08-10-2009, 23:18
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#16
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Senior Member+
Join Date: Sep 2006
Location: Portishead, near Bristol
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Re: This weeks Observer
Quote:
Originally Posted by bdc
Is it possible that the DON hasn't actually put any money into the club? I know it probably sounds daft, I have just noticed that in the statement he issued on Monday he quoted that he had put £100k in plus another £50k which makes £150k. Could this be the £150k that is on the directors loan account on the balance sheet? What I'm getting at is that the DON agreed with EW that he would take on the debt and pay him £150k on top to buy his shareholding thus creating a directors loan?  |
That's exactly what I was hinting at in my post earlier. |
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