Club announcement - finance | Page 2 | Vital Football

Club announcement - finance

spurs1954

Vital Reserves Team
#21
Yes, because when you buy the club you take on all liabilities - of course, if we went into administration and were bought by a third party, you could technically walk away from all debt, but the PL would relegate you...
Is it secured debt Ex? If so can’t walk away from that without some consequences. Different if unsecured loan notes however.
 
#26
They'll be first in line outside of the operating line if the shit hits the fan. I would bet on it. Long-term subordinated debt ain't happening at those rates.
AIA took alot of the debt into their funds and they funded teh academy (spurs way) on almost the same unencumbered terms before, that was also long-term debt.