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Paul Murray on Real Radio tonight


boss

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Paul Murray is a liar (he can sue me if he wants). He twice stated on RR that during his time on the board, the debt was halved. Here is the timeline:

June 2007 - Net debt £16.5m

Sept 2007 - Paul Murray appointed

June 2008 - Net debt £21.5m

June 2009 - Net debt £31.1m

June 2010 - Net debt £27.1m

May 2011 - Paul Murray resigned

June 2011 - Net debt £32.1m*

So the net debt nearly doubled.

Facts, them pesky facts, they usually only exist to catch out lying mhanks.

*Note in May 2011, Whyte paid off the £18m Lloyds loan and for technical reasons, the Whyte/Group loan isn't included in net debt. So the £14.1m net debt actually disclosed in the 2011 accounts has been adjusted so that the above table is comparing like with like.

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Paul Murray is a liar (he can sue me if he wants). He twice stated on RR that during his time on the board, the debt was halved. Here is the timeline:

June 2007 - Net debt £16.5m

Sept 2007 - Paul Murray appointed

June 2008 - Net debt £21.5m

June 2009 - Net debt £31.1m

June 2010 - Net debt £27.1m

May 2011 - Paul Murray resigned

June 2011 - Net debt £32.1m*

So the net debt nearly doubled.

Facts, them pesky facts, they usually only exist to catch out lying mhanks.

*Note in May 2011, Whyte paid off the £18m Lloyds loan and for technical reasons, the Whyte/Group loan isn't included in net debt. So the £14.1m net debt actually disclosed in the 2011 accounts has been adjusted so that the above table is comparing like with like.

Nice one boss 00000042.gif

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Paul Murray is a liar (he can sue me if he wants). He twice stated on RR that during his time on the board, the debt was halved. Here is the timeline:

June 2007 - Net debt £16.5m

Sept 2007 - Paul Murray appointed

June 2008 - Net debt £21.5m

June 2009 - Net debt £31.1m

June 2010 - Net debt £27.1m

May 2011 - Paul Murray resigned

June 2011 - Net debt £32.1m*

So the net debt nearly doubled.

Facts, them pesky facts, they usually only exist to catch out lying mhanks.

*Note in May 2011, Whyte paid off the £18m Lloyds loan and for technical reasons, the Whyte/Group loan isn't included in net debt. So the £14.1m net debt actually disclosed in the 2011 accounts has been adjusted so that the above table is comparing like with like.

did he say net debt?

sounds like he was doing a pr excercise regardless.

need to give it a listen.

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