Only £400K of debt left 10:01 - Apr 8 with 2794 views | GeoffSentence | That's encouraging. | |
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Only £400K of debt left on 10:08 - Apr 8 with 2747 views | Herbivore | £20.4m technically I think, as we will likely owe the £20m paid off to ME to the new owners. I imagine that'll be how it works, but could be wrong. The £400k is the only debt not owed to the new owners. | |
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Only £400K of debt left on 10:10 - Apr 8 with 2722 views | chrismakin |
Only £400K of debt left on 10:08 - Apr 8 by Herbivore | £20.4m technically I think, as we will likely owe the £20m paid off to ME to the new owners. I imagine that'll be how it works, but could be wrong. The £400k is the only debt not owed to the new owners. |
I maybe wrong. But could the 400k be season ticket refunds....? | |
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Only £400K of debt left on 10:19 - Apr 8 with 2641 views | longtimefan |
Only £400K of debt left on 10:10 - Apr 8 by chrismakin | I maybe wrong. But could the 400k be season ticket refunds....? |
£44.44 each! | | | |
Only £400K of debt left on 10:20 - Apr 8 with 2625 views | chrismakin |
Only £400K of debt left on 10:19 - Apr 8 by longtimefan | £44.44 each! |
I was thinking of maybe the ifollow fees as part refunds ( the difference between what the efl and the club takes) and this is what's left to cover. | |
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Only £400K of debt left on 10:26 - Apr 8 with 2583 views | Guthrum |
Only £400K of debt left on 10:10 - Apr 8 by chrismakin | I maybe wrong. But could the 400k be season ticket refunds....? |
Or the remaining shareholding relating to the PLC? | |
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Only £400K of debt left on 10:27 - Apr 8 with 2573 views | PJH |
Only £400K of debt left on 10:26 - Apr 8 by Guthrum | Or the remaining shareholding relating to the PLC? |
As it seems to say in the interview. | | | |
Only £400K of debt left on 10:27 - Apr 8 with 2562 views | chrismakin |
Only £400K of debt left on 10:27 - Apr 8 by PJH | As it seems to say in the interview. |
Oh sorry I missed that | |
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Only £400K of debt left on 10:44 - Apr 8 with 2482 views | Pinewoodblue |
Only £400K of debt left on 10:26 - Apr 8 by Guthrum | Or the remaining shareholding relating to the PLC? |
Memory might be fuzzy but thought the bonds taken out around the time of administration remained with the runt company .ITFC PLC although they were serviced by the new company. I assume that IFFC PLC still owes £400k to bond holders and, in turn, the new owners still owe the £400k to the PLC. | |
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Only £400K of debt left on 10:50 - Apr 8 with 2419 views | PhilTWTD |
Only £400K of debt left on 10:44 - Apr 8 by Pinewoodblue | Memory might be fuzzy but thought the bonds taken out around the time of administration remained with the runt company .ITFC PLC although they were serviced by the new company. I assume that IFFC PLC still owes £400k to bond holders and, in turn, the new owners still owe the £400k to the PLC. |
I was wondering about that, that was the only non-ME debt the club had. I'm guessing that the £400,000 relates to that. From the 2019/20 PLC accounts: The Company continues to pay interest to its external loan note holders, which amounted to £35,000 (2019:£46,000) during the year. To fund these payments, the Company has back to back loan notes in place with ITFC, under which the Company received £35,000 (2019:£46,000) of interest during the year. As at 30 June 2020, the Company had external loan notes in issue of £485,000 (2019:£647,000) and back to back loan notes with ITFC of £485,000 (2019:£647,000).
