The allegations - and the TRUTH!!
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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, Oct 4, 10:39:32
Follow Ups
- To be fair the securitisation payments are not a big problem
Posted By: Jim, Oct 4, 10:59:15 - 31even if it is his points stands - we had no alternative
Posted By: mr carra, Oct 4, 10:45:57 - 3Wanky Phrases used but arseholes in suits. 1.) Blah Blah Blah ..Going forwards.
Posted By: Snakey, Oct 4, 10:44:29 - 8Surely only in the same way a mortgage is an albatross round a homeowner's neck ?
Posted By: Arganth, Oct 4, 10:41:54 - 2Albatross or millstone? Is there an official dividing line?
Posted By: Partial McAngler, Oct 4, 10:41:42
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