Donkey dangler
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Confidence Is Not Our Strong Suit!
Donkey dangler replied to YankeeCanary's topic in Main Discussion - Norwich City
Theres loads of Fake News out there! O/T - Yankee Canary - FBIgate is bubbling away....I wonder if its going to include John Brennan (ex CIA director), Hillary Clinton etc ? -
Pink dressing room
Donkey dangler replied to dylanisabaddog's topic in Main Discussion - Norwich City
PS Always the bin childish remark I was watching NCFC when we had to clear snow away from the pitch so the game could go ahead and you were pissing your knickers --> With real "blood and guts" football. Big Dunc et al. -
[quote user="Mello Yello"]KG said regarding Ed''s Spray tan..... It wasn''t all over. He kept his budgie smugglers on..... I also think Ed had put his ill-fittin'' smugglers on back to front - as there were two small scorch holes visible (only in Ultra HD though) on his ''smugglers'' front right hand side - which came from an earlier episode when he was butt tasered by a cop recruit...... His producer also said "shove a courgette down your frontage for the spray tanning sequence".....Ed misheard, and used a cocktail sausage instead.....allegedly.....[/quote] Another BALLS UP!
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[quote user="Nuff Said"]What is wrong with you daly? Everything is NOT about Ed Balls. Did he shag your missus?[/quote] Did he shag yours?
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Pink dressing room
Donkey dangler replied to dylanisabaddog's topic in Main Discussion - Norwich City
Yet again, NCFC make themselves a laughing stock. -
[quote user="lappinitup"][quote user="Donkey dangler"]It wasn''t the total size of the Creditors that "did" Chase, in my opinion it was the £1.467m of Bank overdraft that was the issue. The Late (and Great) Geoffrey Watling RIP. lent the club £1.5m to stabilise the finances. Delia, MWJ. and Michael Foulger (directly and indirectly) then lent the club £1.6m.[/quote]They also paid £500k each (£1m) for seats on the board before they bought Watlings shares.BTW Tangy, you never did tell us - How much did Watling wallet? [:^)][/quote] They didn''t buy the seats they lent the club money (that is what I am referring to above). As for how much money Watling was paid may I suggest you do some homework!
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Sympathy for Daniel ?
Donkey dangler replied to Midlands Yellow's topic in Main Discussion - Norwich City
WE''RE DOOMED! Lets make a Hulse style enquiry. Do you remember when Crewe told us in effect "do one"! -
Jarvis Naismith Windschult McGovern
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It wasn''t the total size of the Creditors that "did" Chase, in my opinion it was the £1.467m of Bank overdraft that was the issue. The Late (and Great) Geoffrey Watling RIP. lent the club £1.5m to stabilise the finances. Delia, MWJ. and Michael Foulger (directly and indirectly) then lent the club £1.6m.
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Oh and during the 30/6/96 - 31/5/03 period the Net Debt increased despite the profits from the player sales and the thing I forgot was the Right Issue.
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DD.: As for the AXA loan notes, roughly half was to refinance the working capital of the club and not the construction costs of the new stand. Comrade Lapdog: And of course, the re-financing included the £7m debt he left us with. Did you forget that bit Tangy? DD.: At the 30/6/96 the Net Debt was £5,290k (k=1,000) 30/6/96 - 31/5/03 --------------------- Profit from the sale of players £10,329k Despite those profits the Net Debt increased by £2,674k. to £7,964k by the 31/5/03. During the following season: ---------------------------------- The AXA Loan Notes were used for the refinancing of the working capital and to pay for the construction of the South Stand. In addition the club made a profit of just over £4m by selling non player assets.
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[quote user="lappinitup"][quote user="Donkey dangler"]Comrade Lapdog, You don''t talk for me either, thank you.[/quote]Time for me to pack up my gear and go I think. Having landed the big one earlier, I''ve just got sprats and minnows nibbling around the hook now. [:D][
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The Barclay stand cost £3m and a bit (might have been £3.1m) and the grant was £2m.
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BTW. the sale of Watson and Woods in effect dug the club out of the financial mess that Chase faced when he took over the club.
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Purple Canary: The problem Smith and Jones had was that the one obvious project that Chase could have done - the rebuilding of the South Stand - he somehow never got round to, leaving it - and the crippling debt it necessitated - to them. DD.: He never got round to it because he had to deal with the Taylor report. If he had not left the club he may have rebuilt the South Stand. As for the AXA loan notes, roughly half was to refinance the working capital of the club and not the construction costs of the new stand.
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