Reply With QuoteYep.... Unless all the articles over the past 12 months stating we paid off msd and the loan is now elsewhere with different termsOriginally Posted by kritichris
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Are you positive Pete?
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Yep.... Unless all the articles over the past 12 months stating we paid off msd and the loan is now elsewhere with different terms
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That's the story doing the rounds P.P., we repaid the original loan with a restructured loan from an Aussie outfit if I recall the situation correctly? I think S.c. has the proper story.
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The story currently doing the rounds...
Burnley face financial crisis after increase in debt.
The club’s bank loans have increased to £70 million, according to the documents, bringing its total debt to £81 million, up from £53 million in their 2021–22 accounts.
There is a huge risk of the club going into financial trouble because of their high debt if they are relegated from the Premier League this season.
Repayment of a £65 million loan from MSD Holdings, which was obtained at the club’s acquisition in 2020 and is due by 2027, is currently underway.
Unless I'm not reading these sort of stories correctly we must be on the cusp of some sort of financial penalty.
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It's doing the rounds, but taken from an unreliable site, and as already shown is factually wrongThe story currently doing the rounds...
Burnley face financial crisis after increase in debt.
The club’s bank loans have increased to £70 million, according to the documents, bringing its total debt to £81 million, up from £53 million in their 2021–22 accounts.
There is a huge risk of the club going into financial trouble because of their high debt if they are relegated from the Premier League this season.
Repayment of a £65 million loan from MSD Holdings, which was obtained at the club’s acquisition in 2020 and is due by 2027, is currently underway.
Unless I'm not reading these sort of stories correctly we must be on the cusp of some sort of financial penalty.
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It looks like they are simply extrapolating what's written in the Financial Statement.
How's it wrong P.P.?
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5 years plan is bollox when your revenue streams crash through relegation. The bee all and end all is premier league survival.
The numpties who run the show, just don't get that, or they do but their incredibly stupid
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Do we still have a loan with MSD?It looks like they are simply extrapolating what's written in the Financial Statement.
How's it wrong P.P.?
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I believe not P.P.
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I believe not as well, yet the article suggests we have
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