Money and the loan re the ex LSE land

[Tangible Fixed Assets anyone? 0]

Given that the £2.5m loan (as at 31/5/2007) relating to the ex LSE land is due for repayment by December 2008, it just makes me wonder if any money is being diverted from strengthening the playing squad in order to repay the loan?

[Cannycanary 0]

Everyone has been taking about the credit crunch so this might not be the only loan or overdraft that the club has been asked to reduce.

Creditors may well be shaping our team.

[Mr.Carrow 394]

[quote user="Canary Nut"]Given that the £2.5m loan (as at 31/5/2007) relating to the ex LSE land is due for repayment by December 2008, it just makes me wonder if any money is being diverted from strengthening the playing squad in order to repay the loan?[/quote]

I think Doncaster stated that the loan would be payed off in May- i remember being suprised at the time that we were paying it off early.  IMO that`s what the £3m.ish profit on Earnshaw and Etuhu was about......

[Tangible Fixed Assets anyone? 0]

[quote user="Mr.Carrow"]

[quote user="Canary Nut"]Given that the £2.5m loan (as at 31/5/2007) relating to the ex LSE land is due for repayment by December 2008, it just makes me wonder if any money is being diverted from strengthening the playing squad in order to repay the loan?[/quote]

I think Doncaster stated that the loan would be payed off in May- i remember being suprised at the time that we were paying it off early.  IMO that`s what the £3m.ish profit on Earnshaw and Etuhu was about......

[/quote]

They were also hoping to get a land deal concluded by May 2008......in order to repay the loan early?

 

 

[Badger 0]

Where is this land?

[Mello Yello 2,572]

[quote user="Badger"]Where is this land?[/quote]

In Landan. Me cockernee sparrer!

[Mr.Carrow 394]

[quote user="Badger"]Where is this land?[/quote]

It doesn`t exist.  We, in collaboration with Grant Thornton UK LLP, have made it up to discredit the evil cook and her wily cohorts to thwart their attempts at doing everything in their power to provide the Norfolk public with an entertaining and successful football team raking in the cash in the top flight......

[gazzathegreat 0]

Badger - it''s behind the ground, on it are a few old factory buildings - just directly behind what is now the car park and past the new flats and community football park.

[Syteanric 1]

would that mean the club is close to administration do you think Canny Canary?

 

jas :)

[ellis206 0]

Think it''s obvious the club isn''t near administration, because we have a well run club and spend within our means and thankfully the board don''t listen to idiotic forum users who say "spend spend spend"!!!! but who then would sit back and moan whilst Norwich crumbled! anyway now off to the game, chow

[Mello Yello 2,572]

[quote user="ellis206"]Think it''s obvious the club isn''t near administration, because we have a well run club and spend within our means and thankfully the board don''t listen to idiotic forum users who say "spend spend spend"!!!! but who then would sit back and moan whilst Norwich crumbled! anyway now off to the game, chow
[/quote]

Cheerio then, enjoy your nice lunch in the Top of the Terrace and give Delia a peck on the cheek before you take your seat in the Directionless Box.....lovely.

I''ll give you a wave from the Cathedral lounge......(Harvey Smith style).

[Mello Yello 2,572]

[quote user="Mello Yello"]

[quote user="ellis206"]Think it''s obvious the club isn''t near administration, because we have a well run club and spend within our means and thankfully the board don''t listen to idiotic forum users who say "spend spend spend"!!!! but who then would sit back and moan whilst Norwich crumbled! anyway now off to the game, chow
[/quote]

Cheerio then, enjoy your nice lunch in the Top of the Terrace and give Delia a peck on the cheek before you take your seat in the Directionless Box.....lovely.

I''ll give you a wave from the Cathedral lounge......(Harvey Smith style).

[/quote]

And it''s CIAO!.....

[Tangible Fixed Assets anyone? 0]

Its the loan that we are paying base + 2% interest (roughly £170k per financial year / season) on.

[ellis206 0]

[quote user="Mello Yello"][quote user="Mello Yello"]

[quote user="ellis206"]Think it''s obvious the club isn''t near administration, because we have a well run club and spend within our means and thankfully the board don''t listen to idiotic forum users who say "spend spend spend"!!!! but who then would sit back and moan whilst Norwich crumbled! anyway now off to the game, chow[/quote]

Cheerio then, enjoy your nice lunch in the Top of the Terrace and give Delia a peck on the cheek before you take your seat in the Directionless Box.....lovely.

I''ll give you a wave from the Cathedral lounge......(Harvey Smith style).

[/quote]

And it''s CIAO!.....

[/quote]No its Chow, I was heading to the all you can eat Chinese buffet on the riverside :) . I gave Delia a little kiss from the directors box as well, I gave her a little message from you, just a big thank you for keeping Norwich away from administration where so many other clubs are struggling to make ends meet, most notably clubs recently out of the Premiership, she says thank you for the recognition and she will continue to keep Norwich out of financial trouble.

[Mello Yello 2,572]

[quote user="ellis206"][quote user="Mello Yello"][quote user="Mello Yello"]

[quote user="ellis206"]Think it''s obvious the club isn''t near administration, because we have a well run club and spend within our means and thankfully the board don''t listen to idiotic forum users who say "spend spend spend"!!!! but who then would sit back and moan whilst Norwich crumbled! anyway now off to the game, chow
[/quote]

Cheerio then, enjoy your nice lunch in the Top of the Terrace and give Delia a peck on the cheek before you take your seat in the Directionless Box.....lovely.

I''ll give you a wave from the Cathedral lounge......(Harvey Smith style).

[/quote]

And it''s CIAO!.....

[/quote]

No its Chow, I was heading to the all you can eat Chinese buffet on the riverside :) . I gave Delia a little kiss from the directors box as well, I gave her a little message from you, just a big thank you for keeping Norwich away from administration where so many other clubs are struggling to make ends meet, most notably clubs recently out of the Premiership, she says thank you for the recognition and she will continue to keep Norwich out of financial trouble.
[/quote]

TUT! TUT! On match-day, ignoring all the lovely eating establishments within Carrow Road, preferring instead, to fill your face in the ''Gorge Fest Buffet''......I thought an ardent lover like your ''pud self'' of the NCFC board (including our illustrious and industrious ''Deals no Deals'').....wouldn''t dream of denying the club your precious yen. Doesn''t the club''s menu suit your palate? Or, maybe you just don''t think it''s good value, decent enough quality - and that the portions are too meagre.....

Hope you waddled around the corner to the Gym afterwards - to burn off those oodles of noodles.....

Where you the one sat in the Directionless box, with a chopstick up each nostril going, ''wibble''?

 

 

[Tangible Fixed Assets anyone? 0]

Couple the £1.3m that should have been collected from that owed at 31st May 2007 re the Green and McKenzie transfers to the Shackell transfer and that should cover the £2.5m to be repaid by December 2008.

[Tangible Fixed Assets anyone? 0]

Bump.

[Syteanric 1]

money to fork out for the loan when the Turners promised investment (which now wont happen) would of paid for it...

worrying times ahead

jas :)

[Tangible Fixed Assets anyone? 0]

Bump.