Not sure on that
Spurs got it for less than 3%
Guarantees over naming rights etc would drive the cost down
- Status
Spurs got it for less than 3%
Guarantees over naming rights etc would drive the cost down
Charlie Sweet
Player Valuation: £35m
Spurs borrowed their cash at 3%? Sauce?
Sorry you are correct i was totally Wrong on the 3% interest rate , I apologise
Tottenham refinance £637m stadium debt but purse strings will not loosen
Daniel Levy has insisted he will continue to run Tottenham in the same way as in the past after announcing a refinancing of the club’s stadium loans
It was 2.66%
PeregrineT
Player Valuation: £35m
Thats laughable, no way anyone would require more than 3.5-4%. You're not seriously comparing residential debt with that of a 100+ year old successful commercial organization with 100 years of gate receipts, that has one of the worlds richest men willing to guarantee against default as well as draw against his naming rights deal?
The reason Everton went to the city about funding was not so they could use it, but so that they could leverage it and the rates in negotiations with other investors, including a number of lenders and organizations who would very much like to both make a return, and get on Uncle Al's good side. Funding for an operation where the super billionaire best friend just dropped 30 million just for the first refusal of naming rights is the easy part.
Do not tell @davek this
kithnou
Player Valuation: £70m
You can't be proving that in any way mate. Why even go there?
Last edited:
bluenotred
Player Valuation: £950k
Spurs borrowed their cash at 3%? Sauce?
[/QUOTE
Source, jeez.
[/QUOTE
Source, jeez.
Old joke on here
Sauce = source
Charlie Sweet
Player Valuation: £35m
My understanding is overall total cost of debt on spurs is 4.5/5%. We will need a margin to discount Merseyside relative to London. Also spurs sold 10yr+ corporate hospitality packages that we will struggle to come close to.
Woolly Blue
Player Valuation: £80m
Don't tag him in ffs
Woolly Blue
Player Valuation: £80m
If you're talking about the debt for the stadium, then your understanding is wrong mate
carlos21
KING OF REP
good evening mate hope you are well today.
Well you can go on your understanding or go on this
Bank of America Merrill Lynch, which acted as lead placement agent and sole bookrunner on the bond issue, has provided a £112m term loan and HSBC has granted a revolving credit facility. The idea is to limit Spurs’ debt-servicing costs and the average annual interest rate on the new arrangement is 2.66%
Spurs have not yet got a naming rights sponsor for their stadium
We have a billionaire queuing up and paying for the privilege of standing in the queue
- Status
