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Cardiff have another big showdown this week when the high court is scheduled to decide whether a £24m debt to a company called Langston, incurred during Sam Hammam's chairmanship, must be repaid immediately, or - as Cardiff claim - not until 2016.
When we play as well as we can do, I've always maintained we're a match for anyone". Cardiff have another big showdown this week when the high court is scheduled to decide whether a £24m debt to a company called Langston, incurred during Sam Hammam's chairmanship, must be repaid immediately, or - as Cardiff claim - not until 2016.
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Many loan agreements and issues of debt securities now include ratings triggers: if there is a downgrade, the interest rate is increased, or sometimes the debt must be repaid immediately.
If a small business reduces its head count, a pro-rata portion of its loan must be repaid immediately.
"This means that not only will debt be repaid immediately but that £10m will go into Rangers' bank account on the first day as working capital," he added.
Charlie has now come back to me asking that Harvey's money to be repaid immediately.
It will have to be repaid or refinanced," Grant writes.
It would be repaid over one or two years.
The debt could possibly be repaid completely in two or three years time.
The debt must now be repaid.
The loan must be repaid after the borrower moves out or dies.
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