Of course, your loan asset is only as good as the creditworthiness of the person you have

They are lending it to a football club.

Ergo, its a gift wrapped up as a loon.

Plus, is that money still in their account? Could they call it in today if they fancied a new Country Estate in deepest Darkest Kent?

Nope.
Is that simplistic? Yes, and I am fully aware of that.
I don't care though, they have put money into the football club, money it didn't have before.
Therefore, i'm grateful.

Posted By: megson on March 24th 2009 at 10:46:11

Message Thread

uh-oh, can't believe this hasn't been picked up on yet (NCFC) - Ralf Scrampton, Mar 24, 10:01:39
- See now I read that as... (NCFC) - Arganth, Mar 24, 10:10:06
  - I'll still be one them neanderthals (NCFC) - pants, Mar 24, 10:51:26
    - Just because you've heard it all before doesn't mean to say it's not true. (NCFC) - Arganth, Mar 24, 11:08:14
    - ?Our debt is high, but was necessary in order to build the Jarrold Stand (NCFC) - Old Git, Mar 24, 11:00:19
    - Not entirely sure what Alice in Wonderland has got to do with it all. (NCFC) - Arizona Bay, Mar 24, 10:59:50
      - lol (NCFC) - pants, Mar 24, 11:03:38
  - I don't think that's clear (NCFC) - duke of york, Mar 24, 10:15:40
    - It'll include the loans converted to shares, of course it will (NCFC) - megson, Mar 24, 10:22:42
      - Woah there boy (NCFC) - Old Git, Mar 24, 10:41:47
        
        Of course, your loan asset is only as good as the creditworthiness of the person you have (NCFC) - megson, Mar 24, 10:46:11
        
        Not forgetting the impact on taxation? (NCFC) - Tony Martin, Mar 24, 10:45:01
        
        So therefore, depending on how the tax works, it eitehr means (NCFC) - megson, Mar 24, 10:48:02
        
        precisely - why pay money to the taxman when the club could have the extra money (NCFC) - Tony Martin, Mar 24, 10:51:50
        
        Tax evader! (NCFC) - duke of york, Mar 24, 10:45:45
      - my problem isn't the loans into shares - and that's not the bit i expect to cause frothy-m (NCFC) - Ralf Scrampton, Mar 24, 10:30:34
        
        That's fair. I've choose to be an ostrich over this. (NCFC) - megson, Mar 24, 10:35:30
        
        agreed (n/m) (NCFC) - Yellalee, Mar 24, 11:10:13
        
        i think i'm fairly much with you on this (NCFC) - Ralf Scrampton, Mar 24, 10:39:59
        
        Indeed - mere pontification and we'll never know (NCFC) - duke of york, Mar 24, 10:37:38
        
        Totally agree with both of you. (NCFC) - Arganth, Mar 24, 10:39:26
      - Yes, I guess it's semantics (NCFC) - duke of york, Mar 24, 10:26:56
        
        Indeed! Even if they sold all their shares at the nominal 'value' (NCFC) - megson, Mar 24, 10:29:36
    - Sorry? (NCFC) - jayson blair, Mar 24, 10:22:42
      - Well, whenever we've been told (NCFC) - duke of york, Mar 24, 10:25:04
        
        I think it's probably somewhere in the middle. (n/m) (NCFC) - Arganth, Mar 24, 10:34:49
        
        It's interesting that (NCFC) - jayson blair, Mar 24, 10:34:02
        
        Which is the detail most fans don't get, or want to see (NCFC) - megson, Mar 24, 10:37:32
        
        I'm not suggesting anything (NCFC) - duke of york, Mar 24, 10:36:57
        
        so your statement (NCFC) - jayson blair, Mar 24, 10:46:39
        
        jayson (NCFC) - Old Git, Mar 24, 10:50:25
        
        Glad it's not just me (n/m) (NCFC) - duke of york, Mar 24, 10:51:31
        
        It may not have been 100% accurate (NCFC) - duke of york, Mar 24, 10:48:52
        
        That is correct (NCFC) - jayson blair, Mar 24, 11:12:12
        
        Can't give it up can you? (NCFC) - duke of york, Mar 24, 11:16:32
        
        Agreed, of course they haven't, they don't have that kind of cash (NCFC) - megson, Mar 24, 10:28:03
        
        And take into account the new football landscape (n/m) (NCFC) - duke of york, Mar 24, 10:29:03
        
        yup. WHich i hate BTW. I really really hate this. (NCFC) - megson, Mar 24, 10:32:29
        
        The new football landscape could have been painted by Turner. (n/m) (NCFC) - Arizona Bay, Mar 24, 10:32:25
        
        Or Vincent Van Persie (n/m) (NCFC) - malkybarkid, Mar 24, 10:33:24
        
        I heard my Mum say "shit" yesterday for the first time ever. (NCFC) - Arizona Bay, Mar 24, 10:37:25
        
        Why did she say it? (NCFC) - duke of york, Mar 24, 10:38:37
        
        She said "Fuck me Matthew, have you shit your pants?" (n/m) (NCFC) - malkybarkid, Mar 24, 10:42:21
        
        I'd probably pass out if she said that. (n/m) (NCFC) - Arizona Bay, Mar 24, 10:43:58
        
        Delicate little flower (n/m) (NCFC) - malkybarkid, Mar 24, 10:50:18
        
        Or 'soft cunt', as his Mum would say (n/m) (NCFC) - Old Git, Mar 24, 10:50:56
        
        I say. (n/m) (NCFC) - Arizona Bay, Mar 24, 11:00:48
        
        haha! (n/m) (NCFC) - malkybarkid, Mar 24, 10:54:12
        
        Oh, long story, she was quoting my Dad, who has dementia (NCFC) - Arizona Bay, Mar 24, 10:40:21
        
        Or Richard van Gough (n/m) (NCFC) - duke of york, Mar 24, 10:35:40
        
        Or Hertz van Rental (n/m) (NCFC) - Arganth, Mar 24, 10:38:18
        
        Or Juan Pablo Picasso (n/m) (NCFC) - malkybarkid, Mar 24, 10:37:39
        
        Or Matt Jackson Pollock (n/m) (NCFC) - malkybarkid, Mar 24, 10:38:21
        
        Or Trevor Francis Bacon (n/m) (NCFC) - malkybarkid, Mar 24, 10:39:54
    - ^^^ this is my reckoning too (n/m) (NCFC) - Ralf Scrampton, Mar 24, 10:21:22
- Yes, I was expecting that to be all over here when I just logged on (n/m) (NCFC) - duke of york, Mar 24, 10:06:04

Reply to Message

In order to add a post to the WotB Message Board you must be a registered WotB user.

If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.