and she will be getting 10 million back on shares and 1.5 million loan

more than she invested. (obviously not what she would have got investing it elsewhere, but effectively she would not have given any money to the club)

Posted By: phrankin on July 1st 2008 at 11:46:20

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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