| As of today 16:33 - Aug 28 with 2775 views | stewartm |
Anyone who reckons ME is the saviour of Ipswich Town should at least be able to explain ITFC nearly £100,000,000 of debt (bearing in mind ITFC is only a league one outfit)! |  |
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| As of today on 16:36 - Aug 28 with 1540 views | Marshalls_Mullet |
Its internal debt owed to Marcus Evans.
Its been built up over a decade.
It includes the original £30m of 'debt' when club bought (although ME bought debt for £6m).
Its basically used for operational / accountancy purposes.
I would be a lot more concerned if it was owed to a bank! |  |
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| As of today on 16:36 - Aug 28 with 1535 views | wkj |
Debt to a chairman who doesn't expect to recuperate that is much more favourable than debt to HMRC or externals who do [Post edited 28 Aug 2019 16:38]
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| As of today on 16:38 - Aug 28 with 1517 views | stewartm |
| As of today on 16:36 - Aug 28 by Marshalls_Mullet |
Its internal debt owed to Marcus Evans.
Its been built up over a decade.
It includes the original £30m of 'debt' when club bought (although ME bought debt for £6m).
Its basically used for operational / accountancy purposes.
I would be a lot more concerned if it was owed to a bank! |
Well the original £30 mill is owed to a bank I thought? What is a 'hair in my throat' is the dark aged peasants that think this money is coming out of ME's own pocket ! nothing to do with the constant swelling of debt is a huge percentage of ME's interest payments..... | |
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| As of today on 16:40 - Aug 28 with 1498 views | stewartm |
| As of today on 16:36 - Aug 28 by wkj |
Debt to a chairman who doesn't expect to recuperate that is much more favourable than debt to HMRC or externals who do [Post edited 28 Aug 2019 16:38]
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I got to De then just had to reply with the same BS... | |
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| As of today on 16:40 - Aug 28 with 1495 views | wkj |
| As of today on 16:38 - Aug 28 by stewartm |
Well the original £30 mill is owed to a bank I thought? What is a 'hair in my throat' is the dark aged peasants that think this money is coming out of ME's own pocket ! nothing to do with the constant swelling of debt is a huge percentage of ME's interest payments..... |
You seem to have created some new facts on the situation at hand | |
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| As of today on 16:41 - Aug 28 with 1488 views | artsbossbeard |
You little tinker, you. |  |
| Please note: prior to hitting the post button, I've double checked for anything that could be construed as "Anti Semitic" and to the best of my knowledge it isn't. Anything deemed to be of a Xenophobic nature is therefore purely accidental or down to your own misconstruing. | | Poll: | Raining in IP8 - shall I get the washing in? |
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| As of today on 16:41 - Aug 28 with 1486 views | stewartm |
| As of today on 16:40 - Aug 28 by wkj |
You seem to have created some new facts on the situation at hand |
If you really think ME is paying out of his own pocket rather than just prolonging the debt with more loans and interest repayments then you are truly deluded. | |
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| As of today on 16:42 - Aug 28 with 1482 views | MrTown |
His debt isn't really owed to anyone, the way to look at it is he just makes smaller profits from his other aspects of his busienss empire.
His net worth has grown over the last decade. I don't think he has debt so called, just makes smaller profits because he fills the hole of ITFC losses each year.
Don't think the club has any legal obligation to the capital provided by Evans, could well recoup a percentage on sale.
Sh*t we'd be struggling without him though. [Post edited 28 Aug 2019 16:45]
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| As of today on 16:42 - Aug 28 with 1476 views | wkj |
| As of today on 16:41 - Aug 28 by stewartm |
If you really think ME is paying out of his own pocket rather than just prolonging the debt with more loans and interest repayments then you are truly deluded. |
I am unsure of where I said any of that, I simply said I am much more comfortable knowing our debts are not owed to the HMRC or externals | |
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| As of today on 16:43 - Aug 28 with 1463 views | artsbossbeard |
| As of today on 16:41 - Aug 28 by stewartm |
If you really think ME is paying out of his own pocket rather than just prolonging the debt with more loans and interest repayments then you are truly deluded. |
How does it all work then, Sheldon? | |
| Please note: prior to hitting the post button, I've double checked for anything that could be construed as "Anti Semitic" and to the best of my knowledge it isn't. Anything deemed to be of a Xenophobic nature is therefore purely accidental or down to your own misconstruing. | | Poll: | Raining in IP8 - shall I get the washing in? |
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| As of today on 16:45 - Aug 28 with 1450 views | stewartm |
| As of today on 16:42 - Aug 28 by wkj |
I am unsure of where I said any of that, I simply said I am much more comfortable knowing our debts are not owed to the HMRC or externals |
Ok, but how long before we owe to HMRC. Once the pretend money runs out and ITFC cannot pay ME's interest payments then HMRC will be not getting paid. | |
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| As of today on 16:45 - Aug 28 with 1451 views | PrideOfTheEast |
| As of today on 16:41 - Aug 28 by stewartm |
If you really think ME is paying out of his own pocket rather than just prolonging the debt with more loans and interest repayments then you are truly deluded. |
So what do you think is happening then?
