Nobody, myself included, has jumped down your throat. The question was where do you you get 200 million from? Oh, it was a wind up blah blah. Wind up? Tosh,ya got got caught out being silly.
The point is SW, that the accounts show the first debt owed to Allamhouse as £41m not £30m. Gone for a Walk was making a point that we will be worse off now than when the Allams stepped in. No one challenges that view or his figures. If the only debt left is the £30m that AI converts to a loan. We are still better off than when the Allams came in.
The debt wasn't £40m when the Allams took over (only after they'd run it for a year), but it is over £40m now.
SydneyTiger14 In the interests of accuracy, if anything, it would be libellous as it was in a written permanent form. MoH
Shock horror, staunch Allam apologist makes up numbers to try to justify his usual shyte .. who knew !
Pfft, I'm the only one that's been right from the get go. I said we'd never get new owners, and here we are, getting second hand ones.
So you believe that the club is no better off now than when the Allams took it over and the debt was £30m, because that is what the original post said. People post ****e but its ok, because it is about the Allams. Between the period 17 December 2010 to 31 July 2011 the Allams loaned the club £41m. That's in the first six months OLM Extracted from the company accounts 2010 to 2011 lodged in Companies House Directors The following persons served as directors during the year A Allam appointed 17 December 2010 E Allam appointed 20 December 2010 RD Bartlett resigned 17 December 2010 JP Craddock resigned 12 November 2010 Balance Sheet as at 31 July 2011 Creditors falling due within one year (10,169,633) Allamhouse Limited (41,005,701) As at 31 July 2010 (43,255,803)
Shock horror, staunch Anti Allamist believes any old ****e. It shows that the club had debts of £43m in July 2010 The club had loans with Barclays and Investec that the Allams settled as well as the £27m that OLM refers to which was to settle the Petition of HMRC.
Ha ha! Name actually comes from this… Ming was a tiger that became notable when he was found living in an apartment in Harlem, New York City, United States, in October 2003. May he (Ming) rest in peace… MoH
I'm aware of that, but that wasn't inherited debt, that was inherited debt + spending, which was £4m on fees alone (along with an increased wage bill) and doesn't change the fact that the debt then was the same as the debt now.