by KeithMalone » 04 Jul 2016, 19:12
Yes, they have. But my understanding is that this is by way of a loan so whether or not the deal goes through, they will want their money back. Plus a favourable interest rate, no doubt !
I really hope they are charging interest because look where this club got with Thea not doing so. This club needs to stand on its two feet regards delivering as much income as it is spending out, otherwise we will never be successful. Realistically we will never have somebody come in and buy the club and splash cash around, nor would I want it that way. We need to get back to a Bateson-esque regime whereby this club exists for the most part in the black and isn't requiring rescue packages as it is when you put yourself in such situations that you leave yourself open to asset strippers.
I am unsure if this bunch are asset strippers but given they are keeping the club alive at present we don't have much choice, all we can do is support the club and in doing so put it in a position where it is in the black as doing means any business investor, no matter their history, will bin off something that is making them a few quid.
[quote]Yes, they have. But my understanding is that this is by way of a loan so whether or not the deal goes through, they will want their money back. Plus a favourable interest rate, no doubt ![/quote]
I really hope they are charging interest because look where this club got with Thea not doing so. This club needs to stand on its two feet regards delivering as much income as it is spending out, otherwise we will never be successful. Realistically we will never have somebody come in and buy the club and splash cash around, nor would I want it that way. We need to get back to a Bateson-esque regime whereby this club exists for the most part in the black and isn't requiring rescue packages as it is when you put yourself in such situations that you leave yourself open to asset strippers.
I am unsure if this bunch are asset strippers but given they are keeping the club alive at present we don't have much choice, all we can do is support the club and in doing so put it in a position where it is in the black as doing means any business investor, no matter their history, will bin off something that is making them a few quid.