Dusty_Manager Posted September 11, 2009 Share Posted September 11, 2009 There have been points mainly when I'm in the premiership that I have the funds to pay off the loan debts but haven't been able to and i have to wait upto 20 years to finally have them removed. Has this been added do you think? Link to post Share on other sites More sharing options...
David86 Posted September 11, 2009 Share Posted September 11, 2009 hope so. i'm in that situation right now and it is fairly annoying to not be able to do that Link to post Share on other sites More sharing options...
baker.simon Posted September 11, 2009 Share Posted September 11, 2009 It wouldnt be at a mangers dicertion to do this anyway. If you had a loan of the magnitude of the likes of Liverpool, Man U, Arsenal etc, you would probably find that its fixed at a rate throughout the duration. If you were to pay it you would probably incur some hefty penalties from the bank. Link to post Share on other sites More sharing options...
Dusty_Manager Posted September 11, 2009 Author Share Posted September 11, 2009 The banks would fine people for payng back MORE money??? that makes no sense whatsoever. Link to post Share on other sites More sharing options...
baker.simon Posted September 11, 2009 Share Posted September 11, 2009 The banks would fine people for payng back MORE money??? that makes no sense whatsoever. Yes, thats why their are hefty penalties. Because the interest is charged over say 5,10,15 whatever years the bank make a profit out of it. If you pay this money back early, at say 3 years, the banks lose the profit they would make out of it in the long term. Thats why they put penalty charges in, known as early repayment charges. Link to post Share on other sites More sharing options...
rinso Posted September 11, 2009 Share Posted September 11, 2009 It can happen in game, i just dont think it happens very often. My Solihull Moors side took 2 loans out to build a new ground, and, 6 or 7 years later, paid one of the loans off cos we had plenty of spare cash. edit: dont think the manager should have anything to do with it though, its not his decision. Link to post Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.