Now we must charge for promotion or face extinction

How old is Eddie?

Shall we kill him?

Is that what you're advocating Boggers / Karly?

Can we do Darkside as well?

Chuck in zat knight and you have yourself a deal.

Boggersbelief wrote:The debt dies with Eddie.

How do you know? Are you privy to the loan agreement?
In UK law (which includes the IoM) it isn't extinguished when the lender dies. It simply forms part of the estate. And there is no public evidence that his kids will want it repaid over a 10 year period. We don't actually have any clue as to what he has stipulated in the loan deal
All we can say is that if they wanted the debt to crystallise (i.e. be repaid) on Eddy's demise then there aren't sufficient assets to do so- so they wouldn't be stupid enough to demand repayment immediately. But the broad view is a long dark winter financially for BWFC - and some of us old supporters might not see the sun rise again on the club

kennster wrote:What I'm worried about is what happens to the debt when Uncle Eddie chucks the bucket.

His children have no interest in football and will want to reclaim the debt over a 10 year period. Will we be able to survive without Eddie's money when that day comes? How could we possibly pay the debt off in a 10 year period?

I'm calm now but 15 or 20 years down the line I think I might be a bit more worried.

We are not relying on money from Eddie, though - but through his investment firm Moonshift (based in Bahamas, or BVI - never quite sure which one) which has investments all over the world that helps to invest in our little club.

kennster wrote: How could we possibly pay the debt off in a 10 year period?

Sell Ngog & Mears?

Natasha Whittam wrote:

kennster wrote: How could we possibly pay the debt off in a 10 year period?

Sell Ngog & Mears?

Well, that's the first £500k sorted, but what about the other £168m?

38 Million we'd have to pay back if Eddie walked away tomorrow, I think 6 to 8 years is the time limit .

scottjames30 wrote:38 Million we'd have to pay back if Eddie walked away tomorrow, I think 6 to 8 years is the time limit .

No Scott, around £150 million

No Ken , don't believe everything you read.

Breadman wrote:

Well, that's the first £500k sorted, but what about the other £168m?

Ngog is worth £10m, he used to play for Liverpool you know.

Natasha Whittam wrote:

Breadman wrote:

Well, that's the first £500k sorted, but what about the other £168m?

Ngog is worth £10m, he used to play for Liverpool you know.

You got the £ and p wrong!   

Egg nog could of gone to CSKA Moscow for 4 million and doubled his wages last year.Buttrust us to have the biggest pussy since slack Sylvia on shi final st.In Russia they call you nasty names cos you have a different colour skin RACISTS  but they can call me Tom dales dressing room attendant with Gay tendencies who also engages in sex with his pets for £80-000 a week. But egg nog the selfish twat thought ill fuck the team that I've scored a whopping 12 goals at the time and stay another season not trying not attempting a tackle or jump for a ball and get a Bosman and go to France where I'm from and I'll eat croissants n snails n play for a French team cos I'm a twat( gentle soul spouted his agent is our david) useless fuck who need a farnworth kiss.

White84 wrote:Egg nog could of gone to CSKA Moscow for 4 million and doubled his wages last year.Buttrust us to have the biggest pussy since slack Sylvia on shi final st.In Russia they call you nasty names cos you have a different colour skin RACISTS  but they can call me Tom dales dressing room attendant with Gay tendencies who also engages in sex with his pets for £80-000 a week. But egg nog the selfish twat thought ill fuck the team that I've scored a whopping 12 goals at the time and stay another season not trying not attempting a tackle or jump for a ball and get a Bosman and go to France where I'm from and I'll eat croissants n snails n play for a French team cos I'm a twat( gentle soul spouted his agent is our david) useless fuck who need a farnworth kiss.

Do you write for a living?

Nat don't be so rude.

Boggersbelief wrote:Nat don't be so rude.

A lack of class generally stems from being dragged up.

He works on my Gypsy site collecting scrap metal , he's no time for literacy.