But in any case, it’s the other way round

The parachute payments have to be used to pay off the loans as they are secured.

The cash we are generating now is to pay the difference between turnover and expenditure for this coming season

Posted By: SimonOTBC on September 2nd 2023 at 00:12:29

Message Thread

So 40m in revenue? And no spends? (NCFC) - Lager top, Sep 1, 23:46:45
- Even with last of prem cash? (NCFC) - Lager top, Sep 1, 23:56:06
  - We’ve already spent that (n/m) (NCFC) - CWC, Sep 2, 00:19:04
- We have to pay £43.9m loan in full next March. Just popping this in the bank now for some (NCFC) - thirsty work, Sep 1, 23:52:13
- Paying off the £65m loan (n/m) (NCFC) - jamesward, Sep 1, 23:50:42
  - That’s covered by parachute payments (NCFC) - SimonOTBC, Sep 1, 23:55:09
    - Parachute payments won’t even cover the yearly running costs. (n/m) (NCFC) - thirsty work, Sep 2, 00:03:26
      - But in any case, it’s the other way round (NCFC) - SimonOTBC, Sep 2, 00:12:29
      - I don’t think that would be true of this season (NCFC) - SimonOTBC, Sep 2, 00:06:27
    - Well. Interest is high now so loans bad, cash reserves good. (NCFC) - Legacy Fan, Sep 1, 23:56:37
      - The loans are fixed rate, so not impacted by economic climate (n/m) (NCFC) - SimonOTBC, Sep 2, 00:05:35
        
        No but holding cash still more attractive and can help toward interest payments (n/m) (NCFC) - Legacy Fan, Sep 2, 00:45:19
        
        Just looked at the pinkun forum (NCFC) - fleckmatic, Sep 2, 00:13:28

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.