Wasnt it always going to be repaid on promo?

I seem to recall reading that somewhere, but its also fecking obvious that when flush with cash the club would pay down what is an expensive form of borrowing undertaken when they had few other options.

It wasnt an investment, it was club and fans both doing each other a favour. Bondholders have done v well out of the deal.

Posted By: CWC on May 1st 2019 at 18:50:27

Message Thread

Club are repaying bond early on 9th May... (NCFC) - loz, May 1, 16:23:02
- If you’d gone for the £2500 bond this decision costs minimum of £400 (NCFC) - admckechnie, May 1, 17:25:39
  - The whole of your investment was at risk (NCFC) - Azteca, May 1, 17:44:35
    - I was sceptical (NCFC) - camcan, May 1, 17:51:14
      - Exactly. Can't believe people are clubbing (n/m) (NCFC) - Azteca, May 1, 18:11:05
        
        *blubbing! (n/m) (NCFC) - Azteca, May 1, 18:11:22
  - Nothing to stop you investing money elsewhere for 4 years (n/m) (NCFC) - loz, May 1, 17:38:33
- I’m not happy about this. I am a bondholder but (NCFC) - admckechnie, May 1, 16:40:22
  - Doc, you’re missing the point (NCFC) - Old Git, May 1, 19:52:11
  - Not to forget the benefits of tickets to pre season friendlies etc.... (n/m) (NCFC) - admckechnie, May 1, 16:48:50
  - Huh...so take that bonus and compound the interest... (NCFC) - usacanary, May 1, 16:46:02
    - Huh? (n/m) (NCFC) - admckechnie, May 1, 16:48:03
  - Maybe! But that’s not the point! (n/m) (NCFC) - admckechnie, May 1, 16:42:01
    - Console yourself in the knowledge they're only able to do so because we're in a good place (NCFC) - Azteca, May 1, 16:43:55
      - But you lose out on 8% of your investment over next 2 yrs (n/m) (NCFC) - admckechnie, May 1, 16:46:10
        
        If only there was a way you could take that money.... (NCFC) - usacanary, May 1, 16:52:50
        
        None for certain - not at 8% otherwise why would investments (NCFC) - Men without hats, May 1, 16:58:14
        
        It WAS a gamble (NCFC) - Azteca, May 1, 17:20:13
        
        Not true (n/m) (NCFC) - admckechnie, May 1, 17:23:20
        
        It was made perfectly clear the money wasnt protected (NCFC) - Azteca, May 1, 17:25:08
        
        Wasnt it always going to be repaid on promo? (NCFC) - CWC, May 1, 18:50:27
        
        VERY UNLIKELY (NCFC) - admckechnie, May 1, 17:27:13
        
        Cut and paste fail (n/m) (NCFC) - admckechnie, May 1, 17:27:29
        
        I'd say (NCFC) - Azteca, May 1, 17:30:36
        
        Exactly (n/m) (NCFC) - admckechnie, May 1, 16:59:29
        
        With the bonus you're getting more overall (NCFC) - Azteca, May 1, 16:48:21
        
        You are missing the point.....I’m not disputing the bonus as a good thing (NCFC) - admckechnie, May 1, 16:58:50
        
        Pretty sure they said this is what would likely happen if we got promoted (NCFC) - mr carra, May 1, 17:29:47
        
        Think they should at least honour the free pre season friendly ticket (n/m) (NCFC) - trt354, May 1, 18:22:49
  - 3 years, wasnt it? (n/m) (NCFC) - Azteca, May 1, 16:41:23
- Yeah. Paid back in full two years early. +8% +25% promotion bonus. (NCFC) - Pixelman, May 1, 16:26:12
  - Don't make me go back and find my posts... (NCFC) - usacanary, May 1, 16:29:15
    - No One cares (n/m) (NCFC) - Daniel the Stallion, May 1, 16:42:47
    - Well done USACanary you deserve it (n/m) (NCFC) - Thegelman, May 1, 16:37:47
    - You know you want to ... (n/m) (NCFC) - Azteca, May 1, 16:33:39
      - As an attention whore I would prefer others to tell me how good I am.... (n/m) (NCFC) - usacanary, May 1, 16:37:12
  - 8% as cash?? (n/m) (NCFC) - Azteca, May 1, 16:28:27
    - 5 as cash; 3 as club credit. (n/m) (NCFC) - Pixelman, May 1, 16:38:17
      - Never did work out how to use that 3% (n/m) (NCFC) - Azteca, May 1, 16:41:55
        
        we never got it, it was only due to start this summer (with the first interest payment) (n/m) (NCFC) - s10 yellow, May 1, 18:16:43
        
        You will still get it. Says so in the TIfosy letter. (n/m) (NCFC) - Pixelman, May 1, 20:44:52
- and what will Loz be doing with his bonus may I be so bold as to ask? (n/m) (NCFC) - DrDublin, May 1, 16:25:11
  - Rubbing it on his tittie's... (NCFC) - usacanary, May 1, 16:30:25
    - I would have guessed cocktail's on a cruise ship somewhere! :) (n/m) (NCFC) - DrDublin, May 1, 16:32:14
      - Actually have two booked before the season starts. (NCFC) - usacanary, May 1, 16:35:53
        
        Jubbly. Double jubbers. (n/m) (NCFC) - DrDublin, May 1, 16:36:30
        
        The one in July is sweet. (NCFC) - usacanary, May 1, 16:47:40

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