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£8M interest free loan........

Discussion in 'Cardiff City' started by Oldsparkey, Dec 3, 2020.

  1. Oldsparkey

    Oldsparkey Well-Known Member
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    #1
    Oldsparkey, Dec 3, 2020
  2. ninian opinion

    ninian opinion Well-Known Member

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    Big Xmas knees up<party>
     
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    ninian opinion, Dec 3, 2020
  3. BluefromBridgend

    BluefromBridgend Well-Known Member

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    The key words are "could now access". Depends on the extent of VT's support in recent months and how this will continue.

    Sorry to be a kill joy but at the end of the day it is a loan, although interest free, and will have to be repaid at some stage.

    Not entirely relevant but I guess FFP has gone out of the window for the time being.
     
    #3
    BluefromBridgend, Dec 3, 2020
  4. Oldsparkey

    Oldsparkey Well-Known Member
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    We could take it now and then repay it out of our Prem broadcasting income.......:emoticon-0138-think:emoticon-0138-think
     
    #4
    Oldsparkey, Dec 3, 2020
    BluefromBridgend likes this.
  5. realred1952

    realred1952 Well-Known Member

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    do you still get a parachute payment?
     
    #5
    realred1952, Dec 3, 2020
  6. Oldsparkey

    Oldsparkey Well-Known Member
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    Aye - about 20 mill this year and that's it.

    Clubs relegated forfeit the 3rd year para payment if they come back down in the first season they're up there.
     
    #6
    Oldsparkey, Dec 4, 2020
  7. realred1952

    realred1952 Well-Known Member

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    still better than a kick in the testicles at such a hard time for most... the £8m is for paye only and not from the prem … of the £200m they only pay the interest [ 3 yearsmost would be £25 ]
     
    #7
    realred1952, Dec 6, 2020

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