Loan of 8,5 Mio. Euros generates payback fee of 557k/month for 15 years?!?!? Bug?

  • Thread starter Thread starter z1x
  • Start date Start date
  • Replies Replies 2
  • Views Views 1K

z1x

Member
Joined
Mar 15, 2011
Messages
1
Reaction score
0
Points
0
So I'm managing a relatively small club in austria. Monthly turnover is around 300k expenditure usually 200-250k.

My board now decided to build a new stadium for 12000 people /average attendance 900-1200 and they took a loan of 8,5 million euros and now we have to pay back 550k per month for 15 years. LOL?

This has to be a bug right? my club is going to get bankrupt in no time and I had absolutely nothing to do with this, I didn't even ask for a new stadium and we didn't need one either, so what the ****? Can someone explain this to me and help me to fix this please?
 
Sounds like a bug, either that or the chairman is illiterate, and doesn't know how to count ha ha
 
Back
Top