Re: Whitehaven in trouble? : Mon Apr 12, 2010 8:21 am  

Cougars,Rams promoted,both in debt.One step forward ,two back.
Same with Donny.

Re: Whitehaven in trouble? : Mon Apr 12, 2010 9:09 am  

guess who wrote:

300k is not to bad.
I know of teams who had more debt and still did OK in this league.

I suppose it's all relative.

Any debt is only bad if it can't be paid back. And if is true their credit rating is suspended they'll have a heck of a job trying to refinance it.

Re: Whitehaven in trouble? : Mon Apr 12, 2010 1:16 pm  

Stealth Comic wrote:

I suppose it's all relative.

Any debt is only bad if it can't be paid back. And if is true their credit rating is suspended they'll have a heck of a job trying to refinance it.

People can have over 300k worth of debt.
Not pay it back and still keep going as if everything is OK.

Re: Whitehaven in trouble? : Mon Apr 12, 2010 1:31 pm  

guess who wrote:

People can have 300k worth of debt.
Not pay it back and still keep going as if everything is OK.

Clubs can have £182k worth of debt, not pay it back, and end up well and truely stuffed

Re: Whitehaven in trouble? : Mon Apr 12, 2010 1:56 pm  

Stealth Comic wrote:

Clubs can have £182k worth of debt, not pay it back, and end up well and truely stuffed

Only 182k, are you sure of that figure?

Re: Whitehaven in trouble? : Mon Apr 12, 2010 3:45 pm  

Sorry, a club can have a £183k debt, not pay it back and be well and truely stuffed.

Re: Whitehaven in trouble? : Mon Apr 12, 2010 4:49 pm  

GW and Stealth the final figure is not relevant anymore its done and dusted now its semantics.

I am not concerned about Whitehaven or anyother club, no one was interested in us, that being said I would take no pleasure in a club under like we did but also if it helps the cougars I would not lose sleep over it.

Re: Whitehaven in trouble? : Mon Apr 12, 2010 5:54 pm  

I think GW is referring to a club who had £183k of tax debt, £68k of trade debt, and £310k of private investor debt - all in his own roundabour way you understand - but you didn't hear from me

Re: Whitehaven in trouble? : Mon Apr 12, 2010 6:07 pm  

Catfink wrote:

I think GW is referring to a club who had £183k of tax debt, £68k of trade debt, and £310k of private investor debt - all in his own roundabour way you understand - but you didn't hear from me

Catfink nice to see you on here are you just passing through like a vindaloo

As previously mentioned the size of any clubs debt does not concern me its the end result I am bothered about but its time to move on whilst not forgetting. I am bored of even myself prattling about it.

Re: Whitehaven in trouble? : Mon Apr 12, 2010 6:47 pm  

girl power wrote:

Catfink nice to see you on here are you just passing through like a vindaloo

As previously mentioned the size of any clubs debt does not concern me its the end result I am bothered about but its time to move on whilst not forgetting. I am bored of even myself prattling about it.

If your not interested in any of this, dont bother making any more comments on it.
If other people want to then they can carry on.