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Re: Morecambe
Considering the "wealthy" new owners used some small unknown asset finance broker from the North East as their "advisors", it does look as if their idea was always to borrow money on the ground, the stadium, the plant/equipment, etc via mortgages/re-leasing, rather than put money in themselves. I was surprised at the time, any genuinely wealthy buyers would be using the large respectable solicitors/accountants as their advisors, not what appears to be some small-time brokers. I hope that they havn't actually done any loans/lease back deals and just pocketed the money leaving the club worse off than before
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