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How will that work KES if the League take out an 11m loan, to be paid back against reduced payments to each club over X number of years. There will be teams coming up from step 3 and EFL leagues coming down who will be saddled with paying towards a debt they had no benefit from ?
Quote from: Mallard on January 20, 2021, 06:44:41 PMHow will that work KES if the League take out an 11m loan, to be paid back against reduced payments to each club over X number of years. There will be teams coming up from step 3 and EFL leagues coming down who will be saddled with paying towards a debt they had no benefit from ?You think the Chairmen of the step 1 & 2 Clubs will worry about that?
Quote from: Blue_and_Gold on January 20, 2021, 07:11:48 PMQuote from: Mallard on January 20, 2021, 06:44:41 PMHow will that work KES if the League take out an 11m loan, to be paid back against reduced payments to each club over X number of years. There will be teams coming up from step 3 and EFL leagues coming down who will be saddled with paying towards a debt they had no benefit from ?You think the Chairmen of the step 1 & 2 Clubs will worry about that? I think the NL have made a right balls up by allowing the season to even start with only a 3 month commitment from the Gov to offer support. Will they want to make even more Cocks up by saddling future members with debt that is not their responsibility?Be interesting to hear Stephen Cleeve’s thoughts on the situation and whether he is happy to have more debt bestowed on the club. We are not going to gain promotion and prob not going to suffer relegation, so it’s really a nothing season for us.
I get confused over the whole business at the moment as to why we are still playing
Maybe the NL committee see that the 11m loan is only enough to see the main league limp through till the end of the season. 5 months running costs is a lot to find. SC has said it costs in excess of 100k per month to run Lynn. So that’s half million we need.Can see arguments to follow when it comes to these loans being repaid by clubs who either don’t have the money or are not involved in receiving any of this money.What a ( blank) mess.