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Our debt?

Valley_floyd_redValley_floyd_red
edited December 2010 in General Charlton
Can anyone explain to me approximately how much debt we are or are not in? I've kind of lost track of how it all works.

Comments

  • sam3110sam3110
    I believe it is just £7 million, all owed to people within the Charlton setup......
  • Valley_floyd_redValley_floyd_red
    That's not a horrendous figure although I would unsustainable in our current league. What ever happened to the tens of millions of pounds we were supposed to owe?
  • WheresmeticketWheresmeticket
    edited December 2010
    £30m written off when Baton bought in I believe? That £5m or £7m would have been enough to take us down the same road as Plymouth by summer if no buyer found...and with the courts maybe looking for a highish profile but expendable (sorry, but...) club to make an example of we could well have been in the frame...
  • MaglorMaglor
    £5m to the banks secured bt the ground - £5M to Murray - £7M to shareholders who wrote off £20m of loans only repayable in installments if we get to Premier league

    The loan to Murray will be reoaid on takeover I am sure
  • gilbertfilbertgilbertfilbert
    edited December 2010
    [cite]Posted By: Maglor[/cite]

    The loan to Murray will be reoaid on takeover I am sure

    If you mean the money owed to Murray, I doubt it.
  • Valley_floyd_redValley_floyd_red
    Richard Murray deserves a statue erected next to Sam Bartram.
  • ScohamScoham
    £7m mortgage to Lombard
    £1m loan from HSBC
    £7m to directors, repayable over 3 years when/if we get back to the Prem

    Taken from the EGM thread in August.
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