debts

I'm afraid that those who think we can go into administration at the right time have missed something.Leeds & Ipswich do not own their ground but we do.Our loans will be secured on the ground.We cannot really go into administration since the ground would then be repossessed & sold for more flats I assume

Posted By: trickywinger on May 8th 2007 at 15:57:22

Message Thread

When you look at the board situation like this.... (NCFC) - Superstar D J, May 8, 14:36:46
- Im not saying it is amazing news but (NCFC) - grimsbycanary3, May 8, 14:40:02
  - Fair point but it is loan and not a gift (n/m) (NCFC) - Superstar D J, May 8, 14:43:41
    - Will be for tax reasons...... (NCFC) - Johnny Comecardiff, May 8, 14:48:54
    - thats what the board have said anyway (n/m) (NCFC) - grimsbycanary3, May 8, 14:44:19
      - but it is just £2 mill thats hardly going to set the cash register going off (NCFC) - Swiss Yellow, May 8, 14:51:02
        
        thats what ive just said (NCFC) - grimsbycanary3, May 8, 14:54:12
        
        I hope you are right that there is more money...but why pluck the 2 mill out of the air (NCFC) - Swiss Yellow, May 8, 14:58:57
        
        havent got a clue why 2 million (NCFC) - grimsbycanary3, May 8, 15:00:43
        
        I can't help but feel... (NCFC) - Swiss Yellow, May 8, 15:07:41
        
        i can't help but feel.... (NCFC) - megson, May 8, 15:35:22
        
        It's OK, Thorne's been released (n/m) (NCFC) - Steve in Holland, May 8, 14:53:45
        
        That'll cover the other 5mill of parachute payments then (NCFC) - Swiss Yellow, May 8, 15:00:18
      - they won't lie about that. It's possible that a warchest could appear at a later stage but (NCFC) - Steve in Holland, May 8, 14:48:31
        
        Don't worry about debt, we can just do what other football clubs do & go into admin it's (NCFC) - lovely old job, May 8, 14:51:20
        
        debts (NCFC) - trickywinger, May 8, 15:57:22
        
        Or we would sell the ground then go in admin (n/m) (NCFC) - DiscoDaleGordon, May 8, 16:06:21
        
        yep am sure it is a loan (NCFC) - grimsbycanary3, May 8, 14:50:04

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