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This 100m investment?!?!

Wed May 09, 2012 8:16 am

will this include the figure to pay off all our debts?

arent we approx 70m in debt? plus the cost of upgrading the facilities and the stadium, will there actually be any left for players/wages?

doesnt sound like suck a good deal to me

Re: This 100m investment?!?!

Wed May 09, 2012 8:28 am

Exactly, all this "historical debt" bullshit. Fans are brainwashed. Its simply profits protected against tax. Obscene amounts of cash are coming into the game. And even more obscene amounts are going out.

Who does our accounts? Enid Blyton?

Re: This 100m investment?!?!

Wed May 09, 2012 9:14 am

Unless they say this is a 'gift' to the club then treat it as an additional debt which will further burden the club unless it can reach the so-called promised land and looking at the teams that have so far been promoted this season Reading and Southampton were certainly not on anybody's radar as automatic promotion candidates, it was all about West Ham and Leicester, and look at the money Leicester have 'invested' during the last eighteen months on players and managers to end up in mid-table.

Re: This 100m investment?!?!

Wed May 09, 2012 9:18 am

SavetheBluebirds wrote:And even more obscene amounts are going out.

Who does our accounts? Enid Blyton?


You said it and with out that money we wouldn't have a Club to support . Fans having issues about Red should try and remember that feel

Re: This 100m investment?!?!

Wed May 09, 2012 9:46 am

smilebit wrote:
SavetheBluebirds wrote:And even more obscene amounts are going out.

Who does our accounts? Enid Blyton?


You said it and with out that money we wouldn't have a Club to support . Fans having issues about Red should try and remember that feel


"That money" - the only money thats come in was from the fans. Tan and other snake oil salesmen, its all the same.
Simply taking money out of the club via these so called "debt" devices. Like an extra 10m + added in the last accounts.

And yeah I did say it. Tan, Ridsdale and co its not real debt, its bullshit from them. Bullshit you are applauding.
Oh I'm sorry, were they gonna convert the stadium into a B&G or something to pay off these bullshit Enid Blyton debts?
Do you know anything about corporate insolvency? Either no, or you're working for Oily Vinny.

Its not debts, its simply pre-tax profiteering. .Fictional accountancy devices.
The idea that "we wouldnt have a club" is simply a gigantic lie. Designed to fool the most ignorant of the ignorant.

If you work for Tan, you should be ashamed of yourself.

Re: This 100m investment?!?!

Wed May 09, 2012 9:52 am

I'm sure the 70m debt would be massively reduced as people and business will take less for a lump sum.