ToffeeWeb - Season 2009-10

The Mail Bag

Investec loan

It is being widely reported that EFC have taken out a loan with Investec. The loan is being secured on NON -DEPRECIATING assets which would seem to rule out the players There are various possibilities under this category such as land, buildings, stocks maybe even shares. There are 3 questions I am sure we all have:

1) How much is the loan?
2) What is it for?
3) What is the security?
I can't answer 1) but as for 2) it could be for Kirkby, to pay off Green and Earl, to budget for players in January, or to redevelop GP because DK is knocked back (wishful thinking).
As for (3) it could be secured on shares, naming rights, Future season ticket sales (may already be hocked) or bellefield as all other assets have been hocked already.
Any other thoughts guys or does somebody have any further info?
Jay Harris, Liverpool Posted 27/10/2009 at 12:06:51

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Matt Bone
1 Posted 27/10/2009 at 21:11:24

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Thought we leased bellefield anyhow

Mark Hill
2 Posted 27/10/2009 at 22:00:00

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Could it be to pay off or to save us from oblivion so to speak, robbing (borrowing off) Peter to Pay (keep the wolves from the door) Paul...??

I personally think we don't have a pot to piss in and wouldn’t be surprised to see a similar routine of what happened during Wally’s tenure, where he bought players then had to sell them on... Dacourt, Materazzi, Big Dunc etc.

Or am I just being far too cynical?

And yes, we lease Bellefield...

Jay Harris
3 Posted 27/10/2009 at 22:49:55

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Mark, I think you’ll find we own Bellefield but lease Finch Farm.

Mark Hill
4 Posted 27/10/2009 at 23:40:53

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Oops...

sorry, my mistake!

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