Originally Posted by VALAIRIAN (Post 1281767)

Nolan???? :confused:
Or Batty.......:)

Originally Posted by Tin Monkey (Post 1281735)

To me it reads as...

The club has to be self funding, but isn't near that at the moment.
The club has to show the EFL that it won't go under before the end of next season, or it won't be allowed to start the season.
Andy Holt has therefore stood in as guarantor for the club, hence the £250,000 'bond'.
The club therefore starts at -£250,000, but will go into the positive with the arrival of TV, sponsorship, etc money. Plus money it already holds I would think.
The Andy Holt money is really a contingency fund.

I could be wrong, but that's how I understand it. The statement is pretty poorly written, which doesn't help.