No its not the article is once again complete tosh and waffle

Axa are an insurance Company (based in France by the way not Ipswich)
Towergate are a small acquisative Insurance Broker who happen to have a chairman who has a windfall of dosh because he sold some of his shareholding to avoid the new capital gains tax.
In the current credit crunch Axa are not making a profit on the existing loan and can make better use of the money elsewhere/want a greater level of return on their investment.

Posted By: biffbro on July 12th 2008 at 08:53:11

Message Thread

How did the board (NCFC) - dublinspants, Jul 12, 07:40:57
- I'm not surprised (NCFC) - commonsense, Jul 12, 08:46:31
  - Was the long-term debt with Norwich Union (NCFC) - dublinspants, Jul 12, 08:51:59
    - How do you know (NCFC) - commonsense, Jul 12, 09:01:18
      - If you're that interested (NCFC) - dublinspants, Jul 12, 11:29:56
      - "a throw away comment with little evidence" (NCFC) - Ken Dodds Dads Dog, Jul 12, 09:16:43
    - No because it was a bad debt which they would never get paid off (NCFC) - biffbro, Jul 12, 08:56:47
      - Well Cullum thought they would (NCFC) - dublinspants, Jul 12, 09:00:10
- like the way they listed thequestions (NCFC) - Tomblander, Jul 12, 07:45:19
  - It's also interesting that it appears that (NCFC) - dublinspants, Jul 12, 07:49:36
    - No its not the article is once again complete tosh and waffle (NCFC) - biffbro, Jul 12, 08:53:11
    - it is only "believed" they would call in the loan (NCFC) - Tomblander, Jul 12, 07:57:42
      - They'll be practicing their "secret" protest marches on the ground from the murderers (n/m) (NCFC) - biffbro, Jul 12, 08:58:03

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