Non - Football Transfers Re-Financing

[dutchcherry]

I think Al mentioned this a while back.
https://www.theguardian.com/footbal...s-australian-bank-macquarie-loans-tv-earnings
My maths ability is very poor, but I worked that out as a £780k cost to get the £12 mill due for Mings (2nd installment) upfront which would have been paid one year later.
Note: I just used the interest rate they mentioned in the article, it might vary depending on what product etc, so i'm only speculating based on the one article.
Seems a clever product.

 

[Sorry Roger]

“Note: I just used the interest rate they mentioned in the article,”

The article quoted rates estimated at 6%/7%. Factoring isn’t my speciality but I doubt that Macquarie could have built the market so quickly if they were charging market rates. These are also secured loans. I expect the rates charged to the Macquarie book are a good deal less.