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As of today 16:33 - Aug 28 with 2744 viewsstewartm

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)!

Poll: How long will Lamburke survive this season?

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As of today on 16:51 - Aug 28 with 679 viewsartsbossbeard

As of today on 16:50 - Aug 28 by wkj

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.


Whatever the answer is, I've no doubt it will be followed by loads of exclamation marks.

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 16:52 - Aug 28 with 676 viewsFifeITFC

I assume it's still school holidays down there, right? Would explain a lot.

Poll: Lambert goes, would you prefer an ex-Town connection replacement or not?

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As of today on 16:52 - Aug 28 with 670 viewsMarshalls_Mullet

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.....


Nope, its not owed to the banks.

Poll: Would love to see one of our midfield contribute 10+ goals. Who is most likely.

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As of today on 16:54 - Aug 28 with 664 viewswkj

As of today on 16:51 - Aug 28 by artsbossbeard

Whatever the answer is, I've no doubt it will be followed by loads of exclamation marks.


I will PM you later about a way I've learnt how to make money by calling 118 118

http://www.twitter.com/wkjezz3306
Poll: Quickfire Round: Which is correct for tonight
Blog: The Identity Crisis of Modern Football

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As of today on 16:55 - Aug 28 with 663 viewsstewartm

As of today on 16:52 - Aug 28 by Marshalls_Mullet

Nope, its not owed to the banks.


Well I would agree with you that ME owning the debt (considering he owns ITFC) does give ITFC some security, the worry is the point when interest payments on the ever growing debt becomes far to much to pay which will become reality at the current growth of debt at ITFC.

Poll: How long will Lamburke survive this season?

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As of today on 16:57 - Aug 28 with 652 viewsPrideOfTheEast

As of today on 16:55 - Aug 28 by stewartm

Well I would agree with you that ME owning the debt (considering he owns ITFC) does give ITFC some security, the worry is the point when interest payments on the ever growing debt becomes far to much to pay which will become reality at the current growth of debt at ITFC.


The debt is non-interest bearing. But that's really irrelevant.
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As of today on 16:57 - Aug 28 with 650 viewsstewartm

As of today on 16:57 - Aug 28 by PrideOfTheEast

The debt is non-interest bearing. But that's really irrelevant.


LOL

Poll: How long will Lamburke survive this season?

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As of today on 16:58 - Aug 28 with 658 viewsPhilTWTD

As of today on 16:55 - Aug 28 by stewartm

Well I would agree with you that ME owning the debt (considering he owns ITFC) does give ITFC some security, the worry is the point when interest payments on the ever growing debt becomes far to much to pay which will become reality at the current growth of debt at ITFC.


There are and never have been any interest payments. There was interest added to the balance sheet up to 2012 but never anything paid. The debt will never be paid back, there has never been the expectation that it will. It will almost certainly, as has been the case at other clubs in similar positions, be written off prior to a takeover.
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As of today on 16:59 - Aug 28 with 637 viewsstewartm

As of today on 16:58 - Aug 28 by PhilTWTD

There are and never have been any interest payments. There was interest added to the balance sheet up to 2012 but never anything paid. The debt will never be paid back, there has never been the expectation that it will. It will almost certainly, as has been the case at other clubs in similar positions, be written off prior to a takeover.


So why the increase in debt year on year?

Poll: How long will Lamburke survive this season?

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As of today on 17:00 - Aug 28 with 632 viewswkj

As of today on 16:58 - Aug 28 by PhilTWTD

There are and never have been any interest payments. There was interest added to the balance sheet up to 2012 but never anything paid. The debt will never be paid back, there has never been the expectation that it will. It will almost certainly, as has been the case at other clubs in similar positions, be written off prior to a takeover.


Hi Phil, wish you could have posted this before...

http://www.twitter.com/wkjezz3306
Poll: Quickfire Round: Which is correct for tonight
Blog: The Identity Crisis of Modern Football

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As of today on 17:01 - Aug 28 with 625 viewsartsbossbeard

As of today on 16:59 - Aug 28 by stewartm

So why the increase in debt year on year?


I'm going to go with "we are running at a loss".

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 17:02 - Aug 28 with 618 viewswkj

As of today on 16:59 - Aug 28 by stewartm

So why the increase in debt year on year?


