Some odd statements.
"This loan should not produce any long-term instability for the club as the ground, against which the loan is secured, has little value beyond that of a sports stadium and is leased from Ipswich Borough Council."
Surely the value of the ground is the land itself, not the crappy stadium built upon it. That could easily be levelled.
Seriously though, most businesses service a reasonably large debt, so with low interest rates I don't think their situation is as parlous as it seems.
Posted By: yarmyyarmy on September 19th 2005 at 13:45:36
Message Thread
- The scum are (Other Football) - legin ssargneerg, Sep 19, 13:21:22
- where has this been annouced? (n/m) (Other Football) - BSE Canary, Sep 19, 13:31:04
- Check this (Other Football) - Steve in Holland, Sep 19, 13:32:30
- Some odd statements. (Other Football) - yarmyyarmy, Sep 19, 13:45:36
- Yes but if they go down (a high possibility Imo) (Other Football) - Mitch mitchelson, Sep 19, 13:52:19
- My God they are in the poo! (n/m) (Other Football) - BSE Canary, Sep 19, 13:39:54
- Some odd statements. (Other Football) - yarmyyarmy, Sep 19, 13:45:36
- Check this (Other Football) - Steve in Holland, Sep 19, 13:32:30
- They should borrow the deficit of some kindly local business (Other Football) - The Judge, Sep 19, 13:23:24
- What's the financial turmoil next May? (Other Football) - pieman63, Sep 19, 13:23:23
- Sorry should say Day not May (n/m) (Other Football) - legin ssargneerg, Sep 19, 13:26:52
- haha might have to accept the 10 point deduction this time then? (n/m) (Other Football) - pants, Sep 19, 13:22:39
- where has this been annouced? (n/m) (Other Football) - BSE Canary, Sep 19, 13:31:04
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