Usmanov

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That link looks dodgy to say the least. But I take it you have already read it...

What's the general gist?

Company house registration of charge, open ended, we usually have a bridging loan around this time of year for a set sum, this is open ended pending PL payment. Likely open ended given cash flow is limited in the business due to Covid.
 

Company house registration of charge, open ended, we usually have a bridging loan around this time of year for a set sum, this is open ended pending PL payment. Likely open ended given cash flow is limited in the business due to Covid.

I still don't understand it, but thanks for explaining anyway.
 

We take out loans most years I think. Advances in tv money. But given that TV money has been reduced and gate receipts have disappeared it's no surprise we might take a loan

Thought those days were over :(
 

86% of our turnover goes on wages

With the reduced tv money and lack of gate receipts for this season it will be quite a bit over 100%

Yet, some people think we will go out and spend a fortune.

They want us to do a Leeds.

I think that we should sell Digne and Richarlison this summer to get on a better financial footing. It's not great but we CANNOT exceed 100% wages to turnover. That is catastrophic.

Might be worth delaying the stadium by four years just to weather this one. Must take our medicine.
 
I think that we should sell Digne and Richarlison this summer to get on a better financial footing. It's not great but we CANNOT exceed 100% wages to turnover. That is catastrophic.

Might be worth delaying the stadium by four years just to weather this one. Must take our medicine.

Worst possible time to sell RIcharlison. Market is deflated by COVID - teams have much less money to spend overall. One more season and he'll go for 9 figures.
Digne is interesting as next summer he'll be 28. Arguably this is the best summer to cash in on him as he starts his peak. Not sure what he'd fetch though to be honest. £40m? If so - is it really worth selling him?
 
I think that we should sell Digne and Richarlison this summer to get on a better financial footing. It's not great but we CANNOT exceed 100% wages to turnover. That is catastrophic.

Might be worth delaying the stadium by four years just to weather this one. Must take our medicine.

Moshiri and Usmanov will somehow have to pay about 25 million into the club per season while we have a reduced capacity to make up the shortfall and to pay additional wages for new players.

Plus, they will have to pay for the stadium themselves or the majority of it as I can't see any banks financing a deal to a club that spends over 100% of its turnover on wages.
 

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