Anti De-press-ant

[Fergal]

So Randy has not took his 20 Million quid out of the club last year, top man.   Does that mean he usually takes 20 Million a year or is that 20 million over a period of years?

He has taken nothing out of the club. That's the interest on the remaining loans he made to the club, he's waived it.

Do you honestly think he could have taken 20m out of the club every year? He's spunked the best part of £200m away on us. He's never going to get that money back again.

So it's an accumulation of interest? Not being a financial type I was only asking a question.  It just seemd that if he was waiving this years 20M then last year he didn't. 

[pauliewalnuts]

So Randy has not took his 20 Million quid out of the club last year, top man.   Does that mean he usually takes 20 Million a year or is that 20 million over a period of years?

He has taken nothing out of the club. That's the interest on the remaining loans he made to the club, he's waived it.

Do you honestly think he could have taken 20m out of the club every year? He's spunked the best part of £200m away on us. He's never going to get that money back again.

So it's an accumulation of interest? Not being a financial type I was only asking a question.  It just seemd that if he was waiving this years 20M then last year he didn't. 

The interest due in total on the loans, over the full course of the loans, would have worked out at 20m. This is one or two percent above LIBOR, I think, so not exactly a huge interest rate.

He has waived it.