18-06-2019, 17:57
I'll just add, the interest part is just a way to avoid tax (avoid not evade so legal) if the overdrawn directors loan accrues interest then its not taxable under s455 (20% per year) therefore, id assume the hefty interest is just an 'accounting adjustment' and will just be written off when the debt is eventually paid.
Like DD I've seen this before (a few times in fact) but surely the FA or EFL wouldn't allow the club to be wound up.......oh wait that's right we're not the top 6 so they couldn't give a damn!
In all seriousness, I don't understand why the club cant still be competitive under its own steam. Honestly, there seems to be a major black hole where cash is being sucked into and it needs to be closed asap!
As much as we all love football in general, the whole thing is corrupt and its now our club! Bring back some serious owners with the clubs interest at heart! I don't even care if they cant invest more than the purchase. This needs to stop! Anyone got a spare 105mil lying around :/
Like DD I've seen this before (a few times in fact) but surely the FA or EFL wouldn't allow the club to be wound up.......oh wait that's right we're not the top 6 so they couldn't give a damn!
In all seriousness, I don't understand why the club cant still be competitive under its own steam. Honestly, there seems to be a major black hole where cash is being sucked into and it needs to be closed asap!
As much as we all love football in general, the whole thing is corrupt and its now our club! Bring back some serious owners with the clubs interest at heart! I don't even care if they cant invest more than the purchase. This needs to stop! Anyone got a spare 105mil lying around :/