We're in the money

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How much does that work out at then ?


I'd imagine the club will feels secure in spending the full whack of it's overdraft facility - £13M. Last *agm* in the tent suggested they weren't in the mood to burden the *company* with more debt. Little wonder there's been no movement until now. 48 hours indeed! :lol:
 
I'd imagine the club will feels secure in spending the full whack of it's overdraft facility - £13M. Last *agm* in the tent suggested they weren't in the mood to burden the *company* with more debt. Little wonder there's been no movement until now. 48 hours indeed! :lol:

Thats always been the way mate though hasnt it, our transfer buget has been linked to our overdraft, even in the days of Yobo signing permentently our overdraft was 5 mill and we used it on him, the following season i think we tried to get Sean Davies with it, Tim Cahill and Marcus Bent the season following that.

Nice its up to 13.5 mill, that a decent signing a season added to maybe the odd chang million.
 
Thats always been the way mate though hasnt it, our transfer buget has been linked to our overdraft, even in the days of Yobo signing permentently our overdraft was 5 mill and we used it on him, the following season i think we tried to get Sean Davies with it, Tim Cahill and Marcus Bent the season following that.

Nice its up to 13.5 mill, that a decent signing a season added to maybe the odd chang million.

We do have people like Robert Earl who could shoulder some financial burden. Hold on though, he let it be known he wouldn't advance loans to the club until a DK decision. Cant blame him like. He's down to his last £180M.
 
Sorry , and all , but why are having to borrow dough , in a age , when for the last few years the Sky cash has broke all records , an the only major signing in 2 years , was basically paid for by faddy and aj ??? And , after getting to an F.A. Cup Final , with three home sell - out's en route .
Where's the fukn wonga ???
 

We do have people like Robert Earl who could shoulder some financial burden. Hold on though, he let it be known he wouldn't advance loans to the club until a DK decision. Cant blame him like. He's down to his last £180M.

Really mate didnt hear that - have you a link, source?
 
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This actually explains why it has been a poor summer of which many have benoaned regarding no sugnings. We did not have the money which is what I have said time and again.

The fact that this coming credit is secured against future TV revenues would also iimply that technically the club is insolvent. To say we are in the money is thus somewhat of a misnomer.
 
Hmm thats interesting, cant say i blame him, but frustrating none the less as a fan - not the time to be increasing credit or your own personal liability - gives you a sense of what his intentions are for his (or Greens) shareholding.

We are certainly counting the cost of the call in IMO.

Bad medicine.
 

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