soulboy 2,518 Posted November 12, 2014 Share Posted November 12, 2014 Cuntshttp://www.eveningexpress.co.uk/news/local/aberdeen-fc-secure-14-49m-deal-to-wipe-out-debts-1.678610?2 Quote Link to post Share on other sites More sharing options...
BridgeIsBlue 66,606 Posted November 12, 2014 Share Posted November 12, 2014 Meh,still a wee diddy scumbag cuntish club when they were in debt,will make no difference now. Quote Link to post Share on other sites More sharing options...
Jonok 1,245 Posted November 12, 2014 Share Posted November 12, 2014 I think their stadium since 1903 is getting sold to build flats and they will be building a new onewith the money raised. Quote Link to post Share on other sites More sharing options...
AlBear. 8,499 Posted November 12, 2014 Share Posted November 12, 2014 £14 million for 20% of Aberdeen FC... They got mugged. Quote Link to post Share on other sites More sharing options...
GOAT 30,449 Posted November 12, 2014 Share Posted November 12, 2014 TBH, Scottish fitbaw could use a strong sheep shaggers with a new stadium to challenge us and the bheggers one day. Quote Link to post Share on other sites More sharing options...
bluedylan 11,555 Posted November 12, 2014 Share Posted November 12, 2014 To be fair at least they have found people who are willing to put money where their mouth is Quote Link to post Share on other sites More sharing options...
Brackley 1,401 Posted November 13, 2014 Share Posted November 13, 2014 They're not debt free. All they have done is reshuffle their balance sheet by moving the debt liability to share capital so now they owe the money to the shareholders instead of an individual.When Ashley does the same with his loans being converted to shares I await with interest the DR headline stating Rangers are now debt free. Naw don't think so, it'll probably be a hatchet job on Ashley. Quote Link to post Share on other sites More sharing options...
Brackley 1,401 Posted November 13, 2014 Share Posted November 13, 2014 Also I didn't see anything in that article that says the sheep made a profit only states turnover and wage costs were up. Quote Link to post Share on other sites More sharing options...
The Educator 1,572 Posted November 13, 2014 Share Posted November 13, 2014 And you don't seem to be seeing anything about bank debt either. I would be very surprised if a club had over £14m in debt and none of it was owed to bank. Perhaps I'm wrong, but haven't we seen similar stories being spun regarding another two SPL clubs over the last two years only to find out that the banks had either converted debt into a shareholding or wiped the sums owed? Quote Link to post Share on other sites More sharing options...
NixonRFC 1,333 Posted November 13, 2014 Share Posted November 13, 2014 Kilmarnock and Dundee Utd...both clubs shifted their debt to fans of the particular club, they basically paid off the bank debt so the clubs owe them the money now although I think neother club now has to pay any interest now on their debt and its over a far longer period than they had with the banks.Also, I think the banks took a big hit in what was owed to secure the millions they did recieve in one go as well, its good business all round to be fair, any club in the World would be stupid not to convert that into a good news story, particularly ones who have been living close to the edge and in Kilmarnock's case, over the edge Quote Link to post Share on other sites More sharing options...
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