THE CONCRETE ROUNDABOUT (TCR)

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 Post subject: Re: AFC Bond Payments
PostPosted: Sun May 26, 2024 10:34 pm 
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Joined: Fri Sep 27, 2019 9:45 am
Posts: 438
Let them die, slowly.


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 Post subject: Re: AFC Bond Payments
PostPosted: Mon May 27, 2024 6:14 am 
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Joined: Sun Oct 08, 2017 11:01 am
Posts: 5097
I got no doubt that they will move to survive; probably Welwyn Garden city.

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Disclaimer: All my comments are my opinions unless stated otherwise. I'm just a fan following my club.


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 Post subject: Re: AFC Bond Payments
PostPosted: Mon May 27, 2024 9:43 am 
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Joined: Fri Jun 08, 2018 7:46 pm
Posts: 1137
Whilst my dick would have a ball if Toot saw their playing budget reduced to pin money, we've to be realistic. They would probably approach that Nick Robertson ASOS guy to increase his share. May be even sell shares to MacAnthony, if he could make quick exit from Posh. Loss of supporter control would be assuming, on basis that don't get a large pot of money to try and climb the leagues

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 Post subject: Re: AFC Bond Payments
PostPosted: Mon May 27, 2024 12:08 pm 
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Joined: Sat Sep 23, 2017 2:38 pm
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Highly doubt AFC are at any risk. Also, who better to be in debt to than your own fans?


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 Post subject: Re: AFC Bond Payments
PostPosted: Mon May 27, 2024 4:47 pm 
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They were offering investors a choice of 0-7% per annum interest at inception April 2020. That attracted many non-Toot fans, when base rate at time was 0.10%. They would've selected 7%. Therefore its essential many of their own fans selected 0% of very low rate, otherwise they'd have to rely on volatile higher risk markets for good returns. Anyway if the cashing-in outweighs the capital available in April 2025, they will start another bond. This time 0-6%, at a time when investors rates and deals are likely to be much better than in April 2020 - not so much of a pull for non-Toot fans. Expect them to try reduce fan ownership from 75.1% to 50.1% (another Mr S Hammam please)- which will tear some of them apart. Therefore not a bellyacher, but still worth a bit of a laugh.

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