Well, they can't just change the terms of an agreement
But they most certainly will not be offering the same terms the next time. While the club does have assets they're not easily realisable and that's why a cash flow crisis could push us over the edge (and we have been there before - remember D&M had to stump up the fee for Robinson because we had no cash). Southampton also had assets and a single (non-bank) creditor pushed them into admin.
Posted By: BerlinCanary on May 13th 2009 at 21:38:05
Message Thread
- Can see this being a headline about Norwich next season.. (Other Sports) - Vivid Data Shark, May 13, 20:42:22
- No, I think the player fire sale and wage cuts will see us through next season (Other Sports) - BerlinCanary, May 13, 20:55:45
- debt for equity perhaps? (n/m) (Other Sports) - Ralf Scrampton, May 13, 21:00:08
- Yes, that's possible (Other Sports) - BerlinCanary, May 13, 21:04:20
- i think the potential is certainly there for us (Other Sports) - Ralf Scrampton, May 13, 21:17:51
- Well, they can't just change the terms of an agreement (Other Sports) - BerlinCanary, May 13, 21:38:05
- "they" being the banks? (Other Sports) - Ralf Scrampton, May 13, 21:46:03
- Yeah, I mean the banks as they own most of the debt (Other Sports) - BerlinCanary, May 13, 22:02:19
- scum did a deal with that part of Norwich Union who's name escapes me at the moment (Other Sports) - Ralf Scrampton, May 13, 22:10:25
- Morley Fund Management (n/m) (Other Sports) - Vivid Data Shark, May 13, 22:16:27
- thems the ones (n/m) (Other Sports) - Ralf Scrampton, May 13, 22:21:08
- Yeah there's the admin and then there's the deal with Evans (Other Sports) - BerlinCanary, May 13, 22:14:02
- Morley Fund Management (n/m) (Other Sports) - Vivid Data Shark, May 13, 22:16:27
- scum did a deal with that part of Norwich Union who's name escapes me at the moment (Other Sports) - Ralf Scrampton, May 13, 22:10:25
- Yeah, I mean the banks as they own most of the debt (Other Sports) - BerlinCanary, May 13, 22:02:19
- "they" being the banks? (Other Sports) - Ralf Scrampton, May 13, 21:46:03
- Well, they can't just change the terms of an agreement (Other Sports) - BerlinCanary, May 13, 21:38:05
- i think the potential is certainly there for us (Other Sports) - Ralf Scrampton, May 13, 21:17:51
- Yes, that's possible (Other Sports) - BerlinCanary, May 13, 21:04:20
- debt for equity perhaps? (n/m) (Other Sports) - Ralf Scrampton, May 13, 21:00:08
- No, I think the player fire sale and wage cuts will see us through next season (Other Sports) - BerlinCanary, May 13, 20:55:45
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