The big difference between us and them

is that we own our ground. So anyone to whom we owe money is guaranteed to get it back because at the end of the day Carrow Road could be sold.
Scum are different - apart from the training ground I don't think they have any tangible assets. So Barclays and Morleys had to hope that somehow Scum would pay the loan back - and they said as long ago as 2005 that it could never happen, or hope that someone would take the debt off their hands which is a solution they have been touting for several months.
This is why we should not welcome an investor like Evans, and why our creditors would never agree to such a deal. Basically Scum's financial position is so catastrophic that they have the creditors in a position where they will take any offer.
Someone at Morley made a disastrous decision a few years ago.

Posted By: The King of Prussia on November 1st 2007 at 14:13:28

Message Thread

Question about scum investment, barclays , and nch union (NCFC) - fond, Nov 1, 14:06:41
- This really pisses me off because........ (NCFC) - Kirrie, Nov 1, 14:34:04
  - Funny that (NCFC) - Small, Nov 1, 14:51:08
  - It's not really Norwich Union though (NCFC) - The King of Prussia, Nov 1, 14:41:15
    - CGU and CU became part of NU some years ago: I know cos....... (NCFC) - Kirrie, Nov 1, 14:45:17
- I thought you lot weren't bothered ??? (NCFC) - warky, Nov 1, 14:30:03
  - But you dont actually KNOW any of this do you ? (n/m) (NCFC) - blindasabat, Nov 1, 14:36:37
    - Correct - they don't; no-one seems to know who this bloke is? (n/m) (NCFC) - Kirrie, Nov 1, 14:38:56
  - Jealousy has fuck all to do with it..... (NCFC) - Kirrie, Nov 1, 14:36:06
  - I agree (NCFC) - Charles21, Nov 1, 14:32:40
- Even if the debt is cleared (NCFC) - Buckscanary, Nov 1, 14:24:37
  - But you dont actually KNOW any of this do you ? (NCFC) - warky, Nov 1, 14:31:19
  - £40 million? (NCFC) - The King of Prussia, Nov 1, 14:29:32
    - Its more like £18.4M (£12M + 20% of the £32M debt!) (n/m) (NCFC) - Kirrie, Nov 1, 14:40:55
    - thin air (n/m) (NCFC) - Buckscanary, Nov 1, 14:31:31
- The big difference between us and them (NCFC) - The King of Prussia, Nov 1, 14:13:28
  - They have the team bus... (NCFC) - Buckscanary, Nov 1, 14:19:55
  - It's the old story (NCFC) - Old Git, Nov 1, 14:18:31
    - That's it isn't it (NCFC) - The King of Prussia, Nov 1, 14:24:59
    - I would imagine (NCFC) - Charles21, Nov 1, 14:22:44
      - I presume (NCFC) - The King of Prussia, Nov 1, 14:27:06
        
        Yes you presume a lot of things dont you ? (NCFC) - warky, Nov 1, 14:47:10
  - I think you are spot on (NCFC) - fond, Nov 1, 14:16:09
    - Evans does not hav a debt due to him (NCFC) - Jim, Nov 1, 14:53:57
      - Spot on (NCFC) - The King of Prussia, Nov 1, 14:58:40
      - Then they therefore owe him, not Aviva. (n/m) (NCFC) - Arganth, Nov 1, 14:57:20
        
        No he owes Aviva - ITFC owe nobody anything (if it happens) (n/m) (NCFC) - Jim, Nov 1, 16:12:25
        
        Read Again - Evans does not have a debt due to him !!! (NCFC) - warky, Nov 1, 15:08:28
      - At last a Budgie with a Fucking Brain !! (NCFC) - warky, Nov 1, 14:56:38
    - Stop assuming and presuming (NCFC) - warky, Nov 1, 14:32:38
    - so its not actually quite as good a deal as looks initially (n/m) (NCFC) - fond, Nov 1, 14:16:59
      - Well it is and it isn't (NCFC) - The King of Prussia, Nov 1, 14:20:43
- i am sure would be very interested (NCFC) - south, Nov 1, 14:09:39
  - not only that - evans does not even support them (NCFC) - fond, Nov 1, 14:12:59
    - The point is (NCFC) - The King of Prussia, Nov 1, 14:17:05
  - or even Leeds would be very interested (n/m) (NCFC) - south, Nov 1, 14:10:30
- It's not Norwich Union though - but yes, your point still stands (n/m) (NCFC) - Yellalee, Nov 1, 14:09:11
- who knows? (n/m) (NCFC) - Charles21, Nov 1, 14:08:25

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