The allegations - and the TRUTH!! - Wrath of the Barclay

The allegations - and the TRUTH!!

User Posted Link

Note in particular this bit:

“The Club's £15m securitisation loan is an albatross around the Club's neck”

ND: "At the time the club took this loan out, the South Stand had been condemned and needed to be re-built. The alternative was the Club's capacity being cut to around 16,000 - something that was unthinkable and would have seriously restricted the club's income going forward. There is no doubt that the securitisation loan was the only way to pay for the Jarrold Stand. Its repayments remain budgeted for, structured over the long term and affordable."

Or to paraphrase: the club's £15m securitisation loan is indeed an albatross around its neck.

Posted By: thebigfeller on October 4th 2007 at 10:39:32

Message Thread

The allegations - and the TRUTH!! (NCFC) - thebigfeller, Oct 4, 10:39:32
- To be fair the securitisation payments are not a big problem (NCFC) - Jim, Oct 4, 10:59:15
- even if it is his points stands - we had no alternative (NCFC) - mr carra, Oct 4, 10:45:57
  - Fine - so we should be actively looking for new owners to take over and put money in (NCFC) - thebigfeller, Oct 4, 10:47:59
    - How do you do that? (NCFC) - Johnny Comecardiff, Oct 4, 10:51:09
      - "If they felt it was the right investor" (NCFC) - thebigfeller, Oct 4, 10:53:47
        
        Big feller, you and I both have Jambo associations (NCFC) - Jambocanary, Oct 4, 11:09:35
        
        Am I the only person wondering what you mean by "Jambo" in this context? (n/m) (NCFC) - Partial McAngler, Oct 4, 11:10:50
        
        Jock rhyming slang: Jam Tarts, Hearts. (n/m) (NCFC) - Arizona Bay, Oct 4, 11:22:17
        
        Och aye the noo - thanks all☺ (n/m) (NCFC) - Partial McAngler, Oct 4, 11:23:10
        
        yes (NCFC) - blindasabat, Oct 4, 11:14:35
        
        Heart of Midlothian FC (n/m) (NCFC) - Jambocanary, Oct 4, 11:14:24
        
        So you want cash no matter who it comes from? (NCFC) - Swiss Yellow, Oct 4, 11:01:54
        
        Within reason - yes! (n/m) (NCFC) - Jim, Oct 4, 11:02:37
        
        what reason? (NCFC) - mr carra, Oct 4, 11:08:58
        
        Well I would not dismiss them just because they were foreign (NCFC) - Jim, Oct 4, 11:22:07
        
        so you almost agree with this then? (NCFC) - Swiss Yellow, Oct 4, 11:24:54
        
        Examples of piss poor investors...... (NCFC) - Johnny Comecardiff, Oct 4, 10:59:30
        
        Yes - all true (NCFC) - thebigfeller, Oct 4, 11:10:33
        
        Only if you choose to believe the misconception. (n/m) (NCFC) - Johnny Comecardiff, Oct 4, 11:17:21
        
        Point is though (NCFC) - Jim, Oct 4, 11:02:18
        
        it means they wouldn't sell up to someone only interested in Norwich for the money they (NCFC) - blindasabat, Oct 4, 10:55:38
        
        Except it's broadly impossible to make money in football anyway (NCFC) - thebigfeller, Oct 4, 10:57:46
        
        except by asset stripping (NCFC) - mr carra, Oct 4, 11:03:45
        
        You must be on a windup..... (NCFC) - Johnny Comecardiff, Oct 4, 11:01:20
        
        So why restrict possible new investors to "must be a fan, and must come from Norfolk"? (n/m) (NCFC) - thebigfeller, Oct 4, 11:02:47
        
        Find the quote. (NCFC) - Johnny Comecardiff, Oct 4, 11:03:52
        
        In fact..... (NCFC) - Johnny Comecardiff, Oct 4, 11:07:53
        
        who will then want to recoup as much of his outlay as possible (NCFC) - blindasabat, Oct 4, 11:00:06
        
        But you can say this about anyone (NCFC) - thebigfeller, Oct 4, 11:07:49
        
        Liverpool and Villa..... (NCFC) - Johnny Comecardiff, Oct 4, 11:15:23
        
        so how many of those have so far re-couped their investment? (n/m) (NCFC) - blindasabat, Oct 4, 11:11:15
        
        *(if not a fan)* (n/m) (NCFC) - blindasabat, Oct 4, 11:00:37
      - ebay... (n/m) (NCFC) - blindasabat, Oct 4, 10:53:07
- Wanky Phrases used but arseholes in suits. 1.) Blah Blah Blah ..Going forwards. (n/m) (NCFC) - Snakey, Oct 4, 10:44:29
  - Lets run it up the flag-pole and see who salutes. (n/m) (NCFC) - Snakey, Oct 4, 10:50:21
  - "I'd like a grande venti skinny latte hold the beans, please" (n/m) (NCFC) - Partial McAngler, Oct 4, 10:47:23
  - 2.) Its a win-win situation.... (n/m) (NCFC) - Snakey, Oct 4, 10:44:52
- Surely only in the same way a mortgage is an albatross round a homeowner's neck ? (n/m) (NCFC) - Arganth, Oct 4, 10:41:54
  - Except it means we'll never be able to give any manager a proper budget (NCFC) - thebigfeller, Oct 4, 10:45:25
    - Yes. (NCFC) - Arganth, Oct 4, 11:16:59
    - so what would you have done? (n/m) (NCFC) - mr carra, Oct 4, 10:47:37
      - I wouldn't have run up further debts on land, Mr Carra (NCFC) - thebigfeller, Oct 4, 10:51:55
        
        I would guess that the land will generate whopping gains when we sell it (NCFC) - mr carra, Oct 4, 11:19:27
      - What would Jesus do? (n/m) (NCFC) - Partial McAngler, Oct 4, 10:47:55
        
        got his disciples to build it on the cheap (n/m) (NCFC) - blindasabat, Oct 4, 10:52:20
  - (NCFC) - Partial McAngler, Oct 4, 10:43:31
- Albatross or millstone? Is there an official dividing line? (n/m) (NCFC) - Partial McAngler, Oct 4, 10:41:42
  - Toss off some pancetta (NCFC) - Jamie Oliver, Oct 4, 10:46:14
    - haha PA reviewing his top 5 usernames of all time (NCFC) - pants, Oct 4, 10:50:53

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