The debt collecting agency is still counted as a footballing debt, so the embargo remains. They did a deal with sunderland about rescheduling payments. I hope we get the money as we need it for the rebuilding and that elusive consistant goal scorer.
[quote][cite]Posted By: vff[/cite]The debt collecting agency is still counted as a footballing debt, so the embargo remains. They did a deal with sunderland about rescheduling payments. I hope we get the money as we need it for the rebuilding and that elusive co[/quote]
My point was that the debt may have been factored and that we may have already had the money!
[quote][cite]Posted By: Harveys Trainer[/cite]I wonder how much we actually got after selling it to a debt collector.[/quote]
I think typical factor fees are 2.5% to 5%. This may have been at the higher end as we are getting the cash up front, and the agency wouldn't be getting it for a year.
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My point was that the debt may have been factored and that we may have already had the money!
I think we got £11m - £12 for Bent from £17.5m, so along those lines £300k - £400k.
That's only because a lump of the bent money went to ipswich.
Factoring varies but 90 to 95% to my knowledge but then I've only sold quite different types of debts and a while OK.
I think typical factor fees are 2.5% to 5%. This may have been at the higher end as we are getting the cash up front, and the agency wouldn't be getting it for a year.