craig 5,199 Posted February 27, 2009 Share Posted February 27, 2009 They never disclose the debt in the half year accounts (unlike celtic who have different rules as they operate on a different stock exchange from us). My estimate would be around �£30m, but it's difficult to calculate accurately due to lack of information on transfer payments in and out, the JJB payments etc. That is an alarming level of debt again, if accurate. It also, I would imagine, scare off any potential suitors, unless SDM takes the debt with him - but we all know that won't happen ! 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,354 Posted February 27, 2009 Share Posted February 27, 2009 That is an alarming level of debt again, if accurate. It also, I would imagine, scare off any potential suitors, unless SDM takes the debt with him - but we all know that won't happen ! The level of debt would be reflected in the purchase price, so I'm not sure that in itself would scare people off. The more worrying thing is that if we don't qualify for Europe we are looking at a �£10m+ loss, and if we do qualify we will only break-even. Hardly an incentive for anyone to risk their cash. 0 Quote Link to post Share on other sites More sharing options...
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