14-02-2021, 14:33
The money has gone to Dean wakey.
Phil has the bought the club on debt to dean. There are debentures on all club assets. A number of debentures with floating charge, A floating charge – which is usually attached to assets such as shares, raw materials and intellectual property – implies that the assets may change over time, and the borrower can sell them without the lender’s intervention. However, floating charges may become fixed if the borrower defaults. So he hasn't paid Dean in full or hadn't at time of last accounts. The clubs servicing the debt he has to dean, ie parachute payments and player sales.
Based on the finances available for this year so far. Players in prem bought on credit, paying up to 500k in interest. There's a 31m bank loan still to be paid. We made 23mil in our first prem season, 6mil the second. Overall the club has nothing to spend
Phil has the bought the club on debt to dean. There are debentures on all club assets. A number of debentures with floating charge, A floating charge – which is usually attached to assets such as shares, raw materials and intellectual property – implies that the assets may change over time, and the borrower can sell them without the lender’s intervention. However, floating charges may become fixed if the borrower defaults. So he hasn't paid Dean in full or hadn't at time of last accounts. The clubs servicing the debt he has to dean, ie parachute payments and player sales.
Based on the finances available for this year so far. Players in prem bought on credit, paying up to 500k in interest. There's a 31m bank loan still to be paid. We made 23mil in our first prem season, 6mil the second. Overall the club has nothing to spend
Another day, another door, another high, another low