Are you realy naive ?

Can you think of one kind of large-scale loan, where the lender doesn't insist on repayment of the loan if the capital goods being purchased with the loan are sold onto another party ?

It's written into the terms and conditions of any mortgage, any car loan etc etc.

It isn't a huge leap of faith to think that the lenders insert similar conditions into the T&Cs of the loans with the club.

I don't disagree that Cullum could refinance if he wished. It would, however, certainly be an entirely separate loan to that currently held.

Posted By: Arganth on July 11th 2008 at 14:09:49

Message Thread

It's all very easy. (NCFC) - Arganth, Jul 11, 13:07:36
- Sh*ttest analogy ever! (n/m) (NCFC) - Jim, Jul 11, 15:54:33
- Actually isn't it more like... (NCFC) - BerlinCanary, Jul 11, 13:32:35
- how do you know what was said in the negotiations arganth? (n/m) (NCFC) - phrankin, Jul 11, 13:22:18
  - How do you??? You're making out that new shares was Cullum's offer. (NCFC) - sheffieldcanary, Jul 11, 13:41:05
    - how else will he get investment into the club and control at the same time???? (NCFC) - phrankin, Jul 11, 13:50:45
      - So you have made it up! Brilliant, glad we cleared that up. (n/m) (NCFC) - sheffieldcanary, Jul 11, 14:01:23
    - i'm going to take a guess and say (NCFC) - blindasabat, Jul 11, 13:43:35
  - Have you worked out where you were going wrong with your shares idea yet? (n/m) (NCFC) - Yellalee, Jul 11, 13:23:08
    - nope the sharholders could have a new share issue of ?20,000,000 of shares (NCFC) - phrankin, Jul 11, 13:27:44
      - Except that the dilution is probably not an option. (NCFC) - Johnny Comecardiff, Jul 11, 13:32:45
        
        ... (NCFC) - phrankin, Jul 11, 13:35:14
        
        Now read them. (NCFC) - Johnny Comecardiff, Jul 11, 14:06:30
    - Nothing. (NCFC) - Johnny Comecardiff, Jul 11, 13:26:13
- but nobody knows the negotiated positions...clearly that and ?56m were the starting positi (NCFC) - Maillot Jaune, Jul 11, 13:17:33
- And the counter-offer? (NCFC) - BerlinCanary, Jul 11, 13:17:12
  - Well surely the price of the house takes into account the mortgage that has to be paid. (n/m) (NCFC) - Arganth, Jul 11, 13:20:43
    - Not in this case! (n/m) (NCFC) - phrankin, Jul 11, 13:22:38
      - EXACTLY in this case !!!! (NCFC) - Arganth, Jul 11, 13:25:39
        
        its bollocks - and could be renegotaited in fact (NCFC) - phrankin, Jul 11, 13:28:37
        
        Are you realy naive ? (NCFC) - Arganth, Jul 11, 14:09:49
        
        So you work high up in the bank that controls the loan and have seen the papers? (n/m) (NCFC) - sheffieldcanary, Jul 11, 13:42:23
        
        fuck me if a man worth 1.7 billion can't get a loan worth 20 million (n/m) (NCFC) - phrankin, Jul 11, 13:49:39
        
        I will not fuck you. You've tried a couple of times now. (n/m) (NCFC) - sheffieldcanary, Jul 11, 14:04:15
        
        why would a man worth 1.7 billion not be able to get a loan worth 20 million (n/m) (NCFC) - phrankin, Jul 11, 14:24:28
        
        Because he's investing it in a loss making, going nowhere fast PLC? (NCFC) - BerlinCanary, Jul 11, 14:47:31
        
        1.7 billion - 20 million (NCFC) - phrankin, Jul 11, 15:08:47
        
        *sigh* (n/m) (NCFC) - BerlinCanary, Jul 11, 15:46:38
- Do you love the house? (n/m) (NCFC) - pants, Jul 11, 13:14:30
  - It's very unhealthy to love anything other than another living creature. (n/m) (NCFC) - CB41, Jul 11, 13:15:43
- yes - I currently live in a cardboard box. (n/m) (NCFC) - lovely old job, Jul 11, 13:11:53
- Not bad S, not bad. Even I understooded it. (n/m) (NCFC) - malkybarkid, Jul 11, 13:08:31
  - Indeed, and it's surely not a good thing for any individual, (NCFC) - CB41, Jul 11, 13:12:23
    - CULLUM!!!!!!! (n/m) (NCFC) - Holden Caulfield, Jul 11, 13:18:43
      - .... (NCFC) - CB41, Jul 11, 13:23:07

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