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Author Topic: Questions for the Advisory Board  (Read 48480 times)
DiV
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Joseph McLaughlin




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« Reply #495 on: Tuesday, November 29, 2022, 19:02:28 »

Jan, can you also ask what the delay is in paying the final £120k that we owe SBC? Has been stuck at that amount for months now which seems odd considering we need to be in their good books ref the CG purchase.

I wonder if itíll be paid with the World Cup money and thatís why itís taken a back seat
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RobertT

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« Reply #496 on: Tuesday, November 29, 2022, 21:27:02 »

Could well be an annual payment rather than monthly.  Pay your debts when they absolutely have to be paid, demand your creditors pay you when you want it.
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JanAirplaneMan

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« Reply #497 on: Wednesday, November 30, 2022, 09:21:30 »

Jan, can you also ask what the delay is in paying the final £120k that we owe SBC? Has been stuck at that amount for months now which seems odd considering we need to be in their good books ref the CG purchase.
Its part of the payment plan and when we complete the deposit on the CG purchase it will be paid off as part of that, that's why it hasn't decreased in recent months..
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Bob's Orange
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« Reply #498 on: Wednesday, November 30, 2022, 09:23:27 »

Its part of the payment plan and when we complete the deposit on the CG purchase it will be paid off as part of that, that's why it hasn't decreased in recent months..

I figured it would be that. IIRC the deposit is due on the 31st January 2023 isn't it?
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JanAirplaneMan

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« Reply #499 on: Wednesday, November 30, 2022, 09:52:02 »

I figured it would be that. IIRC the deposit is due on the 31st January 2023 isn't it?
Correct
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Bob's Orange
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« Reply #500 on: Wednesday, November 30, 2022, 10:02:16 »

Correct

Thanks for confirming Smiley
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we've been to Aberdeen, we hate the Hibs, they make us spew up, so make some noise,
the gorgie boys, for Hearts in Europe.
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« Reply #501 on: Wednesday, November 30, 2022, 13:54:23 »

Its part of the payment plan and when we complete the deposit on the CG purchase it will be paid off as part of that, that's why it hasn't decreased in recent months..

Assume as its a joint venture the club would be paying the extra £120k on top of what is already going to be paid as part of their 50% deposit ? i.e. just clarifying that the debt is not rolled up into the purchase price ?
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FreddySTFC!

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« Reply #502 on: Wednesday, November 30, 2022, 16:41:35 »

Its part of the payment plan and when we complete the deposit on the CG purchase it will be paid off as part of that, that's why it hasn't decreased in recent months..
Thanks for clarifying.
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