You wouldn't have got it but last nights EY was brilliant. If you are not made of stone it would move you.
You think its normal for a football club to take out 4 loans with 4 different companies in 12 months? A 2nd tier football club with one of the highest average gates in the league charging the highest prices? Even Bates didn't do that - and why put the FL League share up as security? You'd only do that if there was nothing else left to mortgage!! The fact that Davis Haigh seems to be doing it outside the GFH banner seems most peculiar.
1. Yes it is normal. 2. The fact we have the gate levels is why it is sustainable and most likely at a good rate (the areas with the rates seem to be blanked out, or I am to drunk to see them). 3. Bates did do it. And to be honest didn't do a bad job of it (granted he was a grade A cun*T). They have mortgaged something that is secure, which means better rates etc. 4. Is a lie, which company worth millions doesn't have a similar amount of "complex" accounts. Sustainable Loans & Investments. There is nothing wrong with anything that has been published, in fact, everything published could be a lot, lot, worse. It appears the owners have actual business sense for a change. Comapared to previous owners spilling dirty money into dirty players.
Do you see this bloke taking out all these loans http://www.bbc.co.uk/sport/0/football/24624615 Bet you wish it was him instead of these shysters
But then we look at JB and thank feck that although we may be skint at least some limited investment is taking place to gradually improve the product instead of doing nothing and waiting for relegation. You are happy with a couple of seasons in this league before going down. We at least want a sniff of going up, and year on year improvement.
The way I see it, there are two possible ways to look at this loan 1 at least it is basically within the gfh family so would not put club at risk in any way as loan would be simply re scheduled if any difficulties with it or 2 it is another clever bates type method so syphoning away money quickly out of club coffers before it is even earned. I personally think option is most likely or I hope so. However I know nothing of these matters like most
Just a loan from Haigh, same as Abramovich loaning money to Blue Scum ... paying off Compass loan is simply fixing another Bates travesty, giving away the ER catering to Compass and where did that money go? Bates caused us so much hassle with his thieving ... still suffering with the season ticket sales ... so far all we have seen from GFH is money going INTO the club to fix the damage Bates caused, and nothing going OUT of the club ... once all the Bates "deals" are settled, we will be in a strong position to properly fund the team ... GFH trying their best to fix the situation, but as we all knew from day one it needs around £80m to £100m for an instant fix, otherwise patience for now and lets see where we are come January.
No its not. If you pay off one loan with another one, you still have one loan. Better owe the money to a board member than an outside body as well. Will be eight points ahead ow wallyworld very shortly
