1.24% on an overall sum is pretty much peanuts though right? Even if the sum is £500,000,000 we only owe £5,000,000 which won't even buy you a league 1 player these days.
Don't see why it's a big deal if that's the case.
Yes, it is peanuts.
I forgot until someone posted earlier that intercompany loans have to have interest on them now, and it has to be "competitive" so we're lucky the interest rate is so low.
Personally (and this is just my opinion) I expect them to take repayment in the form of an increased dividend when they sell, in which case the 1.24% isn't charged (the intercompany loan has no mature date, so the 1.24% becomes moot unless they ask for repayment).
My reasoning is simply that they wouldn't have raised the money via equity if they weren't going to do it that way, plus an increased dividend should mean a bigger profit when they sell.
You're also right that it's not a big deal, but it forms the basis of a strange conspiracy where FSG are lying and taking money out, so people are clinging to it.
The reality of course, and it's a painful one, is that FSG could bleed us dry if they wanted to, but the fact is they're not.
Even Director payments are fairly modest by todays standards.
I look at the accounts every year in detail; I got into the habit because of h&g, plus I enjoy that kind of thing.
« Last Edit: Mar 09, 2017 09:31:12 pm by Swab »
Logged