EXHIBIT G · YOUR €370K TICKET UNDER THE C STRUCTURES · AUGUST 2026

Four ways to enter. Same club, different balance sheets.

The ownership is negotiating to co-invest €200,000–350,000 (C1/C2). Assuming your ticket of ≈€370,000, here are the four realistic configurations of how it enters — all on the same audited operating model. The July reference (owner not investing): IRR 14.7%, CoC 4.7×, DSCR 2.9×.

	Y1	Y2	Y3	Y4	Y5
Club EBITDA (new owner terms)	-37,514	51,296	96,781	98,877	101,015
Your cash flow (loan + equity share)	-50,891	28,165	59,448	60,788	62,153

12.6%YOUR IRR · 20Y

3.8×CASH-ON-CASH

Year 9PAYBACK

€199,986NPV @ 8%

€169,525BANK DEBT

€369,525 · 92%YOUR CASH IN · YOUR STAKE

Owner invests €200,000 (8%). Your €369,525 all as equity for 92%. Bank debt €169,525 (3.75%, 12y).

	Y1	Y2	Y3	Y4	Y5
Club EBITDA (new owner terms)	-41,041	46,724	91,556	93,547	95,579
Your cash flow (loan + equity share)	-37,059	35,798	64,704	65,977	67,276

13.5%YOUR IRR · 20Y

3.8×CASH-ON-CASH

Year 8PAYBACK

€223,833NPV @ 8%

€19,525BANK DEBT

€369,525 · 86%YOUR CASH IN · YOUR STAKE

Owner invests €350,000 (14%). Your €369,525 all as equity for 86%. Bank debt €19,525 — near debt-free.

	Y1	Y2	Y3	Y4	Y5
Club EBITDA (new owner terms)	-41,041	46,724	91,556	93,547	95,579
Your cash flow (loan + equity share)	-29,451	46,027	76,140	77,124	78,115

15.5%YOUR IRR · 20Y

4.1×CASH-ON-CASH

Year 7PAYBACK

€297,918NPV @ 8%

€0BANK DEBT

€369,525 · 86%YOUR CASH IN · YOUR STAKE

Owner invests €350,000 (14%). Your €369,525 enters as €19,525 equity (86%) + a €350,000 shareholder loan at 6%, 12 years, senior and secured. ZERO bank debt: the club pays the mortgage to you, not to a bank.

	Y1	Y2	Y3	Y4	Y5
Club EBITDA (new owner terms)	-37,514	51,296	96,781	98,877	101,015
Your cash flow (loan + equity share)	-70,213	10,452	41,613	42,828	44,063

16.7%YOUR IRR · 20Y

7.0×CASH-ON-CASH

Year 8PAYBACK

€261,242NPV @ 8%

€369,525BANK DEBT

€169,525 · 92%YOUR CASH IN · YOUR STAKE

Owner invests €200,000 (8%). You deploy only €169,525 of equity for 92%; bank debt stays at €369,525. Highest efficiency — and €200,000 of your ticket stays free for what comes next.

Our read: if you want the full ticket deployed, "YOU ARE THE BANK" beats the July base — 15.5% IRR, payback in year 7, zero bank debt, no covenants, and the annuity the bank would have collected is paid to you instead, senior and secured. If you prefer to keep powder dry, "HALF TICKET, LEVERAGED" gives 16.7% and 7.0× on €169,525 — leaving €200,000 free for the next club. Both are on the table with the ownership.

Assumptions: corporate tax 25%, straight-line depreciation 20y, revenue +2% from year 5, shareholder loan 6% / 12y amortizing, bank 3.75% / 12y. Owner terms per the August proposal: €24,000 rent (yrs 1–2 at 50%) + 6–7% of revenue + 8–14% equity; club funds €12,000/yr of the joint marketing fund. Preliminary estimates, not a binding offer.

← BACK TO YOUR INDEX THE MACHINE →INTERACTIVE MODEL →