Prestwich_Blue
Well-Known Member
Khaldoon's statement said they weren't financing our build-up through debt. So he means they aren't taking on any more. I would imagine, as I've said before, that there are debts incurred through previous regimes that it makes little sense to settle early.mancyman said:
There's the £40m of bonds that financed the fitting-out of CoMS and KK's buying spree. It's also possible that these have been sold round the market, particularly since last year. These may well have been sold at a discount so we could have made whoever now owns them a suitable offer and actually paid them off for less than the headline cost.
Also, just before he sold the club, Thaksin took on around £30m more debt, via a loan from Standard Bank, secured on future TV income. This would presumably be at a high interest rate so it might well make sense to pay this off.
We really won't know for sure until we see the accounts, due out in Feb/Mar 2010.