Trevor Birch

[SecretLemonadeDrinker]

Fixed rates only usually apply for a certain term of the loan very rarely is it long term on a long term loan. Its why you see a lot of refinancing after the initial *deal*.

Eh? That's simply not correct, mate.

I recently signed off on a couple of long term, fixed rate, interest only loans for my business.

 

[Donki]

Eh? That's simply not correct, mate.

I recently signed off on a couple of long term, fixed rate, interest only loans for my business.

Were they secured or unsecured, and what was the length of the loan? The loans we have taken will be against the stadium and more like mortgages than loans. As far as I am aware you cant restructure a fixed rate loan, you can only restructure after the fixed rate period has ended.

 

[Led's Zeppelin]

Were they secured or unsecured, and what was the length of the loan? The loans we have taken will be against the stadium and more like mortgages than loans. As far as I am aware you cant restructure a fixed rate loan, you can only restructure after the fixed rate period has ended.

You can restructure a fixed-rate loan. You need to make adjustments for the changes in rates since the loan was first agreed, but you can do it.


If it’s a retail loan you probably can’t because the admin costs would make it impractical, but if we’re talking about large corporate loans, not only can you do it but it’s done all the time.

 

[Donki]

You can restructure a fixed-rate loan. You need to make adjustments for the changes in rates since the loan was first agreed, but you can do it.


If it’s a retail loan you probably can’t because the admin costs would make it impractical, but if we’re talking about large corporate loans, not only can you do it but it’s done all the time.

But will the APR not rise according on the time of the restructuring, so say we have gotten extremely low but given the current economic climate if the interest rate rose would the rates we have to pay back the loans not reflect that?

 

[Trotter]

But will the APR not rise according on the time of the restructuring, so say we have gotten extremely low but given the current economic climate if the interest rate rose would the rates we have to pay back the loans not reflect that?

Of course it would. You wouldn't restructure loans to a higher interest rate.

You would restructure only if the rate has gone south (and the benefit of doing so in rate change outweighs any early termination penalties of previous loan, and arrangement charges of new loan), but interest rates are currently the lowest they have ever been in history, EURIBOR is negative.

Only potential reason for restructuring when it involves a higher repayment ongoing is if you are in a cashflow crisis, and want to adjust payment terms giving yourself a deferral.

 

[sly1]

I don't think they mean just this summer - I think it's more "since last summer" as Bergwijn + Gedson + Højbjerg + Doherty must be about that amount.

I think it is just this summer, but they are including the fee for making the Lo Celso deal permanent.

 

[Trotter]

And if interest rates rise, which in a depression they most certainly will?

Complete opposite actually.
In a recession interest rates generally reduce, to help stimulate the economy, as we are seeing currently (lowest they have ever been in history)

 

[Led's Zeppelin]

Of course it would. You wouldn't restructure loans to a higher interest rate.

You would restructure only if the rate has gone south (and the benefit of doing so in rate change outweighs any early termination penalties of previous loan, and arrangement charges of new loan), but interest rates are currently the lowest they have ever been in history, EURIBOR is negative.

Only potential reason for restructuring when it involves a higher repayment ongoing is if you are in a cashflow crisis, and want to adjust payment terms giving yourself a deferral.

I have known companies who have restructured for reasons that have nothing to do with the interest rate, such as a renegotiation of covenants and that sort of thing.

 

[Trotter]

I have known companies who have restructured for reasons that have nothing to do with the interest rate, such as a renegotiation of covenants and that sort of thing.

To be fair I have known a couple that have restructured to higher rates, purely because they no longer wish to do business with the bank they currently have the loan with (be it for political, environmental or other issues), but generally it is for cash purposes.

 

[Donki]

Thanks for the info men.

 

[alexis]

I quite like the Red Bull style of ownership. Would be an interesting fit for us I think just need to find the brand

OK so let me clarify a string of clubs which allows us to blood youngsters and give game time, target young quality players and develop them give young managers the opportunity to develop. As far as I can see they've done well. CL semis shaking up the German league. I'm not looking at the negs just look g at what's worked well

 

[Sweech]

where did they get that we’ve spend £55m this summer? ??‍

Doherty + Hojbjerg + Lo Celso (was a loan deal made permanent so that money is likely on the account for this year.)

 

[supermintyone]

Has anyone noticed that the speculation regarding players and signings has escalated since we acquried the guy from Swansea who's sole responsibility seems to have been corporate restructuring / remodelling. Just an opinion, but do you think that there is more going on in the background, i.e. that we are being sold to Amazon or someone of that ilk and they have said pay what you have to to get what you want to promote the brand, to fill the stadium, to sell the club across the world. The signing of Bale raises the profile, as does NFL as does all of the other none football relative activities that generate revenue for the club.
Just thinking out loud but it smells of an Amazon deal ....
I like it, but I am just a fan, but if it were true .........

