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Loan Deal
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Highfield_hunk Offline
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Posts: 198
Joined: Feb 2018
Post: #16
RE: Loan Deal
(08-02-2018 21:02)Windridge Wrote:  Oh my days...

Right, IF this is true then:

* Who is loaning the money to Owen?
* Where is the money coming from?
* What is this massive loan against - what collateral etc?

Don't worry to much it will backfire
08-02-2018 21:07
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GynnSquarePhoenix Offline
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Post: #17
RE: Loan Deal
Collateral must be some real property that is not ring fenced by the court. I cannot imagine how the loan payments will be made, so I'd expect in time he will lose the collateral property. It sounds like a desperate attempt to keep the court bailiffs from his door and still retain control of the club.
08-02-2018 21:07
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Highfield_hunk Offline
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Posts: 198
Joined: Feb 2018
Post: #18
RE: Loan Deal
(08-02-2018 21:07)GynnSquarePhoenix Wrote:  Collateral must be some real property that is not ring fenced by the court. I cannot imagine how the loan payments will be made, so I'd expect in time he will lose the collateral property. It sounds like a desperate attempt to keep the court bailiffs from his door and still retain control of the club.
To what end tho to what end... Think about for a minute and ask yourself the question . To what end ??
08-02-2018 21:08
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Windridge Offline
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Post: #19
RE: Loan Deal
(08-02-2018 21:07)GynnSquarePhoenix Wrote:  Collateral must be some real property that is not ring fenced by the court. I cannot imagine how the loan payments will be made, so I'd expect in time he will lose the collateral property. It sounds like a desperate attempt to keep the court bailiffs from his door and still retain control of the club.

I think that I can smell a carousel fraud here:

*Owen takes money (£25m) from BFC to offshore fund over time
*Offshore fund then transfers money to an Oyston-owned company or a company owned/operated by a family member/close friend
* Funds then appear as new.

Put it through the rinser and nobody will be any the wiser?
08-02-2018 21:14
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Highfield_hunk Offline
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Posts: 198
Joined: Feb 2018
Post: #20
RE: Loan Deal
(08-02-2018 21:14)Windridge Wrote:  I think that I can smell a carousel fraud here:

*Owen takes money (£25m) from BFC to offshore fund over time
*Offshore fund then transfers money to an Oyston-owned company or a company owned/operated by a family member/close friend
* Funds then appear as new.

Put it through the rinser and nobody will be any the wiser?

It's never so simple believe me it should know
08-02-2018 21:20
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GynnSquarePhoenix Offline
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Posts: 17,739
Joined: Mar 2012
Post: #21
RE: Loan Deal
If this is true..the carousel thing, then it perfectly explains "the funds will be there when we need them".Biggrin

My guess is it's just a rumour and will turn out to be false.
08-02-2018 21:20
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Highfield_hunk Offline
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Posts: 198
Joined: Feb 2018
Post: #22
RE: Loan Deal
(08-02-2018 21:20)GynnSquarePhoenix Wrote:  If this is true..the carousel thing, then it perfectly explains "the funds will be there when we need them".Biggrin

My guess is it's just a rumour and will turn out to be false.
I can see it going either way... Think about it for a good ten minutes
08-02-2018 21:25
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McPoolmob Offline
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Post: #23
RE: Loan Deal
Assuming its true, roughly what would be the interest only payment per year?
08-02-2018 21:26
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Highfield_hunk Offline
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Posts: 198
Joined: Feb 2018
Post: #24
RE: Loan Deal
(08-02-2018 21:26)McPoolmob Wrote:  Assuming its true, roughly what would be the interest only payment per year?
Could get the yearly payment down to around 775k it's looking like
08-02-2018 21:29
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McPoolmob Offline
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Joined: Jan 2014
Post: #25
RE: Loan Deal
Plus the 500k the club is loosing.
08-02-2018 21:30
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Hero-of-the-night Offline
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Posts: 2,079
Joined: Jun 2017
Post: #26
RE: Loan Deal
(08-02-2018 21:29)Highfield_hunk Wrote:  Could get the yearly payment down to around 775k it's looking like

You mean interest?
08-02-2018 21:30
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Windridge Offline
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Post: #27
RE: Loan Deal
(08-02-2018 21:20)GynnSquarePhoenix Wrote:  If this is true..the carousel thing, then it perfectly explains "the funds will be there when we need them".Biggrin

My guess is it's just a rumour and will turn out to be false.

LeeJ, on the other forum, doesn't seem to share your optimism.

It's pretty much death-knell talk there Eeek
08-02-2018 21:31
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McPoolmob Offline
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Post: #28
RE: Loan Deal
I suppose a lender knows its short term as he can't have that long to live.
08-02-2018 21:34
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Windridge Offline
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Post: #29
RE: Loan Deal
That would mean Blackpool FC would become a selling club, and we'd need to unearth a Gareth Bale type youngster at least every season.

I cannot see that happening - plus we all know where the money would end up!

Also, were Blackpool to unearth a 17 year old (for example) star striker who would be guaranteed to score 3/4 goals a game, I cannot see that Gary Bowyer would be too happy to lose him to the likes of Arsenal/Manchester City/Chelsea etc. if he did not have some of the transfer fee put back into his budget.
08-02-2018 21:35
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Windridge Offline
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Post: #30
RE: Loan Deal
(08-02-2018 21:29)Highfield_hunk Wrote:  Could get the yearly payment down to around 775k it's looking like

How would we service that, I wonder?

Que the whole squad up for sale...

Owen, this is NOT Football Manager you fossilised dimwit!
08-02-2018 21:36
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