b9rbatov Posted August 15, 2009 Share Posted August 15, 2009 i recently had a board takeover and the new chairmen was extremely rich then i got this message has anyone else had one of these? and could anyone tell me what it a 'reverse investment fund' is? Link to post Share on other sites More sharing options...
Neji Posted August 15, 2009 Share Posted August 15, 2009 It's a method of getting around a programming limitation. Once you get 2.2 billion (ish) in the bank, the number turns negative, so your balance would be -2.2 billion. The reserve fund just takes money out of your balance to stop this from happening. IT can also be used later in the future if you need it, I believe. Link to post Share on other sites More sharing options...
Rahat Posted August 15, 2009 Share Posted August 15, 2009 It's 'reserve investment fund' and it's basically keeping money safe for use in the future so that money will not be used on transfers etc. It will allow the club to have a safe backbone so to speak. Link to post Share on other sites More sharing options...
jod123 Posted August 15, 2009 Share Posted August 15, 2009 It is just a way of preventing your bank balance getting too big as once it reaches approx £2bn it will go to £2bn in debt, so this mechanism stops this from happening. Link to post Share on other sites More sharing options...
b9rbatov Posted August 15, 2009 Author Share Posted August 15, 2009 wow i just looked at my finances screen and realised the balance was nearly at a billion quid i had no idea the chairman was that rich, he must have been putting money into it without me noticing because just after he came to the club the balance was around 300 mill when i was in the process of a takeover i was kinda hoping id be in debt as it would make my save more challenging but i went from the very rich berlusconi to the ridiculously rich new guy Link to post Share on other sites More sharing options...
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