Quote:
Originally Posted by Doug
This is something that as been bugging me, I read that IK & PM where donating the funds that they had committed therefore there can only be a debt of gratitude to them, not I fiscal one.
DON & EW are aledeged to have put their own funds in as loans; so if the club is owned by the debtors then these two are in the running; it also looks to me that this as been a clever blind to get IK & PM to put up the funds to bail the club out.
DON also stated that the club was almost free of debt; so it makes EW's 51% worth something.
Just thoughts T.
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Unlikely, Doug. If IK & PM had donated the money, it would have to go through the revenue accounts ( i.e. hit the P & L statements). That is highly unlikely because it would then leave them with no leverage whatsoever.
I suspect DON's statement was made after Ilyas said he would not be calling in his loans but in any case we all now know from hard experiance that we treat any statements (or non-statements) by DON with the contempt they deserve.