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Whalley Red · 03-06-2010, 11:58

The sale and price of the shares had been agreed last year. Reading the posts on this matter (which are therefore always second-hand at best), there are sticking points of which the main one being that EW claims that he is owed money by the Club which was in the form of loans.

Ilyas has taken overall charge of a financial investigation of the Club's affairs and therefore there has been a full audit. Once the results of this are presented to Ilyas, the issue of whether EW is rightfully owed money for loans can be resolved.

Therefore it will get sorted at some point, one way or another. I am in no position to bid for these shares myself, so my only interest is in how it affects the funds available for the team. Unless we have to pay back hundreds of thousands of pounds to EW (I don't know the proper figure, but I would imagine it would be tens of thousands at most), I can't see how it makes much difference to the team's finances. However I have confidence in Ilyas' ability to make a proper investigation into the Club's finances and ensure that we have a solid footing for the future.

03-06-2010, 11:58	#64
Whalley Red Full Member+ Join Date: Mar 2004 Posts: 668 Liked: 82 times Rep Power: 1650	Re: Coley & Jimmy Demand Contract Resolution The sale and price of the shares had been agreed last year. Reading the posts on this matter (which are therefore always second-hand at best), there are sticking points of which the main one being that EW claims that he is owed money by the Club which was in the form of loans. Ilyas has taken overall charge of a financial investigation of the Club's affairs and therefore there has been a full audit. Once the results of this are presented to Ilyas, the issue of whether EW is rightfully owed money for loans can be resolved. Therefore it will get sorted at some point, one way or another. I am in no position to bid for these shares myself, so my only interest is in how it affects the funds available for the team. Unless we have to pay back hundreds of thousands of pounds to EW (I don't know the proper figure, but I would imagine it would be tens of thousands at most), I can't see how it makes much difference to the team's finances. However I have confidence in Ilyas' ability to make a proper investigation into the Club's finances and ensure that we have a solid footing for the future.