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Investment

"Meanwhile, in real news, new deputy chairman Yang Yue Zhou has loaned #bcfc $10m 2 balance books, 12% interest. Keep selling."

Not sure who this guy is. Money is money though. Not sure how much that $10m actually converts to though. Someone do the math?

posted on 31/8/11

And exactly how are you pronouncing that one Banjo kid?
If we sign P'tang and Kipperbang to the board

posted on 31/8/11

Bad news that we have to pay that high interest on loaned money must mean we are a bad risk.

posted on 31/8/11

Comment Deleted by Site Moderator

posted on 31/8/11

So even with stripping the club down to the bare bricks almost we still are not balancing the books???

We are taking loans off sharks now? (12% he might as well be)

How much trouble must we be in???
Pannu "the banks are very happy with us"
Obviously not you lying fat m n m lookalike.

I hope these mongrels leave sooner rather than later

KRO

posted on 31/8/11

Apparently he's bringing in a friend who holds lavatory cleaning and laundry contracts all over China,his name is Hoo Flung $hit!

posted on 31/8/11

These Chinese business men are going to bleed us dry, as if they are not rich enough already .

A truely unbelievable situation!

You dont see the other two relegated teams having to sell, sell, sell to survive... so why do we?

posted on 31/8/11

Because Xpat.

1) Blackpool never had much debts.

2) Sully and Gold actually have large sums of cash in the banks and know that West Hams potential in the Prem is big.

3) Yeung is the sole owner, buying a club he paid over the odds for and could not afford and also getting arrested as left us in the stink.

Maybe we have not gone into Administration but i dont recall Portsmouth having to clear out as much, they had to but they still brought in some replacements.

Jerome, Dann, Ridgewell, Beausajour maybe Zigic out but who in....... we could not even afford £750K for Turner or £500K for Ranger (thank god )

The KiD

posted on 31/8/11

... as for taking out a 6M quid loan over 2 years at 12% interest, thats about 800k plus in interest over that period, cant believe we are that desperate!

posted on 31/8/11

Banjo, I know the obvious... I just dont believe we have that much debt

posted on 31/8/11

Xpat i know what your saying and yes if we look simply at the facts of...

Money/Wages spent after Sully and Gold Left, compared to income.

Then money saved in players left and sold compared to lower income.


Then the numbers should not add up to masses of debts that have been branded about, which we dont know 100% what they are, some say its £30M others £60M, my HP Source says it was £23M liabilties plus loss off £40M income but then the cuts and sales should have made that up.

I think the reason has to be that Yeung has paid £30M more than the club is worth and then that £81M was not paid via cash from him so its all debts that BIH has thats owed to banks and secured on St Andrews.

Add to that any money spent over our income is not going to be a gift to the club its going to be loans with interest.

The KiD

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