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Only £400K of debt left on 10:55 - Apr 8 with 2356 views | chrismakin |
Only £400K of debt left on 10:50 - Apr 8 by PhilTWTD | I was wondering about that, that was the only non-ME debt the club had. I'm guessing that the £400,000 relates to that. From the 2019/20 PLC accounts: The Company continues to pay interest to its external loan note holders, which amounted to £35,000 (2019:£46,000) during the year. To fund these payments, the Company has back to back loan notes in place with ITFC, under which the Company received £35,000 (2019:£46,000) of interest during the year. As at 30 June 2020, the Company had external loan notes in issue of £485,000 (2019:£647,000) and back to back loan notes with ITFC of £485,000 (2019:£647,000).
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Phil. is it PC press conference today | |
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Only £400K of debt left on 10:56 - Apr 8 with 2353 views | PhilTWTD |
Only £400K of debt left on 10:55 - Apr 8 by chrismakin | Phil. is it PC press conference today |
No, tomorrow. | | | |
Only £400K of debt left on 12:08 - Apr 8 with 2052 views | MJallday |
Only £400K of debt left on 10:56 - Apr 8 by PhilTWTD | No, tomorrow. |
Are you allowed back in yet? That would be the second positive move that’s happened this week to the club | |
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Only £400K of debt left on 12:14 - Apr 8 with 2013 views | RadioOrwell |
Only £400K of debt left on 12:08 - Apr 8 by MJallday | Are you allowed back in yet? That would be the second positive move that’s happened this week to the club |
I believe it was a lifetime ban. Although I might have made that up. | | | |
Only £400K of debt left on 12:25 - Apr 8 with 1950 views | PhilTWTD |
Only £400K of debt left on 12:08 - Apr 8 by MJallday | Are you allowed back in yet? That would be the second positive move that’s happened this week to the club |
Thanks. Yes, I've been back since the Accrington game. | | | |
Only £400K of debt left on 12:28 - Apr 8 with 1910 views | ElderGrizzly |
Only £400K of debt left on 10:08 - Apr 8 by Herbivore | £20.4m technically I think, as we will likely owe the £20m paid off to ME to the new owners. I imagine that'll be how it works, but could be wrong. The £400k is the only debt not owed to the new owners. |
I think we'll see £40m on the books as debt once accounts are published. Everything appears to present as a leveraged buy-out, so we have basically paid for our own sale and the cost of that will appear as a debt on our books? A bit like Man Utd, Burnley etc. | | | |
Only £400K of debt left on 14:24 - Apr 8 with 1617 views | WD19 | That was yesterday. Its £500k today. | | | |
Only £400K of debt left on 14:27 - Apr 8 with 1603 views | Herbivore |
Only £400K of debt left on 12:28 - Apr 8 by ElderGrizzly | I think we'll see £40m on the books as debt once accounts are published. Everything appears to present as a leveraged buy-out, so we have basically paid for our own sale and the cost of that will appear as a debt on our books? A bit like Man Utd, Burnley etc. |
I wouldn't be surprised if that is the case. It still boggles my mind that you can actually do that. | |
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Only £400K of debt left on 14:32 - Apr 8 with 1586 views | GeoffSentence |
Only £400K of debt left on 12:28 - Apr 8 by ElderGrizzly | I think we'll see £40m on the books as debt once accounts are published. Everything appears to present as a leveraged buy-out, so we have basically paid for our own sale and the cost of that will appear as a debt on our books? A bit like Man Utd, Burnley etc. |
That would be something of a concern, but is there anything to suggest it is the case? | |
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Only £400K of debt left on 18:17 - Apr 8 with 1359 views | Charlie_pl_baxter |
Only £400K of debt left on 12:28 - Apr 8 by ElderGrizzly | I think we'll see £40m on the books as debt once accounts are published. Everything appears to present as a leveraged buy-out, so we have basically paid for our own sale and the cost of that will appear as a debt on our books? A bit like Man Utd, Burnley etc. |
That's not my read of it. From what they were saying the fund had repaid £21m of debt rather than bought the debt. This would mean that ME effectively got paid £19m for his equity stake and £21m of the debt back leaving the club with no debt owed bar the £400k. It would be good to have this confirmed though! | |
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