Leicester City get £26m boost in fresh deal over James Maddison's transfer

[mawspurs]

Leicester City have opted to bring in the £26.7m they are still owed by Tottenham for the transfer of James Maddison.

Through Australian bank Macquarie, City have chosen to receive the money now, rather than wait for Spurs’ two remaining instalments, due next summer and the summer after.

Source: Leicester Mercury

 

[thecook]

So, another club has borrowed against money owed to it by us.

 

[Led's Zeppelin]

So, another club has borrowed against money owed to it by us.

Yes, and why not?

A good decision, I’d say.

 

[thecook]

Yes, and why not?

A good decision, I’d say.

Yeah good decision. I just don't see why that's particularly relevant to us

 

[beuller]

Yeah good decision. I just don't see why that's particularly relevant to us

I think it’s interesting because I wasn’t aware that those types of arrangements go on.

but I am a naive sweet summer child

 

[Metalhead]

I think it’s interesting because I wasn’t aware that those types of arrangements go on.

but I am a naive sweet summer child

Yes you are my sweet.

 

[ComfortablyNumb]

I think it’s interesting because I wasn’t aware that those types of arrangements go on.

but I am a naive sweet summer child

Most businesses do it, it's called factoring, and there's a whole financial industry built around it.