guest2724
|
Hi Aussie I wasn't suggesting a loan...I was just trying to highlight the size of the capital to be raised that might be required for a 100% fan owned club...my figures are speculative given the fact the turnover of the club is confidential..I set £5m as approximately 125% of what the turnover might be..
I agree entirely that any bank would be extremely circumspect in looking at a supporters owned club because no bank wants to be responsible for calling in the collateral of a football club...
Having said that, I think a bank would be willing to look at being the banker of a supporter owned club if there were strict financial rules on how its finances were to be operated, similar to the salary cap management protocol that the EFL already applies to Div 2 clubs..sorry for the confusion..
|
|
|
|
|