It wasn't wiped out, it was transferred from the Bank to Ashley thus saving interest. As NUFC is not a PLC, it was sensible for him to do this, as any interest would be paid by him as he is the sole owner of the club.
The debt has been added to the cost of the club and will be included when it is sold.
Some think Ashley is doing 'the club' a favour by paying off the Bank loan (not wiping out the debt) yes he's stopped the interest having to be paid on that loan, but as he owns the club and has the means to pay off the loan, he is the one who benefits, as the clubs debt is his debt not shareholders.
so as you say to me tell me the facts
tell me how much we charge others for advertising pitch side and tell me how much tha generates
what would the interest payments be on our debt??
beariing in mind if we only paid the interest we would always have the debt
you continually make these accusations that he gets free advertising that more than covers the payments
well tell us how much wecharge others for pitch side advertising and how much we should be charging sports direct
How does FROM £25,000 per minute grab you then. And this is from two years ago, we know how prices have increased since then. And there are all of the Sports Direct Tat Static advertising boards in every conceivable space on top of that.
Nick Thompson
Nick Thompson, I have been a fan, a sponsor, a club secretary and a club CEO
Answered Nov 1, 2015
I assume you are talking about the LED boards around the pitch? These will be a mix of central sales and local sales, with the providers of the board taking an amount of time, depending on whether the boards have been purchased, are leased or have been provided free, for the advertising and leaving the balance for local sales. Normally you will sell the 90 minutes plus 2 for first half extra time and 3 minutes for second half extra time.
Normally you would have exclusivity clauses within sectors.
LED's can cost from £25,000 per minute for the season with the money going to the club.
Last edited by ex_pat_magpie; 23-08-2017 at 10:52 PM.
contradictory or what. on the cup exit thread you are slating rafa for not having a cup run that brings in extra revenue.... the only revenue would be from gate money and maybe tele money if chosen to be on tele. so either gate money is worth having or it isn't. make your friggin mind up
and whilst on about this debt....... ashley has more than doubled the debt since he took over.