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POTTERS BOOSTED BY £160M DECISION

By Scott Thompson

BIG CALL: John Coates

STOKE City joint-chairman John Coates hopes the Potters can look forward to stability after the debts of the club’s holding company were reduced by £160m.
The club’s owners, bet365 group, have converted £40m of shareholder loans into equity in Stoke City Holdings Limited, as well as waiving £120m of shareholder loans, according to a club statement.
“Converting £40m of loans into equity and waiving £120m of loans greatly strengthens the balance sheet and also provides more long-term stability,”...

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