January 2020 transfer window

[Paddingtonwolf]

We had scouts at Zagreb games regularly apparently. We’re interested clearly, but all Tim says is no bid yet.

 

[Del Woppio]

https://twitter.com/SamBrueton/status/1219223668947070979

£50m loan made?

 

[Tredman]

Macquarie are really the worst of all the banks, which is pretty impressive.

 

[Jinky]

https://twitter.com/SamBrueton/status/1219223668947070979

£50m loan made?

Seriously, how does stuff like that see the light of day?! Someone should get sacked for that :icon_lol:

 

[Deutsch Wolf]

Publicly available through Companies House I'd have thought.

 

[Jinky]

Publicly available through Companies House I'd have thought.

Yeah, that's what they are saying. Fair play. Nothing is private anymore!

 

[Deutsch Wolf]

It's a *fairly* standard arrangement, I think Everton do it every year. Essentially the PL don't pay you your TV money until the season's finished, so you take out some short-term financing because other clubs want paying a large chunk of a transfer fee up front. No real risk because you know you're getting your income in a few months, it's not like it's in any doubt, you already know the absolute minimum you'll get and it's more than £50m.

Macquarie are awful though.

 

[Tredman]

Its always been available, but you used to have to pay to access companies house data (pennies though). Much easier now.

Assuming most transfers are staggered payments £50m possibly means we are going to make some serious signings.

 

[YoungWolf]

So is it a standard behaviour in general or indicates We are spending a reasonable amount in the coming weeks? Or both?

 

[Deutsch Wolf]

Unless you were running out of money to pay the wage bill (which is highly unlikely), why else would you need money now...

 

[Kenny]

It's a *fairly* standard arrangement, I think Everton do it every year. Essentially the PL don't pay you your TV money until the season's finished, so you take out some short-term financing because other clubs want paying a large chunk of a transfer fee up front. No real risk because you know you're getting your income in a few months, it's not like it's in any doubt, you already know the absolute minimum you'll get and it's more than £50m.

Macquarie are awful though.

West Ham have similar but their loan is secured against the training ground rather than TV Money

 

[Premier Quality]

Wonder how much we have to give up to get the £50m

 

[PuntsWolf]

Surely we have to pay a decent chunk of interest on this? Can’t Fosun Just loan us the money for free/nominal amount? Particularly if it literally is very short term like 6 months

 

[The Bion]

They've been pretty clear they want to be hands-off in terms of pumping money in and let the club become self-sufficient (which it is, gradually, thanks to the bonkers TV money) - it's better for the club's long-term future (and lending prospects) for that to be the case anyway

 

[PuntsWolf]

They've been pretty clear they want to be hands-off in terms of pumping money in and let the club become self-sufficient (which it is, gradually, thanks to the bonkers TV money) - it's better for the club's long-term future (and lending prospects) for that to be the case anyway

I’m not suggesting them give us the money. More loan it us at a favourable rate rather than go to a glorified MoneyShop/Wonga

 

[Norman Deeley]

Latest rumour on Twitter - if we're spending money - is Daniel Podence from Olympiakos. Tim II to deny it in 3...2...1...

 

[Tredman]

I’m not suggesting them give us the money. More loan it us at a favourable rate rather than go to a glorified MoneyShop/Wonga

Its normal though, the interest rate will be good and it helps FOSUN to spread the debt around

 

[Deutsch Wolf]

Latest rumour on Twitter - if we're spending money - is Daniel Podence from Olympiakos. Tim II to deny it in 3...2...1...

Reheated link that I think, seem to remember him being one of the players who left Sporting at the same time as Rui. Then he played against Burnley for Olympiacos a few weeks later.

 

[Banjo]

Secured borrowing has to be registered at Companies House in order to bind a liquidator. A lender would not have it any other way.

In terms of the nature of the borrowing, it's a way of ensuring cash flow is consistent given that the TV monies are paid in instalments.

 

[Kenny]

Wolves Academy
@WolvesAcademy
John Kitolano has moved to @Molde_FK
on a loan deal which will become permanent in January 2021.


By the sounds of it, his injury issues have ended his chances at Wolves