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Thread: Mounting debts

  1. #21
    Join Date
    Jan 2005
    Posts
    13,360

    re: Mounting debts

    [quote="Rotherhamowl10"]We are in a far better position than most Championship clubs. The accounts show that we're a more efficient business than last time and are sustaining smaller losses; despite the loans that we have taken out. We're heading in the right direction, but still have plenty of work to do.

    The net debt to Milan is now over 10m, I believe any potential investor would have to clear the loans (15m), overdraft (1.5m) and any other costs which may be added from agreed contracts with our creditors (Allen, Co-op). He's still only in for a little over 20m, which could be returned overnight if you get promotiona;yes, the possibility is slim, but the Blackpools, Crystal Palace's and Burnleys have managed to 'get lucky'.

    We are well placed to deal with the FFP - how many other clubs can say that? Long term I am sure Milan has a vision should investment not come. The 4 million loss per year is pennies compared to other clubs. The club is running at ca

  2. #22
    Join Date
    Apr 2006
    Posts
    1,703

    re: Mounting debts

    [quote="aussieowl"]We are in a far better position than most Championship clubs. The accounts show that we're a more efficient business than last time and are sustaining smaller losses; despite the loans that we have taken out. We're heading in the right direction, but still have plenty of work to do.

    The net debt to Milan is now over 10m, I believe any potential investor would have to clear the loans (15m), overdraft (1.5m) and any other costs which may be added from agreed contracts with our creditors (Allen, Co-op). He's still only in for a little over 20m, which could be returned overnight if you get promotiona;yes, the possibility is slim, but the Blackpools, Crystal Palace's and Burnleys have managed to 'get lucky'.

    We are well placed to deal with the FFP - how many other clubs can say that? Long term I am sure Milan has a vision should investment not come. The 4 million loss per year is pennies com

  3. #23
    Join Date
    Oct 2008
    Posts
    6,237

    re: Mounting debts

    [quote="aussieowl"]We are in a far better position than most Championship clubs. The accounts show that we're a more efficient business than last time and are sustaining smaller losses; despite the loans that we have taken out. We're heading in the right direction, but still have plenty of work to do.

    The net debt to Milan is now over 10m, I believe any potential investor would have to clear the loans (15m), overdraft (1.5m) and any other costs which may be added from agreed contracts with our creditors (Allen, Co-op). He's still only in for a little over 20m, which could be returned overnight if you get promotiona;yes, the possibility is slim, but the Blackpools, Crystal Palace's and Burnleys have managed to 'get lucky'.

    We are well placed to deal with the FFP - how many other clubs can say that? Long term I am sure Milan has a vision should investment not come. The 4 million loss per year is pennies com

  4. #24
    Join Date
    Jan 2005
    Posts
    13,360

    re: Mounting debts

    [quote="Rotherhamowl10"]We are in a far better position than most Championship clubs. The accounts show that we're a more efficient business than last time and are sustaining smaller losses; despite the loans that we have taken out. We're heading in the right direction, but still have plenty of work to do.

    The net debt to Milan is now over 10m, I believe any potential investor would have to clear the loans (15m), overdraft (1.5m) and any other costs which may be added from agreed contracts with our creditors (Allen, Co-op). He's still only in for a little over 20m, which could be returned overnight if you get promotiona;yes, the possibility is slim, but the Blackpools, Crystal Palace's and Burnleys have managed to 'get lucky'.

    We are well placed to deal with the FFP - how many other clubs can say that? Long term I am sure Milan has a vision should investment

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