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Uncle Peter · 14-10-2010, 01:00

Forbes so called valuations are notoriously optimistic so what Chris has posted above is the only realistic view as to the value of the club. I suspect that RBS may have a case that the owners have deceived the bank as to the purpose of the original loan agreement. It was supposed to be for the development of the new stadium but this turned out to be acquisition debt. Perhaps they have a case in this respect (possibly criminal?)

14-10-2010, 01:00	#488
Uncle Peter 81-82-83-84 Join Date: Nov 2006 Location: on holiday by mistake Age: 55 Services: Vivid 200, Full House, V6 x2 Posts: 5,977	Re: Football Season 2010/2011 Forbes so called valuations are notoriously optimistic so what Chris has posted above is the only realistic view as to the value of the club. I suspect that RBS may have a case that the owners have deceived the bank as to the purpose of the original loan agreement. It was supposed to be for the development of the new stadium but this turned out to be acquisition debt. Perhaps they have a case in this respect (possibly criminal?)