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Ryan and Mac charging Wrexham 9% a year on the money they put into the club
Posted on 2/10/24 at 2:51 pm
Posted on 2/10/24 at 2:51 pm
For the uninitiated, there’s a podcast called The Price of Football where a Liverpool finance professor pours over the accounts of various clubs and talks about what’s really goes on behind the scenes. On their latest episode we’ve come to find out Ryan and Mac’s cash infusion into Wrexham is in the form of a loan to the club, which they are charging 9% a year, 3% above base rates in the UK, to Wrexham FC for the privilege of having their club turned into a tv show.
Owners loaning clubs money is common but usually it’s done interest free, even Mike Ashley didn’t charge Newcastle for the loans he gave to clear the club’s debt when he bought it.
Pretty scummy to not only charge interest but to do so at 150% of the Bank of England’s rate.
Owners loaning clubs money is common but usually it’s done interest free, even Mike Ashley didn’t charge Newcastle for the loans he gave to clear the club’s debt when he bought it.
Pretty scummy to not only charge interest but to do so at 150% of the Bank of England’s rate.
This post was edited on 2/11/24 at 12:30 am
9
Posted on 2/10/24 at 3:03 pm to Draconian Sanctions
No surprise really.
Posted on 2/10/24 at 3:16 pm to Draconian Sanctions
Well the clubs value has increased over 300% since takeover, and they're making money hand over fist in merchandise and ticket sales. Not to mention the boost in the local economy from tourism.
I'm sure they'd gladly play 19% interest in that case.
I'm sure they'd gladly play 19% interest in that case.
Posted on 2/10/24 at 3:28 pm to BCLA
quote:
Well the clubs value has increased over 300% since takeover
The value increase is tied to the owners, when they leave the value drops.
Posted on 2/10/24 at 4:01 pm to Draconian Sanctions
quote:If they leave then in a more secure position than before (actually higher up the pyramid and with better ground) then even if the value dips it will not dip back to the low at which they invested
The value increase is tied to the owners, when they leave the value drops.
Posted on 2/10/24 at 4:15 pm to 225rumpshaker
In theory sure but it’s a short drive from tier 3 to 5.
If they get established in the championship then we’ll talk
Regardless this aww shucks image they’re putting out is complete horseshite
If they get established in the championship then we’ll talk
Regardless this aww shucks image they’re putting out is complete horseshite
This post was edited on 2/10/24 at 4:20 pm
Posted on 2/10/24 at 6:05 pm to Draconian Sanctions
Are you familiar with a risk premium?
Posted on 2/10/24 at 6:45 pm to Oizers
That’s fine just don’t act like oh my god we fell in love with this little club and its people lmao
Posted on 2/10/24 at 8:11 pm to Draconian Sanctions
The Glazer’s think that’s child’s play
Posted on 2/10/24 at 8:17 pm to Draconian Sanctions
quote:
That’s fine just don’t act like oh my god we fell in love with this little club and its people lmao
It's really not that deep my baw.
Posted on 2/10/24 at 9:08 pm to Draconian Sanctions
quote:Do you know how promotion of a product works? Would you rather them do nothing to try and push the brand they are running?
That’s fine just don’t act like oh my god we fell in love with this little club and its people lmao
Posted on 2/10/24 at 10:08 pm to 225rumpshaker
Weird to see a fan of Newcastle and PSG ranting about this.
Posted on 2/10/24 at 11:33 pm to cwil177
He's probably just jealous that most Americans think Newcastle United is an English beer and are more familiar with a League One team now thanks to them.
Posted on 2/11/24 at 12:22 am to cwil177
Whataboutism
If you can’t respond without deflecting to something else you’re essentially admitting defeat already.
If you can’t respond without deflecting to something else you’re essentially admitting defeat already.
Posted on 2/11/24 at 5:19 am to Draconian Sanctions
I don’t have a dog in this fight, and your petty quip assumes I give a shite 
Something something glass houses
Something something glass houses
Posted on 2/11/24 at 9:21 am to cwil177
quote:
I don’t have a dog in this fight
neither do i, so i'll just say these 2 things:
1. Ryan Reynolds is a MUCH better businessman than he is an actor, and he's proven that with multiple ventures he's been involved with
2. if it was a loan, then the club had to have known what the interest rate was going to be ahead of time, and they would have had a choice to accept the loan or not.... if they were ok with it, why is it a problem?
Posted on 2/11/24 at 9:52 am to Draconian Sanctions
There’s nothing wrong with this.
Posted on 2/11/24 at 10:58 am to Draconian Sanctions
quote:
Owners loaning clubs money is common but usually it’s done interest free
Usually, clubs don’t have owners who create a hit documentary series about them….
Do you understand what cost versus benefit means? The club took a deal where they felt the benefits of having Ryan and Mac own the club and do a documentary outweighed the costs of paying a higher interest rate than other clubs that are not getting this kind of exposure. The club is reaping the benefits, the fan experience is better, the team is winning, and Ryan and Mac are getting paid. Who is not happy in this situation?
This post was edited on 2/11/24 at 11:02 am
Posted on 2/11/24 at 11:19 am to SUB
Some poster on TD apparently
Posted on 2/11/24 at 11:22 am to SUB
quote:Draconian Sanctions dislikes anyone not born within a 5 mile radius of clubs supporting them or following the sport in general, it’s just something that is accepted here on the board
Who is not happy in this situation?
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