As of today 16:33 - Aug 28 with 4262 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 16:51 - Aug 28 with 1232 views | artsbossbeard |
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 1229 views | FifeITFC | I assume it's still school holidays down there, right? Would explain a lot. | |
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As of today on 16:52 - Aug 28 with 1223 views | Marshalls_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. | |
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As of today on 16:54 - Aug 28 with 1217 views | wkj |
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 | |
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As of today on 16:55 - Aug 28 with 1216 views | stewartm |
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. | |
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As of today on 16:57 - Aug 28 with 1205 views | PrideOfTheEast |
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. | | | |
As of today on 16:57 - Aug 28 with 1203 views | stewartm |
As of today on 16:57 - Aug 28 by PrideOfTheEast | The debt is non-interest bearing. But that's really irrelevant. |
LOL | |
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As of today on 16:58 - Aug 28 with 1211 views | PhilTWTD |
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. | | | | Login to get fewer ads
As of today on 16:59 - Aug 28 with 1190 views | stewartm |
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? | |
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As of today on 17:00 - Aug 28 with 1185 views | wkj |
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... | |
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As of today on 17:01 - Aug 28 with 1178 views | artsbossbeard |
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 1171 views | wkj |
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. | |
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As of today on 17:03 - Aug 28 with 1174 views | stewartm |
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]
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As of today on 17:04 - Aug 28 with 1157 views | PJH |
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? | | | |
As of today on 17:05 - Aug 28 with 1146 views | artsbossbeard |
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? |
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As of today on 17:06 - Aug 28 with 1142 views | stewartm |
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. | |
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As of today on 17:07 - Aug 28 with 1135 views | artsbossbeard |
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? |
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As of today on 17:08 - Aug 28 with 1125 views | PJH |
As of today on 17:07 - Aug 28 by artsbossbeard | *bails out on this thread* |
Me (and ME) too. | | | |
As of today on 17:08 - Aug 28 with 1134 views | PhilTWTD |
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]
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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. | | | |
As of today on 17:08 - Aug 28 with 1124 views | Illinoisblue |
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? | |
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As of today on 17:08 - Aug 28 with 1125 views | stewartm |
As of today on 17:07 - Aug 28 by artsbossbeard | *bails out on this thread* |
Yes I agree, don't wanna get banned. | |
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As of today on 17:09 - Aug 28 with 1118 views | stewartm |
As of today on 17:08 - Aug 28 by Illinoisblue | have you been drinking? |
yes | |
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As of today on 17:11 - Aug 28 with 1105 views | wkj |
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]
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As of today on 17:11 - Aug 28 with 1102 views | Illinoisblue |
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" | |
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As of today on 17:13 - Aug 28 with 1091 views | SpruceMoose |
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! | |
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