Gunners In The Red
Our overall debt has increased to £262.1million from £153.3million in 2005, according to figures released today.Chairman Peter Hill-Wood has revealed the debt relating to the change of stadium has been restructured.
"As well as completing the new stadium, we have also refinanced the related debt.
"The refinancing is strongly beneficial as it secures the group's financing arrangement for the long term and, by extending the repayment term and reducing the annual debt service costs, frees up significantly more of the group's future cash-flow for investment in the development of the team."
A good thing then, I guess!
posted by NyssietheGooner at 9:06 AM
1 Comments:
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Goonerholic.
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