no it isn't

you don't understand at all.

The £37m has been written off - Norwich Union have sold it for £8m - it no longer exists.

Distress debt is entirely different - this is a corporate acquisition so learn the difference before you attempt to correct me.

Posted By: Kebbsy on November 3rd 2007 at 11:51:22

Message Thread

The facts surrounding Marcus Evans (NCFC) - Kebbsy, Nov 3, 10:50:28
- Are you an ecanalist then? (n/m) (NCFC) - Partial Angler, Nov 3, 13:43:37
- Are you studying for a doctorate as wel ? (n/m) (NCFC) - Steve in Holland, Nov 3, 13:38:07
- Football is not a good investment (NCFC) - Ben, Nov 3, 12:08:42
- It is disgusting really (NCFC) - Riverking, Nov 3, 11:58:55
  - From my recall the administration saved the Scum just under £10 million (n/m) (NCFC) - KentonCanary, Nov 3, 12:00:16
    - Precisely... (NCFC) - Riverking, Nov 3, 12:01:39
    - and the 30 other clubs who have been through administration (NCFC) - Kebbsy, Nov 3, 12:01:36
      - Just mentioning how much it saved you. Is that ok? (n/m) (NCFC) - KentonCanary, Nov 3, 12:06:44
      - Yes, because it is the rules now (NCFC) - Riverking, Nov 3, 12:04:12
        
        well i think (NCFC) - Kebbsy, Nov 3, 12:05:51
        
        I don't dispute the fact that our club has been poorly run in recent years (n/m) (NCFC) - KentonCanary, Nov 3, 12:08:06
        
        You think... (NCFC) - Riverking, Nov 3, 12:06:54
- Maybe a simplistic view of it all (NCFC) - KentonCanary, Nov 3, 11:46:05
- Has nobody at Ipshit realised... (NCFC) - JoeyDeacon, Nov 3, 11:44:26
  - your lack of understanding is amusing (NCFC) - Kebbsy, Nov 3, 11:49:00
    - WRONG!!! (NCFC) - JoeyDeacon, Nov 3, 11:53:18
      - sorry but you know nothing (NCFC) - Kebbsy, Nov 3, 11:54:04
        
        AGAIN WRONG!!! (n/m) (NCFC) - JoeyDeacon, Nov 3, 11:55:12
        
        well i'll tell you what (NCFC) - Kebbsy, Nov 3, 11:57:30
        
        Come and see me when you have 5 McDonalds stars (NCFC) - JoeyDeacon, Nov 3, 12:00:01
- It'll all end in tears..... (NCFC) - Winky Wanky Woo, Nov 3, 11:22:31
  - read the explanation again (NCFC) - Kebbsy, Nov 3, 11:24:10
    - Too simple, just like the binners. (NCFC) - Winky Wanky Woo, Nov 3, 11:30:23
      - well cling to that if it makes you feel better (NCFC) - Kebbsy, Nov 3, 11:49:32
- He purchased your debt, he didn't clear it. (NCFC) - yarmyyarmy, Nov 3, 11:16:40
  - well............ (NCFC) - Kebbsy, Nov 3, 11:25:17
    - Don't think you really know mate... (NCFC) - Riverking, Nov 3, 12:02:17
    - No, it hasn't. It's called distressed debt. (NCFC) - yarmyyarmy, Nov 3, 11:29:37
      - no it isn't (NCFC) - Kebbsy, Nov 3, 11:51:22
        
        The debt to NU was explicit (NCFC) - yarmyyarmy, Nov 3, 12:18:10
        
        so the £37m has become £20m now has it? (NCFC) - Kebbsy, Nov 3, 14:08:21
- You couldn't make this quote up.... (NCFC) - sixthgo, Nov 3, 11:10:15
  - you understand why that protects them though? (NCFC) - Kebbsy, Nov 3, 11:13:18
    - Kebbsy, please take off the rose tinted specs... (NCFC) - sixthgo, Nov 3, 11:34:03
    - I'm not sure that it "protects" you (NCFC) - The King of Prussia, Nov 3, 11:27:35
      - well if he is in it solely for the money (NCFC) - Kebbsy, Nov 3, 11:28:55
        
        or rather (NCFC) - blindasabat, Nov 3, 11:51:49
        
        run where exactly? (NCFC) - Kebbsy, Nov 3, 11:53:15
        
        you're right, he won't have to run anywhere if nobody knows what he looks like... (NCFC) - blindasabat, Nov 3, 12:02:10
- Wasn't he the auxiliary fireman on Fireman Sam? (n/m) (NCFC) - Auckland Rob, Nov 3, 11:07:10
- what happens after the 12 mill is spent over thi and next season (NCFC) - craggyisland04, Nov 3, 11:05:34
  - well its simple (NCFC) - Kebbsy, Nov 3, 11:06:34
    - WHO CARES?!?!? (NCFC) - Auckland Rob, Nov 3, 11:12:30
      - no I'm not (NCFC) - Kebbsy, Nov 3, 11:13:53
        
        I am in no doubt that you're intelligent. (NCFC) - Winky Wanky Woo, Nov 3, 11:36:41
- Fucking hell you are sanctimonious aren't you. Why are you still pretending to be (NCFC) - Yellalee, Nov 3, 11:02:07
  - I lived in Norwich for 15 years (NCFC) - Kebbsy, Nov 3, 11:05:31
    - You had an 'affection' for our club...... (NCFC) - Winky Wanky Woo, Nov 3, 14:03:47
- corrrrr! your so clever................. (NCFC) - Chopper, Nov 3, 11:00:37
  - well many people on this board (NCFC) - Kebbsy, Nov 3, 11:03:59
    - Or the alternative viewpoint... (NCFC) - Yellalee, Nov 3, 11:06:51
      - sorry but thats just clutching at straws (NCFC) - Kebbsy, Nov 3, 11:08:32
- they have 12 million but so do watford, charlton etc?? (NCFC) - craggyisland04, Nov 3, 10:59:57
- they have 12 million but so do watford, charlton etc?? (NCFC) - craggyisland04, Nov 3, 10:59:57
  - Well of course (NCFC) - The King of Prussia, Nov 3, 11:07:50
    - one of the more intelligent views i've seen on here (NCFC) - Kebbsy, Nov 3, 11:10:28
- sounds so very, very reasonable, but.. (NCFC) - Gorleston Rob, Nov 3, 10:59:45
  - well whichever 3 clubs went down that season (NCFC) - Kebbsy, Nov 3, 11:02:55
- Maybe being so highly qualified (NCFC) - trueyellow, Nov 3, 10:58:20

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