EXhoekor Posted December 1, 2009 Share Posted December 1, 2009 i'm at my 4th season, deficit 10m every month(thanks to 5.75m bank repayment every month) and im into my 5th season with balance -22m, suddenly david gill is replaced by bobby charlton and he comes in and give a personal loan to man utd to repay that deficit -22m for 190k per month, and my previous loans have miraculously disappeared?!! i dun have to pay 5.75m per month anymore, jus 190k. can anyone tell me y , sry for being abit confusing, hope u get the picture =D Link to post Share on other sites More sharing options...
Jamie543 Posted December 1, 2009 Share Posted December 1, 2009 New Chairman payed the loan off? Link to post Share on other sites More sharing options...
taylorsmen Posted December 1, 2009 Share Posted December 1, 2009 To me it sounds like bobby charlton has bailed you out of debt,but he wants the money paid back in just small amounts to ensure the club doesn't go under. Link to post Share on other sites More sharing options...
EXhoekor Posted December 1, 2009 Author Share Posted December 1, 2009 but is it possible that he injected 22m into the club and took the previous 600m+ debt into his own ? Link to post Share on other sites More sharing options...
x42bn6 Posted December 1, 2009 Share Posted December 1, 2009 Sir Bobby Charlton can do whatever he wants, personally. The chairman paid off the debt, basically, and in return gave you a slightly easier loan to pay off. Link to post Share on other sites More sharing options...
EXhoekor Posted December 1, 2009 Author Share Posted December 1, 2009 he must be a billionaire then? Link to post Share on other sites More sharing options...
taylorsmen Posted December 1, 2009 Share Posted December 1, 2009 but is it possible that he injected 22m into the club and took the previous 600m+ debt into his own ?Yep it's possible he did that,many chairmans sell the club and debts when they've had enough,i may be wrong but wasn't chelsea sold for £1 years back and the new owner took on the debt ? Link to post Share on other sites More sharing options...
baker.simon Posted December 1, 2009 Share Posted December 1, 2009 Yep it's possible he did that,many chairmans sell the club and debts when they've had enough,i may be wrong but wasn't chelsea sold for £1 years back and the new owner took on the debt ? Ken Bates Link to post Share on other sites More sharing options...
baker.simon Posted December 1, 2009 Share Posted December 1, 2009 190k per month for how long? Link to post Share on other sites More sharing options...
trekman Posted December 1, 2009 Share Posted December 1, 2009 Where would Bobby Charlton get that kind of money from? I dont think he's all that wealthy irl is he? Sound like a bit of a bug to me albeit a good bug (for a change). Link to post Share on other sites More sharing options...
EXhoekor Posted December 1, 2009 Author Share Posted December 1, 2009 190k per month for how long? till 202x if im not mistaken Link to post Share on other sites More sharing options...
taylorsmen Posted December 1, 2009 Share Posted December 1, 2009 Ken Bates Haha yep the lovable ken bates Link to post Share on other sites More sharing options...
baker.simon Posted December 1, 2009 Share Posted December 1, 2009 Where would Bobby Charlton get that kind of money from? I dont think he's all that wealthy irl is he? Sound like a bit of a bug to me albeit a good bug (for a change). It depends. No, IRL i'd say he isn't that rich (i mean multi multi millionaire) although i doubt he has to worry anything either I just wonder if its a debt re-structure, or administration, or one of them CVA's? If its a chairman loan, then something is wrong with Bobby Charlton's resource attribute. Link to post Share on other sites More sharing options...
Jamie543 Posted December 1, 2009 Share Posted December 1, 2009 Could it not be Bobby Charlton and a group of investors? Link to post Share on other sites More sharing options...
EXhoekor Posted December 1, 2009 Author Share Posted December 1, 2009 It depends. No, IRL i'd say he isn't that rich (i mean multi multi millionaire) although i doubt he has to worry anything either I just wonder if its a debt re-structure, or administration, or one of them CVA's? If its a chairman loan, then something is wrong with Bobby Charlton's resource attribute. if its a debt restructure, it couldn't have made the previous 600MILLION debt disappear for no reason. erm pardon me, whats a CVA? Link to post Share on other sites More sharing options...
Jamie543 Posted December 1, 2009 Share Posted December 1, 2009 EXhoekor What kinda take over was it? have a look in the history section? Link to post Share on other sites More sharing options...
EXhoekor Posted December 1, 2009 Author Share Posted December 1, 2009 Could it not be Bobby Charlton and a group of investors? nope, in my game it says promotion from within Link to post Share on other sites More sharing options...
EXhoekor Posted December 1, 2009 Author Share Posted December 1, 2009 EXhoekorWhat kinda take over was it? have a look in the history section? promotion from within Link to post Share on other sites More sharing options...
Falastur Posted December 1, 2009 Share Posted December 1, 2009 if its a debt restructure, it couldn't have made the previous 600MILLION debt disappear for no reason. erm pardon me, whats a CVA? A CVA is a Company Voluntary Agreement - it's a deal written by an in-debt company and all of its creditors to pay off its deals by a set structure within before a deadline. It also contains clauses on what happens if it fails to meet its deadlines, and is usually pretty strict on that end. Half the time if you see a news article about a club facing a winding-up order it's because it defaulted on a payment set out in a CVA. Also clubs can be ordered to close or can face points deductions and administration if they refuse to or are unable to agree on a CVA with their debtors. It's essentially a final chance before putting one foot in the grave. Link to post Share on other sites More sharing options...
