Broadcasting Media - New Century Finance
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Broadcasting Income

Next season 2019-20 the average Club will earn over £170m. The bottom Club will earn £120m. Parachute monies will be £86.8m over 3 years. NCF is able to raise loans using these receivables as security.” Funders and  documentation have to be approved by the PL. NCF’s funders have this approval.

Terms Description
Face Amount Up to 50% of the TV broadcasting revenues
Security Assignment over all the TV monies due to the borrowing club. Inter-creditor agreement, if required
Maturity Date Up to 24 months
Covenants Positive-Standard
Financial-3 x coverage
Events of Default Standard Edom including cross-default and cross-acceleration
Indicative rate 6% to 7%