KivoOwl Posted March 4, 2010 Share Posted March 4, 2010 If so, when does it end? I've heard rumours they're pulling the plug next year? Link to comment Share on other sites More sharing options...
Guest Walkley_Owl Posted March 4, 2010 Share Posted March 4, 2010 Course you did dear. Link to comment Share on other sites More sharing options...
Brownlad Posted March 4, 2010 Share Posted March 4, 2010 didn't listen to RS last night then? not gonna happen Link to comment Share on other sites More sharing options...
latemodelchild Posted March 4, 2010 Share Posted March 4, 2010 If so, when does it end? I've heard rumours they're pulling the plug next year? Link? Link to comment Share on other sites More sharing options...
peterbottom14 Posted March 4, 2010 Share Posted March 4, 2010 they pull the plug and they have minimal return. they wouldnt do it, also, it would be bad business in terms of damaging thier reputation Link to comment Share on other sites More sharing options...
Guest Distraught! Posted March 4, 2010 Share Posted March 4, 2010 If so, when does it end? I've heard rumours they're pulling the plug next year? Link to comment Share on other sites More sharing options...
KivoOwl Posted March 4, 2010 Author Share Posted March 4, 2010 January 2011 to be precise. A Blade told me. I know, I know. Link to comment Share on other sites More sharing options...
Beholder Posted March 4, 2010 Share Posted March 4, 2010 Strangely I heard the opposite on an interview last night. Link to comment Share on other sites More sharing options...
bigdan2003 Posted March 4, 2010 Share Posted March 4, 2010 January 2011 to be precise. A Blade told me. I know, I know. school boy error Link to comment Share on other sites More sharing options...
hedgehog Posted March 4, 2010 Share Posted March 4, 2010 Why the hell would they 'pull the plug' when they are making plenty of money off us? Link to comment Share on other sites More sharing options...
Sonny Posted March 4, 2010 Share Posted March 4, 2010 Were they rumours or just rumours? We need to be clear on this. Link to comment Share on other sites More sharing options...
TheBoyBeevers Posted March 4, 2010 Share Posted March 4, 2010 January 2011 to be precise. A Blade told me. I know, I know. That's when the formal agreement is up for renewal- Jan 2011. They'll extend it though- it's not in their financial interest to call in the loan, when all that will happen is we'll go into admin, they'll get 10p in the pound back and therefore lose nearly £20 million on the money we own them. Link to comment Share on other sites More sharing options...
s.armo Posted March 4, 2010 Share Posted March 4, 2010 The bank have made £10m + from the club in the last 10 years and we still owe them roughly £22m. Why would they pull the plug if we are searching for investment which will give them even more ££ back? They must be laughing all the way to the erm....bank! Link to comment Share on other sites More sharing options...
Wednesday-Wonderland Posted March 4, 2010 Share Posted March 4, 2010 Ethical bank. Not in their financial interests to call it in. End. Link to comment Share on other sites More sharing options...
Dark$ide Posted March 4, 2010 Share Posted March 4, 2010 Based on the same 'principal' the baldes need to find about £45 Million by the end of their next financial year, as thats when their loan agreements end. Shame their with RBS, HBOS whom are currently know for putting HUGE pressures on customers to get cash in. Link to comment Share on other sites More sharing options...
fife_owl Posted March 4, 2010 Share Posted March 4, 2010 January 2011 to be precise. A Blade told me. I know, I know. You should seek confirmation. I suggest asking Tonto or Ashley. Link to comment Share on other sites More sharing options...
latemodelchild Posted March 4, 2010 Share Posted March 4, 2010 Based on the same 'principal' the baldes need to find about £45 Million by the end of their next financial year, as thats when their loan agreements end. Shame their with RBS, HBOS whom are currently know for putting HUGE pressures on customers to get cash in. 'Thats not a proper debt though, its a mortgage, and its owed to mcpig, and its for the hotel, and its seperate, and and and er....we've got a hotel and a team of cheats in china.' Or summat. Link to comment Share on other sites More sharing options...
steelowl Posted March 4, 2010 Share Posted March 4, 2010 January 2011 to be precise. A Blade told me. I know, I know. and you still bothered to put in on here? The Co-Op Bank have been brilliant & I understand they continue to be -why wouldn't they? Link to comment Share on other sites More sharing options...
donkey Posted March 4, 2010 Share Posted March 4, 2010 That's when the formal agreement is up for renewal- Jan 2011. They'll extend it though- it's not in their financial interest to call in the loan, when all that will happen is we'll go into admin, they'll get 10p in the pound back and therefore lose nearly £20 million on the money we own them. I'm curious, and admittedly know very little about the process of administration; is the following hypothetical situation a possibility? The Co-Op at the end of the current agreement decides that there is a lack of movement with investors and the long term prospect of only getting interest payments. Due to this, it decides to call in its debt knowing that SWFC own Hillsbrough and Middlewood Road. Administration is entered and the administrators subsequently sell the main two assets of the club for many millions to pay creditors. Would the Co-Op not receive a very good lump sum which they can then gain significant interest via inter bank lending etc. There are no doubt many holes in this scenario, but I'm genuinely curious. Link to comment Share on other sites More sharing options...
Guest billsaja Posted March 4, 2010 Share Posted March 4, 2010 If so, when does it end? I've heard rumours they're pulling the plug next year? Heard or started? I heard Elvis was alive on the moon, just a rumour though, hey? Actually there is more credence to the idea that the King is living large on the dark side of the moon than the idea that the Co-Op would see it as being in its best interests to force Wednesday out of business. Link to comment Share on other sites More sharing options...
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