Usually at pay and display machines. And shopping trolleys often require a pound. It’s fine though because you get it back once you return the trolley. I guess it is to deter you from throwing it in the canal.
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Why would you borrow money thats going to cost you?
You don’t need to be Soros son, just answer the question.
Meaning we’re planning on going into the trolley rental market with a buy in of £75 Million?
So you can carry your shopping
You’re crackers.
To avoid wet sheets.
TV Money is the primary source of income of any football club.
That money is paid in “Stages” across the season.
McQuarrie Bank are Australian and were the main leader in TV Revenue loans - you used to call it “Factoring Invoices” back in the day.
McQuarrie changed strategy and announced they were pulling out of Football
Saints went to MSD and simply (and wisely) added a contingency fund to the existing type of arrangement.
EVERY EPL Team does this in one form or another, they know the baseline minimum matches they will be paid for by TV (eg all of them for International Rights) They simply put the cash in the bank in the summer to pay for the season and new players
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Will tv rights money ever return to what they were?
Taking out a loan and what rate?
Of that amount?
Now if we go down what sort of footing are we on?
Makes loans now seem sensible but means we are skint.
Means every EPL team is skint until they get the TV money paid to them.
Yes the value / income will drop.
Not by much this season.
We have a buffer because Semmens was sensible and got in early. Imagine now asking for money this week after the Government said no fans until probably March. Interest and other issues will be much higher on new loans as there is even more risk
Spurs did ok, possibly but some clubs will always have money as they’re far more attractive proposition.
I am so glad I did not post the whole thing, certain posters would have exploded
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I’ve heard about him from a Ligue 1 fan (St-Etienne fan) and none of it was any good, he did nothing at Bordeaux.
From another Saints forum
I understand our buyer has put his proposal forward to the Premier League for approval, however the word “Complex” was also associated. Which always makes me nervous. Whether that is around liabilities for any financing or settling current directors investments, I do not know.
Michael Knighton is springing to mind.
As long as we get a Monkey Petting Zoo and a ringing endorsement from @SaintDavid he could be the baby eating Bishop of Bath and Wells for all I care…
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Gao Jisheng, Southampton’s majority shareholder, is currently in talks to sell the club to American investor Joseph DaGrosa — but what do we know about the potential buyer, and is a loan from MSD UK Holdings going to be a problem?
The Athletic has been asking those questions on your behalf:
Who is DaGrosa?
New York-born DaGrosa heads up General American Capital Partners, an investment firm that tried to buy Newcastle United but was put off by Mike Ashley’s asking price or, as one source explained, a disputed payment which may have to be paid later down the line.
The businessman led the purchase of Ligue 1 side Bordeaux in November 2018 for €70 million but sold them only 13 months later. Despite this so far unsuccessful foray into club ownership, DaGrosa has ambitious plans to create a portfolio of teams, following a similar model to the City Football Group, and wants a Premier League side to be the crown jewel.
Southampton owner Gao Jisheng is looking to sell the club (Photo: Catherine Ivill/Getty Images)
Southampton could be viewed as an easy target in that sense. They have an owner looking to sell, a state-of-the-art training facility, a 32,000-seater stadium and a well-established academy system.
Besides owning a football club(s), DaGrosa has invested in Soccerex, a London-based company specialising in hosting formal and informal networking events within the game.
Why did he sell Bordeaux?
Multiple reports suggest that he may have overvalued the club and thought it would be more profitable than it was.
One source familiar with DaGrosa’s spell in France described him to The Athletic as a “nice guy, but he’s a promoter and knows nothing about running sports franchises”. The source added that the Bordeaux investment, roughly £23 million, came from relatively modest American pension funds. Buying several clubs, including a Premier League one, would require the support of much bigger, institutional backers, something DaGrosa is very unlikely to achieve.
What has he said about buying a Premier League club?
DaGrosa gave an interview to the Shields Gazette in May, where he discussed his failed attempt to purchase Newcastle but also shed light on his future plans.
“Newcastle is the profile of club that we’d like to buy,” explained DaGrosa. “There are a few others out there that are in our sights, but that’s exactly the type of club that we’re looking for.
“We’re not looking at a big six club at this point, purely from a cost point of view, but there are a few others out there that look very interesting. There’s a really big opportunity to build a platform similar to City Football Group, in a much shorter period of time and at a much lower cost.
“That’s not a knock on the City Football Group at all – they did a very good job playing the cards they were dealt – but the effect of COVID-19 has brought about possibilities that just didn’t exist for City Football Group when they were building their platforms. We’d like to have our first club over the line in September or October.”
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Not sure I want this guy in the club - sounds a bit of a self proclaimed visionary
If we are going to get a new owner, I would rather we got one with some of their own cash that they are willing to put in.
He sounds like he is great at spending other peoples money
Yes its all rosy in the garden of SFC…
Not sure SaintDavid will be that bothered, seems more busy posting feet selfies from a beach
Maybe Ryan could have a word with Scarlett Johansson, she must have a spare £200m knocking about…