Yeah, I mean the banks as they own most of the debt
If they agreed to a debt-for-equity deal then that would mean a renegotiation and I guess we don't really hold a strong hand... They'd have to think the equity would be a good deal (or at least better than us defaulting, which the club have always insisted we aren't in danger of doing) and who knows what the equity is worth right now. I don't know exactly how it worked for the Shite. If you're talking about Evans then he now owns the debt (?30+m?) although I'm not sure in what form.
Posted By: BerlinCanary on May 13th 2009 at 22:02:19
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
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.