Vangelis21 Posted March 25, 2010 Share Posted March 25, 2010 What exactly is that? In my Hull's game i got the message "Hull restructure debt, hull announced today that they have successfully extended the club's credits facilities which will help ensure the club's long-term future" I didn't know what this is so i went to the finances and so a "gift loan" that i have to repay over 15 years of installments and only when i am in profit. Do you know what those 2 are? thanks Link to post Share on other sites More sharing options...
kevgaleuk Posted March 25, 2010 Share Posted March 25, 2010 I'm pretty sure a "Gift Loan" is where someone who loves the club (usually a director) injects cash for minimal or 0 interest or like you've mentioned not to be paid back until the club is in profit. I am pretty sure thats what Delia Smith did with Norwich IRL - she invested a few million and rather than the club owing it I believe it got turned into shares she holds Link to post Share on other sites More sharing options...
Vangelis21 Posted March 25, 2010 Author Share Posted March 25, 2010 hm interesting! i got into debt with Hull but now things are better after the league bonus. nice loan Link to post Share on other sites More sharing options...
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