A 10-year £500m loan could cost nearly triple to repay

Projected loan balance, June 2024 to August 2033

Shaded area line chart detailing projected loan liability for 22 Holdco's £500m 10-year loan.

(Please use a modern browser to see the interactive version of this visualization)

Note: PIK interest accrues at annual rate of 7.5% + SONIA and compounds over time. 2024 and 2025 PIK costs inferred from financial statements. 2026 onwards estimated using current SONIA rate.

Source: 22 Holdco Limited financial statements, TISE, estimates from The Athletic