Antmanbrooks Posted December 1, 2009 Share Posted December 1, 2009 Sounds to me like another example of the greater Man Utd conspiracy. Link to post Share on other sites More sharing options...
bigdunk Posted December 1, 2009 Share Posted December 1, 2009 It'll be Bobby Charlton fronting a consortium, in the same way Niall Quinn is at Sunderland. I doubt Niall Quinn has personally got the kind of cash they've been throwing around. Link to post Share on other sites More sharing options...
geordiebaz Posted December 1, 2009 Share Posted December 1, 2009 Even when takeover from within it generates new directors, maybe one of the new directors generated has good resources value and has funded the debt even though he not named as Chairman. Happens all the time majority shareholder and wealthiest person not always Chairman, look at Celtic Derek Desmond (think that correct) is Director not Chairman but probably funds most things there Link to post Share on other sites More sharing options...
EXhoekor Posted December 2, 2009 Author Share Posted December 2, 2009 Even when takeover from within it generates new directors, maybe one of the new directors generated has good resources value and has funded the debt even though he not named as Chairman. Happens all the time majority shareholder and wealthiest person not always Chairman, look at Celtic Derek Desmond (think that correct) is Director not Chairman but probably funds most things there in my case here, it is just sir bobby being promoted to chairman to replace the retired david gill(too young to retire perhaps?) and the rest of the directors are still the Americans namely Glazers. how ON earth did Sir Bobby make 600Million Debt vanish is still the million dollar question. perhaps admin can help us out here? Link to post Share on other sites More sharing options...
Garion Posted December 2, 2009 Share Posted December 2, 2009 Same kind of take over happened in my Arsenal save, Hill-Wood left and the huge debts and monthly loan pay off vanished; I did get a message that the new chairman (Mark McManus an English guy heading a consortium with trade interests in France, because at first he wanted to replace me with own coach Robert Pires) cleared the debts and invested a whopping 200 + million euros in the club. Maybe the same kind of thing happened with Sir Bobby (as suggested he might have been leading a consortium although he already was on the board, right?) - although the situations isn't completely similar as I got a new board and as far as I know a fictional chairman. Link to post Share on other sites More sharing options...
-FSF- Posted December 2, 2009 Share Posted December 2, 2009 Where would Bobby Charlton get that kind of money from? I dont think he's all that wealthy irl is he? Sound like a bit of a bug to me albeit a good bug (for a change). Selling tickets...? Link to post Share on other sites More sharing options...
bigdanio Posted December 2, 2009 Share Posted December 2, 2009 CVA is administration, and he probably would have mentioned that he had a points deduction. Basically the new chariman (and board) have paid off the old debt Link to post Share on other sites More sharing options...
santy001 Posted December 2, 2009 Share Posted December 2, 2009 All it means is, in the database Sir Bobby must have had a far too high resources attribute given to him. Link to post Share on other sites More sharing options...
SmithRDFC Posted December 2, 2009 Share Posted December 2, 2009 Maybe Charlton consolidated all the clubs loans into one easy payment with ocean finance. They have a TV channel you know. Link to post Share on other sites More sharing options...
Zebedee77 Posted December 2, 2009 Share Posted December 2, 2009 Maybe Charlton consolidated all the clubs loans into one easy payment with ocean finance. They have a TV channel you know. It is interesting that internal promotions can wipe out the club's debts. I'd be tempted to bug report it to be honest, because there should be at least a news item if the new chairman is clearing the club's debts. If this was an external investor coming in and buying the club (essentially Manchester United and Liverpool's debts are just the money used to buy the club secured against the club - mortgages if you like) then it would make more sense, and it would be quite impressive to see this understood by the game. Link to post Share on other sites More sharing options...
EXhoekor Posted December 3, 2009 Author Share Posted December 3, 2009 It is interesting that internal promotions can wipe out the club's debts. I'd be tempted to bug report it to be honest, because there should be at least a news item if the new chairman is clearing the club's debts. If this was an external investor coming in and buying the club (essentially Manchester United and Liverpool's debts are just the money used to buy the club secured against the club - mortgages if you like) then it would make more sense, and it would be quite impressive to see this understood by the game. yea, i'd think so too, far too many resources attribute for Sir Bobby, it was just changing of chairmans, no investors Link to post Share on other sites More sharing options...
baker.simon Posted December 3, 2009 Share Posted December 3, 2009 Maybe Charlton consolidated all the clubs loans into one easy payment with ocean finance. They have a TV channel you know. This made me spit coffee out over my laptop.... cheers Link to post Share on other sites More sharing options...
Insert_Goal_Here Posted December 3, 2009 Share Posted December 3, 2009 in my case here, it is just sir bobby being promoted to chairman to replace the retired david gill(too young to retire perhaps?) and the rest of the directors are still the Americans namely Glazers. how ON earth did Sir Bobby make 600Million Debt vanish is still the million dollar question. perhaps admin can help us out here? You mean the 600mill' dollar question. Link to post Share on other sites More sharing options...
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