The debt to Ray Ranson

I see this debt hasn't reared its ugly head throughout these talks.

Anyone know anything about whats happening there...?

When the rumours started about the debts being paid off. It was suggested that Ransons would remain. Don't know why thought.

I always thought that Ransons debt would be paid back from a percentage of any transfer fee received.

When the rumours started about the debts being paid off. It was suggested that Ransons would remain. Don't know why thought.

Isn't it interest free and therefore if we don't sell anyone mortgaged to him then its not actually costing us anything.

I see this debt hasn't reared its ugly head throughout these talks.

Anyone know anything about whats happening there...?

Yes Allan Whitley said that wont be paid off until we sell players.

I see this debt hasn't reared its ugly head throughout these talks.

Anyone know anything about whats happening there...?

Yet another of the riddlers desperate idea's. But then again theres many that still linger today

No need for it to he paid off really, it doesn't gain interest.

So the club WONT be debt free even if this money is handed over..?

So the club WONT be debt free even if this money is handed over..?

No, not totally, but there is no interest on this loan.

So the club WONT be debt free even if this money is handed over..?

If it makes you happy Adam, so go and relax and have a good nights sleep.

So the club WONT be debt free even if this money is handed over..?

If it makes you happy Adam, so go and relax and have a good nights sleep.

Gwyn, just stating the facts as people want to know the truth.

So the club WONT be debt free even if this money is handed over..?

No, not totally, but there is no interest on this loan.

there maybe no interest but the initial loan is still a debt surely.

So the club WONT be debt free even if this money is handed over..?

No, not totally, but there is no interest on this loan.

there maybe no interest but the initial loan is still a debt surely.

Yes its still a debt, but the club only have to pay it back if they sell a player.

So the club WONT be debt free even if this money is handed over..?

No, not totally, but there is no interest on this loan.

there maybe no interest but the initial loan is still a debt surely.

Yes its still a debt, but the club only have to pay it back if they sell a player.

Is that 100% because surely a man of Ray Ransons business knowledge he would surely put another clause in the agreement just in case players didn't leave for a price..?

So the club WONT be debt free even if this money is handed over..?

No, not totally, but there is no interest on this loan.

there maybe no interest but the initial loan is still a debt surely.

Yes its still a debt, but the club only have to pay it back if they sell a player.

Is that 100% because surely a man of Ray Ransons business knowledge he would surely put another clause in the agreement just in case players didn't leave for a price..?

The Riddler done the deal and borrowed more on it. I can only tell you what Allan Whitley stated last week to us.

So the club WONT be debt free even if this money is handed over..?

No, not totally, but there is no interest on this loan.

there maybe no interest but the initial loan is still a debt surely.

Yes its still a debt, but the club only have to pay it back if they sell a player.

Is that 100% because surely a man of Ray Ransons business knowledge he would surely put another clause in the agreement just in case players didn't leave for a price..?

The Riddler done the deal and borrowed more on it. I can only tell you what Allan Whitley stated last week to us.

Annis

I agree with you on this - and that`s not a phrase I use often as you know.

The initial deal was great for them when Ridsdale signed it because it had a riculously high rate of interest - the debt went up by 50% in the year to 31 May 2011 even though it wasn`t in force for the whole year so the annual rate was even higher.

The renegotiated deal (I can only guess that they were pursuaded they didn`t have a cat in hell`s chance of getting their money back as an unsecured creditor no matter how much interest they charged) meant that the interest stopped but instead they could be repaid because they were given first charge over player transfer fees received - not control over who is sold or for how much, just the right to the money when received.

If the club now moves ahead with its plans to invest in a squad good enough to get to the Premier League , then players sold will not be missed that much as they will need to be replaced with better ones. If the plans don`t go ahead , then players will have to be sold as a cost cutting exercise so paying off one secured creditor up to £3.5m will be only one of a number of major issues to be dealt with.

On one of the topics that I disagree with tonight , what happened with the deletion of the Steve Borley thread where he said there is no truth in the Kenny Yeung story?

So the club WONT be debt free even if this money is handed over..?

No, not totally, but there is no interest on this loan.

there maybe no interest but the initial loan is still a debt surely.

Yes its still a debt, but the club only have to pay it back if they sell a player.

Is that 100% because surely a man of Ray Ransons business knowledge he would surely put another clause in the agreement just in case players didn't leave for a price..?

The Riddler done the deal and borrowed more on it. I can only tell you what Allan Whitley stated last week to us.

