Not that I'm aware of.Claim !!!!!
Do you have fairies at the end of your garden mate ?
Any idea what the additional 365M expenditure per year relates to?
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Not that I'm aware of.Claim !!!!!
Do you have fairies at the end of your garden mate ?
You know this as fact ?Not that I'm aware of.
Any idea what the additional 365M expenditure per year relates to?
That's only one year. Once the ground is done, we won't need that 250m a year (but will be paying back debt on it yes).£250 mill for the future ground costs, + the wage bill, + interest costs 10-15% on £300 mill of external debt on our existing loans, its very possible mate.
In some circumstances it can result in a reduction in total debt. Doesn't seem likely in our case.
Do I know what as a fact?You know this as fact ?
Please enlighten us.
He's basing that on the 1m per day estimated in the article.You know this as fact ?
Please enlighten us.
One has to ask that if administration was so inevitable, why would 777 be looking to buy the club now. Surely they would be better to wait for administrators to step in at which point it would be a fire sale and they would get the club for next to nothing with debts settled and a clean start albeit in the Championship.
If the club goes into administration the administrators may choose to sell assets to reduce liabilities or provide future working capital, also the administrators may take the extreme move of winding the company up which would mean that all assets would be used to pay secured creditors and anything left over would likely be needed to settle with unsecured creditors. This could include the stadium project. Getting in before them allows the owner to act with the assets in place and make decisions. Clearly the stadium would be a big part of the appeal of buying. Plus 777 would want the club in the prem, a points deduction for the club puts that in jeapordyIndeed.
As a mere lay person in these matters, that would seem a no brainer.