Doomcaster speaks
"?Our debt is high, but was necessary in order to build the Jarrold Stand and to help us through the crisis caused by the collapse of ITV Digital. Debt repayments are entirely manageable because they are structured over 15 years. This contrasts with the lower level of debt that the club had in 1996, but which was on short-term overdraft with the bank. This meant that the bank could simply demand repayment in full as and when they liked, leading directly to the fire sales of Ashley Ward and Jon Newsome. On this basis, our debt is simply not the millstone round our necks that some believe it to be.?
7 December 2006
Posted By: Old Git on March 6th 2009 at 14:38:52
Message Thread
- I was thinking right. Considering that the board no longer have a long term strategy... (NCFC) - Cart Gap Disco, Mar 6, 14:19:58
- Seeing as we've pushed our debt up to 19m since our board have been here (NCFC) - pants, Mar 6, 14:28:45
- Nice idea but the ongoing collapse of global capitalism might make that a bit tricky (n/m) (NCFC) - Cart Gap Disco, Mar 6, 14:31:22
- Yeah, we did a great job of it before all that too (n/m) (NCFC) - pants, Mar 6, 14:33:17
- Doomcaster speaks (NCFC) - Old Git, Mar 6, 14:38:52
- Yebbut, that's right though isn't it? (NCFC) - megson, Mar 6, 14:44:57
- Or the infill (NCFC) - Old Git, Mar 6, 14:51:02
- Yes, that i totally agree with. I always thought the plan was to go up, have a go, but (NCFC) - megson, Mar 6, 15:08:03
- That loan was ?15m too (NCFC) - pants, Mar 6, 14:50:12
- Nothing to do with PNE this, jsut the structure of ours. (NCFC) - megson, Mar 6, 14:55:23
- Or the infill (NCFC) - Old Git, Mar 6, 14:51:02
- Yebbut, that's right though isn't it? (NCFC) - megson, Mar 6, 14:44:57
- Doomcaster speaks (NCFC) - Old Git, Mar 6, 14:38:52
- Yeah, we did a great job of it before all that too (n/m) (NCFC) - pants, Mar 6, 14:33:17
- Nice idea but the ongoing collapse of global capitalism might make that a bit tricky (n/m) (NCFC) - Cart Gap Disco, Mar 6, 14:31:22
- Possible. Incidentally, not once this season have the fans actually picked Ebbsfleet team (n/m) (NCFC) - Yellalee, Mar 6, 14:27:37
- Sack us all, sack us all, sack... (n/m) (NCFC) - Buckscanary, Mar 6, 14:45:55
- or ever from what I can gather (n/m) (NCFC) - Charles21, Mar 6, 14:37:34
- Yep (it's only been available this season I think) (n/m) (NCFC) - Yellalee, Mar 6, 14:38:53
- Seeing as we've pushed our debt up to 19m since our board have been here (NCFC) - pants, Mar 6, 14:28:45
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