New owner confirmed…
- Thread starter Hutch-tiger69
- Start date
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How do you know it is a debt to a financial institution?
If Bill Gates or Jeff Bezos bought us you would still be saying we are in debt by your logic.
What are you on about? What financial institution are we in debt to? Acun's firm? Probably the only club not in debt to a financial institution in the PL or Championship are Norwich.
Going by what you are saying we shouldn't be celebrating as we are no better off than we were before.
Where did I say that? All I said was we still have a debt, contrary to what Urika seems to think.
Debt isn't inherently bad.
Where did I say that? All I said was we still have a debt, contrary to what Urika seems to think.
Debt isn't inherently bad.
Urika said the Allams sold the clubmdebt free. Are you saying that is incorrect?
Of course it was incorrect!! They didn't write off all the debt and give the club to Acun for free!!
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Because the cleared debt (whatever the final amount was) was simply replaced by a debt (of £20 to 30 mill) owed to Acun Media. That is what the balance sheet will show; 99+% certain. Don't believe me, then let's just wait until the next accounts are published. It really isn't complicated! Allam is once again twisting reality to suit his warped arrogant deluded mind, and unfortunately some continue to fall for it.
Its not us that doesn't get it.... Take your allam hating blinkers off and read the posts that have been made by those who know how finance works. The club might be debt free, it all depends how it's all been financed.
So, by your logic if Acun bought the club for £30 million and after bringing us a few years of great success sells us for £150 million you will say he has increased our debt by £120 million?
I'm not saying anything about the future!! Just the here and now, and Allams BS
I do know a fair bit about finance. It won't be financed as debt free. TWT.
So, what you say is happening now won't apply if the Allams aren't involved?
For the umpteenth time it is perfectly feasible that Allams statement the club was debt free when they sold it is completely true.
Unless acun has paid cash out his own back pocket then there's obviously a debt somewhere BUT it may not be attached to the club and if it isn't the club would be DEBT FREE
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