The setting and circumstance of the above image shall be repeated. The situation as I see it is beyond repair.
The massive debt that this club faces originates from Eric Whalley's ridiculous valuation on the club and therefore his failure to sell. Eric should've reacted to the team's success in the Conference and prepared to sell. He said on many occasions that he couldn't run a club in the Football League. He also said that the club had no debt. 2009 rolls around and Eric gets ready to jump ship as the authorities loom. Poor old David O'Neill gets lumbered with a club in masses of debt. Dave is clearly out of his depth and makes one truly terrible decision; he turns down the one chance to save the club. The offer he turned down was to pay off all debts that the club has and recapitalise it. He
turned it down. Seriously. Now, even if he scrapes enough loans together to pay the tax man (which I'm sure he won't), he clearly can't run Accrington Stanley. The club will run at a loss due to its low attendances and lack of revenue aside from match days. The club needs constant injections of funds to keep its head above water. There aren't any sponsors knocking at the door and Dave hasn't got any more cash to put into the club. The fundraising ideas from the club have been few and far between; totally uninspiring for future income. I can't believe that there are some remnants of the 'Dave will sort it' attitude left around this place. It's actually sickening now.
If anybody can tell me that Accrington Stanley 1968 Ltd will still be playing football in Coca Cola League 2 after 24th October 2009, it'd be much appreciated. Stick some sort of logical reason to it and I'll be jumping for joy.