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1 of 1- Arabnophobia
- Tekel Towers LEGEND
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- Registered: 12/8/2014
- Posts: 3,635
Help! confused about United's debt
Ken there's other topics on this but I've been confused by the term"real debt" over 2 years ago to debt now.
ST did an interview after selling Jonny Russell and switching bank debt to soft loans where he stated that, "It's now the actual real debt is £2.1m, which is the loan notes." That statement was printed on 21st Feb 2014.
Interview still available in print and audio. ...
We then sold Gauld, Robertson, Armstrong, GMS,Ciftci, McGowan and Souter.
Is it as simple as he resurrected the family debt? Confused by the term "actual real debt" to the actual real debts we have now.
- Arab_plumber
- Tekel Towers 1st Team
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- Registered: 28/7/2015
- Posts: 912
Re: Help! confused about United's debt
Its his tribute to Paul Daniels.........the money has disappeared, its MAGIC
- Arabnophobia
- Tekel Towers LEGEND
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- Registered: 12/8/2014
- Posts: 3,635
Re: Help! confused about United's debt
Arab_plumber wrote:
Its his tribute to Paul Daniels.........the money has disappeared, its MAGIC
Now that's what I call tragic!
- •
Thread Starter- scarpia
- Unregistered
Re: Help! confused about United's debt
Phobia - it is a classic ST moment.
Debt is debt and I've never come across debt that wasn't real.
The family debt (related party loans) never went away (at least not until now) and actually increased from £453k in 2013 to £651k in 2014 ( presumably to cover the costs of the loan switch and/or provide working capital.
Just loved making himself look good and in the process has managed to alienate a substantial chunk of our support.
I have defended him in the past and will continue to do so when I think he's been unfairly criticised but God knows he can be a complete tit at times and obviously has no idea about the correct way to go about communicating with people.