[expatriate]

Tealeaf, Dave and others,

Firstly i have been told that the accounts have now been formally submitted. I have not checked on line with company's house (I am currently in Bali, and back on Aug 20th), but i will get someone to do so in the coming days.

Secondly, the accounts are a matter of public record. there is absolutely no reason for them not to be accessed and scrutinised. However, you must remember they are 18months or so out of date, and its only when the 2009-10 accounts are filed that an accurate and more upto date picture will emerge.

with respect to the other questions that Dave has asked - as of right now I am not able to tell you (because i actually do not know what the truth is) if David O Neil and Eric Whalley have agreed on what amount is owed by whom and to whom. I think this is a question best addressed to them. On the question of the amounts owed to Mr Whalley, i can confirm that there is no agreement as yet, but I can confirm that some amount will be owed. I am of the view that the finalisation of the scrutiny that Pierce (our accountants) will have undertaken will allow all parties to agree on a figure. that is not the case right now.

Finally, you ask about other issues. Again, the 2008/09 accounts are, frankly, in my view, not relevant. the 2009/2010 accounts will be the place to be able to answer the question about open issues. As of the finalisation of the 2008-09 accounts there were a number of questions that the accounts have raised, and which have to be addressed in the coming few weeks or months. I do not, however, believe that any of these issues will affect the current situation since they are dated. One thing you can be sure of though is that the capitalisation of the club will change very dramatically due to the debts that Mr Whalley piled into the club during his tenure. those debts had to be repaid, and the consequences (including the unpaid tax) meant that the club had to raise fresh capital. that all happened in 2009-10 which is why I would suggest that you should not take too much time on the 2008-09 accounts. I have certainly not taken much time and i view the exercise as the platform from which pierce can construct a true and accurate picture as of march 2010.

In many respects the delay in the 2008/09 accounts was a positive thing, and whilst it might have affected the embargo, it also provides us all with an ability to ask the right questions. You will agree, i hope, that getting the question right is as important as anything else.

Finally for now I do not know if the delay in the accounts is the only reason for the current embargo, but I will ask David O Neil and Rob. again, there is absolutely no reason for any obfuscation on this point - it is after all a matter of public record.

As always, i will be happy to answer any questions that i am able to address with 100% certainty. I wont mislead or use avoiding tactics, however please note i am out in Bali and the access i have had in the past few days is really not the norm !