Chesterfield sold (1 Viewer)

italiahorse said:

Paid off by who ?
Surely it would be part of the package of buying the club.
Are you saying that a buyer would give Sisu say £20M to satisfy the debt and get nothing for it ?
Then separately buy the club so it has no debt.
Why in hells name would someone do that ?
No, the whole package bought will include the debt and need to be financed by the club in the future.

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Nick said:

What are you going on about now? I didn't say anything about transactions, I just said that's what they would want. To get some of their debt paid off.
That's why hoffman isn't looked at twice.

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italiahorse said:

I give up.
You seem to think someone will pay off some of the debt and it will not effect the club.
Read what OSB58 said.
Buy the club not the debt.
Unfortunately Sisu don't agree so it won't happen. Hoffman isn't stupid either.

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Nick said:

I haven't said they would, I said that's what they want and what it would need. That's why hoffman gets rejected straight off.

You said if they pay sisu off the club would be in debt, I said they wouldn't.

Wasps took on debt didn't they? Which was the point made.

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fernandopartridge said:

As a non-accountant I found the Chesterfield accounts to be easier to understand, with income and expenditure more clearly labelled. It appears that Chesterfield include incoming transfer fees as turnover, CCFC do not. Why is that?

CCFC accounts include interest of £2.4m, Chesterfield £244k

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cloughie said:

And there we have it £2.4 million as oldskyblue said maximum invested £33million return of over 7% each year is a good investment. That's why they are here

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BackRoomRummermill said:

That's easy TAX liability

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cloughie said:

And there we have it £2.4 million as oldskyblue said maximum invested £33million return of over 7% each year is a good investment. That's why they are here

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