Beefymcfc wrote:Can anyone confirm we are in the clear, my mate who sent it to me is unsure and so am I?
Where's that Greek Philosopher when you need him!!!
Blue Since 76 wrote:Hopefully it is also an acceptance that we are now part of the top teams in Europe and we might start to get better treatment. Top 4 this season and some silverware next, please, to go with our new found status amongst the G14. Wonder who will have to drop out?
Beefymcfc wrote:Blue Since 76 wrote:Hopefully it is also an acceptance that we are now part of the top teams in Europe and we might start to get better treatment. Top 4 this season and some silverware next, please, to go with our new found status amongst the G14. Wonder who will have to drop out?
I think it may necome the new G15, or Giss for short ;-)
carl_feedthegoat wrote:AS I SAID AGES AGO THEY HAD TO DO SOMETHING ALONG THESE LINES OTHERWISE IT WOULD HAVE BEEN ABSOLUTLY REDICULOUS SEEING MAN CITY WIN THE LEAGUE YEAR IN AND YEAR OUT AND NOT BEING IN THE CHAMPIONS LEAGUE.!!!!!
IM NOT EVEN SHOCKED AT THIS DECISION.
Socrates wrote:Very interesting stuff. The debt into equity might not mean what we would like it to mean though, it may mean that it is acceptable to eliminate debt interest from the equation by capitalising accumulated debt but NOT that you can spend more than you actually earn going forwards. Would allow any club to spend up to their turnover rather than up to their turnover less debt interest repayment by eliminating that debt interest element. Still does not mean you can use equity to spend more than you earn.
whatever they finally decide, this bit sounds promising - the phasing-in time schedule could be effectively extended (from 2015 to 2018).
That buys us more than enough time to be very confident that we can raise our turnover to a competitive level in time so very hopeful.
Ted Hughes wrote:Socrates wrote:Very interesting stuff. The debt into equity might not mean what we would like it to mean though, it may mean that it is acceptable to eliminate debt interest from the equation by capitalising accumulated debt but NOT that you can spend more than you actually earn going forwards. Would allow any club to spend up to their turnover rather than up to their turnover less debt interest repayment by eliminating that debt interest element. Still does not mean you can use equity to spend more than you earn.
whatever they finally decide, this bit sounds promising - the phasing-in time schedule could be effectively extended (from 2015 to 2018).
That buys us more than enough time to be very confident that we can raise our turnover to a competitive level in time so very hopeful.
How would they stop us from having an enormous loan paid back at a ridiculously low rate?
Socrates wrote:Ted Hughes wrote:Socrates wrote:Very interesting stuff. The debt into equity might not mean what we would like it to mean though, it may mean that it is acceptable to eliminate debt interest from the equation by capitalising accumulated debt but NOT that you can spend more than you actually earn going forwards. Would allow any club to spend up to their turnover rather than up to their turnover less debt interest repayment by eliminating that debt interest element. Still does not mean you can use equity to spend more than you earn.
whatever they finally decide, this bit sounds promising - the phasing-in time schedule could be effectively extended (from 2015 to 2018).
That buys us more than enough time to be very confident that we can raise our turnover to a competitive level in time so very hopeful.
How would they stop us from having an enormous loan paid back at a ridiculously low rate?
Nothing, but if we use it to spend more than we have EARNED then we won't meet the UEFA criteria so there would be no point doing it!
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