Pretty much yes

Club's ethos is self sustaining and we all saw what happened to finances with the pandemic. Quite easy to borrow money up front when you backers are 'taps nose' swimming in money like Scrooge McDuck

Posted By: inutero on July 27th 2022 at 18:45:53

Message Thread

Newcastle to spend Prem money in advance......... (NCFC) - Larry Hagman, Jul 27, 16:05:34
- why would we need a loan to fund transfer spending we didn't want to make? (n/m) (NCFC) - CWC, Jul 27, 16:57:28
- The Norwich did do it (n/m) (NCFC) - SimonOTBC, Jul 27, 16:33:23
  - In 2019....but seemingly not in 2021 (NCFC) - SimonOTBC, Jul 27, 16:36:55
    - Have you just given me a virus? (NCFC) - jamesward, Jul 27, 16:41:36
      - No - it's a companies house link (n/m) (NCFC) - SimonOTBC, Jul 27, 16:41:54
        
        The last accounts showed a £20m advance (n/m) (NCFC) - Henclrikus, Jul 27, 23:31:21
        
        Go to "registration of charge" may 2019 (NCFC) - SimonOTBC, Jul 27, 16:42:57
        
        Nope (NCFC) - SCC 28, Jul 27, 16:53:01
- I thought lots of teams did this (NCFC) - jamesward, Jul 27, 16:31:04
- Because city are not as credit worthy as Newcastle (n/m) (NCFC) - inutero, Jul 27, 16:23:50
  - is that because like in personal finance (NCFC) - ghostof barry butler, Jul 27, 16:48:10
    - Pretty much yes (NCFC) - inutero, Jul 27, 18:45:53
    - Maybe they didn't want to pass that debt onto the baby fan generation (n/m) (NCFC) - MonkeyPuzzle, Jul 27, 16:51:26

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