safcrhys Posted August 18, 2010 Share Posted August 18, 2010 Just a quick question, I have recently started playing a game with Rangers who have a pretty hefty debt (£30m in this case) and we are having to pay £300k a month until 2022 which is a helluva long time to be having money sucked away, so I was just wondering if for example, I have a good run in Europe and I get lucrative prize money, could this extra cash go to paying off the debt quicker? Or is the time frame fixed? Tar. Link to post Share on other sites More sharing options...
GioGio85 Posted August 18, 2010 Share Posted August 18, 2010 Yeah with Staines I got promoted from Blue Square South to the Championship and after 2 years they paid off a large part of the clubs loan due to impressie financial performances - so it can happen! Link to post Share on other sites More sharing options...
AndyRich Posted August 18, 2010 Share Posted August 18, 2010 i think you can change the proportion of money you win through leagues and tournements can be changed so more or less goes into the bank or transfer funds, this may reduce the debt repayment time as your club do well? Although loans from banks generally require payment over a set course of time, some times the bank do now allow you to pay all the money back at once, the greedy bastards want their interest rates! Andy Link to post Share on other sites More sharing options...
hannan300188 Posted August 18, 2010 Share Posted August 18, 2010 sometimes if you've made a massive profit or the chairman is rich etc they might decide to pay off a chunk of debt. You can't make them do this, unfortunely unless they do you're stuck paying the debt off till 2022 Link to post Share on other sites More sharing options...
La Furia Roja Posted August 18, 2010 Share Posted August 18, 2010 and even then you will still pay it till 2022 generally, just less each month Link to post Share on other sites More sharing options...
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