Leicester City have again taken out loans with Australian bank Macquarie to aid cash flow at the club.
The latest filings with Companies House show three separate loans have been arranged, with one used to bring forward the payments Chelsea owe City for the transfer of Kiernan Dewsbury-Hall. The academy product left in the summer for £30m but City didn’t receive all of the money up front.Instead, the deal was split into three instalments of £10m. While the first instalment was paid up front, the second and third are due to be paid by Chelsea on July 14, 2025, and July 14, 2026. Rather than waiting for those payments, City have taken out a loan with Macquarie to receive them up front
This has been a practice at City for some time. They also took out loans on instalments due for the transfers of Riyad Mahrez, Wesley Fofana, James Maddison, Harvey Barnes and Timothy Castagne.
Of the other two loans, one is secured against Premier League payments heading to the club between September 2024 and June 2028. That means the loan is also secured against potential parachute payments owed by the Premier League should City fall out of the division in that timeframe.
Again, this is not an unusual practice at City. It’s something they have done consistently over the past few years to help with cash flow at the club.
Be the first to comment