Quote:
Originally Posted by goonster
Thing is, the whole thing boils down to a scheme to create more debt. JP Morgan is funding the startup against expected future revenues, i.e. broadcast contracts that don't exist yet. The clubs have created an entity to lend themselves money.
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I should have known it was a reverse mortgage type affair, as opposed to actual money being given out. Perhaps what you pointed out was the whole purpose: to be able to tap into future revenue now, without a damn given about repercussion in the future, which would be in line with at least how Barça has been operating.