Guest Posted February 26, 2015 Share Posted February 26, 2015 Overall det is 25 million You keep saying that, but what's the overall debt? Link to comment Share on other sites More sharing options...
Guest _Ibbo_ Posted February 26, 2015 Share Posted February 26, 2015 That's OT. Thats because you keep making factually incorrect statements. Link to comment Share on other sites More sharing options...
Guest Hamy33 Posted February 26, 2015 Share Posted February 26, 2015 Thats because you keep making factually incorrect statements. That's OT. Link to comment Share on other sites More sharing options...
Jeffjohnsonmyhero Posted February 26, 2015 Share Posted February 26, 2015 ame="Hamy33" post="5878549" timestamp="1424973079"] Yes 12 million net debt. In black and white. Unless your saying the accounts are wrong ? Give up wi the fool he wont listen. Link to comment Share on other sites More sharing options...
Last_Great_Hope Posted February 26, 2015 Share Posted February 26, 2015 F**kall, you lose money year in year out and you end up in debt borrowing money to cover the losses. You can use smoke and mirrors but but the fact is debt is piling up at around 5 million per season. The fact that it's owed to UKFI is irelevant becuase its still debt. 3 Charges Satisfied. Charge removed over Hillsborough. (I've logged on to Land Registry and can confirm this is a 100% fact) Share issue to translate UFKI's debt to equity. DEBT FREE - TUNA RICH Link to comment Share on other sites More sharing options...
Bluesteel Posted February 26, 2015 Share Posted February 26, 2015 I don't know what the debt situation is and those accounts arent an accurate reflection post takeover anyway. But if we are to get out of this league we won't be breaking even! You need an owner to cover the losses - at least some of it has to be converted to equity. I don't like the system but we can't really beat it Link to comment Share on other sites More sharing options...
Jeffjohnsonmyhero Posted February 26, 2015 Share Posted February 26, 2015 30 Million to inherit loan notes of 5.1 million and an overdraft of 1.6, he can't be a very good businessman if he thinks thats a good deal. Green with envy you piggy scum . Link to comment Share on other sites More sharing options...
Guest Hamy33 Posted February 26, 2015 Share Posted February 26, 2015 3 Charges Satisfied. Charge removed over Hillsborough. (I've logged on to Land Registry and can confirm this is a 100% fact) Share issue to translate UFKI's debt to equity. DEBT FREE - TUNA RICH The charges had to be removed to sell the club. Link to comment Share on other sites More sharing options...
Last_Great_Hope Posted February 26, 2015 Share Posted February 26, 2015 (edited) The charges had to be removed to sell the club. And you think the people / companies would allow the charges to be removed without being repaid? Edited February 26, 2015 by Last_Great_Hope Link to comment Share on other sites More sharing options...
Guest Deleted member Posted February 26, 2015 Share Posted February 26, 2015 The charges had to be removed to sell the club. Link to comment Share on other sites More sharing options...
Jennz Posted February 26, 2015 Share Posted February 26, 2015 I know. I read about it on the Internet. There's also a map at the library in town. Link to comment Share on other sites More sharing options...
Jeffjohnsonmyhero Posted February 26, 2015 Share Posted February 26, 2015 The charges had to be removed to sell the club. Be very careful with comments like that it could get you in a lot of trouble. Link to comment Share on other sites More sharing options...
Road Runner Posted February 26, 2015 Share Posted February 26, 2015 The charges had to be removed to sell the club. You said the new owner taking on these new charges... So which is it? Are they paid or unpaid. Link to comment Share on other sites More sharing options...
Guest Hamy33 Posted February 26, 2015 Share Posted February 26, 2015 Green with envy you piggy scum . Lets see how the new guy(s) has (have) financed their transaction before giving it large. if it's hard cash then great but if they've borrowed the cash we'll be up poo poo creek in no time. Link to comment Share on other sites More sharing options...
Last_Great_Hope Posted February 26, 2015 Share Posted February 26, 2015 Lets see how the new guy(s) has (have) financed their transaction before giving it large. if it's hard cash then great but if they've borrowed the cash we'll be up poo poo creek in no time. Whats with the "we"? Link to comment Share on other sites More sharing options...
Guest Hamy33 Posted February 26, 2015 Share Posted February 26, 2015 You said the new owner taking on these new charges... So which is it? Are they paid or unpaid. For them to be removed they have to be paid up in full. Link to comment Share on other sites More sharing options...
bradowl Posted February 26, 2015 Share Posted February 26, 2015 Lets see what the new guy sees it as, no club that loses on average 5 million a season is worth 30 million. 30 Million to inherit loan notes of 5.1 million and an overdraft of 1.6, he can't be a very good businessman if he thinks thats a good deal. F**kall, you lose money year in year out and you end up in debt borrowing money to cover the losses. You can use smoke and mirrors but but the fact is debt is piling up at around 5 million per season. The fact that it's owed to UKFI is irelevant becuase its still debt. If our new owner invests enough to get us into the Premier League and then maybe Europe his returns would be mega money. Link to comment Share on other sites More sharing options...
Guest Deleted member Posted February 26, 2015 Share Posted February 26, 2015 Whats with the "we"? He means because we will be in the Premiership before them Link to comment Share on other sites More sharing options...
Guest Hamy33 Posted February 26, 2015 Share Posted February 26, 2015 Whats with the "we"? Gunna be tears if we're financed by Debt. Link to comment Share on other sites More sharing options...
Paul.. Posted February 26, 2015 Share Posted February 26, 2015 Gunna be tears if we're financed by Debt. We? Link to comment Share on other sites More sharing options...
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