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All of that debt is serviced. All payment schedules are up to date.

What point are you trying to make?

Every club - indeed every business - runs debts.

It's a straight forward principle of business practice.

Of course, if we start to have less income coupled with rising costs, servicing the debt can become problematic. Ask Bradford.

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[color=#BF0000:1qi6asc8]WAKEFIELD FANS ARE BORN, NOT MANUFACTURED.WE DO NOT CHOOSE, WE ARE CHOSEN. THOSE WHO UNDERSTAND NEED NO EXPLANATION. THOSE WHO DONT, DONT MATTER.[/color:1qi6asc8] [color=#0000FF:1qi6asc8]I AM THE SEEKER OF TRUTH AND JUSTICE[/color:1qi6asc8]:d7dc4b20b2c2dd7b76ac6eac29d5604e_34595.jpg



Quote: PopTart "Those accounts are a year old.
The director loans are not going to be transferred and the stadium and other income pays the other loans, same as everyone else who has a mortgage.'"
yes they are the accounts for 2022 which have just been filed, the latest ones on companies, are you saying we are now in a better position

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Quote: MOPSEY LIVES ON "yes they are the accounts for 2022 which have just been filed, the latest ones on companies, are you saying we are now in a better position'"


I don't know. I haven't seen them, but I can say you can't make judgements in the current state of the club based on those accounts.

I don't really understand why you are so worried about them.
Debt is just the way the world works and we have a way of servicing the loans as, unlike a house, this asset earns money...providing they finish it soon.

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Quote: imwakefieldtillidie "I said after the Hull friendly it was a low quality squad. Vastman told me I was wrong and that I was a low quality fan. I wonder if he'll come back tonight and apologise.

No complaints from me, we were the worst team and deserve to go down. Time to clear the decks and start the rebuild.'"


On another note where is that wind bag these days?

Anybody who knew anything about rugby league knew we were in trouble at the Featherstone game
The buck stops with Carter I don’t blame Applegarth he did his best and is the scapegoat for the total and utter mismanagement of the club over the last 4 seasons

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[color=#BF0000:1qi6asc8]WAKEFIELD FANS ARE BORN, NOT MANUFACTURED.WE DO NOT CHOOSE, WE ARE CHOSEN. THOSE WHO UNDERSTAND NEED NO EXPLANATION. THOSE WHO DONT, DONT MATTER.[/color:1qi6asc8] [color=#0000FF:1qi6asc8]I AM THE SEEKER OF TRUTH AND JUSTICE[/color:1qi6asc8]:d7dc4b20b2c2dd7b76ac6eac29d5604e_34595.jpg



Quote: GET EM ON SIDE REF "On another note where is that wind bag these days?

Anybody who knew anything about rugby league knew we were in trouble at the Featherstone game
The buck stops with Carter I don’t blame Applegarth he did his best and is the scapegoat for the total and utter mismanagement of the club over the last 4 seasons'"
he's been a Facebook a few times then he's vanished again

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Quote: MOPSEY LIVES ON "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.

100 posts in 8 pages 
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Subscribe | Moderators: Admin, PopTart , kinleycat , Wildthing
100 posts in 8 pages 
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Subscribe | Moderators: Admin, PopTart , kinleycat , Wildthing



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