From the last set of accounts, interest paid to the holding company was £5,033 on a loan of £250,000 - that's a rate of 2%. A further £1,500,000 was advanced interest free and the total amount paid to the holding company including rent was £29,033. No other rent was paid to anyone.This quote is hidden because you are ignoring this member. Show Quote
All other interest was paid to the bank. In round figures this was £132,000 on loans of around £7m, which is a rate of about 2%. That is a substantially lower rate than any other club I've looked at, presumably because the loans are covered by a personal guarantee rather than a security on land.
As Kaiser 1962 says the FF (and the South Stand) was built by the holding company before the whole ground was sold back to the club at a cash loss. No further loans were raised for East Mains, but a further £1.5m was taken on to help finance the £3.8m cost on the new East Stand.
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09-11-2014 01:00 PM #11
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