The H
poker semi-professional
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Banana said:It's not about MK Dons for me - it's about losing money
My back-of-the-envelope calculations are as follows:
£30,000 deferred payment means £30,000 extra overdraft for the club. Say the overdraft rate is 7.5% and the payment has been deferred four months (June,July,August,September)
I make that about £700 lost. All of the above numbers are assumptions but I bet I'm not far out.
maybe the board couldn't trust themselves not to spunk the full payment up the wall..

