Sorry, but none of that is obvious, to me at least

1 - Football owners charging interest on their own assets is far from unusual. Indeed, inter-company loans & debt repayment is very much part of modern capitalism. (Even Delia's loans often had interest due, but she chose not to take it)
2 - I am not sure how your view of repaying debt when a player is sold at a profit is much different from third party ownership, which is not allowed.

Attanasio is not majority-owner of Crescent Capital & CC were not named in any of the recent papers re share deals (Norfolk FB Holdings is the specific vehicle used. And ownership of Norfolk is 55% MA & 27% Richard Ressler)

I wonder if the loans have come from Attanasio & his mates in a more personal capacity, and their long-term gain is from eventual sale of NCFC (in part, or fully).

Of course the next accounts may make things a bit clearer, but my hunch is that the 50 or 60m so far invested could easily have come from personal pockets, rather than a hedge fund.

Posted By: Henclrikus on July 15th 2024 at 19:16:19

Message Thread

How much are we in debt now and why are we selling all our players? (n/m) (NCFC) - Thegelman, Jul 15, 12:09:59
- Please don't reply to this wind-up. (NCFC) - canary_wharf, Jul 15, 14:48:56
  - of course he's not (n/m) (NCFC) - paulg, Jul 15, 16:01:18
  - Je might be abit daft but he's not a summer. (n/m) (NCFC) - protheroe fitzgibbon, Jul 15, 15:21:51
    - I will take that as a compliment. (n/m) (NCFC) - Thegelman, Jul 15, 15:36:28
      - You're on good company mate,quite a few of us daftness about. 🤓👍 (n/m) (NCFC) - protheroe fitzgibbon, Jul 15, 16:45:27
        
        Dafties ffs. (n/m) (NCFC) - protheroe fitzgibbon, Jul 15, 16:45:40
  - is he (n/m) (NCFC) - ghostof barry butler, Jul 15, 14:51:30
- The debt is owed to Attanassios hedge fund (NCFC) - KevinBond, Jul 15, 13:00:23
  - Is it? (NCFC) - SimonOTBC, Jul 15, 13:21:18
    - I think you're right. Point is we've "internalised" the debt (NCFC) - Old Man, Jul 15, 13:26:58
      - Agreed (n/m) (NCFC) - SimonOTBC, Jul 15, 14:15:37
      - 8 minutes onwards (NCFC) - KevinBond, Jul 15, 13:42:25
        
        If "no interest" is being paid how does the hedge fund make money? (n/m) (NCFC) - Henclrikus, Jul 15, 14:41:39
        
        Hes not saying thats why hes got 43Billion (n/m) (NCFC) - KevinBond, Jul 15, 15:02:33
        
        He absolutely says it (NCFC) - Henclrikus, Jul 15, 16:05:51
        
        Well it's kind of obvious no? (NCFC) - Under soil heating, Jul 15, 17:37:01
        
        Sorry, but none of that is obvious, to me at least (NCFC) - Henclrikus, Jul 15, 19:16:19
        
        He didn't say they weren't interest bearing, just that interest isn't being paid (NCFC) - SimonOTBC, Jul 15, 21:56:24
        
        Possibly. (n/m) (NCFC) - Henclrikus, Jul 15, 22:31:20
        
        And the OP stated the debt was owed to the hedge fund (n/m) (NCFC) - Henclrikus, Jul 15, 19:19:14
        
        Thanks for the link. (n/m) (NCFC) - Thegelman, Jul 15, 14:14:27
- Who's getting sold? (n/m) (NCFC) - 51eve, Jul 15, 12:30:20
  - Probably the best time to ask your question (NCFC) - Highlander, Jul 15, 12:44:41
  - McLean, Sargent, Idah, Sara and Rowe. (n/m) (NCFC) - Thegelman, Jul 15, 12:37:28
    - If we sell all those players we are no longer in debt.... (n/m) (NCFC) - usacanary, Jul 15, 17:27:42
    - You are Fabrizio Romano - I claim my £5 (n/m) (NCFC) - Boyer, Jul 15, 14:10:02
    - Source? Or just your imagination for attention. (n/m) (NCFC) - Pixelman, Jul 15, 13:29:05
    - Helluva scoop (n/m) (NCFC) - SCC 28, Jul 15, 12:44:58
- 9 (n/m) (NCFC) - lurd, Jul 15, 12:15:16

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