Re: Relegation Confirmed : Sat Sep 16, 2023 11:40 pm
MOPSEY LIVES ON wrote:
he's been a Facebook a few times then he's vanished again
He's talked about ill-health before, so I hope he's okay. Despite whatever differences of opinion people have on here, we all want the same thing: a successful Trin. This forum is just windbag stuff, and I'm sure we'd all have a pint with all the rest of us.
As for debts, the land loan was a necessarily evil required to buy the ground back, but the income from owning the ground should service that debt, and maybe more. Directors loans are a weird thing. Technically, a debt, but that all depends on whether the creditor will ever demand it be repaid, and are a way to reduce tax liabilities. In accounting terms, probably a good thing.
Running at a loss is different to being in debt. I don't know how we're doing there. Most people have mortgages and credit cards, and will be thousands and thousands of pounds in debt, technically. But if you can service them with your salary, it isn't an issue. In fact, servicing debts gets you a better credit rating.