david in sweden Posted 21 November, 2011 Share Posted 21 November, 2011 .... on the upfront £12 million we got for Alex ? I'm sure Cortese has invested it wisely, but that kind of money surely accrues quite a bit of interest sitting in an account somewhere ...? Unlike many other clubs, we didn't had to run out and buy a big money replacement the following day. Link to comment Share on other sites More sharing options...
Danbert Posted 21 November, 2011 Share Posted 21 November, 2011 How do you know it won't be used to cover the previous season's excess? Even if it isn't, in the current climate it will earn less than inflation thanks to the BofE screwing savers to save the arses of feckless buy to let scum and other "investors". Link to comment Share on other sites More sharing options...
SO5 4BW Posted 21 November, 2011 Share Posted 21 November, 2011 If he bought Italian government bonds, about 7.5%. Then again possibly not a good idea. Guess no investments are 100% safe any more Link to comment Share on other sites More sharing options...
Danbert Posted 21 November, 2011 Share Posted 21 November, 2011 If he bought Italian government bonds, about 7.5%. Then again possibly not a good idea. Guess no investments are 100% safe any more Depends who's doing the investing doesn't it? If you're too big to fail you can just get the taxpayer to foot the bill and have another spin of the roulette wheel. Link to comment Share on other sites More sharing options...
Baj Posted 21 November, 2011 Share Posted 21 November, 2011 ......he's a banker, I don't think we have to worry about him being savvy enough to put the money in the right place. Link to comment Share on other sites More sharing options...
Danbert Posted 21 November, 2011 Share Posted 21 November, 2011 ......he's a banker, I don't think we have to worry about him being savvy enough to put the money in the right place. Yeah, I mean bankers never f**k up do they... Jesus Link to comment Share on other sites More sharing options...
Saint-scooby Posted 21 November, 2011 Share Posted 21 November, 2011 Yeah, I mean bankers never f**k up do they... Jesus Oh Baj didnt see that one did you :0) Link to comment Share on other sites More sharing options...
trousers Posted 21 November, 2011 Share Posted 21 November, 2011 Link to comment Share on other sites More sharing options...
St Chalet Posted 21 November, 2011 Share Posted 21 November, 2011 Circa 1% according to our Head of Treasury Link to comment Share on other sites More sharing options...
Ekelund24 Posted 21 November, 2011 Share Posted 21 November, 2011 Yeah, I mean bankers never f**k up do they... Jesus Not when it is their money!! Link to comment Share on other sites More sharing options...
david in sweden Posted 21 November, 2011 Author Share Posted 21 November, 2011 Circa 1% according to our Head of Treasury well that will pay a few salaries won't it ... Link to comment Share on other sites More sharing options...
SaintBobby Posted 22 November, 2011 Share Posted 22 November, 2011 In nominal terms about 2 or 3% is easy to secure. In real terms, about -2%, owing to an inflation rate of about 5%. So, in all likelihood, if invested conservatively, the 12m is now worth less than it was. Link to comment Share on other sites More sharing options...
hamster Posted 22 November, 2011 Share Posted 22 November, 2011 Invest in bronze like our previous rulers did. Link to comment Share on other sites More sharing options...
Ohio Saint Posted 22 November, 2011 Share Posted 22 November, 2011 I'd invest it in cocaine and hookers. Do what the bankers do. Link to comment Share on other sites More sharing options...
Noodles34 Posted 22 November, 2011 Share Posted 22 November, 2011 cant believe the op! What next, which printers do we use? Some people need to think about other things... Link to comment Share on other sites More sharing options...
JonnyLove Posted 22 November, 2011 Share Posted 22 November, 2011 How do you know it won't be used to cover the previous season's excess? Even if it isn't, in the current climate it will earn less than inflation thanks to the BofE screwing savers to save the arses of feckless buy to let scum and other "investors". He was sold in this financial year so won't show on last years accounts (Which are yet to be published). Not really pointing out much but just trying to get it out to as many people as possible that when it shows we have made another loss last year or at least break even then it did not include the money for alex. Link to comment Share on other sites More sharing options...
Pilchards Posted 22 November, 2011 Share Posted 22 November, 2011 cant believe the op! What next, which printers do we use? Some people need to think about other things... A brother laser printer. Link to comment Share on other sites More sharing options...
dubai_phil Posted 22 November, 2011 Share Posted 22 November, 2011 A brother laser printer. But surely we should outsource it all to Xerox to allow ourselves to get on with tearing new a**holes to nPc teams? Link to comment Share on other sites More sharing options...
Fan The Flames Posted 22 November, 2011 Share Posted 22 November, 2011 A brother laser printer. We must have upgraded from the Xerox 850 diablo daisy wheel that we had. Link to comment Share on other sites More sharing options...
Danbert Posted 22 November, 2011 Share Posted 22 November, 2011 well that will pay a few salaries won't it ... Er... no Link to comment Share on other sites More sharing options...
saintmatt Posted 22 November, 2011 Share Posted 22 November, 2011 Er... no Er... yes. Hospitality staff, admin staff etc Link to comment Share on other sites More sharing options...
Danbert Posted 22 November, 2011 Share Posted 22 November, 2011 Er... yes. Hospitality staff, admin staff etc Given the rate of inflation the value of the principal is falling not increasing, so no, you can't pay anyone's wages using the interest - at least not without further eroding the value of the principal. Link to comment Share on other sites More sharing options...
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