Red Sky
Star Player
Interesting video article on our finances and the relatively new practice of transfer fee factoring. I know a few on here were debating how we are able to spend money so quickly when transfer fees tend to come in installments.
https://www.tifofootball.com/video/why-did-bournemouth-borrow-16m-from-an-australian-bank/
Sounds like a relatively clean way of getting deals done without taking out secured finance. The bank receive the repayments directly so presumably the risk of the buying club defaulting on a payment is with the bank instead of us.
I'm always skeptical when it comes to banks and lending, and they are no doubt making a killing in interest but I'm somehow more comfortable with this than borrowing from Max or other Directors.
https://www.tifofootball.com/video/why-did-bournemouth-borrow-16m-from-an-australian-bank/
Sounds like a relatively clean way of getting deals done without taking out secured finance. The bank receive the repayments directly so presumably the risk of the buying club defaulting on a payment is with the bank instead of us.
I'm always skeptical when it comes to banks and lending, and they are no doubt making a killing in interest but I'm somehow more comfortable with this than borrowing from Max or other Directors.
