New board press conference thread

[random_five]

Imagine 50 years worth of interest. We probably owe Westbury United £700million

[BenTheRed]

unless its a different type of debt we owe, debt of gratitude 

[BruceChatwin]

Outstanding debts held since 1957 is surely a reason so ridiculous for being under a transfer embargo in 2013 that they couldn't make it up? Or is that the clever part of an elaborate double-bluff?

1957!!!

[Langers]

How bizzare.

[OrangeTransits]

You couldn't make it up !!!!!

[fittons_coaching_badge]

Wouldnt the time value of money intimate that any money we owed back then would be nigh on worthless about now?

[Saxondale]

The life of a town fan.  Swinging from elation to despair to bafflement to confusion to cynicism so very quickly.  I hate to support a normal club rather than the dysfunctional knockabout club that is us.

[Reg Smeeton]

TRANSFERS IN

DATE   PLAYER   SIGNED FROM / TRANSFER DETAIL
JUL 1956   Gerry DEAR    (signed professional contract)
1956   Keith MORGAN   Westbury United
(signed as amateur)
1 SEP 1956   Duncan CAMERON    (signed professional contract)
OCT 1956   Vince JACK   Bury
NOV 1956   Arnold DARCY   Wigan Athletic
£1,500
(initial fee of £1,000 - £750 paid immediately, £250 in the next month, and further £500 after 12 appearances.)
NOV 1956   Stan EARL   Orient
NOV 1956   Jimmy LEE   Orient
JAN 1957   Jack FOUNTAIN   Sheffield United
APR 1957   Frank O'MAHONEY    (signed professional contract)
MAY 1957   Bill ROOST   Bristol Rovers
£2,000
JUN 1957   Peter CHAMBERLAIN   Leicester City
JUN 1957   Lewis CLAYTON   Bournemouth and Boscombe Athletic
1957   Ernie HUNT    (signed as amateur)

Well Jack Fountain was banged up for 15 months for his part in the infamous Jimmy Gauld, Bronco Layne, Peter Swann match fixing scandal....so maybe we never paid his bonuses of 3/6 pence halfpenny.

[jonny72]

I thought a debit was not enforceable after 6 years.

Only if you go 6 years without acknowledging the debt in any way, if you acknowledge it the clock resets.

That applies for individuals, not sure about companies.

With regard to the debt from 1957, if you add on interest and late payment surcharges a £500 debt would now be £1m. Probably.

[JanTheMan]

Can someone compound value £500 over 56yrs (at say 4%) for the Wigan lad?  

[thepeoplesgame]

If anyone at the Adver still has Paolo Di Canio's number could they ask him to comment on whether there is any truth in the "legal action from former employees" part of the tale. If not, can the chap at the BBC who used to work for BBC Wilts and ghosts his column do it?

Personally I don't swallow that line any more than I do the rest, unless they still haven't paid Piccareta and friends.

[Nemo]

We'll probably find our we should have been under umbongo since 1957 and will be relegated one division for each signing we've made since then.

[WR5]

Only if you go 6 years without acknowledging the debt in any way, if you acknowledge it the clock resets.

That applies for individuals, not sure about companies.

With regard to the debt from 1957, if you add on interest and late payment surcharges a £500 debt would now be £1m. Probably.

right Ok

[pauld]

Really? We're supposed to believe that a debt from 1957 is causing a transfer embargo? Behave.

[Peter Venkman]

Can someone compound value £500 over 56yrs (at say 4%) for the Wigan lad?   

A £10k debt over that period in compound interest at 3% would be about £50k now I recon.

Can't see any debt from back then being more than £10k to £20k max.

And surely if we entered into admin in the 80's this debt would have been written off with the other debt, even if it was not allowed for at the time?