masi51
Well-Known Member
we paid 10% interest to a owner in the past.....you can charge what you like but it does not mean you will see it returned.Whether you've spent money or not has no bearing on whether interest is applicable on the loan or why it's charged.
4% is actually a very good rate, some of the rates around football are ridiculous (only today it's been said that the Company who have lent Derby money are borrowing the money themselves at 9% pa).
you cannot buy a company in Administration with your own money then say it was a loan and charge interest on it
They have paid 26m for the club that cannot then be charged against the club.
Future monies yes i can see that they could loan the club money,but the club is financially stable at the moment