?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.?

Posted By: Old Git on March 24th 2009 at 11:00:19

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

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