Go on don't be shy....
Oo-er!
I do hope they've got it wrong.
It's a long way from being the 'model club' that everyone supposedly aspired to.
I thought we were only 20 million in debt, 16 million to directors, and 6 million to the bank for the mortgage on the valley.
Where does this 40 million figure come from?
vff
22 million in debt.
The whole thing is very worrying. Will the directors try to sell our assets such as the valley to recoup some money?
I suspect the due diligence produced more debt than was first realised / admitted to.
CA, as others have mentioned, the £40m debt figure is way out unless something drastic (and thus unlikely) happened since the signing of the last accounts.
Also I question the likelihood that the bidders are 'local' - after the credit bust, how many locals (and maybe even fans) are truly rich and stupid enough to blow this sort of money on a hobby?
I wonder if the causation to the well-connected MoS worked the other way ie. maybe there's one or two directors playing hardball, and these articles are planted to pitch fans against them?
Also I question the likelihood that the bidders are 'local' - after the credit bust, how many locals (and maybe even fans) are truly rich and stupid enough to blow this sort of money on a hobby?
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Smarry
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