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Old 7th April 2023, 17.59:35   #5-0 (permalink)
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Default Re: Wrexham finances explored with expert Kieran Maguire

Quote:
Originally Posted by exileddragon View Post
Is there any forum where fans can ask about that interest rate and/or whether there are any additional investors? Seem to recall talk about fans having some sort of representation back when the takeover happened but I haven't seen anything on it since then.

The overall loss number was more or less openly disclosed in the documentary from what I recall ('if we don't go up you'll lose X a season), and Stockport lost a lot more in the same period, so I'm not that bothered by that, but the interest rate on the loan seems a bit unusual.
I haven't listened yet but that interest rate is normal I think. It's competitive and I also think there's an issue if a loan is taken out at less than market rates - I can't remember what it is but it may be related to how the taxman views it.
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