[Revived Red]

Originally Posted by Phil Whalley

Rev - I would concur with Tealeaf and Whalley Red. My understanding is that the 100k is a renewed loan from the PFA, renewed because the money owed to the PFA from the earlier arrangement that you attest to was settled using the installment of Football League money that Stanley have just received. Unfortunately, this loan had not been fully processed by 10.30, so the only cash that the barrister could actually point to as a means of defending the club was the 96k paid from the SOS fund. Whether the 100k was received by HMRC by 5pm today will presumably emerge in due course.

This is what I gathered from being there this morning, and would happily be corrected if any of this is inaccurate. The eye-opener for me was the additional 125k of debt that has seemingly been accrued since. Ilyas told me he was still convinced that, run carefully, prudently and professionally, Stanley could survive and prosper as a Football League club. However, we are clearly a long way from that state of affairs.

Many thanks, Phil. Yes, I agree with that assessment by Ilyas - and with your final sentence. There is little doubt that we must look to the future with a club being led by men and women of vision and integrity who have the ability to harness the immense goodwill which many people have towards the club and which has been jeopardised by the current management.