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NUFC Loan

Discussion in 'Newcastle United' started by G4rdToonArmy, Sep 17, 2019.

  1. G4rdToonArmy

    G4rdToonArmy Well-Known Member

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    Not another loan thread about how little the lads on loan are doing...

    Apparently yesterday the club filed documentation on a new loan secured from Barclays - amount not stated. This is being secured against the years TV money and next season guaranteed money, even in the event of relegation.

    Considering Mikey's point of pride is saying we are self sufficient and not in debt to anyone its a bit of a strange one. Why do we need a loan if we are self sufficient, what is it going towards?

    Anyone any thoughts?

    https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/9Vy9b9dznQniqcNWZHTWyWNmRChURfD0R01LagluGyk/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Content-Sha256=UNSIGNED-PAYLOAD&X-Amz-Credential=ASIAWRGBDBV3JZBGOZ6Q/20190917/eu-west-2/s3/aws4_request&X-Amz-Date=20190917T122926Z&X-Amz-Expires=60&X-Amz-Security-Token=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&X-Amz-SignedHeaders=host&X-Amz-Signature=5f0cb55d91ee2d6ec341da4c7117202a1131416a92026edb589e00a417af287d

    https://www.themag.co.uk/2019/09/co...-21-premier-league-tv-money-newcastle-united/
     
    #1
    G4rdToonArmy, Sep 17, 2019
  2. Albert's Chip Shop

    Albert's Chip Shop Top Grafter
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    I thought Shola was sorting out our loans?

    @YAJERK as the resident banker any input?
     
    #2
    Albert's Chip Shop, Sep 17, 2019
    G4rdToonArmy likes this.
  3. Gordonthetoony

    Gordonthetoony Well-Known Member

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    We are being used as his cash cow. Where or what was the loan for?
     
    #3
    Gordonthetoony, Sep 17, 2019
  4. G4rdToonArmy

    G4rdToonArmy Well-Known Member

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    As per the mags article I'd hazard a guess that is some convoluted way for Mike to get more cash out of the club but as with anything Ashley does I don't think anyone will know the true reason until it's to late.
     
    #4
    G4rdToonArmy, Sep 17, 2019
  5. Delusional Full Stop

    Delusional Full Stop Here to serve all your counselling needs.
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    Despite your diet you’ve clearly still got fat finger syndrome when typing..”banker” <laugh>
     
    #5
    Delusional Full Stop, Sep 17, 2019
    Albert's Chip Shop likes this.
  6. Albert's Chip Shop

    Albert's Chip Shop Top Grafter
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    Quite strangely... losing 4 stone has helped my spelling. True story.
     
    #6
    Albert's Chip Shop, Sep 17, 2019
  7. Warmir Pouchov

    Warmir Pouchov Better than JPF

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    Mike has released his tight grip on the reins. His was always a long term vision.
     
    #7
    Warmir Pouchov, Sep 18, 2019
  8. Delusional Full Stop

    Delusional Full Stop Here to serve all your counselling needs.
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    Or he’s converting his loan into Bank loans to release “his” money.
     
    #8
    Delusional Full Stop, Sep 18, 2019
    YAJERK and Seabass like this.
  9. Roland Deschain

    Roland Deschain Well-Known Member

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    Pouchy 2.0 - the Ashley Fan.

    Kieran Maguire thinks it's just the norm now, but it never has been under Mike until now, There are signs that we're "normalising" as a football club.
     
    #9
    Roland Deschain, Sep 19, 2019
  10. JakartaToon

    JakartaToon Well-Known Member
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    Apparently it just what most of the PL clubs do and is essentially a loan facility to allow them to spread the TV income evenly over the season as this is not paid up front but in installments.
    If he wanted to repay his loan he would just take that direct from TV money when it came in. Cant imagine he needs it back that urgently. Certainly suggests he doesnt want to do anymore short term cash loans though.
     
    #10
    JakartaToon, Sep 20, 2019
    YAJERK likes this.

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