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Originally Posted by Bill
Originally Posted by Tarbie
Cheers Stan, must have missed this article.
Still a bit ambiguous though isn't it? "Converted to equity" is an interesting phrase to use. I can't see that the club is worth anything like 200m so I would guess the shareholders will never see that money back. Which I suppose in turn does make this a write off but it would be interesting to have some more facts around that.
Sorry guys just because the debt is written off does not mean it disappears,the money