IIRC that was last year's accounts

The notes to the recent Attanasio vote said:
"Following the Ordinary Share Acquisition and C Pref Share Issuance Norfolk {Attanasio] provided a total of £33,627,000 of debt financing...."

I reckon that Norfolk paid off the £43m debt, the C Pref issuance cut it by £10m, leaving a £33m debt owed to Norfolk.

It may be on much better terms (interest rate, repayment schedule etc etc) but the fact is that over £30m of future income will be denied to NCFC.

Posted By: Henclrikus on October 11th 2023 at 13:23:02

Message Thread

Hugely grateful for Webber but quite excited about new sporting director … (NCFC) - loz, Oct 11, 08:31:09
- Hopefully reach the same summit (n/m) (NCFC) - Lentil Weaver, Oct 11, 11:54:36
- Who is it? I seem to have missed that news. (n/m) (NCFC) - CB41, Oct 11, 10:46:45
  - Brom knows (n/m) (NCFC) - Graham Nine, Oct 11, 18:24:36
  - Ah, googled it init (n/m) (NCFC) - CB41, Oct 11, 10:49:07
    - Crikey, he looks so young. Will he need time off to do his A levels? (n/m) (NCFC) - CB41, Oct 11, 10:50:10
      - Whether he ends up being good or not... (NCFC) - SimonOTBC, Oct 11, 10:58:41
        
        Is Neil Adams going to follow him around now? (NCFC) - ParrotPuncher, Oct 11, 11:08:30
- With regard to the Colney Redevelopment (NCFC) - Old Splat, Oct 11, 10:02:18
  - Lovely old casual sexism there. Her name is Zoe, its quicker to type than wife. (n/m) (NCFC) - megson, Oct 11, 16:14:31
  - What massive debt? (NCFC) - SimonOTBC, Oct 11, 10:42:01
    - There is clearly a gap between Income & Spend (NCFC) - Henclrikus, Oct 11, 12:21:44
      - Of course, but that's a different point (NCFC) - SimonOTBC, Oct 11, 12:44:11
        
        Debt is a fiscal obligation that is yet to be paid (NCFC) - Henclrikus, Oct 11, 13:07:40
        
        The distinction I'm making.... (NCFC) - SimonOTBC, Oct 11, 13:24:21
        
        Exactly seems obvious to me the point you are making (n/m) (NCFC) - loz, Oct 11, 13:45:40
      - ^^ VMT ^^ (n/m) (NCFC) - JD3, Oct 11, 12:31:40
    - Don't we owe the Attanasios £33m? (NCFC) - jamesward, Oct 11, 12:17:51
      - Isn't that just the same debt that was raised against the parachute payments? (NCFC) - SimonOTBC, Oct 11, 12:47:22
        
        Not sure. This is what was written at the time (NCFC) - jamesward, Oct 11, 12:52:20
        
        Where is that from? (NCFC) - SimonOTBC, Oct 11, 13:15:30
        
        IIRC that was last year's accounts (NCFC) - Henclrikus, Oct 11, 13:23:02
        
        Yes, that would make sense (NCFC) - SimonOTBC, Oct 11, 13:25:24
        
        Yes that was EDP from then (NCFC) - jamesward, Oct 11, 13:25:21
        
        No chance one parachute payment clears our debt (NCFC) - Henclrikus, Oct 11, 14:24:24
        
        Parachute payments won't be in the debtors amount as at 30 June 2022 (NCFC) - SimonOTBC, Oct 11, 14:31:21
        
        I was just comparing our future (committed) income from players (NCFC) - Henclrikus, Oct 11, 14:41:10
        
        Oh yes, I do agree (NCFC) - SimonOTBC, Oct 11, 14:33:05
        
        Yes, we agree on the facts (NCFC) - Henclrikus, Oct 11, 14:35:59
        
        Meant to reply to Heclrikus below rather than to myself!!! (n/m) (NCFC) - SimonOTBC, Oct 11, 14:35:54
        
        You could well be right (NCFC) - SimonOTBC, Oct 11, 14:01:17
        
        Two paragraphs later in same article (NCFC) - jamesward, Oct 11, 14:07:55
        
        As Loz says, that's just a fact of being in the Championship (NCFC) - SimonOTBC, Oct 11, 14:21:58
        
