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The Daily ITK Discussion Thread - The Pinball Wizard on DEADLINE DAY!

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Good Doctor M

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Aug 31, 2010
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Of course they are. That's exactly what they did last season when Kane went out and it's surely what our management think of them, in the eventuality that Kane can't play. You're splitting hairs if you only want to call players backup who only have that very narrow role in the squad.

But to the point and back on topic, of the list of strikers Herc provided, none of them really make me excited. Here's hoping Son and Lucas can find their scoring boots again.

Yep that's cool and all but Moura or Son are not actually back up for Kane is all I'm saying.
 

TonyK

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Aug 13, 2004
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Betting suspended on Bale coming home after his omission from the Madrid squad for the game against athletico.
 
May 17, 2018
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Reality is we've spent £60m+ this window, assuming a small net loan fee for Gedson. That's well over £100m net (possibly 150m) this season, and none that counts for anything with the usual miserable "something to whine about" crowd.
 

BathYid

Active Member
Jan 20, 2015
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When THFC refinanced their debt they explicitly stated that they had a covenant light debt structure.

The stadium is transformational for our finances, but it's incremental, so we don't have a massive stash of cash right now, but every month our financial position gets stronger.

It's the same as if you got a new job with 3 times the salary as your old one. It makes you richer, but doesn't mean you can go out and buy an expensive new motor for cash after your first month in the job.
 

razzmaster

Well-Known Member
Jun 21, 2008
2,328
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Can we start life-banning people who can't be arsed typing a players name and we end up with posts that read like

"DL wanted FD but JM said he wanted GvD. RL being lined up for summer if CD can't be got".

Dr. M doesn't like names being shortened? Who knew
 

loaderspurs

Well-Known Member
May 21, 2012
576
1,498
The points Herc is making re: option to buy instead of obligations makes sense from a finance perspective. Often in project finance deals, companies are required to maintain financial covenants throughout the term of a loan, including maintaining minimum debt service coverage ratios, debt to equity ratios, liquidity ratios etc.

From how Herc has described, it sounds like loaning a player with an obligation to buy (and thus adding the debt to the balance sheet) would breach these financial covenants (and thus be an event of default under the loan agreement) hence why it is nearly impossible to do, whereas an option to buy would not need to be recorded as a debt - i.e. no breach of covenant.
 
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