"In a document on Companies House dated February 2, 48 hours after the transfer window shut, the club sold on future income due on Amavi and Sanchez to the Australian Macquarie bank"From the Daily Record.It's going to be a very interesting summer and season.
Quote from: TheMalandro on June 05, 2018, 10:34:14 AM"In a document on Companies House dated February 2, 48 hours after the transfer window shut, the club sold on future income due on Amavi and Sanchez to the Australian Macquarie bank"From the Daily Record.It's going to be a very interesting summer and season.That sounds like a standard factoring arrangement to be honest. Although I can't see where it's mentioned on Companies House to have a closer look.
I know absolutely nothing about accounts, but that does sound a bit worrying to me
It's not unusual for companies to take such measures to smooth cash flow when they know something is coming in, but for a company like Villa it's a little bit odd I'd say. If Tony has got oodles of cash, why doesn't he just give the club a short term sub until outstanding transfer fee installments from other clubs are paid, rather than paying a percentage of the fee to a bank in factoring charges?
I read a very valid point somewhere that said something along the lines of:-“when the outcome of a single football match sends one club into financial nervana and the losing club into (what looks like) financial meltdown, then something is not right with the system”.I think they are right.