Its not really a massive issue though, sadly

Once he has had enough, he either:

(a) sells up and someone comes in and wipes the debt (or rolls it over into new owner loans)

(b) puts club into admin, takes his losses to tax plan elseswhere, and club wipes the debt and starts the merry ground all over again. Not convinced clubs are sufficiently penalised for going into admin to make it a proper deterrent to racking up such huge debts. They could take a 10pt hit this year and still be ok.

Posted By: CWC on December 12th 2017 at 20:09:29

Message Thread

I see the Binners had their AGM last night. Nearly £100m in debt. (Other Football) - Azteca, Dec 12, 14:49:44
- *Noddy Holder voice* IT IS CHRISTTTTMASSSSDS (n/m) (Other Football) - MIKEWALKER, Dec 12, 15:56:06
  - ................. (Other Football) - Jumbo1, Dec 12, 16:03:03
- As long as evans doesn’t pull out it’s not an issue though. All of it is owed to him and (Other Football) - Steve in Holland, Dec 12, 15:00:18
  - It is a massive issue though. He isn’t rich enough to wipe £100m if Debt off (Other Football) - Tony Martin, Dec 12, 17:36:45
    - Its not really a massive issue though, sadly (Other Football) - CWC, Dec 12, 20:09:29
      - So it is a massive deal then. Billionaire take over or bust. (n/m) (Other Football) - Tony Martin, Dec 12, 22:22:10
  - thats some serious allegations (n/m) (Other Football) - ghostof barry butler, Dec 12, 15:56:57
    - Well it’s bringing up some allegations by others, yes (Other Football) - Steve in Holland, Dec 12, 16:08:36
      - I want the names of all the allegators first thing in the morning (n/m) (Other Football) - Tombs, Dec 12, 17:59:07
        
        Wally Gator, Tick-Tock and Alfy Gator (n/m) (Other Football) - WW2 News, Dec 12, 19:35:22
        
        Eric Gates, Paul Mariner and Dick Mills (n/m) (Other Football) - usacanary, Dec 12, 18:23:35
    - Oooh, let's sue. (n/m) (Other Football) - Garry Brooke, Dec 12, 16:01:33
      - Class action? I'm in,big Steve's gotta foo Bob itte? (n/m) (Other Football) - protheroe fitzgibbon, Dec 12, 18:13:42
      - let loose (n/m) (Other Football) - Jumbo1, Dec 12, 16:02:11
        
        I will later. (Other Football) - Garry Brooke, Dec 12, 16:04:42

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