26 Aug 2013 20:01:45
Ed, can you shed any light on a rumour on the radio by a sevconian that we are £30m in debt? Thanks

AdelanteBhoy {Ed007's Note - It's gibberish. It has all to do with their lack of braincells and ability to process what is in front of them. A The Rangers/Sevco fan must have found a Sunday Times in a bin and saw an article about the Co-Op bank with CFC's name in it, that was all it needed.}

1.) 26 Aug 2013
ED007: This all started on mcturdo's blog. Some guy on there has been elevated to a god for his 'research'. Seems it all hinges on a loan of £17m that has to be paid in 2019.They are all wet and sticky because we are only paying the interest every year.The loan is secured against land 'around' Celtic Park. This land was secored from GCC by THE UNSEEN FENIAN HAND it seems.
All in the clubs accounts apparently. green jhedi {Ed007's Note - And the Co-Op is only charging us 1.5% interest per year, the same article in The Times had a pop at the Co-Op's relationship with the Labour Party.}

2.) 26 Aug 2013
This should this up, just the usually tube spreading rumours with no evidence

goo.gl/eTDG1i

3.) 26 Aug 2013
He just kept saying its debt it's 30 million debt.

I was under the impression we had no bank debt. Anyway, I'm quite sure it would all be out before now, however I'd like to know why we have a loan out. I'd rather pay it off soon if we do have.

Is this in the times, I wouldn't mind a read, .

Adelantebhoy {Ed007's Note - I think Joe Public needs to pay to read The Times online edition mate. It's a non-story, if we had debt anywhere near that there would have been Zombies all over it.}

4.) 27 Aug 2013
Ooooh. Let's organise a protest and see if we can beat the mighty undead Might struggle to get together more than 10 Celtic supporters who actually believe this drivel. At least on this site most people try to check out the info first before spouting off. (which is more than can be said for some of our so called 'reporters')

5.) 27 Aug 2013
I have looked at last years accounts and have a jpg of them. I think by reading them it says we have the facility to have upto 30mil loans and overdraft.

It looks like we have it available to use if needed, and are currently in usage of about 10mil of it.

(Ed, I will register later but have posted a lot on here over time. Just can't sign up from work pc)

I will post the jpg later and maybe someone can shed some light on this.

My dad called me asking if i'd looked into it, these pesky secvonians had him questioning it lol

AdelanteBhoy