Takeover

[Cornflake]

Re the wages to turnover rules, listening to the Liquidator podcast I understand this in only in place in League 1 & 2 and just rumoured to be coming to the Championship soon. Presumably they'd have to give a few years notice to enable contracts to complete?

[Psalm23]

Financial Fair Play

The CFRU has remit over all the EFL’s Financial Fair Play Rules which are different depending on which Division a Club is in:

Championship Clubs follow Profitability and Sustainability (“P&S”) Rules which dictate what losses Clubs are permitted to incur over a rolling three-year period.
League One and League Two Clubs follow the Salary Cost Management Protocol (“SCMP”) These state that Clubs can only spend a fixed percentage of its revenue on player wages etc. This limit can also be added to or impacted by equity injections or net transfer spend.
For more information about the EFL’s Financial Fair Play Rules, see Appendix 5 of the EFL Regulations.


https://www.efl.com/governance/financial-regulation/

[Pragmatist]

MSD will have to be paid first, and thats supposed to be £28M.

Is that with or without the interest.

I don't think anyone really knows, Rem. Given the Bridging nature of the loan, I would guess that interest is withheld I.e. deducted up front, but that is a pure guess.

Interest wouldn’t be deducted up front, but there could well be an early repayment penalty.

If its a bridge pending sale then the interest is deducted from the gross advance. Standard practice on these type of short term loans. Take your interest from the capital position, because the cashflow can't service the debt. This is why FFP is also our biggest problem.

 Nobody on here has read the actual loan documentation though, so nobody can speak with any authority.

We are all guessing, unless someone is prepared to upload the Loan Documentation Suite and share with us.

I doubt anyone at all has seen the actual loan document, only the debenture which is on public record

---

Re the wages to turnover rules, listening to the Liquidator podcast I understand this in only in place in League 1 & 2 and just rumoured to be coming to the Championship soon. Presumably they'd have to give a few years notice to enable contracts to complete?

This new legislation is essential to make clubs sustainable.  Logically it would need at least 3 years to fully work its way through the system re existing contracts.  That sort of lead-in period also smooths the impact for affected players.  Lots of players will struggle to find new contracts at anything like their current wage levels. But football clearly needs a reset.

[wba13]

Lepkowski has today downplayed the takeover talks, by saying it’s unlikely that anything will conclude in the next fortnight.
Well we will see but Goldberg and Lepkowski seem to have there own agenda about the Albion.

[Crossbar11]

Lepkowski has today downplayed the takeover talks, by saying it’s unlikely that anything will conclude in the next fortnight.
Well we will see but Goldberg and Lepkowski seem to have there own agenda about the Albion.

They have said this the last few months but goes against what a couple on here and elsewhere are saying.

[wba13]

Lepkowski has today downplayed the takeover talks, by saying it’s unlikely that anything will conclude in the next fortnight.
Well we will see but Goldberg and Lepkowski seem to have there own agenda about the Albion.

They have said this the last few months but goes against what a couple on here and elsewhere are saying.

As I’ve said before, I’m impatient so I wish it would come to a conclusion hopefully with the takeover agreed, this will end all the rubbish being said by so called experts.

[CarlosCorbewrong]

At the end of the day, nobody knows what's going on apart from that guy who keeps on banging on about Barry Bannan.

[Bob Fossil]

Lepkowski has today downplayed the takeover talks, by saying it’s unlikely that anything will conclude in the next fortnight.
Well we will see but Goldberg and Lepkowski seem to have there own agenda about the Albion.

Hedging his bets. If it happens he'll just say it went through quicker than expected. No more ITK than me or the Dood.

I'm pinning all my hopes on the positive mutterings coming through this board and that we hear something soon. Although "just before or just after the Stoke game" looks optimistic to say the least.

[NewWanker]

Lepkowski has today downplayed the takeover talks, by saying it’s unlikely that anything will conclude in the next fortnight.
Well we will see but Goldberg and Lepkowski seem to have there own agenda about the Albion.

Can't imagine many lawyers and finance spurts are working in the next two weeks, so no surprise.

[Hudds1]

Lepkowski has today downplayed the takeover talks, by saying it’s unlikely that anything will conclude in the next fortnight.
Well we will see but Goldberg and Lepkowski seem to have there own agenda about the Albion.

Can't imagine many lawyers and finance spurts are working in the next two weeks, so no surprise.

You might be surprised....