I think it's all getting a bit overinflated to be honest...

The big loan was the securitisation (18m - ish) which was to consolidate all our existing debts and finance the new south stand. I think that's down to about 12M now.

The NU corner is obviously nearly paid off.

The money for the laurence scott land can be viewed as a necessisty to bridge the gap between buying the land and selling it to the developers for a profit. Without the loan, we don't get the profit.

You can even look at money owing for e.g. fitting out the offices in the south stand - the cost of the loan is covered by the rent, and we pocket the difference. Restaurants / catering etc all provide income more than justifying the original outlay.

Posted By: Boris Johnson MP, Oct 21, 20:26:05