We have borrowed money The Cottage as security

[bulgariawhite]

http://www.thesun.co.uk/sol/homepage/sport/4912882/Fulham-are-the-latest-Premier-League-club-to-take-out-a-pay-day-loan-type-agreement.html
Interesting read. What are we going to spend the money on, transfers or Riverside development?

[fulhaman]

Surely the Dempsey, Dembele money Is paying for the new stand, hopefully this is for transfers which I believe it may be for

[Fulham76]

I doubt we need it to keep 'ticking over' as they say in the report. It's a specific amount though, (£16m) & repayable in August, so something's happening now.
Can't imagine it's for transfers because you're never guaranteed a transfer will go through, so why pay interest on such a large amount you may not need?
My guess is it's an initial payment to contractors for the Riverside work to begin.  1500.gif

[jarv]

I agree, probably for the riverside. They waited til now, I suspect, til the team is safe in the premier. Actually, not mathematically safe so 3 points on Saturday and maybe the digging will start on Monday. Good incentive for the team. :clap_hands:

[ealex40]

I agree, probably for the riverside. They waited til now, I suspect, til the team is safe in the premier. Actually, not mathematically safe so 3 points on Saturday and maybe the digging will start on Monday. Good incentive for the team. :clap_hands:

Hope they don't do too much digging on Monday...we still have to play Liverpool.

[FFCByTheRiver]

Well it's presumably either for the stand or for transfers. Either are exciting!

[PaulJ123]

Surely we would have £16m available though? I don't see the point in getting this loan in, as surely it just means it puts us into debt.

[StuFFC]

Is the source reliable? It is the sun after all!! I have seen some really dirty stuff on the toilet paper yet they love to print it every day!!