Burnley finances - does anyone understand them?
It appears the new owners took out a loan to purchase the club, only to pass that loan on to the club.
The club now repays the loan?
Can that be right?
Happened at Man Utd as well I think.
Posted By: canary_wharf, May 23, 12:58:58
Follow Ups
- 7So - I could borrow £50m from the bank,
Posted By: canary_wharf, May 23, 13:57:04 - 1I presume....
Posted By: JD3, May 23, 13:38:29 - same model which worked wonders for Borders Bookstores...
Posted By: Cardiff Canary, May 23, 13:14:31 - 3pretty much as you stated
Posted By: Henclrikus, May 23, 13:07:05 - Yes they leveraged an asset to raise the necessary finance
Posted By: inutero, May 23, 13:04:14
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