After seeing this in an article today:
The AFL, buoyed by this week's larger-than-anticipated broadcast rights deal with News Ltd, has re-directed part of the Roos' next dividend payment to guarantee the debt.
It took my mind back to the Dyson Hore-Lacy book.
Weren't Fitzroy told that the dividend couldn't be used to guarantee a debt (or something along those lines), as the AFL couldn't guarantee the dividend?
It wouldn't surprise me. Nothing against the Roos, but if its true - I just think the same rules should apply across the board. Oh, silly me, I forgot its the AFL we're talking about!
Can anyone enlighten me on this topic?
The AFL, buoyed by this week's larger-than-anticipated broadcast rights deal with News Ltd, has re-directed part of the Roos' next dividend payment to guarantee the debt.
It took my mind back to the Dyson Hore-Lacy book.
Weren't Fitzroy told that the dividend couldn't be used to guarantee a debt (or something along those lines), as the AFL couldn't guarantee the dividend?
It wouldn't surprise me. Nothing against the Roos, but if its true - I just think the same rules should apply across the board. Oh, silly me, I forgot its the AFL we're talking about!
Can anyone enlighten me on this topic?