        As NCFC will be briefing the journos (NCFC) - Henclrikus, Oct 11, 14:29:26
        
        That’s common sense though isn’t it ?… (NCFC) - loz, Oct 11, 14:14:00
        
        Well, up to a point yes (NCFC) - jamesward, Oct 11, 16:39:49
        
        "the debt situation" (NCFC) - Cardiff Canary, Oct 11, 19:09:06
    - Yes because that cash can't be ringfenced to pay off debt. Needed for Working Cap req'ts. (NCFC) - JD3, Oct 11, 11:52:05
      - Of course it can, no lender would advance the funds if the cash weren't ring fenced (NCFC) - SimonOTBC, Oct 11, 11:56:36
        
        Will we need lots of cash from elsewhere to fund our day-to-day spending then (n/m) (NCFC) - JD3, Oct 11, 12:35:10
        
        Absolutely, that's why sold Aarons and Omabamidele (NCFC) - SimonOTBC, Oct 11, 12:42:37
    - Possibly the perception we have squandered our position (NCFC) - CWC, Oct 11, 11:10:25
      - Totally agree with that, CWC (NCFC) - SimonOTBC, Oct 11, 11:58:24
    - Aye but that doesn’t suit agenda (n/m) (NCFC) - loz, Oct 11, 10:46:43
  - Zoe Webber widely credited with coming up with that scheme with Tom… (NCFC) - loz, Oct 11, 10:04:44
- Hopefully he can help us back into the Prem and do something Webber failed at. (NCFC) - norwaay, Oct 11, 09:49:35
- But do we actually need one (NCFC) - inutero, Oct 11, 09:34:42
  - Just totally incorrect......... (NCFC) - usacanary, Oct 11, 13:57:23
    - 👍 (n/m) (NCFC) - Captain Bligh, Oct 11, 18:58:50
  - Football loves creating jobs (NCFC) - Henclrikus, Oct 11, 12:14:23
  - Almost every promoted team (NCFC) - Captain Bligh, Oct 11, 10:33:05
    - I think Luton have realized this..... (NCFC) - usacanary, Oct 11, 14:05:27
    - Innit bruv (n/m) (NCFC) - Old Git, Oct 11, 10:37:42
  - It's interesting isn't it, that maintaining a level at the top of the champ (NCFC) - Knitted Jesus, Oct 11, 09:44:03
    - Agree with this. 92 clubs and we are generally in the top 25 (NCFC) - MonkeyPuzzle, Oct 11, 11:20:33
    - First it was top 26, then it was top 17, now it's not really anything. (NCFC) - norwaay, Oct 11, 09:52:44
      - I completely agree with that (NCFC) - SimonOTBC, Oct 11, 10:51:25
        
        Benham who owns Brentford is worth 220M? Used to work with Tony Bloom (Brighton) (NCFC) - Knitted Jesus, Oct 11, 11:00:25
        
        This “worth 700m” thing (NCFC) - Henclrikus, Oct 11, 12:11:25
      - Yeah good points. (n/m) (NCFC) - Knitted Jesus, Oct 11, 10:20:17
- He’s a stats guy? (n/m) (NCFC) - SCC 28, Oct 11, 08:55:23
  - He thinks xG is toss though. (n/m) (NCFC) - Pixelman, Oct 11, 10:31:47
    - I fucking like him already.... (n/m) (NCFC) - usacanary, Oct 11, 18:58:00
    - Lies (n/m) (NCFC) - SCC 28, Oct 11, 10:36:43
  - Yes. Worked for Prozone initially (NCFC) - jamesward, Oct 11, 08:56:51
    - That's interesting,but I thought there was movement away from such regimented football, (NCFC) - protheroe fitzgibbon, Oct 11, 09:08:19
      - Isn't that how Brentford and Brighton operate? (NCFC) - SimonOTBC, Oct 11, 10:53:09
    - Fantastic (n/m) (NCFC) - SCC 28, Oct 11, 09:08:06
    - South coast jizz tsunami incoming (n/m) (NCFC) - Adster, Oct 11, 09:00:28
      - Let’s not get too carried away (n/m) (NCFC) - SCC 28, Oct 11, 09:09:03
      - 😂😂😂😂 (n/m) (NCFC) - protheroe fitzgibbon, Oct 11, 09:06:42
- Feel the same. Webber brought a new level to that role. (NCFC) - MonkeyPuzzle, Oct 11, 08:50:05
  - Yeah and the yanks are very data driven too with their baseball (NCFC) - Knitted Jesus, Oct 11, 09:35:38

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