...

£8.1 million of "7 per cent. preference shares". These shares ... will entitle MEI to receive from the Club ... a return (by way of dividend) of 7 per cent. per year (which will equate to approximately £564,000 per year), which will only be paid if the Club is legally and financially able to do so.

i guess that depends on what "legally and financially able to do so." means

Posted By: blindasabat on December 3rd 2007 at 17:29:40

Message Thread

Statement from Evans the Binman (Other Football) - BSE Canary, Dec 3, 16:59:18
- That's not from Evans the Bins, it's from Sheepy the Shagger (Other Football) - Old Git, Dec 3, 17:03:17
  - But, as I said below, £12Mis not a lot to do that. (n/m) (Other Football) - CB41, Dec 3, 17:09:43
    - Sheepy has said he will invest more money if he needs to! Also he can't sell our debt on (Other Football) - DUFFYIN, Dec 3, 17:12:16
  - Come on now! (Other Football) - BlueFury, Dec 3, 17:08:11
    - No, fair enough, I shouldn't think he would (Other Football) - Old Git, Dec 3, 17:21:48
      - Yep, he's not a fan though he claims to have attended matches (Other Football) - BlueFury, Dec 3, 17:27:54
        
        True (Other Football) - Old Git, Dec 3, 17:38:10
        
        I think we'll have to agree to disagree there... (Other Football) - BlueFury, Dec 3, 17:51:45
        
        I fail to believe Derby's money problems have just disappeared (Other Football) - pants, Dec 3, 17:58:51
        
        I don't to be honest. (Other Football) - BlueFury, Dec 3, 18:01:39
        
        you obviously missed the headlines about Derby being a target for takeover by Disney then (n/m) (Other Football) - blindasabat, Dec 3, 17:53:19
        
        I think they were just rumours... (Other Football) - BlueFury, Dec 3, 17:55:17
    - He gets a return of £600K a year (Other Football) - Jim, Dec 3, 17:13:20
      - Really How? (n/m) (Other Football) - BlueFury, Dec 3, 17:16:58
        
        ... (Other Football) - blindasabat, Dec 3, 17:29:40
        
        But he's paid out £20m in total... (Other Football) - BlueFury, Dec 3, 17:46:55
        
        except the bank wouldn't also owe him £32m (Other Football) - blindasabat, Dec 3, 17:52:23
        
        Well if we got promoted.. (Other Football) - BlueFury, Dec 3, 17:58:33
        
        if you really believe that your naivety is rather touching... (n/m) (Other Football) - blindasabat, Dec 3, 18:02:11
        
        Each to his own.... (Other Football) - BlueFury, Dec 3, 18:07:28
        
        So he must be looking for a bit more ... (Other Football) - Old Git, Dec 3, 17:50:50
        
        I think they can work together though... (Other Football) - BlueFury, Dec 3, 17:53:45
        
        it's early days for Mandaric at Leicester, but the Leicester fan at work is not a happy (Other Football) - blindasabat, Dec 3, 17:55:55
        
        Oh come on, it's black and white basab, the guy has just ploughed loads of free money in (Other Football) - pants, Dec 3, 17:44:02
      - It's a £20 million pound loan idiot! (n/m) (Other Football) - DUFFYIN, Dec 3, 17:14:29
    - Be well funny if he did though, eh? (n/m) (Other Football) - CB41, Dec 3, 17:10:32
      - Funny, but very unlikely! (n/m) (Other Football) - DUFFYIN, Dec 3, 17:13:08
      - Would be a bit of a shock! (Other Football) - BlueFury, Dec 3, 17:12:55
        
        And wages to match (n/m) (Other Football) - Old Git, Dec 3, 17:23:26
        
        That's true.. (Other Football) - BlueFury, Dec 3, 17:25:46
        
        Surely that £12M will have to cover current running losses (Other Football) - CB41, Dec 3, 17:16:03
        
        Hopefully we're not going for that sort of player.. (Other Football) - BlueFury, Dec 3, 17:21:39
        
        £12m is stated as to be spent on playing staff AND (Other Football) - Jim, Dec 3, 17:14:48
        
        i can't think of a club that couldn't do with £12m.. (Other Football) - BlueFury, Dec 3, 17:24:00
        
        It's good to get £12m (Other Football) - Old Git, Dec 3, 17:26:28
        
        I agree completely.... (Other Football) - BlueFury, Dec 3, 17:32:06
        
        You could have 4 Carl Robinsons for 200k (n/m) (Other Football) - Brom, Dec 3, 17:34:03
        
        Now THAT would be a good midfield! (Other Football) - BlueFury, Dec 3, 17:36:34
        
        You'd need 8 Carl Robinsons to have any sort of midfield at all (n/m) (Other Football) - Old Git, Dec 3, 17:38:42
        
        I'm no ITFC expert, but doesn't "exactly the same situation" = "shit creek, no paddle" ? (n/m) (Other Football) - Arizona Bay, Dec 3, 17:14:41
        
        Not if we've proved we can attact investment! (n/m) (Other Football) - BlueFury, Dec 3, 17:22:13
        
        ie it = Cardiff (n/m) (Other Football) - CB41, Dec 3, 17:16:34

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