Yes, although isn't that partly because ITFC was worth bog all?

I was actually surprised in that deal that the pension fund didn't acquire the debt. I assume they would as it provides an easy way to extract cash in the future, I guess they're looking to generate value by a future sale instead.

Anyway, if the debt is worth pennies in the pound, the equity must be worth even less, mustn't it? I agree he wouldn't hold the debt as a non-owner.

Posted By: SimonOTBC on January 21st 2022 at 13:57:27

Message Thread

See, how do we compete under our current structure.... (NCFC) - helvegtheowl, Jan 21, 12:24:51
- Maybe some of us dont want to compete in this game of..... (NCFC) - usacanary, Jan 21, 13:48:37
- Cashing in his loans for a higher % of the club. (NCFC) - usacanary, Jan 21, 13:47:39
  - if he was, wouldn't keeping it as debt be better? (n/m) (NCFC) - SimonOTBC, Jan 21, 13:49:19
    - You mean like Marcus Evans? (NCFC) - usacanary, Jan 21, 13:54:07
      - Yes, although isn't that partly because ITFC was worth bog all? (NCFC) - SimonOTBC, Jan 21, 13:57:27
- That says he capitalising loans (NCFC) - SimonOTBC, Jan 21, 13:29:31
- by raising ticket prices. That'll do it (n/m) (NCFC) - CWC, Jan 21, 13:20:06
- She’s gotta sell some more cookbooks (n/m) (NCFC) - Augustus Pablo, Jan 21, 13:00:34
- by beating them 2-1? (n/m) (NCFC) - Tombs, Jan 21, 12:42:40
- Or seriously, even ! (n/m) (NCFC) - helvegtheowl, Jan 21, 12:25:15

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