stoney Posted December 1, 2010 Share Posted December 1, 2010 Yeah i notice that which is more shite because they budget for being 11th and out 1st round of the cups (which i posted up last week) Dont believe that for a second either, if the differance between top 6 and 7th is 1.3 millions pounds than i will happily have us finish 7th every season. Not sure what else they are going to do, although in three months we are due 11 million quid - We might be debt free by april Quote Link to comment Share on other sites More sharing options...
glasgowdon Posted December 1, 2010 Share Posted December 1, 2010 Yeah i notice that which is more shite because they budget for being 11th and out 1st round of the cups (which i posted up last week) Dont believe that for a second either, if the differance between top 6 and 7th is 1.3 millions pounds than i will happily have us finish 7th every season. Not sure what else they are going to do, although in three months we are due 11 million quid - We might be debt free by april Quote Link to comment Share on other sites More sharing options...
dave_min Posted December 1, 2010 Share Posted December 1, 2010 Not sure what else they are going to do, although in three months we are due 11 million quid - We might be debt free by april Here's hoping anyway Quote Link to comment Share on other sites More sharing options...
mizer Posted December 1, 2010 Share Posted December 1, 2010 I to am bemused by this 11million Quote Link to comment Share on other sites More sharing options...
stoney Posted December 1, 2010 Share Posted December 1, 2010 You know our loans due to be paid up in full by march 11 dont you? Quote Link to comment Share on other sites More sharing options...
Kowalski Posted December 1, 2010 Author Share Posted December 1, 2010 That'll be why they are renegotiating with the bank. Quote Link to comment Share on other sites More sharing options...
mizer Posted December 1, 2010 Share Posted December 1, 2010 You know our loans due to be paid up in full by march 11 dont you? I know we are due to pay the bank money, we are not due money! Quote Link to comment Share on other sites More sharing options...
stoney Posted December 1, 2010 Share Posted December 1, 2010 Debt due within one year (300) - (9700) (10000) Bank interest roll-up account - due within one year (1073) - (719) (1792) Quote Link to comment Share on other sites More sharing options...
stoney Posted December 1, 2010 Share Posted December 1, 2010 its the £1,792,000 in rolled up interest that worries me. Also the loan of £200,000 we have from teh SMG at 1.5% over the base rate of the RBS we are due to pay back. Quote Link to comment Share on other sites More sharing options...
glasgowdon Posted December 1, 2010 Share Posted December 1, 2010 You know our loans due to be paid up in full by march 11 dont you? Yea, I just didn't think we were able to do so. Quote Link to comment Share on other sites More sharing options...
Mentorred Posted December 1, 2010 Share Posted December 1, 2010 It is a catch 22. I can't see things improving under Mcghee. Will the bank allow us more time with falling attendences and a chance of Div 1 football next season. On the other hand will the bank support us if we spend more money on sacking another manager? Quote Link to comment Share on other sites More sharing options...
stoney Posted December 1, 2010 Share Posted December 1, 2010 I was just looking over the accounts from 2002 how have we managed to get ourselves in such a pickle? The loan back then was very managable Quote Link to comment Share on other sites More sharing options...
mini59dons Posted December 1, 2010 Share Posted December 1, 2010 I was just looking over the accounts from 2002 how have we managed to get ourselves in such a pickle? The loan back then was very managable It'll probably be because of the fans expectations to compete with the infirm that we speculated to accumulate, Badly! Not the fault of the board! Quote Link to comment Share on other sites More sharing options...
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