Under performing businesses and insolvency
At Deloitte our goal is to be the best at working with management and stakeholders of underperforming and financially distressed businesses; we use our expertise to maximise their recoveries and protect their investments.
Deloitte is able to offer clients a unique combination of Reorganisation Services and sports business expertise, to deliver solutions to management, lenders and other stakeholders in respect of a sports business.
Issues and trends
- Achieving rapid improvements in cash and working capital management;
- Assessing and implementing financing options;
- Assessing the options for lenders to under performing sports businesses;
- Achieving a company rescue or ensuring the survival of a business as a going concern.
Our solutions
Deloitte offers a range of Reorganisation Services. On this page we highlight our solutions in respect of sports businesses for cash & working capital management, debt advisory, business liquidity review, and formal insolvency procedures.
Cash & working capital management
Deloitte helps clients to unlock cash, reduce funding requirements, improve cash flow visibility, assist in negotiations with key creditors, improve asset utilisation, and to smooth relationships between management, lenders and other stakeholders. Our experience of sports business issues mean we can advise and assist management to achieve rapid improvements in cash and working capital management.
Debt advisory
In situations of stressed refinancing, Deloitte has the expertise to:
- deliver a solid diagnosis, informed by our sports business expertise and experience, with an in-depth understanding of the company’s financing requirements, conducting a review of the business plan and evaluation of stakeholder positions;
- provide a comprehensive options analysis with an appraisal of achievable alternatives and an exploration of alternative sources of funds; and
- lead robust negotiations to agree alternative solutions for the company with its creditors, their advisers and supporting lawyers and take these from the term sheet to full documentation.
Business review and liquidity review
Deloitte can work with the financial stakeholders to conduct a review of the liquidity of a sports business to provide an understanding and analysis of the drivers of cash flow. This provides lenders with an independent view on whether its borrower has adequate liquidity to continue operating normally, thereby allowing time for the lenders to consider their options.
From the rigorous review of the borrower’s financial projections and a deep understanding of sports industry specific matters, lenders can assess their options, including future lending decisions.
Administrations
Our Deloitte specialists advise companies, and their lender stakeholders, when they are experiencing trading and cash flow difficulties, including those who need to enter into an insolvency process. Deloitte’s expertise and previous experience covers sports businesses, and the particular industry factors and regulations that may prevail. The main aim of the administration process is to facilitate a company rescue or ensure survival of a business as a going concern.
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