthiness and with subjective thinking.

If a company who regularly show profits go to the bank to ask for a loan, would they get it at a better rate than a company who constantly show losses?
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Listen mate, I only chimed in cos you were telling everyone they didn't understand credit ratings, and to show it was you who actually didn't.

But as you ask, a bank that makes a credit decision on profits alone will lose money very quickly.
 
Blue_Berry said:
Listen mate, I only chimed in cos you were telling everyone they didn't understand credit ratings, and to show it was you who actually didn't.

But as you ask, a bank that makes a credit decision on profits alone will lose money very quickly.
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You still didn't answer the question.
Which company would get a loan at a lower interest rate.
The company that shows profits or the company that shows losses?
 
Got me thinking - if Usmanov's dodgy deals get rumbled by the authorities eventually - whats to stop us just sticking two fingers up to FFP? Assuming they just gave us rhe odd transfer/european ban for 1-2 years - would people be arsed if the initial 1-2 year splurge got us a team good enough to legitimately challenge for the title / we won a trophy?

I honestly couldn't care less what they would do to us- do what City are doing and wrangle them in the courts for years on end.

Whats the PL's version of FFP / consequences for breaking them?
 

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