Peter Parker
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Richard Walker
You have been sentenced to DELETION!
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Post by Peter Parker on Apr 4, 2016 12:29:18 GMT
I was under the impression Wael had paid off all the club debt, so essentially the club should be making considerably more profit than simply making an allowance for an increase in head count on the gate; I am no accountant, Wael and his family own a bank, they know what they are doing, I am so glad the club is no longer being run by Higgsie, Boycie and tony-the-till. UTG They have paid of the Wonga loan.
as for the other debt, Wael said it would be paid over time
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Deleted
Joined: January 1970
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Post by Deleted on Apr 4, 2016 14:02:21 GMT
Watola was the only one that got paid as far as i know Quite right , BUT the Board members received interest on their loans/bonds of between 2.5 and 4% which is a considerable saving now. But I think they waived any payments of interest on money loaned to the club rather than make a difficult financial position even more perrilous
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Deleted
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Post by Deleted on Apr 4, 2016 14:04:15 GMT
I was under the impression Wael had paid off all the club debt, so essentially the club should be making considerably more profit than simply making an allowance for an increase in head count on the gate; I am no accountant, Wael and his family own a bank, they know what they are doing, I am so glad the club is no longer being run by Higgsie, Boycie and tony-the-till. UTG You may well not be an accountant but you must have noticed all the new names being employed. Are they doing the work for free, out of some charitable reason? Or are they employed by Dwayne sports?
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Deleted
Joined: January 1970
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Post by Deleted on Apr 4, 2016 14:05:48 GMT
So Geoff hasnt been entirely honest? I wont say lied as i dont want to get in trouble You are correct,Simon,GD never took any interest on his loans or even asked for his loans b ack when he left he board
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,282
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Post by kingswood Polak on Apr 4, 2016 15:22:06 GMT
So Geoff hasnt been entirely honest? I wont say lied as i dont want to get in trouble You are correct,Simon,GD never took any interest on his loans or even asked for his loans b ack when he left he board I did think it unusual that he only had a partial repayment of the Deltavon monies
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Peter Parker
Global Moderator
Richard Walker
You have been sentenced to DELETION!
Joined: May 2014
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Post by Peter Parker on Apr 4, 2016 15:28:46 GMT
So Geoff hasnt been entirely honest? I wont say lied as i dont want to get in trouble You are correct,Simon,GD never took any interest on his loans or even asked for his loans b ack when he left he board Thanks Padstow. I was positive that Geoff said he never took any interest on the loans (or any other directors at x point in time whenever it was)
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Post by fanatical on Apr 5, 2016 8:48:57 GMT
You are correct,Simon,GD never took any interest on his loans or even asked for his loans b ack when he left he board Thanks Padstow. I was positive that Geoff said he never took any interest on the loans (or any other directors at x point in time whenever it was) loans and the interest due thereon can be paid in many ways - and one can be selective in the term loan
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Deleted
Joined: January 1970
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Post by Deleted on Apr 5, 2016 14:03:28 GMT
Explain
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