Dodgy times ahead maybe!

sluffy · **Posted:** Tue Oct 14, 2008 10:26 pm

Lord Kangana wrote:

The only fly in the ointment I can see is that, as far as I understand, individual savers/investors have been given precedence over corporate and commercial clients with regard to reclaiming money from Icelandic institutions.

Which, unless BWFC/Davies have some juicy ISA's sitting in Rekjavik, doesn't really apply to us, as I suspect its we who owe the bank not vice-versa.

Yes, The club as borrowed money from the Icelandic bank and as long as we pay back the loan on time there is no problem.

If we can't then Mr Davies as underwritten the loan - so he pays it back instead of the club - no problem.

If we can't pay it back and Mr Davies can not meet his obligation to guarantee the repayment - big problems.

Worthy4England · **Posted:** Tue Oct 14, 2008 10:30 pm

sluffy wrote:

So if Mr Davies financial circumstances catch a cold - it will be the club which will end up sneezing.

Unless he's invested heavily in Vicks Vapo-rub. Fair point Sluffy.

communistworkethic · **Posted:** Wed Oct 15, 2008 6:35 am

sluffy wrote:

Lord Kangana wrote:

The only fly in the ointment I can see is that, as far as I understand, individual savers/investors have been given precedence over corporate and commercial clients with regard to reclaiming money from Icelandic institutions.

Which, unless BWFC/Davies have some juicy ISA's sitting in Rekjavik, doesn't really apply to us, as I suspect its we who owe the bank not vice-versa.

Yes, The club as borrowed money from the Icelandic bank and as long as we pay back the loan on time there is no problem.

If we can't then Mr Davies as underwritten the loan - so he pays it back instead of the club - no problem.

If we can't pay it back and Mr Davies can not meet his obligation to guarantee the repayment - big problems.

firstly in response to LK and as sluffy picks up on - we're not in that position - we owe them so the precedence you've quoted doesn't apply to BWFC.

As for the summation of the position - that has always been the case, so why get worked up about it now? The key issue is BWFC's ability to service its debt, this season we'll get £30 million from the Premier league, I'm sure we'll scrape enough loose change together to keep the mortgage paid.

Prufrock · **Posted:** Wed Oct 15, 2008 12:39 pm

Bruce Rioja wrote:

WANDERERS-FUSSELIER wrote:

not exactly the words of a communist.....but .

And I am a bottle of Spanish wine, Sir. You a Fusselier. Officer Dibble is actually a cartoon policeman on Topcat.

And i bloody well hope im not an imaginary character in a poem. That would be flaming typical.

enfieldwhite · **Posted:** Wed Oct 15, 2008 12:56 pm

Prufrock wrote:

Bruce Rioja wrote:

WANDERERS-FUSSELIER wrote:

not exactly the words of a communist.....but .

And I am a bottle of Spanish wine, Sir. You a Fusselier. Officer Dibble is actually a cartoon policeman on Topcat.

And i bloody well hope im not an imaginary character in a poem. That would be flaming typical.

Yeah? Well at least you're not a White, living in Enfield! How f*cking surreal would THAT be? :crazy:

warthog · **Posted:** Wed Oct 15, 2008 12:58 pm

enfieldwhite wrote:

Prufrock wrote:

Bruce Rioja wrote:

WANDERERS-FUSSELIER wrote:

not exactly the words of a communist.....but .

And I am a bottle of Spanish wine, Sir. You a Fusselier. Officer Dibble is actually a cartoon policeman on Topcat.

And i bloody well hope im not an imaginary character in a poem. That would be flaming typical.

Yeah? Well at least you're not a White, living in Enfield! How f*cking surreal would THAT be? :crazy:

You should try typing with these trotters.

Prufrock · **Posted:** Wed Oct 15, 2008 12:58 pm

enfieldwhite wrote:

Prufrock wrote:

Bruce Rioja wrote:

WANDERERS-FUSSELIER wrote:

not exactly the words of a communist.....but .

And I am a bottle of Spanish wine, Sir. You a Fusselier. Officer Dibble is actually a cartoon policeman on Topcat.

And i bloody well hope im not an imaginary character in a poem. That would be flaming typical.

Yeah? Well at least you're not a White, living in Enfield! How f*cking surreal would THAT be? :crazy:

Chill out Mr Rebrov :mrgreen:

DJBlu · **Posted:** Wed Oct 15, 2008 3:04 pm

I tell ya its no wonder the credit crisis is getting worse when scare mongering goes on in the papers and on't telly.

As long as Eddie Davies hasn't plonked a load of cash in an Iclandic high intrest account we should be fine.

"6 million pound overdraft". That really puts mine into perspective.

Prufrock · **Posted:** Wed Oct 15, 2008 3:27 pm

DJBlu wrote:

I tell ya its no wonder the credit crisis is getting worse when scare mongering goes on in the papers and on't telly.

As long as Eddie Davies hasn't plonked a load of cash in an Iclandic high intrest account we should be fine.

"6 million pound overdraft". That really puts mine into perspective.

Worthy4England · **Posted:** Wed Oct 15, 2008 5:38 pm

I saw Eddie Davies today. I said "Any chance of the price of a cuppa tea guv". He told me he didn't have any money on him....I'm now seriously worried.

Don Alonso · **Posted:** Wed Oct 15, 2008 5:45 pm

Should have put all our dabloons in a Spanish Bank.

I blame the Protestants.

And Scousers.

Dodgy times ahead maybe!

Who is online