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That doesn't bode well. If it was all smooth sailing he'd be happy to reassure fans.
whatever he said, it would be twisted to fit whatever view people already had anyway , so probably best to keep it zipped for now until after the gameThat doesn't bode well. If it was all smooth sailing he'd be happy to reassure fans.
And there's plenty on here who could do the same...I think it's absolutely right that he does nothing until after the game.
Converting the debt to equity would certainly make the balance sheet position stronger and it would demonstrate a commitment to the club by Acun.
Not saying you’re right or wrong Kalman but what makes you so sure?It would be but I’m 99.9% sure he won’t.
Not saying you’re right or wrong Kalman but what makes you so sure?
Not saying you’re right or wrong Kalman but what makes you so sure?
I don’t think it’s quite as simple as that, Acunmedya has combined turnover of $350 million per year and is continuing to grow, in that situation you tend to have lenders throwing money at you.City’s debt to Acun Medya is well over half of Acun Medya’s net worth. Plus, Acun Medya took a loan (or loans) out to buy and finance the club in the first place. If he writes off the debt City owe his company, Acun Medya still owes the money to the creditors.
City’s debt to Acun Medya is well over half of Acun Medya’s net worth. Plus, Acun Medya took a loan (or loans) out to buy and finance the club in the first place. If he writes off the debt City owe his company, Acun Medya still owes the money to the creditors.
To be fair to Kalman, the book value of a business can be described as net worth but you’re 100% correct re the figures being quoted they are what someone estimated Acun to be worth about 10 years ago, my guess is it’s wide of the mark and you’re also right with Turkish company data, it’s next to impossible to obtain anything meaningful.Net worth is a value of the assets of an individual, not a company. It's very difficult to find out what a Turkish company is worth, unlike here, accounts aren't a matter of public record and even if they were, I'm not sure they'd be entirely reliable.
Not going over French airspace!Acun on his way!
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Acun on his way!
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