Comrade 86 Posted December 11, 2018 Share Posted December 11, 2018 19 hours ago, Carnero said: Oh god another thread where @RamNut drives some of us mad. S.O.S @ramblur What happened to Ramblur? He was quite poorly wasn't he? Link to comment Share on other sites More sharing options...
dan_ram1 Posted December 11, 2018 Share Posted December 11, 2018 I'm sure I read somewhere a couple of years back that Mel converted all the debt into equity/shares, therefore the only debt would be the mortgage on Pride Park? This would explain the low figure Link to comment Share on other sites More sharing options...
Carnero Posted December 11, 2018 Share Posted December 11, 2018 1 hour ago, 86 points said: What happened to Ramblur? He was quite poorly wasn't he? Yes apparently so. He decided to exclude himself from the forum iirc as it was causing too much stress! Link to comment Share on other sites More sharing options...
Comrade 86 Posted December 11, 2018 Share Posted December 11, 2018 Just now, Carnero said: Yes apparently so. He decided to exclude himself from the forum iirc as it was causing too much stress! Oh dear! Well at least it wasn't his illness as such I suppose. I was wondering why he'd disappeared. Link to comment Share on other sites More sharing options...
CWC1983 Posted December 11, 2018 Share Posted December 11, 2018 £3m owed to the bank but for some reason it excludes the £95m the holding company has been given by Mel. Re Forest, the new owners paid off the debt ran up by Fawaz, but Fawaz is still personally due £19m. Link to comment Share on other sites More sharing options...
JuanFloEvraTheCocu'sNesta Posted December 11, 2018 Share Posted December 11, 2018 State of that website. Link to comment Share on other sites More sharing options...
Rev Posted December 11, 2018 Share Posted December 11, 2018 3 minutes ago, CWC1983 said: £3m owed to the bank but for some reason it excludes the £95m the holding company has been given by Mel. Re Forest, the new owners paid off the debt ran up by Fawaz, but Fawaz is still personally due £19m. I'd guess that's technically correct though, the club owes Mel nothing, but the company that owns the club do? Makes me wonder how the £3m is owed though, agreed overdraft perhaps? Link to comment Share on other sites More sharing options...
CWC1983 Posted December 11, 2018 Share Posted December 11, 2018 7 minutes ago, reveldevil said: I'd guess that's technically correct though, the club owes Mel nothing, but the company that owns the club do? Makes me wonder how the £3m is owed though, agreed overdraft perhaps? Id think so. Its a nice round £3,000,000 in the accounts, so id guess thats the overdraft limit. I had a bit of spare time so had a delve into the Price of Football website and read a few articles. Theres a comprehensive one about DCFC's last set of accounts called "respectable?". A lot of the content was discussed here when the accounts were filed. The accounts upto the end of 2018 will make interesting reading to see if the club / holding companies are managing to run without so much support from Mel. Link to comment Share on other sites More sharing options...
G STAR RAM Posted December 11, 2018 Share Posted December 11, 2018 Self imposed posting ban lifted but will make sure I stick to threads where I cannot get in argument! @reveldevil @CWC1983 the £3m is an unsecured bank loan. Can't remember the details but arose around the same time the mortgage was paid off. Seem to remember it not appearing in 2014 but then mysteriously appearing in the comparatives in 2015. Link to comment Share on other sites More sharing options...
CWC1983 Posted December 11, 2018 Share Posted December 11, 2018 7 minutes ago, G STAR RAM said: Self imposed posting ban lifted but will make sure I stick to threads where I cannot get in argument! @reveldevil @CWC1983 the £3m is an unsecured bank loan. Can't remember the details but arose around the same time the mortgage was paid off. Seem to remember it not appearing in 2014 but then mysteriously appearing in the comparatives in 2015. Appreciate the response, cheers. Threads where people post honest comments and listen to each other are what makes this forum worthwhile. Link to comment Share on other sites More sharing options...
TigerTedd Posted December 11, 2018 Share Posted December 11, 2018 2 hours ago, CWC1983 said: Id think so. Its a nice round £3,000,000 in the accounts, so id guess thats the overdraft limit. I had a bit of spare time so had a delve into the Price of Football website and read a few articles. Theres a comprehensive one about DCFC's last set of accounts called "respectable?". A lot of the content was discussed here when the accounts were filed. The accounts upto the end of 2018 will make interesting reading to see if the club / holding companies are managing to run without so much support from Mel. I wish the bank would give me a £3mil overdraft limit. You wouldn’t see me for dust. Link to comment Share on other sites More sharing options...
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