just a few quick points to make, the other day, i had posted a long reply, giving you a back ground of our debts, for some reason the computer went on the blink and it got deleted, anyway just a few points to make.
* The debt of 2 million is made up of nearly half the cva from when we were in the FL, Basically when we went in to administration last time, we were made to pay the full pound in the pound to our preferred creditors( i.e. football debts and VAT, etc)
which came to a total of about 450,000
*Up until now, we had been paying 4000 a month paying off that previous cva and had only 40,000 to go till it was cleared. However as the current consortium had been issued with a windig up order by an ex chairman for 8,000 it basically allowed every other person owed money to place a winding up order against as. And as a result, the other remainder of debt from when we were in the cva has been added on to this current CVA.
So Basically.... Old Debt was 1.1million (The cva was to pay back 450,000 to the preferred creditors)
So the remaining 800,000 odd has been added to this cva which has taken the total up to 2,000,000
Now for a few interesting points.
* The majority of local companies on the creditors list have been from the previous cva, not this one, so all you going on about the free travel to droyslden and all that, can now realise that it was not paid for by the club..
* The schools and St Johns were also from the previous CVA. lets just say, since the last cva not many coach companiers, schools(where we trained) would touch us, and even if we offered to pay up front,(we had no training facilities up until about a season ago.
Also the majority of the debt apart from the 500,000 to HMRC(which is 250,000 for previous cva and same for this one) Belongs to rich ppl who have invested in the club or companies they own/ are involved in, i really dont think most of these ppl expect their money back, And considering nearly all the individual ppl on the list still attend the shay on a weekly basis and often seen sponging off the club using the directors lounge. Then im pretty positive that getting any money back will be more than they ever expected.
Also we lose 30,000 a week, but we have no commercial side ti0 speak of, when the take over is completed and the stadium finsihed off by the council, then i fully expect the turnover at the club to increase by more than 30,000 a month.
Let me ask you a question, How much money do you think your current board has pumped into your club..... Have they put the money in as loans.. or do they it out of the goodness of their heart... if they ever leave do they expect their money back?
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I will take whatever punishment or not, the Conf give us. I posted this only to give you some info on the whole situation, whether this changes any of your minds or not is down to u. But its better that you know, and be better informed about it