Quote:
Originally Posted by Outback Ozzy
OK so the £300,000 might not be the end of the club we all love, but what worries me is the last paragraph that other liabilities are about a quarter of this figure i.e another £75,000. I agree with others, get Ilyas Khan on board now to assist D'On and EW. One wonders if this is the reason the takeover of the club has not gone ahead as planned!
Yes £375,000 might seem like chicken feed to Premiership and Championship clubs, but for a club like ours, it could be a killer. I do hope we are not having shades of '62 all over again
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the 75 K is normal for a business of this size most FTSE 100 companies AIM to be 50% geared ( that's in debt to you and I). Every business aims to pay debts at least 28 days late. This really is NOT a problem, i've asked my bank manager!