Preston Chairman
summit like ""Our debt is high, but was necessary in order to build the Pavillion 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 Jon Macken and David Healy. On this basis, our debt is simply not the millstone round our necks that some believe it to be. Plus, we're in the play offs and Norwich are s**te?
Posted By: pants on March 6th 2009 at 14:47:50
Message Thread
- Going back to the PNE surviving on 13k ST's or whatever. Anyone want a look at their accou (NCFC) - megson, Mar 6, 14:37:44
- preston chairman is like a gazzilionaire, doomy told me at squash (n/m) (NCFC) - lmc, Mar 6, 15:02:08
- I'm no accountant but it looks like 17m debt up from 6m last financial year (NCFC) - Cart Gap Disco, Mar 6, 14:56:19
- Preston Chairman (NCFC) - pants, Mar 6, 14:47:50
- Doomy said that they've got a rich backer (n/m) (NCFC) - Small, Mar 6, 14:51:30
- Trevor Hemmings (NCFC) - double hipness, Mar 6, 17:14:21
- I guess they're a bigger club as well (n/m) (NCFC) - pants, Mar 6, 14:56:30
- I like them guitars (n/m) (NCFC) - pants, Mar 6, 14:53:50
- Their shareholding looks increibly complex compared to ours (NCFC) - megson, Mar 6, 14:53:38
- lol. Was surprised to see those up there though. (NCFC) - megson, Mar 6, 14:51:00
- it's cos Preston are a PLC too (NCFC) - Ralf Scrampton, Mar 6, 15:07:30
- aye that's what i mean, thought most clubs would like to keep that secret (NCFC) - megson, Mar 6, 15:09:38
- it's cos Preston are a PLC too (NCFC) - Ralf Scrampton, Mar 6, 15:07:30
- Doomy said that they've got a rich backer (n/m) (NCFC) - Small, Mar 6, 14:51:30
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