£10m a month interest?

[dave u]

Just caught part of an interview with Chris Bascombe on talksport, I missed the start of it but the jist was that the refinancing package the yanks got is costing us £10m a month just in interest payments.

 

That's staggering.

[Dan Vito Corleone]

That's absolutely jaw dropping.

 

£120m a YEAR?

[Guest TesticleOReilly]

Is there no-one Ocean Finance won't lend money to?

[Antynwa]

I had to stop for a second and see if I heard that right.

 

Ten fucking million?

 

TEN FUCKING MILLION?

[1892-LFCWasBorn]

I wish them both dead.

[Chinandeler Bong]

Cunts. RBS as well.

[zigackly]

Don't worry, RBS will save us. Greedy bastards.

[Soup]

So if we dont get sold we are bust then?

[Dan Vito Corleone]

No wonder RBS are "looking forward to a long and prosperous relationship with Liverpool Football Club."

 

That's absolutely shambolic. No wonder we're fucking skint.

[zigackly]

Nearly forgot. Thanks DM!

[Section_31]

 

[paddyberger15]

120m quid a year to have two cunts stay in charge that we have been marching for years to get rid of? That's like Dave's Mum sending him for a haircut and telling him he's got to pay for it out of his pocket money.

Tell you what, if they could have borrowed 350m at 1000% interest just to keep hold of us they would have done.

You don't often say you'd pleased to hear that another human being has been diagnosed with a fatal and painful illness. I could make an exception for Hicks and Gillett.

[James]

Christ alive.

[Guest Numero Veinticinco]

Simply put, the interest payments on the money they borrowed (that we're paying off for them) would turn us into an incredible force.

[RobbieOR]

Fucking hell, thats desperate. Hope that prick Moores can sleep at night.

[The Dude Abides]

Is this new news?

[zigackly]

So that's 50% per annum interest from the RBS who we are already paying for with our taxes. Think my MP is getting a letter.

[Guest the boy]

How can that be possible? Wouldn't that equate to 40%+ apr on the initial loan? Are those figures certainly correct? That sounds too outrageous, even for this club.

[CWD82]

Ha also said that we're actually £280m in debt, not the £237m that is being reported.

 

Obviously this £10m a month figure sounds unbelievable, I can't wait to see how the Yanks have structured it against us. I assume it will all be revealed in the article later tonight

[Tepid water]

Ha also said that we're actually £280m in debt, not the £237m that is being reported.

 

Obviously this £10m a month figure sounds unbelievable, I can't wait to see how the Yanks have structured it against us. I assume it will all be revealed in the article later tonight

 

Well we've had another year since the accounts to stack up debt, so that figures.

 

I don't think for one moment we are paying £10m a month in interest, we may have paid £10m in a month for two reasons.

 

1. We pay interest quarterly

 

Or

 

 

2. We had to pay a huge great fee for the latest refinance

 

 

There is no way that we are paying 50% interest, doesn't make any sense.

 

 

Sill one way or anther the vermin won't be around much longer, I really can't see us remainin solvent for another 12 months anyway.

[The Dude Abides]

Well it is Bascombe like, good chance anything he writes up is completely made up.

[Guest the boy]

Pushing the envelope on the fictitious statements stakes now. Not for a second do we pay £120 million interest a year to RBS. Yet, I wouldn't advocate 'cutting them slack', all the same.

[Jim MM]

Maybe the only refinancing option they had left was with a Chinese triad. It would explain everything.

[Carradona]

Thanks DM, you fucking prick.

[paddyberger15]

Pushing the envelope on the fictitious statements stakes now. Not for a second do we pay £120 million interest a year to RBS. Yet, I wouldn't advocate 'cutting them slack', all the same.

 

To be fair mate, that isn't what Dave said that Chris had said. If you added the interest that Kop Cayman loan accrues to the interest that we pay RBS, would that not be closer to the figure? I'm not saying it is, just surmising that's what Chris could have been saying.