Then he would refinance it elsewhere

with, er, another bank. Have you never remortgaged?!

He would be INSANE to buy a club with its own debt, wipe it out himself and not load it back on to the club. He might as well literally burn ?16m.

Posted By: Holden Caulfield on July 1st 2008 at 11:14:09

Message Thread

Lets get this Cullum thing straight - ?56M is worst case..... (NCFC) - Kirrie, Jul 1, 11:05:42
- I doubt he would have to clear the debt (n/m) (NCFC) - Jim, Jul 1, 11:25:06
  - Its a simple refinance for a man of his net worth. (n/m) (NCFC) - usacanary, Jul 1, 11:34:39
    - he will probably refinance all 4 million of loans to directors too (NCFC) - phrankin, Jul 1, 11:50:41
- The thing that gets to me about all this (NCFC) - pants, Jul 1, 11:06:48
  - Lets say he only get ?10M instead of ?20M.......... (NCFC) - Kirrie, Jul 1, 11:11:44
  - how do you know? (n/m) (NCFC) - Rofl_Harris, Jul 1, 11:09:48
    - pants= half empty (n/m) (NCFC) - TheHoolahanElement, Jul 1, 11:11:49
      - Being realistic, in an new age where football clubs are being asset stripped, shut down (NCFC) - pants, Jul 1, 11:13:13
        
        LOL the irony................... (NCFC) - usacanary, Jul 1, 11:25:00
        
        This is worrying... (NCFC) - TheHoolahanElement, Jul 1, 11:18:21
        
        The whole time Delia has been here, she said she invested 9m and described it (NCFC) - pants, Jul 1, 11:23:00
        
        and she will be getting 10 million back on shares and 1.5 million loan (NCFC) - phrankin, Jul 1, 11:46:20
        
        How much did St. Delia pay for the NCFC shares in the first place. Not 20 Million ! (NCFC) - Army Boy, Jul 1, 11:40:09
        
        I think that's the jist I'm making though (NCFC) - pants, Jul 1, 11:47:38
  - Thanks for clarifying that (n/m) (NCFC) - Holden Caulfield, Jul 1, 11:07:55
- Why would he clear the debt? (NCFC) - Holden Caulfield, Jul 1, 11:06:27
  - The bank may have made it a condition of the loan if the club changes hands! (n/m) (NCFC) - Kirrie, Jul 1, 11:12:58
    - Then he would refinance it elsewhere (NCFC) - Holden Caulfield, Jul 1, 11:14:09
      - Depends...... (NCFC) - Johnny Comecardiff, Jul 1, 11:34:03
        
        You refinance then write down if you get to the............. (NCFC) - usacanary, Jul 1, 11:35:56
        
        ANd Mr Cullum, being the in the top 40 richest people in the UK (NCFC) - phrankin, Jul 1, 11:43:35
      - Of course he could, i was talking worst case - it depends... (NCFC) - Kirrie, Jul 1, 11:33:54
  - He could do either, it depends on the terms negiotated by and with the bank! (n/m) (NCFC) - Kirrie, Jul 1, 11:07:56

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