We arranged short term loans during the stadium and surrounding development builds, these would have been at bank rates + fees probably around 5-6% .... in total so far we've ended up spending around a billion pounds, 350m of which came from the club, 637 million came via loans.
That 637 million would have been costing around 35 million a year in interest. We've now converted those loans into bonds at 2.66% reducing annual payments by nearly 20m a year. Assuming an average 20 year term we will now set aside some 50m a year to cover these bonds plus interest.
If the stadium generates 100m a year that puts us 50m profit per year ahead of where we were two years ago, and that doesn't include marketing, sponsorship and all the other additional income streams.
So despite what some financially illiterate morons might think (JT) ... this build has been a massive success and will put us financially much closer to our top six rivals.
Shame you spoilt your post by being rude and nasty to one of the greatest posters ever to grace this forum.
Grow up, and be kind.
#kinderpolitics