Debt

Discussion in 'Bulletin Board ARCHIVE' started by The_Reds, Jan 15, 2007.

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  1. BFC Dave

    BFC Dave Well-Known Member

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    bang on !!!!

    sometimes it's better to owe £50 mill rather than £1m. The bank can cut their losses with the smaller debt.
     
    BFC Dave, Jan 15, 2007
    #21
  2. BFC Dave

    BFC Dave Well-Known Member

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    RE: I'll take this one...

    Club net indebtedness &pound;5m.</p>

    Oakwell community assets own the ground which was bought by &pound;2m each invested by PC and the council (&amp; loans of which most have been repaid)</p>
     
    BFC Dave, Jan 15, 2007
    #22
  3. Con

    Conkotyke Active Member

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    RE: I'll take this one...

    Ah ok. We need not be concerned bout Oakwell Community assets then. That should look after itself and cant get any further into debt. Also means that creditors of club cant touch the assets directly. hmmm. Sure its a complicated setup tho. Thanks for clarification.
     
    Conkotyke, Jan 15, 2007
    #23
  4. BFC Dave

    BFC Dave Well-Known Member

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    RE: I'll take this one...

    ahh... but not quite, the loans of &pound;1.5 m from PC and the council now attract interest and therefore OCA is now to charge rent to the football club to service this therefore increasing the expenses for the football club.</p>
     
    BFC Dave, Jan 15, 2007
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