That's a brilliant move for them, Linfield play at Windsor Park, which is NI's home ground and they get 2,500 a game on average, which is about bottom end League Two level. They're also managed by David Healy, so they'll get great experience working with somebody like him who played at a high level for a number of years.
Sheff Massive have completed the signing of Dennis Adeniran from Everton on a free, City were supposed to be interested in him. Everton paid £4m to Fulham to sign him but it didn't work out for them.
He was one of the alternatives to Slater, who we can’t sign even if Sheffield Utd let him go because we can’t spend transfer fees.
How can any club be self-sustaining when there's been no revenue for 18 months? We'll have lost out on £5m at least and we've come out of it with a far superior squad, a number of big assets and our first title since 66. I don't get how a rumoured £500k interest-free loan can be considered troubling at all. Nor do I understand where people think we get the money from to pay it back until crowds are back. Man Utd took out a £140m loan last May to purchase players and that was considered 'ambitious'
The loan makes business sense. Thats why we took it. 'self sustaining' is boardroom speak for 'no more investment'. Thats where we are.
The Bowen fee alone covered our costs last season, the reason we’ve not repaid it is not because we can’t afford to, it’s because if you accept the embargo, you don’t have to repay it all. Clubs subsequently in receipt of a ‘monitored grant’ will be subject to certain restrictions, in respect to transfer spend and player wages. Clubs who keep to the restrictions will not have to repay any of the funding required, whereas for Clubs in breach, the ‘monitored grant’ becomes repayable by the Club. The owners just got gifted we’ll over £500k (the total fund for League one/Two was £65m), while also getting an excuse for not spending a penny on fees, they’re laughing.
Baaed on what OLM has said.... I just wonder what the manager has made of all this, or, as in the past will he just keep his mouth shut and be dutiful...
He's not being paid to get involved in the Clubs financial affairs...He's being paid to manage onfield activities.
He's extremely happy ATM and genuinely excited for the new season, very happy with the players he's got in and pleased we've not let anyone move on who he didn't want to leave. He would have absolutely loved to have got slater in and the only reason we haven't is due to it being blocked by Sheffield utds new manager and not the allams not wanting to spend money or not being able to ( the grant would have been paid back prior to completion ). The money to sign Slater is still available and if the deal can be done then it will be, along with the grant paid back to the EFL. Until such time we want / need to pay a transfer fee that requires the grant paying back, why on earth would we or any business for that matter pay back a grant if they didn't have to.
I can only add to OLMs post that this is a three year agreement and the transfer embargo and squad size limit only covers the initial stages. The loan is designed to keep club’s operating for the foreseeable future and we as a club would be foolish not to have taken the money. The initial financial assistance was planned as a grant not a loan, so it is hardly surprising that there would be a time linked write off.
That's how I interpreted things. We can still do whatever we want, it just means we have to pay the EFL grant back to unlock the ability to do so. If we don't need to/don't end up signing anyone for a fee then we don't have to pay it back. Is it just this window or January too?