maths with the glaziers

[Chris in London]

We don't know how much the rags debt actually is, and we don't know what interest rate the banks have imposed, but if we assume debt of £800m and interest at 5% p.a. the following amusing calculation occurs.

Every year, the rags are paying £40m in interest alone.

Every day, that equates to £109,589. Every hour that equates to £4,566. Every minute that equates to £76 or £1.26 per second.

So, if you want to play a game which will will amuse you on your way home tonight, check out what time you leave work, and what time you get home, then multiply the number of minutes taken by £76 and you have got how much further the rags have gone into debt since you left work.

Or, click your fingers once, count to four and click them again. The rags lost a fiver in that time.

 

[BlueTG]

The only maths we need to know is..

SCUM + GLAZERS = FINANCIALLY FUCKED ;)

 

[Chris in London]

The only maths we need to know is..

SCUM + GLAZERS = FINANCIALLY FUCKED ;)

I agree, but it's fun knowing just how fucked they are.

 

[gary111]

gonna be playin this with my rag mates tonight ahaa!

 

[bluetoby]

some one said that their interest rate is closer to 14% because of the type of financing !!

 

[BlueTG]

The only maths we need to know is..

SCUM + GLAZERS = FINANCIALLY FUCKED ;)

I agree, but it's fun knowing just how fucked they are.

Yes, good maths on your part btw ;)

 

[Challenger1978]

We don't know how much the rags debt actually is, and we don't know what interest rate the banks have imposed, but if we assume debt of £800m and interest at 5% p.a. the following amusing calculation occurs.

Every year, the rags are paying £40m in interest alone.

Every day, that equates to £109,589. Every hour that equates to £4,566. Every minute that equates to £76 or £1.26 per second.

So, if you want to play a game which will will amuse you on your way home tonight, check out what time you leave work, and what time you get home, then multiply the number of minutes taken by £76 and you have got how much further the rags have gone into debt since you left work.

Or, click your fingers once, count to four and click them again. The rags lost a fiver in that time.

The year they won the league and the champions league there debt increased by £60 mill.

 

[BlueTG]

BTW while on the financial side of things, can anyone clarify that we are not in any form of debt as a club? Because you get some dimwit rags who have never been to a PL game, and was arguing with one, and when i said at least were not 700m in debt, they were defiant City were aswell to my amusement of how stupid i thought he sounded..

 

[fbloke]

I reckon you are being very gentle with them at 5% considering the risks such large debts are now considered to be.

To add a smile to most peoples faces add another 1.5% (or 30% to the £76 figure) to you figures and it gets even worse.

I have a friend in banking who has suggested that some of the debt could be on much shorter terms than many imagine and could be as high as 10%. Oh what a shame!

 

[Project]

We have no debt.