posted Jan 7, 2009

Carrs:

Regarding debt, this is the only info. i get:

Amount due within 1 year - 26mil
Amount due between year 1 & 2 - 5.9mil
Amount due between year 2 & 5 - 11.2mil
Amount due after 5 - 8.4mil.

Best I can do.

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posted Jan 7, 2009

Carrs id imagine its the Stadium

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posted Jan 7, 2009

Cheers RB
I am curious as to who it's to. I know some but not all.

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posted Jan 7, 2009

Banks and overdrafts.

Anything Eddie lends us (or any other director) has to be shown under directors loans or it constitutes a conflict of interest.

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posted Jan 7, 2009

Carrs:

After further reading in the boring bits on page 30, there is a section entitled "Related party transactions".

Not much of interest here except a company called Moonshift Investments LTD of which Eddie is a Beneficiary.

They put up 7.5mil in guarantees of which 4.5mil was used and 2.3mil was paid back in the period. This capital was used to pay a "player success fee". Sounds dodgy to me!

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posted Jan 7, 2009

Cheers again RB
That's come via Bermuda !

With that give and take a couple of M just about accounts for it all now.

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posted Jan 7, 2009

pretty informative, i appreciate that clubs cant be completely open about figures but there should at least be some sort of official line fans deserve to know the state of their clubs finance

thanks anyway

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posted Jan 7, 2009

The debt position is interesting as it does not tell us how it is secured i.e. how much does Eddie guarantee (seperate to how much he has put in). In the past the excuse used to be that banks would not lend to football clubs due to uncertainty of income etc.

The longstanding stuff could be linked to the Stadium but I suspect the short term stuff must have some additional security attached to it.

I can only assume that Eddie has put up some sizable guarantees to allow the banks to lend more money hence the reason why we have had more cash to spend.

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posted Jan 7, 2009

CarrsPastie (U1856785)

That's come via Bermuda !

You know more than most then Carrs !

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posted Jan 7, 2009

White Barmy:

I have been a shareholder for 8 years and my father for 44 years before they came to me.

We bought the stadium land for cash 10 years before a brick was laid.

The stadium build costs were just over 30mil & we recovered 18mil from the sale of the Burnden Park site and the Bromwich street training ground site across the St Peters Way.

So I don't think we can owe too much on the stadium any more.

Our assets are very healthy and that is what banks consider when lending money.

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