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, Jul 11, 14:09:49