Quote:
Originally Posted by expatriate
I understand that the Club owes more than £200,000 to various creditors. I believe some of these creditors are due and payable. In fact, to Mr O Neil's credit, I believe he has previously lent money to the club for money that was owed. My hope is that these various debts can be paid off through an issue of equity, and if Mr Whalley cannot contribute, then there are many others who will. Owning shares in Accrington Stanley can only be a positive thing for supporters, and it could save the club from incurring debt.
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The last accounts submitted to Companies House are for the year ended 31st May 2007. The accounts for the year ended 31st May 2008 should have been submitted by 31st March 2009 but are now marked as 'overdue' The Club could be fined for submitting late.