"The Foxes have used Australian bank Macquarie to monetise instalments they were due to receive over the coming seasons for Tom Cannon, James Justin and Kasey McAteer, pulling roughly 18.7m into the club now rather than waiting for staggered payments to arrive next year and beyond, according to Leicestershire Live. Leicester City make clever financial decision Leicester have a pattern of structuring outgoing transfer fees as multi-year instalments (often used to secure higher total deals or to bridge buyer/seller finances)."
"Instead of waiting, they have advanced the three payments owed by Sheffield United for Tom Cannon, a combined 5.7m that was due across the next two years. They have pushed forward the two 2.5m instalments due from Leeds for James Justin, suggesting a base fee of about 7.5m, with add-ons potentially close to 10m. They have accelerated two 4m payments from Ipswich for Kasey McAteer, implying a base fee of around 12m. All together, these advances total 18.7m."
Leicester City advanced roughly £18.7m of future transfer instalments using Australian bank Macquarie to obtain immediate funds for Tom Cannon, James Justin and Kasey McAteer. The club advanced Cannon payments worth a combined £5.7m, accelerated two £2.5m instalments from Leeds for Justin (suggesting a base fee near £7.5m with add-ons) and pushed forward two £4m payments from Ipswich for McAteer (implying a base fee around £12m). That follows a prior £11.3m advance against West Ham’s payment for Mads Hermansen, taking recent monetised incoming cash close to £30m. The moves smooth timing mismatches and provide short-term liquidity for operations, debt and recruitment.
Read at www.caughtoffside.com
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