30-11-2015, 19:09
Their only saving grace is that the bulk of the debt, if not all, is owed to Ediie Davies and not a bank or other financial entity. Having said that he is reported to only be worth 65m (strange saying "only" to that amount!!), so not much he can do about things except accept that he will never see that money again. If he was to simply write it off maybe the club could move forward with new investment, but with that debt hanging over them there is no way they will find anyone to come in and invest in or buy the club.