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The Debt

Discussion in 'Celtic Chat' started by stirfry999, Oct 2, 2009.

Discuss The Debt in the Celtic Chat area at TalkCeltic.net.

  1. stirfry999

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    was reading on sunday jim traynor saying our debt is set to rise to about 12 million surley this cant be true thought it was down to 1 million
     
    stirfry999, Oct 2, 2009
    #1

  2. CELTBOY

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    maybe he ment without euro money...
     
    CELTBOY, Oct 2, 2009
    #2

  3. Markie85

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    As if Jim Traynor would know the in's and out's of Celtic's finances.
     
    Markie85, Oct 2, 2009
    #3

  4. mairilouise

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    Exactly :56:
     
    mairilouise, Oct 2, 2009
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  5. Joebhoy

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    jim traynor:93::93::93:
     
    Joebhoy, Oct 2, 2009
    #5

  6. Markybhoy

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    I don't know if it will reach £12million or not but it will certainly be going up significantly this year. :54:
     
    Markybhoy, Oct 2, 2009
    #6

  7. Bhoy Brian

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    cant see it to be honest
     
    Bhoy Brian, Oct 2, 2009
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  8. greg2467

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    :56:
     
    greg2467, Oct 2, 2009
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  9. Bucksbhoy

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    I highly doubt we'd go that far backwards...The club haven't worked our debt down this much just to see it jump back up to 12.

    I think at most we could see a rise of high as £5mil next year...
     
    Bucksbhoy, Oct 2, 2009
    #9

  10. stephebhoy

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    Cant see it either,,but I fully expect to see it rise,,hence the importance of winning back the league,,and having a wee run in europe. If only we had won the league and the 4inarow,,then the monkeys would be in deep Kaka. The Celtic board sure missed a gilt edged opportunity to * the monkeys up big time.
     
    stephebhoy, Oct 2, 2009
    #10

  11. ether67

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    i'm sometimes not sure if they missed the opportunity or didn't want it. i sometimes feel the two are the same organisation fleecing the fans with the whole religious rivalry. or am i just a paranoid celtic fan . :84: it's no secret they both need each other to survive.
     
    ether67, Oct 2, 2009
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  12. Markybhoy

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    Eh naw.

    David Murray was * bent on putting the final nail in our coffin in the 90s and burying us forever.

    Unfortunately for the scumbuckets 'the bunnet' came along and now we're back where we belong....on top! So GIRFUY RANGERS!! :RedFinger
     
    Markybhoy, Oct 2, 2009
    #12

  13. The The Hand

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    I imagine our debt will go up this year, regardless of how far we go in Europe.

    That's pretty much a given when you get a new manager in, cos he needs some initial outlay to have any major impact on the team.

    But taking Jim Traynor as your guide to Celtic's financial situation is like employing Britney Spears as your motivational coach.
     
    The The Hand, Oct 3, 2009
    #13

  14. Monny.1888

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    Our debt isn't rising anytime soon. The board have spent 10 years trying to undo the damage that was done to our finances under Barnes and O'Neill. Now they're so close to doing that, there is no way they'll let the debt rise again. We don't need to borrow any money anyway.

    Traynor is talking out of his * as usual. I have no idea where he got that figure from but it's a joke. He's clearly confused as to what debt means. Maybe he thinks the money we've "lost" by not qualifying for the C.L. will have some affect on our debt. If he does, he's a bigger idiot than I've ever gave him credit for.
     
    Monny.1888, Oct 3, 2009
    #14

  15. McNaka

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    The debt is 12m. It's just that we have 11m in the bank, so the "net debt" is 1m. But we're paying interest on the 12m nonetheless.
     
    McNaka, Oct 3, 2009
    #15

  16. wulliebad

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    well thats a good move...lol. Borrow what you dont need and pay interest on it..... We spent something like 10 million this year so i wouldnt be shocked to see our dept rise by alot. Atleast then the borrow borrow fans will be happy we are in dept and the board is back to * up our club and doing all they can.
     
    wulliebad, Oct 3, 2009
    #16