what's the interest rate likely to be ...

[david in sweden]

.... on the upfront £12 million we got for Alex ?

 

I'm sure Cortese has invested it wisely, but that kind of money surely accrues quite a bit of interest sitting in an account somewhere ...?

 

Unlike many other clubs, we didn't had to run out and buy a big money replacement the following day.

[Danbert]

How do you know it won't be used to cover the previous season's excess? Even if it isn't, in the current climate it will earn less than inflation thanks to the BofE screwing savers to save the arses of feckless buy to let scum and other "investors".

[SO5 4BW]

If he bought Italian government bonds, about 7.5%. Then again possibly not a good idea. Guess no investments are 100% safe any more

[Danbert]

If he bought Italian government bonds, about 7.5%. Then again possibly not a good idea. Guess no investments are 100% safe any more

 

Depends who's doing the investing doesn't it? If you're too big to fail you can just get the taxpayer to foot the bill and have another spin of the roulette wheel.

[Baj]

......he's a banker, I don't think we have to worry about him being savvy enough to put the money in the right place.

[Danbert]

......he's a banker, I don't think we have to worry about him being savvy enough to put the money in the right place.

 

Yeah, I mean bankers never f**k up do they... Jesus

[Saint-scooby]

Yeah, I mean bankers never f**k up do they... Jesus

 

Oh Baj didnt see that one did you :0)

[trousers]

[St Chalet]

Circa 1% according to our Head of Treasury

[Ekelund24]

Yeah, I mean bankers never f**k up do they... Jesus

 

Not when it is their money!!

[david in sweden]

Circa 1% according to our Head of Treasury

 

well that will pay a few salaries won't it ...

[SaintBobby]

In nominal terms about 2 or 3% is easy to secure.

 

In real terms, about -2%, owing to an inflation rate of about 5%.

 

So, in all likelihood, if invested conservatively, the 12m is now worth less than it was.

[hamster]

Invest in bronze like our previous rulers did.

[Ohio Saint]

I'd invest it in cocaine and hookers. Do what the bankers do.

[Noodles34]

cant believe the op! What next, which printers do we use?

Some people need to think about other things...

[JonnyLove]

How do you know it won't be used to cover the previous season's excess? Even if it isn't, in the current climate it will earn less than inflation thanks to the BofE screwing savers to save the arses of feckless buy to let scum and other "investors".

 

He was sold in this financial year so won't show on last years accounts (Which are yet to be published). Not really pointing out much but just trying to get it out to as many people as possible that when it shows we have made another loss last year or at least break even then it did not include the money for alex.

[Pilchards]

cant believe the op! What next, which printers do we use?

Some people need to think about other things...

 

A brother laser printer.

[dubai_phil]

A brother laser printer.

 

But surely we should outsource it all to Xerox to allow ourselves to get on with tearing new a**holes to nPc teams?

[Fan The Flames]

A brother laser printer.

 

We must have upgraded from the Xerox 850 diablo daisy wheel that we had.

[Danbert]

well that will pay a few salaries won't it ...

 

Er... no

[saintmatt]

Er... no

 

Er... yes. Hospitality staff, admin staff etc

[Danbert]

Er... yes. Hospitality staff, admin staff etc

 

Given the rate of inflation the value of the principal is falling not increasing, so no, you can't pay anyone's wages using the interest - at least not without further eroding the value of the principal.