14-05-07, 20:14
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#9
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Postie Radge
Join Date: Sep 2002
Location: Hayden Panettiere's Bedroom!
Age: 29
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Re: lets forget about it
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Debt is the real red in the bank, soft loans, liabilities awaiting payment. However, this was reduced by £2.5M in one year through income and players, so not really huge.
- Hibs have £6.8M debt in the bank to be paid off.
- Hibs also have £4M in a mortgage to be paid, interest and portions, annually till ?
- Hibs also have £2.5M in a mortage to be paid interest only till 2020, and the £2.5M in 2020
Thus in total, we have £13.3M plus interest on £6.5M of that to be paid off over the next decade and a half or so. Which equates to about £1M a year, roughly.
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£13.3m?????
Net debt is :£6.9m
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