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| Squad Changes; thoughts? | |
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| Tweet Topic Started: May 18 2014, 10:19 PM (9,056 Views) | |
| Naebody | Jul 25 2014, 09:11 AM Post #166 |
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Twat
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"Effectively"? Does that include or exclude the £1.45m private debt held by parties unidentified? The maximum payment under the bank terms was £2.65m, so that's almost certainly been maxed out by ~£5m (pretax) of transfer income. There's enough left to cancel the private debt too -- though if the mystery cabal is as benign as initially reported, why would you do that? And, in retrospect, was there any actual point to that side deal happening? To summarise, we've ended up with a 13% haircut on the bank debt. That's better than nothing, but certainly not as good as the (fake) 63% haircut initially advertised. And while we're here, what's so good about being ("effectively") debt free? Credit is the cheapest it's been since 1694. If you can't borrow cash right now, basically for nothing, and make a return on the invested capital then you don't deserve to have "businessperson" on your Linkedin profile.
Great. Perhaps he can play left back. |
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| Morvant's Finest | Jul 25 2014, 09:29 AM Post #167 |
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Tommy McLean
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Good question about the mystery cabal Naebs. Though in answer to your "was there any actual point to that side deal happening?" question I think the reason we re-structured can be answered in one line uttered by ST at the time.
Perhaps that important point allowed us to get as near as possible to the maximum worth of Gauld and Robertson? ETA: The interest payments were quoted as £200K per annum in February, so you can probably add at least £75K to that haircut for the bank? Edited by Morvant's Finest, Jul 25 2014, 09:34 AM.
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| Naebody | Jul 25 2014, 10:01 AM Post #168 |
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Twat
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Well, yes and no. Had the club just paid its net debt at par, it would've had £600k remaining post these transfers.* And unless the lender was Wonga, it wouldn't be paying £200K pa interest on a £600k debt. * assuming these transfers could've happened under the bank debt structure, which may not be a fair assumption. |
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| Morvant's Finest | Jul 25 2014, 10:47 AM Post #169 |
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Tommy McLean
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Fair point about ongoing debt payments (as they would have been very low or nil), but was meaning the amount the club has saved in debt payments between Feb 2014 and July 2014. |
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| Naebody | Jul 25 2014, 11:27 AM Post #170 |
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Twat
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Sure. Though if you're getting that granular you'd have to net off legal and admin fees against the ~£75k of interest saved, at which point the saving would seem to slip to somewhere between nominal and nothing. |
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| vvhatsthatonyourback | Jul 25 2014, 11:30 AM Post #171 |
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wild eyed
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This is absolutely fascinating. |
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| Tom_Boland | Jul 25 2014, 12:13 PM Post #172 |
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Ivan Golac
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Heard folk in the United Shop this mornin talkin about this lad from Celtic.![]() Any skiffies anyone? |
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| Micky | Jul 25 2014, 02:48 PM Post #173 |
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Gordon Chisholm
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How about "who is that lad from Celtic", for starters? |
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| Tom_Boland | Jul 25 2014, 04:01 PM Post #174 |
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Ivan Golac
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Goes by the name Joe Chalmers. Here's me thinkin we're all mind readers. |
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| Morvant's Finest | Jul 25 2014, 04:29 PM Post #175 |
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Tommy McLean
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He's a Left Back which is a useful start... According to the Scotsman: So, who's willing to trawl the Falkirk and Celtic forums to gain the inevitably mixed opinions on his talents? |
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| Cobardon | Jul 25 2014, 07:37 PM Post #176 |
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Uncle Smurf
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Well, I can at least venture an opinion based on one game, having seen him at Dens in March. Dundee offered little going forward so must have done a decent job but I'm damned if I remember him being outstanding. Still, having appeared in a winning team at Dens must be worth something for prospective Tangerines. Don't we have enough in the can now for a bid for ICT's Graeme Shinnie? He's a good player and out of contract at the end of the season, so wouldn't break the bank you wouldn't expect. £100k - £200k or so could get him I'd have thought? Yogi can use any cash they get for him to buy some third rate donkey from Carlisle or Stalybridge or something so he'll be happy and his long term plan to get ICT back below his beloved Hibs can get a step closer. |
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| Naebody | Jul 25 2014, 07:46 PM Post #177 |
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Twat
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Well, I've been checking old club emails and in retrospect it seems we probably should've seen this coming ...
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| Morvant's Finest | Jul 26 2014, 03:56 PM Post #178 |
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Tommy McLean
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According to the Tully it doesn't sound like we'll have long to wait before we have a replacement, and it won't be from within:
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| reekie | Jul 26 2014, 08:19 PM Post #179 |
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lum raker
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Good. (And by that I mean, "good news" not Curtis) |
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| Naebody | Jul 27 2014, 07:52 AM Post #180 |
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Twat
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If this is accurate, and United really did agree a 10% future transfer fee with Queens Park rather than pay £15k upfront, then someone wants shot. (Oh, and I see their amateur status is a "loophole" again.) |
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7:20 PM Jul 11