Because, as is the case for a high number of football clubs, football clubs operate at a loss, which is why FFP rules dictate a club should limit losses instead of being in the black.

http://www.twitter.com/wkjezz3306
Poll: Quickfire Round: Which is correct for tonight
Blog: The Identity Crisis of Modern Football

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As of today on 17:03 - Aug 28 with 621 viewsstewartm

As of today on 16:58 - Aug 28 by PhilTWTD

There are and never have been any interest payments. There was interest added to the balance sheet up to 2012 but never anything paid. The debt will never be paid back, there has never been the expectation that it will. It will almost certainly, as has been the case at other clubs in similar positions, be written off prior to a takeover.


That is not actually correct is it? Non interest bearing debt is only a percentage of the overall debt but has still increased (amount of non interest bearing debt figures have gone up)
[Post edited 28 Aug 2019 17:05]

Poll: How long will Lamburke survive this season?

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As of today on 17:04 - Aug 28 with 604 viewsPJH

As of today on 17:01 - Aug 28 by artsbossbeard

I'm going to go with "we are running at a loss".


Just because there is more money going out than coming in you think we are running at a loss?
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As of today on 17:05 - Aug 28 with 593 viewsartsbossbeard

As of today on 17:04 - Aug 28 by PJH

Just because there is more money going out than coming in you think we are running at a loss?


Well, when you put it like that, it's me left with beacon cheeks now.

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?

0
As of today on 17:06 - Aug 28 with 589 viewsstewartm

As of today on 17:00 - Aug 28 by wkj

Hi Phil, wish you could have posted this before...


Yes but it is not accurate or correct, admins even don't understand, lol.

Poll: How long will Lamburke survive this season?

0
As of today on 17:07 - Aug 28 with 582 viewsartsbossbeard

As of today on 17:06 - Aug 28 by stewartm

Yes but it is not accurate or correct, admins even don't understand, lol.


*bails out on this thread*

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?

0
As of today on 17:08 - Aug 28 with 572 viewsPJH

As of today on 17:07 - Aug 28 by artsbossbeard

*bails out on this thread*


Me (and ME) too.
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As of today on 17:08 - Aug 28 with 581 viewsPhilTWTD

As of today on 17:03 - Aug 28 by stewartm

That is not actually correct is it? Non interest bearing debt is only a percentage of the overall debt but has still increased (amount of non interest bearing debt figures have gone up)
[Post edited 28 Aug 2019 17:05]


Because more money has been loaned to the club to cover the shortfall, which is basically player wages. The loans cover the difference between what is generated by the club and the outgoings, most of which are player wages, hence the debt goes up every year.
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As of today on 17:08 - Aug 28 with 571 viewsIllinoisblue

As of today on 16:40 - Aug 28 by stewartm

I got to De then just had to reply with the same BS...


have you been drinking?

62 - 78 - 81

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As of today on 17:08 - Aug 28 with 572 viewsstewartm

As of today on 17:07 - Aug 28 by artsbossbeard

*bails out on this thread*


Yes I agree, don't wanna get banned.

Poll: How long will Lamburke survive this season?

0
As of today on 17:09 - Aug 28 with 565 viewsstewartm

As of today on 17:08 - Aug 28 by Illinoisblue

have you been drinking?


yes

Poll: How long will Lamburke survive this season?

0
As of today on 17:11 - Aug 28 with 552 viewswkj

As of today on 17:06 - Aug 28 by stewartm

Yes but it is not accurate or correct, admins even don't understand, lol.


On that note, I will file this away with chem trails and the flat earth theory
[Post edited 28 Aug 2019 17:11]

http://www.twitter.com/wkjezz3306
Poll: Quickfire Round: Which is correct for tonight
Blog: The Identity Crisis of Modern Football

1
As of today on 17:11 - Aug 28 with 549 viewsIllinoisblue

As of today on 17:09 - Aug 28 by stewartm

yes


as they say, "when you're in the pub, don't drink and blub"

62 - 78 - 81

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As of today on 17:13 - Aug 28 with 538 viewsSpruceMoose

As of today on 17:08 - Aug 28 by stewartm

Yes I agree, don't wanna get banned.


Lol.

You have less intelligence than the fella in your avatar!

Poll: Selectamod

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