Accrington Web - View Single Post - ASSF response to The Dons programme notes ...

Tealeaf · 27-09-2009, 18:58

Surely one question is this - when the Don pushased the majority shareholding in ASFC, did he undertake a complete exercise of Due Diligence? If he did, then a fully reconcilied balance sheet would have revealed the amounts due to HMRC. If he was aware of this then he should have known that future cash resources would have to be made available to cover the liability. If he was not aware of it, then why not? Was everything due to a spit in the hand, followed by a shake of the hand? Or was there possibly some incorrect financial recording in the books ?

27-09-2009, 18:58	#27
Tealeaf God Member Join Date: Jan 2004 Location: Paradise Lost Posts: 7,220 Liked: 11 times Rep Power: 4266	Re: ASSF response to The Dons programme notes ... Surely one question is this - when the Don pushased the majority shareholding in ASFC, did he undertake a complete exercise of Due Diligence? If he did, then a fully reconcilied balance sheet would have revealed the amounts due to HMRC. If he was aware of this then he should have known that future cash resources would have to be made available to cover the liability. If he was not aware of it, then why not? Was everything due to a spit in the hand, followed by a shake of the hand? Or was there possibly some incorrect financial recording in the books ?