 

[james82mckay]

So does the signing of Morgan.

Has anyone noticed that the speculation regarding players and signings has escalated since we acquried the guy from Swansea who's sole responsibility seems to have been corporate restructuring / remodelling. Just an opinion, but do you think that there is more going on in the background, i.e. that we are being sold to Amazon or someone of that ilk and they have sami id pay what you have to to get what you want to promote the brand, to fill the stadium, to sell the club across the world. The signing of Bale raises the profile, as does NFL as does all of the other none football relative activities that generate revenue for the club.
Just thinking out loud but it smells of an Amazon deal ....
I like it, but I am just a fan, but if it were true .........

 

[sausage]

Has anyone noticed that the speculation regarding players and signings has escalated since we acquried the guy from Swansea who's sole responsibility seems to have been corporate restructuring / remodelling. Just an opinion, but do you think that there is more going on in the background, i.e. that we are being sold to Amazon or someone of that ilk and they have said pay what you have to to get what you want to promote the brand, to fill the stadium, to sell the club across the world. The signing of Bale raises the profile, as does NFL as does all of the other none football relative activities that generate revenue for the club.
Just thinking out loud but it smells of an Amazon deal ....
I like it, but I am just a fan, but if it were true .........

"Hey Daniel, I've been looking at the accounts - I have a question"

"Yes, Trevor - is everything okay?"

"Yes. Well, sort of - I've noticed there's a dormant account with £100m in it that seems to be unaccounted for. There are some notes about it being the 'Gareth Bale Transfer Funds'. I looks like it has accrued some healthy interest from when it was opened in mid 2013"

"Trevor..."

"Yes boss?"

"Warm up the fax machine!"

 

[rossdapep]

Has anyone noticed that the speculation regarding players and signings has escalated since we acquried the guy from Swansea who's sole responsibility seems to have been corporate restructuring / remodelling. Just an opinion, but do you think that there is more going on in the background, i.e. that we are being sold to Amazon or someone of that ilk and they have said pay what you have to to get what you want to promote the brand, to fill the stadium, to sell the club across the world. The signing of Bale raises the profile, as does NFL as does all of the other none football relative activities that generate revenue for the club.
Just thinking out loud but it smells of an Amazon deal ....
I like it, but I am just a fan, but if it were true .........

Yeah, I don't think its a coincidence. Not sure if we are fattening the cow, so to speak.

However, I was thinking the other day. would ENIC really like to stay in a football world and compete with the Man Citys, United's & Chelsea's and potentially clubs like Newcastle?

They can't (won't) match them for spending power and the way that football is heading (and the way they operate) there's every chance we get left behind and are seen as too much hard work to help keep as competitive as we need to be to benefit from money such as CL.

Of course the stadium is the big money maker but perhaps this current climate has caused them to reassess??

 

[Gspurs11]

Has anyone noticed that the speculation regarding players and signings has escalated since we acquried the guy from Swansea who's sole responsibility seems to have been corporate restructuring / remodelling. Just an opinion, but do you think that there is more going on in the background, i.e. that we are being sold to Amazon or someone of that ilk and they have said pay what you have to to get what you want to promote the brand, to fill the stadium, to sell the club across the world. The signing of Bale raises the profile, as does NFL as does all of the other none football relative activities that generate revenue for the club.
Just thinking out loud but it smells of an Amazon deal ....
I like it, but I am just a fan, but if it were true .........

There might be something afoot but no one's (among us plebs anyway) sure exactly.

Might even be the simplest explanation that the penny has finally dropped with the Board and ENIC's investment will rapidly start losing market value if it's not competing or at least trying to compete with the top table of football.

 

[theslowcentury]

I was reading about the Man City takeover in the Atheletic recently (https://bit.ly/32IO51b) and thought it was curious that they mentioned that

They had made it a condition of the takeover, written into the paperwork, that City signed an elite player to usher in the new era.

Probably an outside bet but you do wonder if the restarting of the fax machine and the board restructure hints at something going on.

 

[mumfordspur]

I was reading about the Man City takeover in the Atheletic recently (https://bit.ly/32IO51b) and thought it was curious that they mentioned that

Probably an outside bet but you do wonder if the restarting of the fax machine and the board restructure hints at something going on.

Isn't Birch the man you want in place on your side in the biggest negotiations (I dont mean transfers)?

 

[Westmorlandspur]

I think the most significant development recently has been the addition of Jonathan Turner to the board. He is a specialist in acquisitions and mergers. Together with Birch arriving. Something is happening.
I could cope with the Amazon arena.
Don’t see Daniel letting go though. He has 30% of ENIC . What else would he do. Now he’s got Jose I think he will stick around.