The securitisation covers the gap...

They had to take out a loan to cover the costs of the Jarrold Stand as some of that income has not come in yet:
ie revenue from the hotel.
Further development land. Only portion of the development land has been sold so far. The club also acquired more land behind the Jarrold stand that it will sell for development in the future.

Once all this is done I would say that the Jarrold stand would be paid for several times over. We may have a cash-flow problem at the moment but there is plenty more coming in.

Posted By: Kangol Canary on August 10th 2006 at 13:09:00

Message Thread

Compare these two statements (NCFC) - dorset_canary, Aug 10, 11:37:55
- The securitisation covers the gap... (NCFC) - Kangol Canary, Aug 10, 13:09:00
- Both must be true (NCFC) - Winged Eel Creosote, Aug 10, 11:47:40
  - maybe that was a lie (n/m) (NCFC) - Dave in France, Aug 10, 11:50:30
    - Maybe? (NCFC) - Winged Eel Creosote, Aug 10, 11:51:12
  - BTW (NCFC) - Winged Eel Creosote, Aug 10, 11:50:14
    - You have mail (n/m) (NCFC) - dorset_canary, Aug 10, 12:21:25
- what's securitisation? (n/m) (NCFC) - Dave in France, Aug 10, 11:42:44
  - It's just a massive loan secured on your property like a mortgage. (n/m) (NCFC) - yarmyyarmy, Aug 10, 11:54:57
    - so couldn't the securitisation (NCFC) - Dave in France, Aug 10, 12:00:44
      - No. (NCFC) - InTheAbsenceOfAHorse, Aug 10, 12:28:08
  - It's when George W Bush locks a door (n/m) (NCFC) - Partial Angler, Aug 10, 11:43:55

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