Michael Foley
Vital Squad Member
Bucksimp - 28/5/2015 23:34
From the Lincolnshire Echo , July 5, 2011:
Powell, who is the company secretary and is the Lincolnshire Co-operative's representative on the board [said]
"Lincolnshire Co-operative is a community organisation, owned by our 200,000 members, and we believe Lincoln City should be a community club representing the fans."
Sounds pretty cosy to me.
Not the same as 'The Co-operative Bank' I know, but part of the same movement surely, (Rochdale Pioneers and all that). Doesn't sit terribly well with the threat of execution of the club.
I did say 'Notwithstanding the period of notice given'.
We all know that in the context of football as a whole, including FIFA's ill-gotten billions, and the Co-operative Bank's own assets , the debt is a pretty trifling amount. A debt is a debt, but it does seem a bit vindictive to call it in at a time when the club is already on a life support machine.
I can't imagine 'The Bank of Dave' doing that to Burnley F.C.
By all means let's get shut of the debt, but there's the rub. When you're in the gutter without a pot to pi$$ in how do you get Wonga off your back?
Suggestions?
The quote from Jane Powell is totally irrelevant because, as you yourself acknowledge, Lincolnsire Co-operative is not at all the same as the Co-Op Bank. If that's the evidence you're producing to demonstrate the Co-Op Bank was "cosying up to the Club" your argument has no basis in fact whatsoever. The rest is simply hyperbole.