[TABLE]
[TR]
[TD=bgcolor: #e7eaef, align: left]blueballoo2000 Posted on 08/11/2012 01:14
scum 24 million in debt[/TD]
[TD=bgcolor: #e7eaef, align: right]
Report Message | Email Message To A Friend | Reply To Message [/TD]
[/TR]
[TR]
[TD=bgcolor: #e7eaef, colspan: 2][/TD]
[/TR]
[TR]
[TD=bgcolor: #e7eaef][/TD]
[TD=bgcolor: #e7eaef, align: right][/TD]
[/TR]
[TR]
[TD=bgcolor: #e7eaef, colspan: 2, align: left]Unfortunately for you kraken, the £33m converted from debt to equity has now been converted into secured debt again via a floating charge on all the clubs assets to a BVI company.
Therefore, iro £60m in debt - and counting as the club is losing money every week and has just spent £30m in the transfer market.
What goes around comes around in terms of making accusations like cheating - things change with owners and what they could afford one year is a different story the next, [/TD]
[/TR]
[/TABLE]