So you spend that £20m, get relegated.Then you have £70m + interest defect instead of a

£50m one.

You struggle to meet that defecit, so you defer payments and/or borrow more money on top of that initial £20m. And so it goes.

Of course it's a way it can be done, I guess the board think 'been there, done that', and don't want to go there again.

I'm far from a numbers person so I've probably massively oversimplified, but I can really see why the club don't want to borrow large (for us) sums.

Posted By: Yellalee on July 13th 2020 at 22:15:56

Message Thread

Webber: Not lying on the football pitch hoping someone takes a picture of me crying (NCFC) - forzancfc, Jul 13, 19:02:36
- Yes, and rightly so! (n/m) (NCFC) - KevinBond, Jul 13, 22:43:26
- I wish someone would explain to me the following. When Webber (NCFC) - SeattleSounders, Jul 13, 22:01:53
  - lets get this straight...... (NCFC) - usacanary, Jul 13, 22:28:13
    - Your reply does not help me understand the specific (NCFC) - SeattleSounders, Jul 13, 22:29:57
      - Serious question..... (NCFC) - usacanary, Jul 13, 22:32:49
        
        your reply does not address the specific question so whatever. (n/m) (NCFC) - SeattleSounders, Jul 13, 22:34:09
  - So you spend that £20m, get relegated.Then you have £70m + interest defect instead of a (NCFC) - Yellalee, Jul 13, 22:15:56
    - Where are you getting the 50 million deficit? And isn't that (NCFC) - SeattleSounders, Jul 13, 22:19:16
      - If we get relegated we don't get 175m (NCFC) - Yellalee, Jul 13, 22:22:56
        
        The wage bill should be hugely reduced. We've been told (NCFC) - SeattleSounders, Jul 13, 22:25:46
        
        I'm going to leave this to someone who knows the numbers tbh (NCFC) - Yellalee, Jul 13, 22:32:29
        
        Yep. Bed time there. Meat of the day here. (n/m) (NCFC) - SeattleSounders, Jul 13, 22:36:01
        
        facts.... Webber said we would be probably 20M in the hole next season... (NCFC) - usacanary, Jul 13, 22:31:13
        
        I did not hear him say that included parachute payments. (NCFC) - SeattleSounders, Jul 13, 22:33:27
    - Defecit, not defect obvs (n/m) (NCFC) - Yellalee, Jul 13, 22:16:39
  - Is borrowing very smart if we’re not guaranteed premier league though tbh? (n/m) (NCFC) - essexcanaryOTBC, Jul 13, 22:11:09
    - Im saying we are guaranteed what 175million in future payments? (NCFC) - SeattleSounders, Jul 13, 22:17:25
- I don’t know if it’s a dig at Todd (NCFC) - SimonOTBC, Jul 13, 19:10:26
  - He has said it’s his fault. But he didn’t want to gamble the club’s future (NCFC) - essexcanaryOTBC, Jul 13, 20:22:34
- Or trying to divert attention from his piss poor recruitment (n/m) (NCFC) - colincanary, Jul 13, 19:06:58
  - Spent the first 5 minutes banging on about how badly he got it wrong (NCFC) - FreshBlood, Jul 13, 20:22:46
    - Is this a different interview to Pinkun one? (NCFC) - Merrysummer, Jul 13, 20:30:14
      - Yeah no regrets in gambling the with the club's financial stability (NCFC) - Allen, Jul 13, 20:45:57
        
        All on red. No black. No red (n/m) (NCFC) - essexcanaryOTBC, Jul 13, 22:11:42
        
        Two different interviews. Seems I watched the NCFC one... (NCFC) - Merrysummer, Jul 13, 22:00:17
        
        It’s ok Webber said blame him not the manager or players. Because SW doesn’t read social (NCFC) - essexcanaryOTBC, Jul 13, 22:12:24
        
        Just turning up and taking the cash with no chance to stay up. (NCFC) - bobble, Jul 13, 21:59:57
        
        Where's the money gone, eh?? Where's the money gone??!! (n/m) (NCFC) - Yellalee, Jul 13, 22:34:25
        
        within 3 years the club has gone from being a basket-case to wealthy (NCFC) - Worzel Scrimmage, Jul 13, 22:32:24
        
        They said the same about mcnasty during his tenure. (NCFC) - Men without hats, Jul 13, 21:14:16

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