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WHY GTFC IS IN DEBT

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rancido
May 13, 2018, 12:07pm

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Quoted from Vance Warner
Are we ever going to stop mentioning ITV bloody Digital?



Well the First World War was 100 years ago, it's still being talked about and the repercussions it led to.


The Future is Black & White.
"The commonest thing on this planet is not water , as some people believe, but stupidity ". Frank Zappa
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TheRealJohnLewis
May 13, 2018, 12:57pm
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Quoted from KingstonMariner


Never quite sure if you're being serious or just got a very dry wit.

In case you're being serious, if JF owns 43% of the shares, and there was no longer any debt, he would not have a controlling interest as 43% is less than 51%.


He's the majority shareholder and is deemed in control of the club. He current loans are not a financial commitment to the club, his financial commitment is described on page 21, note 11.

Go to the very last page for details on the controlling party.  https://beta.companieshouse.go.....t=pdf&download=0
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KingstonMariner
May 14, 2018, 6:43pm
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Quoted from TheRealJohnLewis


He's the majority shareholder and is deemed in control of the club. He current loans are not a financial commitment to the club, his financial commitment is described on page 21, note 11.

Go to the very last page for details on the controlling party.  https://beta.companieshouse.go.....t=pdf&download=0




Good point. I was always told that you need to look at high levels of debt and who it's owed to, to see who really controls the company. Often it's banks. In this case it's JSF. And in effect his financial commitment, or guarantee to provide loans of up to £325,000 would be a loan.


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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