Some odd statements.

"This loan should not produce any long-term instability for the club as the ground, against which the loan is secured, has little value beyond that of a sports stadium and is leased from Ipswich Borough Council."

Surely the value of the ground is the land itself, not the crappy stadium built upon it. That could easily be levelled.

Seriously though, most businesses service a reasonably large debt, so with low interest rates I don't think their situation is as parlous as it seems.

Posted By: yarmyyarmy, Sep 19, 13:45:36