No? what is it then?

If the debt isn't considered as part of the value, why would the buyer have to assume 100% of it?

Posted By: Worzel Scrimmage on March 1st 2009 at 20:49:13

Message Thread

People seem to think the board over valued the club (NCFC) - grimsbycanary3, Mar 1, 19:16:50
- I think regardless of what the terms of the debt are... (NCFC) - Dog, Mar 1, 19:18:55
  - exactly (NCFC) - grimsbycanary3, Mar 1, 19:20:51
    - The ?56 million was (NCFC) - Bryan Salad Surgery, Mar 1, 19:28:48
    - I believe ?16m was the figure the club gave (n/m) (NCFC) - Ben, Mar 1, 19:27:42
      - well doesnt sound too unreasonable does it? (n/m) (NCFC) - grimsbycanary3, Mar 1, 19:31:18
        
        It does to me (NCFC) - Ben, Mar 1, 19:41:39
        
        what have sheff weds just valued themself at (NCFC) - grimsbycanary3, Mar 1, 19:44:40
        
        if you value the club at 16mn and the buyer takes on the debt (NCFC) - Worzel Scrimmage, Mar 1, 19:51:30
        
        does the debt count towards the value? (n/m) (NCFC) - grimsbycanary3, Mar 1, 20:09:17
        
        Well if you're taking on ?20m debt as well then in effect you're spending ?36m (n/m) (NCFC) - Ben, Mar 1, 20:12:40
        
        yes you are spending that (NCFC) - grimsbycanary3, Mar 1, 20:24:04
        
        No? what is it then? (NCFC) - Worzel Scrimmage, Mar 1, 20:49:13
        
        Because that what the loan agreements say (NCFC) - Bryan Salad Surgery, Mar 1, 20:51:27
        
        We're talkign about whether the debt is considered part of the fucking value or not ffs (NCFC) - Worzel Scrimmage, Mar 1, 20:58:30
        
        Ah now I understand (NCFC) - Bryan Salad Surgery, Mar 1, 21:07:42
        
        what you have to pay for something and the value are two very different things (n/m) (NCFC) - grimsbycanary3, Mar 1, 21:02:49
        
        have a read of this (NCFC) - Worzel Scrimmage, Mar 1, 21:11:02
    - Correct. (n/m) (NCFC) - Dog, Mar 1, 19:22:42

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