Yarblockos wrote: ↑Wed Jan 20, 2021 8:57 pmYes, as clearly stated, option 2 is a loan to the NL and a debt owed by the NL to the government, not a loan to clubs, not a debt owed by clubs, but instead a cut in league funding.theoriginalfatcat wrote: ↑Wed Jan 20, 2021 8:07 pm
It's like a loan in the way that it's money we owe that has to be paid back, and will be paid back. in fact it doesn't matter what it's called really as it's still a debt.
Let's look at it another way. If we go with this idea, for every year that the Boost The Budget campaign operates in the future, the fans will have to gift 15K just to get to the point where we would have been without the loan - oops sorry not loan.
I think as a club we've had enough of paying off others people's follies.
EDIT. Underneath is copied from leagues website where option 2 is referred to as a loan.
"The National League has held meetings with Member Clubs today to discuss further information regarding the Government’s Winter Survival Package.
A presentation was given to Member Clubs at today’s meetings to assess various options. The National League wishes to place on record its gratitude for the approach of Member Clubs at each meeting.
Interim General Manager of The National League, Mark Ives, has requested each Member Club to provide views on three points:
1. The operation of a Club Loan process.
2. The operation of a National League Loan.
3. A suspension to The National League 2020/21 season."
This is semantics. If you look up "loan" in a dictionary it says the following...
'loan 1 |ləʊn|
a thing that is borrowed, especially a sum of money that is expected to be paid back with interest: borrowers can take out a loan for £84,000.'
So my point is this.
This money is a loan because it has to be paid back.
It gets paid back in the manner of us losing an income that we would otherwise have had if we hadn't taken the money.
We lose this income from the league until (wait for it) the money gets paid back.
I'm checking out now. I'm really surprised that some people can't understand this.