It'll be even more than this, interest on borrowings is greater than the interest that a bank would pay on deposits. Ossie
> Date: Thu, 31 Jan 2008 15:27:20 +0000> From: [EMAIL PROTECTED]> To: [EMAIL > PROTECTED]; [email protected]> Subject: Re: [LU] Liverpool> > > > >The £350m "refinancing" deal the Yanks did at Liverpool the other week> > >means that the club are now paying obscene amounts of interest every month> > >- can't remember how many millions it is. Still, they'll be OK if they win> > >the Champions League every year......> > > Well, based on this week's > lottery winner being told that his £19 Million would earn him around £1 > Million per year in interest, we can extrapolate this to get an idea of what > that obscene amount is (and then gloat about it) :-)> > > 350 divided by 19 = > roughly 18.5> > So that would make the annual interest about £18,500,000> > > Or a monthly interest rate of about £1,500,000 before they even get out of > bed! (and that of course is not paying a bean back of the principal either> > > Nice eh?> > Steve> > _______________________________________________> the > Leeds List is an unmoderated mailing list and the list administrators accept > no liability for the personal views and opinions of contributors. > Leedslist > mailing list> [email protected]> > http://list.zetnet.co.uk/mailman/listinfo/leedslist> DELETE THE FOOTERS WHEN > REPLYING YOU LAZY SODS!!!!> DELETE THE FOOTERS WHEN REPLYING YOU LAZY SODS!!!! _________________________________________________________________ Get 30 Free Emoticons for your Windows Live Messenger http://www.livemessenger-emoticons.com/en-ie _______________________________________________ the Leeds List is an unmoderated mailing list and the list administrators accept no liability for the personal views and opinions of contributors. Leedslist mailing list [email protected] http://list.zetnet.co.uk/mailman/listinfo/leedslist DELETE THE FOOTERS WHEN REPLYING YOU LAZY SODS!!!! DELETE THE FOOTERS WHEN REPLYING YOU LAZY SODS!!!!
