AdamMc90 Posted April 5, 2012 Share Posted April 5, 2012 Playing as Everton in February in my 3rd season was taken over by a local business man. He promised to wipe the clubs debt before taking over (£23m bank loan + £21 gift loan to Kenwright on departure). Since he's taken over obviously the gift loan has disappeared by the bank loan has trebled to £65m, doubling the monthly repayments and adding about 15 years to the loan. He already advised me no extra fund are to be made available at the minute, and as its February I don't mind. But am I stuck with him now putting more debt onto the club or could he keep his word, but just at a later date? Link to post Share on other sites More sharing options...
Flamers Posted April 5, 2012 Share Posted April 5, 2012 Do you honestly have any choice? You are stuck with his decision. There is only one way to find out what happens, play on Link to post Share on other sites More sharing options...
mije1983 Posted April 6, 2012 Share Posted April 6, 2012 Sounds like he took out a loan to buy the club from Kenwright, then dumped the liability straight back onto the club's books! Link to post Share on other sites More sharing options...
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