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Rob W

Arsenal borrow £ 260 million

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they have borrowed £ 260 million securitised against their gate receipts for the next 13.5 years (!!!)

 

Mind they got it at a fantastic rate - LIBOR +0.52% - their bankers must have season tickets

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cant see them using it to buy players like. they'll pay off their debt with it, but at a cheaper rate.

 

Similar to me doing a balance transfer from my 13.9% egg card to my 0% halifax card.

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