I understand that mate but no-one in their right mind would offer a loan to the Riddler for millions of pounds without having some kind of clause against the club.

Annis

I agree with you on this - and that`s not a phrase I use often as you know.

The initial deal was great for them when Ridsdale signed it because it had a riculously high rate of interest - the debt went up by 50% in the year to 31 May 2011 even though it wasn`t in force for the whole year so the annual rate was even higher.

The renegotiated deal (I can only guess that they were pursuaded they didn`t have a cat in hell`s chance of getting their money back as an unsecured creditor no matter how much interest they charged) meant that the interest stopped but instead they could be repaid because they were given first charge over player transfer fees received - not control over who is sold or for how much, just the right to the money when received.

If the club now moves ahead with its plans to invest in a squad good enough to get to the Premier League , then players sold will not be missed that much as they will need to be replaced with better ones. If the plans don`t go ahead , then players will have to be sold as a cost cutting exercise so paying off one secured creditor up to £3.5m will be only one of a number of major issues to be dealt with.

On one of the topics that I disagree with tonight , what happened with the deletion of the Steve Borley thread where he said there is no truth in the Kenny Yeung story?

Ray Ranson was an 'unsecured creditor..?' I'm absolutely stunned

So the club WONT be debt free even if this money is handed over..?

No, not totally, but there is no interest on this loan.

there maybe no interest but the initial loan is still a debt surely.

Yes its still a debt, but the club only have to pay it back if they sell a player.

Is that 100% because surely a man of Ray Ransons business knowledge he would surely put another clause in the agreement just in case players didn't leave for a price..?

I think it says in the accounts.
Would be foolish to pay it off in one lump when this money could be making interest in an account.

Most people have debts, that's not a problem, Langston and pmg are.

Ray Ranson is no problem at all, not even worth a mention.

So the club WONT be debt free even if this money is handed over..?

No, not totally, but there is no interest on this loan.

there maybe no interest but the initial loan is still a debt surely.

Yes its still a debt, but the club only have to pay it back if they sell a player.

Is that 100% because surely a man of Ray Ransons business knowledge he would surely put another clause in the agreement just in case players didn't leave for a price..?

I think it says in the accounts.
Would be foolish to pay it off in one lump when this money could be making interest in an account.

Most people have debts, that's not a problem, Langston and pmg are.

Ray Ranson is no problem at all, not even worth a mention.

Of course its worth a mention because it clearly means that the claim that the £100 million will clear all the debts is incorrect. Ask yourself this..? What else 'maybe' incorrect from what we have heard over the last few days..?

So the club WONT be debt free even if this money is handed over..?

If it makes you happy Adam, so go and relax and have a good nights sleep.

Gwyn, just stating the facts as people want to know the truth.

Did you tell them the truth up the Gurnos, and if so, did it help.

[quote="Angry Man"]

Of course its worth a mention because it clearly means that the claim that the £100 million will clear all the debts is incorrect. Ask yourself this..? What else 'maybe' incorrect from what we have heard over the last few days..?






I'm not sure what you've been reading but everything I've read said the club will be virtually debt free. There is a key word in there being virtually.

So the club WONT be debt free even if this money is handed over..?

No, not totally, but there is no interest on this loan.

there maybe no interest but the initial loan is still a debt surely.

Yes its still a debt, but the club only have to pay it back if they sell a player.

And we will still be accumulating debt year on year though yes?

currently £1.3 million a month and £15 million a year + whatever wages our new players get....

correct?

this debt free thing is nonsense.

Of course its worth a mention because it clearly means that the claim that the £100 million will clear all the debts is incorrect. Ask yourself this..? What else 'maybe' incorrect from what we have heard over the last few days..?



I'm not sure what you've been reading but everything I've read said the club will be virtually debt free. There is a key word in there being virtually.

Yes but don't let some factual detail stop a good conspiracy theory, glass half full, glass half empty, Angru midfield Adam, glass smashed.

Of course its worth a mention because it clearly means that the claim that the £100 million will clear all the debts is incorrect. Ask yourself this..? What else 'maybe' incorrect from what we have heard over the last few days..?



I'm not sure what you've been reading but everything I've read said the club will be virtually debt free. There is a key word in there being virtually.

Yes but don't let some factual detail stop a good conspiracy theory, glass half full, glass half empty, Angru midfield Adam, glass smashed.

Would you like to respnd to my post Gwyn - it seems to be conventiently ignored by the pro Malaysians

~Didnt think so

Carpet, under, sweep....

nothing?