The Debt

[Lecter]

Nicked off RAWK


Debt H&G wanted to put on the club: 0 Debt 2007: 44m Debt 2008: 350m Debt 2009: 472.5m(237.410m owed to RBS) Debt 2010: ?



Interest payment per day: 110.000 week: 770.000 month: 335.000 year: 40.1m compared to how much we pay the squad per day etc(anyone knows how much that is?)



H&G brought the club for: 220m Loaned: 298m Personal Investment: about 20m (is that correct?) Want to sell the club for: 800m
(how much profit would each make? 400m?)



Interest from 2007 to 2010: 85m Blueprint for the unbuilt stadium: 50-55m Planned Stadium in 2002 with a capacity of 60.000: 60-70m

Stadium income per game: 1.3m last season (with 27 home games): 35.1m
with a 60.000 seater aprox per game: 2.2m season with 27 games: 59.4m
manu's stadium income per game: 3.1m a season with 27 games: 83,7m



Players brought in 2009: 36.6m Sold in 2009: 44.75m Profit: 8.15m aprox. transfer budget in 2010: ?


The misery they put us in: a potential buyer would need about 600-800m to buy the club, further 400m to build a stadium and at least 100m to get new players in (would he also need to pay the debt of at least 370m?) So this adds up to 1.1 - 1.7bn to get the club fully back on track.

[Lecter]

and again..

Net Debt (total bank loans minus cash at bank)
2006 (before take over) 25.6m
2007 (Kop) 244.3m
2008 (Kop) 299.8m
2009 (Kop) 351.4m
---------------
For next year there'll be various changes. Dont know how they'll all net off against each other.

£144.5m debt to KC attracts 10% interest. Approx £14.5m per year or just under £40,000 per day on that alone.

So, on paper at least, LFC pays G&H an income which is about one and a half times what Real Madrid pay Kaka. It's almost double what Barca pay Xavi & Iniesta combined.
----------------------
Back to interest payments, and trying to guess what they'll be for the year to 31 July 2010:

To Kop Cayman, approx £14.5m.

To RBS, £183.75m @ 4.957% = £9.11m per year [Is that correct? Is it fixed rate for that portion?]
PLUS
balance of debt @ (LIBOR + 5%) [Is that correct? Is all of the remainder @ 5% above LIBOR? Or is it just the KF excess paid at that rate, with the LFC debt all charged at (LIBOR + 4.5%).]

The "balance of debt" has reduced considerably for the current year. Up to 24 Jul 09, the figure was probaly about £100m (ie total debt minus £183.75m). For the year to July 09 to July 10, the figure is closer to £54m.

And the interest rate on that balance has changed too. What was it for the loan agreed in Jan 08? Wasnt it (LIBOR + 3.5%)?

So now, in relative terms at least, the interest rate has increased (presumably due to RBS's dissatisfaction with the borrower). But has it gone up or down in absolute terms? ie has LIBOR gone up or down? And since we dont know if they are paying the interest monthly, quarterly, or semi-annually, then we dont know what the applicable LIBOR is [correct?]


Long story short, I hope G&H will have gone before the next set of accounts are published. But if they're still here, they may try to trumpet the fact that the interest paid to the bank will (possibly) have been reduced. But the total interest payable, including the sums falling due to Kop Cayman, will probably be higher.
----------------
Transfers-
Total since they took over up to and including January 2010.
Acquistions 183.4m
Disposals 134.7m
Net 48.7m
Average 16.23 per season.

The interesting thing is the trend -
To July 07 34m
To July 08 30m
To July 09 -6m
To Jan 10 -9m

[JohnDoe]

Nicked off RAWK


Debt H&G wanted to put on the club: 0 Debt 2007: 44m Debt 2008: 350m Debt 2009: 472.5m(237.410m owed to RBS) Debt 2010: ?



Interest payment per day: 110.000 week: 770.000 month: 335.000 year: 40.1m compared to how much we pay the squad per day etc(anyone knows how much that is?)



H&G brought the club for: 220m Loaned: 298m Personal Investment: about 20m (is that correct?) Want to sell the club for: 800m
(how much profit would each make? 400m?)



Interest from 2007 to 2010: 85m Blueprint for the unbuilt stadium: 50-55m Planned Stadium in 2002 with a capacity of 60.000: 60-70m

Stadium income per game: 1.3m last season (with 27 home games): 35.1m
with a 60.000 seater aprox per game: 2.2m season with 27 games: 59.4m
manu's stadium income per game: 3.1m a season with 27 games: 83,7m



Players brought in 2009: 36.6m Sold in 2009: 44.75m Profit: 8.15m aprox. transfer budget in 2010: ?


The misery they put us in: a potential buyer would need about 600-800m to buy the club, further 400m to build a stadium and at least 100m to get new players in (would he also need to pay the debt of at least 370m?) So this adds up to 1.1 - 1.7bn to get the club fully back on track.

and again..

Net Debt (total bank loans minus cash at bank)
2006 (before take over) 25.6m
2007 (Kop) 244.3m
2008 (Kop) 299.8m
2009 (Kop) 351.4m

We're going to do a Leeds. I honestly think it's going to happen.

[Tee]

We're going to do a Pompey. I honestly think it's going to happen.

[destinydude]

Our 60k seater wil generate around 80m pounds not 59.4 as said there.

We'll be increasing only 15,000 seats but out of the 15k around 9,000 will be for hospitality.

[saj]