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Hallett investment (£3.5m)
- Thread starter the corkscrew
- Start date
Considering the grandstand loan had already been converted into equity, i didn't even know we had £3.5m of debt left
:nworthy:
Fantastic Mr and Mrs H.
Though always worry about what happens about finding a successor for the Halletts.
Fantastic Mr and Mrs H.
Though always worry about what happens about finding a successor for the Halletts.
I understand the need for the cash injection. But the equity isn't replacing a future shortfall. It's replacing a current debt. As far as I understand, but I'm not a an accountant at all.
But just to counter the suggestions i was casting doubt on the investment, this is another example of the Halletts' generosity.
On a side issue I listened to the Peterborough chairman, who said he was budgeting for the worst case scenario of zero fans this calendar year. 'anything else is gravy'. That's approx 4 months, half of the season, and for Argyle would be something like £2.5m - £3m less revenue than expected. Not saying its going to happen but prudent managers will be planning for that scenario.
On a side issue I listened to the Peterborough chairman, who said he was budgeting for the worst case scenario of zero fans this calendar year. 'anything else is gravy'. That's approx 4 months, half of the season, and for Argyle would be something like £2.5m - £3m less revenue than expected. Not saying its going to happen but prudent managers will be planning for that scenario.
Ponty":3de1g9j4 said:
Echo this.
Get through what l think will be a tough season in league one because of financial restrictions, and then push on season after.
IJN":3ov6uytf said:
Totally unbelievable. Unfortunately there are many chuffing idiots about including some who associate with Argyle.
