Wednesday in debt

[Guest mkowl]

Yes I presumed that was the case re FFP 

 

I will go out on a limb and suggest that there isn't a bottomless pit of funds and thus normal business practices - ie financing the construction of capital assets is required as a result.

 

 

[@owlstalk]

 

Bit of a total non-story this one then.

[Guest Ash76]

Anybody that ever thought there was a bottomless pit of money is pretty naive 

[heppers]

2 hours ago, mkowl said:

I wouldn't say knickers twisting more intrigue. If this counts as expenditure outside of FFP why would you take a finance option if we are generally told it's the FFP limitations that stop funds going in.

 

No one pays interest voluntarily, no one takes charges against assets unless there is no option.

 

It may mean nothing - hopefully - it could be a first step towards a more general leveraging against assets - and that would be concerning. I Don't apologise given our history of getting a tad nervous at the first sign of security being lodged against assets however minor this currently is

 

Lot's of businesses choose to borrow money even though they have cash reserves.

 

Buying fixed assets out of working capital is not prudent.

 

Imagine if DC turned around and advised we had no money for wages because he had spent it on modular buildings.

 

The charge is simply on the modular buildings themselves. Same as if you buy a car on finance, the finance company have a charge on the car.

 

Other football clubs do the same - Reading Football Club being one of them. 

[Guest mkowl]

2 minutes ago, heppers said:

 

Lot's of businesses choose to borrow money even though they have cash reserves.

 

Buying fixed assets out of working capital is not prudent.

 

Imagine if DC turned around and advised we had no money for wages because he had spent it on modular buildings.

 

The charge is simply on the modular buildings themselves. Same as if you buy a car on finance, the finance company have a charge on the car.

 

Other football clubs do the same - Reading Football Club being one of them. 

Don't get me wrong on normal business lines I fully understand this 

 

 if we start borrowing against assets to fund day to day costs then will you allow me to worry

 

Its really nothing more than the memories of less than a decade ago and every small step can lead somewhere. Hopefully this is one step and stop

[Guest Hillsborough Mole]

9 hours ago, heppers said:

There are some right fannies on here.

 

 

 

Knicker elastic twanging over a loan from Close.

 

I remember Owlstalk being in uproar when Milan borrowed money and there was a charge placed on the ground.

 

Not sure I understand why it was so concerning back then - and so trivial now.

[Guest Ash76]

1 hour ago, Hillsborough Mole said:

 

I remember Owlstalk being in uproar when Milan borrowed money and there was a charge placed on the ground.

 

Not sure I understand why it was so concerning back then - and so trivial now.

 

And rightly so, that was our ground. This is a building which sits at the training ground

 

 

[@owlstalk]

 

Let's all be honest here..

It's a total non-story innit

 

 

[Guest Ash76]

It’s of interest, not anything to be concerned over 

Edited April 27, 2018 by Ash76

[np pontefract]

7 hours ago, Ash76 said:

Anybody that ever thought there was a bottomless pit of money is pretty naive 

 

It's not a bottomless pit of money, it's a 

            "Magic money Tree"

 

It must be true, because our Esteemed,  Prime Minister mentioned it !

 

                                       

[royalowlisback]

29 minutes ago, @owlstalk said:

 

Let's all be honest here..

It's a total non-story innit

 

 

You hinting that it's a total non-story then?

[Nero]

28 minutes ago, @owlstalk said:

 

Let's all be honest here..

It's a total non-story innit

 

 

Yep. It's purely financial structuring. Although that won't stop people who don't know anything about stuff like this making up theories.

[@owlstalk]

Just now, royalowlisback said:

You hinting that it's a total non-story then?

 

Kinda screaming it from the rooftops whilst looking at the huge balloon flying over us all that says 'THIS IS A NON STORY' all over it and being handed a free cake that has icing on the top saying 'THIS IS A NON STORY'

 

 

[royalowlisback]

Just now, @owlstalk said:

 

Kinda screaming it from the rooftops whilst looking at the huge balloon flying over us all that says 'THIS IS A NON STORY' all over it and being handed a free cake that has icing on the top saying 'THIS IS A NON STORY'

 

 

Is it a football cake though?

[Lichfield alien]

The head in the sand brigade are still expecting us to be in the market for some top players next season 

[Guest]

19 hours ago, Hillsborough Mole said:

 

I remember Owlstalk being in uproar when Milan borrowed money and there was a charge placed on the ground.

 

Not sure I understand why it was so concerning back then - and so trivial now.

 

You seem to be very negative in this thread and have completely ignored what appears to be the most thorough reasoning of what this amounts to from @heppers

 

Not sure I understand why you are taking that stance........

[heppers]

22 hours ago, Hillsborough Mole said:

 

I remember Owlstalk being in uproar when Milan borrowed money and there was a charge placed on the ground.

 

Not sure I understand why it was so concerning back then - and so trivial now.

 

There is no charge on the ground or the training ground.

 

Just a charge on some modular buildings and fittings.

[heppers]

On 27/04/2018 at 09:38, mkowl said:

Don't get me wrong on normal business lines I fully understand this 

 

 if we start borrowing against assets to fund day to day costs then will you allow me to worry

 

Its really nothing more than the memories of less than a decade ago and every small step can lead somewhere. Hopefully this is one step and stop

 

But that is not what we have done.

[Guest mkowl]

5 minutes ago, heppers said:

 

But that is not what we have done.

Hence the word IF 

[heppers]

1 hour ago, mkowl said:

Hence the word IF 

 

Not trying to contradict you. Sorry if it felt that way.

 

Just offering my opinion which is it is nothing to worry about. Well spotted though. It is interesting.