GlastonSpur
Also disliked on an Aston Villa forum
- Joined
- Feb 4, 2007
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- 17,716
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- Spurs
So Spurs already are using debt financing but it's not crippling. At exactly what point does the debt become crippling according to you? I am not disputing what you're saying btw.
As of May of this year we're using a £400m bank loan, repayable over 5 years, to finance part of the stadium-complex cost. Most of the rest of the cost has already been paid for (£340m as of May) or will come out of the club's ongoing revenues.
Your guess is as good as mine as to what level of debt becomes crippling, but if Levy judges that we can't also afford a spending spree on players and player wages - beyond what we get for/save on player-sales - then I'm happy to go along with that because finance is his area of expertise.