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Doug · 29-09-2009, 22:39

I don’t recall Rob saying that the club was taking out a loan to pay into the fund; I understood it to mean that three of them where putting in between them a total of £100 to £120k. I took that to mean that they where each taking personal responsibility for there individual contribution, i.e. they are taking out loans personally to input in to the fund, not the club taking on debt. Also conceder this, no Bank will give that sort of loan to the club, we have a CCJ registered against us and a winding up order that will take effect within a couple of weeks if this doesn’t come off.

I think its going to be their personal debt and for that if true, they should at least have the right to be given a chance, if not respected. If this is personal loans and it goes tits up it’s possibly their homes on the line.

29-09-2009, 22:39	#23
Doug Member. Join Date: Jun 2004 Location: Bispham Posts: 9,477 Liked: 71 times Rep Power: 3502	Re: O'Neil Where Are You ? I don’t recall Rob saying that the club was taking out a loan to pay into the fund; I understood it to mean that three of them where putting in between them a total of £100 to £120k. I took that to mean that they where each taking personal responsibility for there individual contribution, i.e. they are taking out loans personally to input in to the fund, not the club taking on debt. Also conceder this, no Bank will give that sort of loan to the club, we have a CCJ registered against us and a winding up order that will take effect within a couple of weeks if this doesn’t come off. I think its going to be their personal debt and for that if true, they should at least have the right to be given a chance, if not respected. If this is personal loans and it goes tits up it’s possibly their homes on the line. __________________ On - Stanley – On - Who’s Laughing Now - Last edited by Doug; 29-09-2009 at 22:44.