I guess the debt is transferring to Attanasio rather than pure external

In the Finance Review Balance Sheet section, there's the following comment:

"Post year end, the club anticipates changes to the debt/equity ratio which, during the 2023/24 campaign, would see a reduction in total debt and is geared towards reducing the future net liability position."

Did Attanasio convert some of his debt to equity for the transaction to get up to parity of Delia and Michael? Or is there more to come with issuing more shares and him taking control?

Posted By: JD3 on November 9th 2023 at 13:23:17

Message Thread

Accounts... Is Attanasio now gobbling up ST debt and will convert to equity in due course? (n/m) (NCFC) - JD3, Nov 9, 09:23:20
- AKA we'd have been f*cked without him following relegation? (n/m) (NCFC) - JD3, Nov 9, 09:24:09
  - Just not seeing that at all... (NCFC) - usacanary, Nov 9, 11:20:03
    - cash flow (NCFC) - CWC, Nov 9, 13:25:03
      - Can’t see that Delia and Michael would ever be in… (NCFC) - loz, Nov 9, 13:52:29
    - You have been struggling with this for a few days now. (NCFC) - SenatusAcademicus, Nov 9, 12:35:50
    - Erm (NCFC) - jamesward, Nov 9, 12:19:18
      - Don’t forget FIVE YEARS for Adam “goal a game” (n/m) (NCFC) - Old Git, Nov 9, 12:24:29
        
        I can't see how we' (n/m) (NCFC) - jamesward, Nov 9, 12:29:06
        
        FFS...how we're not right back where we were when Webber joined (NCFC) - jamesward, Nov 9, 12:30:06
        
        I guess the debt is transferring to Attanasio rather than pure external (NCFC) - JD3, Nov 9, 13:23:17
        
        5 million was being turned into shares I think (n/m) (NCFC) - loz, Nov 9, 14:07:23
        
        I think the accounts point to the general impossibility of being a club without external (NCFC) - Knitted Jesus, Nov 9, 12:43:06
        
        to remain self-sustaining pretty much everything has to go right (NCFC) - CWC, Nov 9, 13:29:28
  - Delia’s won’t sell our 40% if he’s not suitable seems nonsense …. (NCFC) - loz, Nov 9, 09:35:12
    - Yeah seems like he must be pretty much calling the shots now (NCFC) - JD3, Nov 9, 09:42:59

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