Let's talk actual cash that goes to the players each month. Who is funding that? |  | | |
| As of today on 16:45 - Aug 28 with 1435 views | PrideOfTheEast |
| As of today on 16:45 - Aug 28 by stewartm |
Ok, but how long before we owe to HMRC. Once the pretend money runs out and ITFC cannot pay ME's interest payments then HMRC will be not getting paid. |
Just so I'm clear the players are being paid in monopoly money? | | | |
| As of today on 16:46 - Aug 28 with 1425 views | artsbossbeard |
| As of today on 16:45 - Aug 28 by PrideOfTheEast |
So what do you think is happening then?
Let's talk actual cash that goes to the players each month. Who is funding that? |
Remember wages don't count, silly.
It's all about spunking millions on transfer fees. | |
| Please note: prior to hitting the post button, I've double checked for anything that could be construed as "Anti Semitic" and to the best of my knowledge it isn't. Anything deemed to be of a Xenophobic nature is therefore purely accidental or down to your own misconstruing. | | Poll: | Raining in IP8 - shall I get the washing in? |
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| As of today on 16:47 - Aug 28 with 1420 views | stewartm |
| As of today on 16:43 - Aug 28 by artsbossbeard |
How does it all work then, Sheldon? |
Read the original post again but please do not write 'Marcus using his money because he is a saviour' or something to that extent because I will not read it and spit my dummy out even further... | |
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| As of today on 16:47 - Aug 28 with 1414 views | wkj |
| As of today on 16:45 - Aug 28 by stewartm |
Ok, but how long before we owe to HMRC. Once the pretend money runs out and ITFC cannot pay ME's interest payments then HMRC will be not getting paid. |
How long depends on when ITFC stop paying taxes, no suggestion of that being the case at the moment. | |
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| As of today on 16:47 - Aug 28 with 1411 views | stewartm |
| As of today on 16:46 - Aug 28 by artsbossbeard |
Remember wages don't count, silly.
It's all about spunking millions on transfer fees. |
people who buy football tickets FFS | |
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| As of today on 16:49 - Aug 28 with 1400 views | artsbossbeard |
| As of today on 16:47 - Aug 28 by stewartm |
Read the original post again but please do not write 'Marcus using his money because he is a saviour' or something to that extent because I will not read it and spit my dummy out even further... |
You need to check your blood pressure and then calmly explain how it all works as your Op actually doesn't. | |
| Please note: prior to hitting the post button, I've double checked for anything that could be construed as "Anti Semitic" and to the best of my knowledge it isn't. Anything deemed to be of a Xenophobic nature is therefore purely accidental or down to your own misconstruing. | | Poll: | Raining in IP8 - shall I get the washing in? |
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| As of today on 16:49 - Aug 28 with 1395 views | stewartm |
| As of today on 16:45 - Aug 28 by PrideOfTheEast |
So what do you think is happening then?
Let's talk actual cash that goes to the players each month. Who is funding that? |
people who buy football tickets FFS .. | |
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| As of today on 16:49 - Aug 28 with 1395 views | MrTown |
| As of today on 16:43 - Aug 28 by stewartm |
'His debt isn't really owed to anyone'  |
Well who is the debt owed to. The 17-18 accounts stated that ITFC was in debt to NO financial instituion, always a positive start.
For that financial year the debt was all added to non-interest bearing agreements (Evans).
So whilst there is a growing in debt on account, it is owed to the person borrowing it in the first place. A lot healthier than borrowing from a bank. | |
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| As of today on 16:50 - Aug 28 with 1392 views | stewartm |
| As of today on 16:49 - Aug 28 by artsbossbeard |
You need to check your blood pressure and then calmly explain how it all works as your Op actually doesn't. |
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| As of today on 16:50 - Aug 28 with 1393 views | artsbossbeard |
| As of today on 16:47 - Aug 28 by stewartm |
people who buy football tickets FFS |
Ha! My £750 a season pays for 3/4 of a day of Gwion Edwards wages.
Er, FFS. | |
| Please note: prior to hitting the post button, I've double checked for anything that could be construed as "Anti Semitic" and to the best of my knowledge it isn't. Anything deemed to be of a Xenophobic nature is therefore purely accidental or down to your own misconstruing. | | Poll: | Raining in IP8 - shall I get the washing in? |
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| As of today on 16:50 - Aug 28 with 1385 views | wkj |
| As of today on 16:49 - Aug 28 by artsbossbeard |
You need to check your blood pressure and then calmly explain how it all works as your Op actually doesn't. |
I've been looking to profit froma loss making business all my life, no one ever explains how it is done on here though, so for now I continue the grind. | |
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| As of today on 16:51 - Aug 28 with 1377 views | stewartm |
| As of today on 16:50 - Aug 28 by artsbossbeard |
Ha! My £750 a season pays for 3/4 of a day of Gwion Edwards wages.
Er, FFS. |
Probably pays 1/3 of his wages the rest is interest contributions on loans from ME to erm ME... [Post edited 28 Aug 2019 16:52]
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