How much debt are we in?
Thu Jul 14, 2011 1:50 pm
A friend of mine today was insisting it is aprox £90 million now 
Can anyone confirm this? he did say we have a steady payment plan but was downright shocked to say the least
Can anyone confirm this? he did say we have a steady payment plan but was downright shocked to say the least
Re: How much debt are we in?
Thu Jul 14, 2011 2:02 pm
bluetooth25 wrote:A friend of mine today was insisting it is aprox £90 million now
Can anyone confirm this? he did say we have a steady payment plan but was downright shocked to say the least
your friend gets you every day
ask him if i can have half of what he has been taking.debt wise i doubt the club itself has more than £30m infact im sure its less, its mainly only the langston left as the rest has been refinanced and deals agreed. unless im missing something anyway
Re: How much debt are we in?
Thu Jul 14, 2011 2:12 pm
jezzy666 wrote:bluetooth25 wrote:A friend of mine today was insisting it is aprox £90 million now
Can anyone confirm this? he did say we have a steady payment plan but was downright shocked to say the least
your friend gets you every day
debt wise i doubt the club itself has more than £30m infact im sure its less, its mainly only the langston left as the rest has been refinanced and deals agreed. unless im missing something anyway
He just said we were in £70 mil debt around the end of the season, now they have given £20 mil for MM to spend
Re: How much debt are we in?
Thu Jul 14, 2011 2:30 pm
The £20m (if this IS the correct figure) is the annual wage and fee costs. I would suggest at an estimate with the new shares etc etc that have been introduced it is probably closer to £35-£40 odd million (if we count the Langston debt @ £24m)
I could be wrong though!
I could be wrong though!
Re: How much debt are we in?
Thu Jul 14, 2011 2:33 pm
and it also doesnt look like he will be taking into account any of the income, for next season.
the £20 mill budget is obviously based around how much the board expect to make. i doubt they would be giving us too much more than what we make
the £20 mill budget is obviously based around how much the board expect to make. i doubt they would be giving us too much more than what we make
Re: How much debt are we in?
Thu Jul 14, 2011 2:42 pm
jezzy666 wrote:and it also doesnt look like he will be taking into account any of the income, for next season.
the £20 mill budget is obviously based around how much the board expect to make. i doubt they would be giving us too much more than what we make
That's the way I see it. Season Tickets will be on sale again in February (only 6 months away) plus there is the match day, TV, Sponsorship and other income to come in.