The Walrus
New Member
For information - the latest loan the owners made has a 6% interest rate (detailed in the latest set of published accounts, but don't have them in front of me currently to state figure). The accounts also detail how much interest was paid during 2011/12 season - will detail this tonight
The club stated when releasing those accounts that they had an intention to convert loans to equity, but we don't know if that is all of the loans or some of them. We have requested a meeting with the Finance Director to go through the accounts, obviously that would be one area to clarify, along with their plans to achieve FFP targets for the 2013/14 season.
Presumably it won't be a loans to equity conversion to the same extent as Al Fayed at Fulham, but I would be interested to see your follow up post. Plans to achieve FFP would be interesting given that the current level of salaries at the club is (or at least was at May 2012) £27m.