only partly

CITY ANNOUNCE £15 MILLION SECURITISATION

Posted on: Wed 17 Nov 2004
NORWICH CITY FOOTBALL CLUB today announced that it has agreed terms for a £15 million securitisation package to refinance the Club's existing debt and provide finance for the development of Carrow Road.

The loan, which is repayable over 15 years, is payable to the Club in two instalments of £7.5 million. The first instalment has been received by the Club already, with the next £7.5 million to follow when the Club agrees terms with RG Carter for the construction of the new South Stand. The first instalment of £7.5 million has been allocated as follows:

- £2 million filling the hole left by ITV Digital for season 2003/2004
- repaying £3 million of short to medium-term debt to Girobank, of which up to £1.75 million was repayable on demand
- repaying £0.75 million of other secured and unsecured Club debts
- covering £1.5 million of site development costs to-date

Posted By: Henclrikus on January 15th 2021 at 16:35:41

Message Thread

Neil Doncaster is trending on Twitter...... (Other Football) - megson, Jan 15, 14:35:15
- Having worked for some very large multi national companies (Other Football) - JoeyDeacon, Jan 15, 14:45:59
  - The Peter Principle (Other Football) - usacanary, Jan 15, 18:47:01
  - +1 (Other Football) - Old Man, Jan 15, 17:44:23
    - (+1 to the large companies bit; I tend to agree with Hendrikus re Doomy... (Other Football) - Old Man, Jan 15, 17:46:08
  - Do you work for me? (n/m) (Other Football) - Jumbo1, Jan 15, 15:06:20
    - Don’t work for a multinational any more (Other Football) - JoeyDeacon, Jan 15, 15:11:01
  - Of course (Other Football) - Henclrikus, Jan 15, 15:05:52
    - Doncaster left in 2009 when we hit our lowest point in modern history. (Other Football) - JoeyDeacon, Jan 15, 15:13:13
      - McNally sold frozen cakes. Some of his deals were shit (Other Football) - Henclrikus, Jan 15, 15:43:10
        
        No that was Mr Kipling (n/m) (Other Football) - JoeyDeacon, Jan 15, 15:47:56
    - I don't think Doncaster and McNally should be uttered in the same breath (Other Football) - SimonOTBC, Jan 15, 15:11:20
      - If you believe the narrative (Other Football) - Henclrikus, Jan 15, 15:33:51
        
        And, final point on this.... (Other Football) - SimonOTBC, Jan 15, 16:08:52
        
        And a final answer (Other Football) - Henclrikus, Jan 15, 16:20:21
        
        And Ben Godfrey (n/m) (Other Football) - SimonOTBC, Jan 15, 16:12:42
        
        It has nothing to do with "believing the narrative" (Other Football) - SimonOTBC, Jan 15, 16:02:51
        
        Facts - the debt was needed to build the stand (Other Football) - Henclrikus, Jan 15, 16:15:38
        
        The share issue of 2002 was to cover the collapse of ITV Digital (n/m) (Other Football) - JoeyDeacon, Jan 15, 16:20:01
        
        only partly (Other Football) - Henclrikus, Jan 15, 16:35:41
        
        Right, so where did the extra £8m come from by the time he left? (n/m) (Other Football) - SimonOTBC, Jan 15, 17:17:52
        
        so when you said "final point" up there?? (Other Football) - Henclrikus, Jan 15, 17:35:46
        
        You must be on the wind up if you think their eras and achievements are similar (Other Football) - SimonOTBC, Jan 15, 17:42:16
        
        there are facts that are not disputed (Other Football) - Henclrikus, Jan 15, 17:52:57
        
        But that's exactly it, I'm not cherry picking (Other Football) - SimonOTBC, Jan 15, 16:19:55
        
        Well summarised (n/m) (Other Football) - JoeyDeacon, Jan 15, 16:12:43
    - Agree re McNally (n/m) (Other Football) - JoeyDeacon, Jan 15, 15:08:47

Reply to Message

In order to add a post to the WotB Message Board you must be a registered WotB user.

If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.