BrahimHemdani 1 Posted May 8, 2014 Share Posted May 8, 2014 No? The directors have been walking away with large sums of money have they not. The monthly loss that we are making that will of course come from that money they have been taking away. No! I have a wee feeling the club will be in debt. The only debt the club might have at present is if it has drawn down on any part of the £1.5m facilities recently secured. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted May 8, 2014 Share Posted May 8, 2014 Wallace might forget about his 100% bonus of course and give it to the club. You think? Who knows whether he'll be granted it or take it in whole or in part. Either way it has no bearing on our current finances. 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted May 8, 2014 Share Posted May 8, 2014 The money must go into the club otherwise we wouldn't be able to pay a bill, never mind pay the players and coaches. The extent of our debt would be internal loans it seems Are you not answering your own question? Directors get their pay off. Running of the club is covered by loans. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted May 8, 2014 Share Posted May 8, 2014 The only debt the club might have at present is if it has drawn down on any part of the £1.5m facilities recently secured. The club is owe the company circa £19m does it not? 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted May 8, 2014 Share Posted May 8, 2014 Are you not answering your own question? Directors get their pay off. Running of the club is covered by loans. We've been using loans to run the club for two years? 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted May 8, 2014 Share Posted May 8, 2014 Who knows whether he'll be granted it or take it in whole or in part. Either way it has no bearing on our current finances. No but the huge bonuses of his predecessors do have an effect on our current finances. Oh yeh I forgot this board are different. They don't even mention bonuses in their contracts. Aye right. 0 Quote Link to post Share on other sites More sharing options...
andy steel 0 Posted May 8, 2014 Share Posted May 8, 2014 We've been using loans to run the club for two years? In effect. The IPO and ST monies could be seen that way, except investors and fans have had fuck all back. 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted May 8, 2014 Share Posted May 8, 2014 We've been using loans to run the club for two years? Oh well that makes it okay then. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted May 8, 2014 Share Posted May 8, 2014 Oh well that makes it okay then. I'm just trying to look at facts here rather than hyperbole. I'm not disputing we've spent too much money but it's simply not true to talk as if it's all gone into pockets 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted May 8, 2014 Share Posted May 8, 2014 I'm just trying to look at facts here rather than hyperbole. I'm not disputing we've spent too much money but it's simply not true to talk as if it's all gone into pockets but millions have gone into pockets though. as were dealing in facts only. 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.