Ok, in 2000 I think the debt was 6m, and we financed a ?15m loan (which is considered
not debt because of the structured period of repayment)
By 2006 when Worthy left, the debt stood at something like ?18m. That's after the premier league dream pay out and parachute payments
By the time Roeder and Gunn were here, our CEO was only actioning loans as transfers, or was waging long battles with other clubs over players, which eventually fell through because we wouldn't match the price they were asking
In dropping to league one, it was seen that we were about 19m in debt with the structured ?15m loan in the background with 6 years left to pay)
So yeah, a promotional run from league one to the prem was great, and made us "debt free". But suggesting that it's been a smooth well run thing, is a little bit of a fantasy really. Up till promotion to the prem, we have and always have been in more debt than when Chase nearly 'destroyed us'
Posted By: pants on May 19th 2014 at 11:50:55
Message Thread
- All these lessons I've heard being learnt since 2000 (NCFC) - pants, May 19, 10:49:48
- the club is in a much better state than it was in 2000 (NCFC) - mr carra, May 19, 11:10:27
- What was the debt in 2000? (n/m) (NCFC) - pants, May 19, 11:17:19
- is that relevant? (NCFC) - mr carra, May 19, 11:33:24
- Ok, in 2000 I think the debt was 6m, and we financed a ?15m loan (which is considered (NCFC) - pants, May 19, 11:50:55
- Well. what all that shows is that since the new board has been in place (NCFC) - norway, May 19, 11:57:00
- I presented some details to what I think. You don't agree (NCFC) - pants, May 19, 12:14:05
- it's never going to be smooth (NCFC) - mr carra, May 19, 12:33:13
- I think the catchment area, and the loyalty of fans plays a massive part (NCFC) - pants, May 19, 12:45:18
- I did agree. (NCFC) - norway, May 19, 12:19:41
- it's never going to be smooth (NCFC) - mr carra, May 19, 12:33:13
- I presented some details to what I think. You don't agree (NCFC) - pants, May 19, 12:14:05
- Well. what all that shows is that since the new board has been in place (NCFC) - norway, May 19, 11:57:00
- Also football is a sport (NCFC) - norway, May 19, 11:36:01
- Ok, in 2000 I think the debt was 6m, and we financed a ?15m loan (which is considered (NCFC) - pants, May 19, 11:50:55
- is that relevant? (NCFC) - mr carra, May 19, 11:33:24
- What was the debt in 2000? (n/m) (NCFC) - pants, May 19, 11:17:19
- the club is in a much better state than it was in 2000 (NCFC) - mr carra, May 19, 11:10:27
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