What's new

The Daily ITK Discussion Thread - 14th August 2012

Status
Not open for further replies.
EJWTartanSpur

EJWTartanSpur

SC Supporter
Jan 29, 2011
4,811
10,104
Anybody else loving this new spangly financial spying ITK ? Its like University Challenge IQ ITK and it feels all sexy and hard business like. I can almost see Demi Moore in a short skirt and silk blouse faxing off the Spurs LOC, before sexually harassing me on the desk.
 
spurslenny

spurslenny

I hate football
Nov 24, 2006
7,545
6,538
Our ITK has been taken to a whole new level.


I feel like I should be wearing a pinstripe suit, and have a pink newspaper tucked under my arm while I read this
 
Gaz_Gammon

Gaz_Gammon

Well-Known Member
Apr 16, 2005
16,047
18,013
Excuse me for not reading every post on the LOC.

I deal with LOC's every day, and they (in the business i am in and are commonly known as) Letter Of Consent.

It usually is an agreement outline that factors in the agreement of a deal. Is signed by and witnessed at Chairman, Owner level and is an agreement between two companies in order to establish and provide evidence that an agreement has been declared and agreed. This is a legal docunment.

Hope this may (or may not) help. .......:barefoot:
 
N

noahrobert

Active Member
Jan 27, 2011
521
403
Stoof said:
Hehe.

I'm only involved as an article writer. I'm a bit of a geek for this sort of stuff and am writing a note on this to put on the site.

It seems we're gearing up for our Bank to guarantee to pay someone else's Bank some money.

Whether that's for a player or a lot of kit from abroad - who knows?
Click to expand...


It could and I say COULD also mean that everything is agreed, absolutely everything, but they (the seller) require a LOC for insuring the sale in light of football Market conditions.
An insurer usually puts conditions on Export Sales Insurance with regard payment terms...

I'm exited : )
 
theShiznit

theShiznit

Well-Known Member
Jul 26, 2004
17,902
23,971
So reading between the lines, we are siging el foriegno for bigos buckos?

for at least more than we have in the mega store tills...

Well that's enough for me to get 'cited.
 
RJ1882

RJ1882

SC Supporter
Aug 28, 2010
2,122
1,843
Would we need this for a bid of say £4m for Ade? Or are we likely talking tens of millions?
 
Daredevil

Daredevil

Well-Known Member
May 27, 2004
1,292
2,367
It's funny how the ill-feeling in here has been somewhat defused with some confusion over international finance.

"Levy out!
Tight bugger is costing us players!
This is a joke!"

LOC being prepared, something used with insurance brokers and banks which means....

":cautious: Whatchu talkin' bout, Willis?"
 
JUSTINSIGNAL

JUSTINSIGNAL

Well-Known Member
Jul 10, 2008
16,015
48,655
So my understanding is this: We have agreed a fee for someone/something and now the club are just getting a guarantee from the bank to say that we can pay it.

That's positive whatever way you look it at. Although it just goes someway to show on of the little intricacies involved in a multi-million pound deal.
 
Mr Pink

Mr Pink

SC Supporter
Aug 25, 2010
55,153
100,339
theShiznit said:
So reading between the lines, we are siging el foriegno for bigos buckos?

Or at least more than we have in the mega store tills...

Well that's enough for me to get 'cited.
Click to expand...

Either that or we are importing a brand new shiny stadium :)
 
Breezer

Breezer

Position??? Magician!!!!
Aug 27, 2004
4,387
29,887
We don't even know if the LOC is for a player!!!! Yet people already assuming its for a big bid.
 
Status
Not open for further replies.

Similar threads

Archibald&Crooks
  • Locked
  • Sticky
The Daily ITK Discussion Thread - 7th January
2 3 4
Replies
66
Views
61K
tubbygold
T
Archibald&Crooks
  • Locked
The Daily ITK Discussion Thread - 27th December 2023
13 14 15
Replies
282
Views
164K
THFCSPURS19
THFCSPURS19
Archibald&Crooks
  • Locked
  • Sticky
The Daily ITK Discussion Thread - The day Dragusin arrived - 10th January
17 18 19
Replies
367
Views
244K
Ghost Hardware
Ghost Hardware
Top