Originally Posted by Former Labour leader
The loans were from other parties (bank etc).
£32.5m of the "other" loans of £43.5m (£37.6m repayable by 31 May 2021 and £5.9m payable after that) was secured against guaranteed future revenue streams - i.e. parachute monies - so would have been repaid when those were received after the year end. A further £10.9m was secured against future instalments receivable in transfer fee instalments so would have been repaid/will be repaid when those are received.
So the above were effectively cash flow loans , most of which won`t/can`t be borrowed in the future as we will not have the parachute payment money available to secure them.
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