Stan_disher
Vital Squad Member
This is something that has been bugging me for a while so thought I would post here to see if anyone has the factual answer.
The admins say that any buyer must cover the costs of paying the major creditors or take a 15 point penalty. I think they have mentioned £2.5M. At 25p in the pound that equates to the club owing creditors £10M. Now I know there will be some people that are owed a few thousand here or there for services they provided prior to 1/7/20 but £10M is a very big number.
We have been told that the club was well run and not in debt to anyone but football creditors (confirmed by admins as now paid) and the owners (ie Au Yeung) who has since waived any debt to him. So who did we owe £10M to?
If anyone knows for sure then please let me know.
Sorry if this has been discussed and resolved before but unfortunately I have missed it.
The admins say that any buyer must cover the costs of paying the major creditors or take a 15 point penalty. I think they have mentioned £2.5M. At 25p in the pound that equates to the club owing creditors £10M. Now I know there will be some people that are owed a few thousand here or there for services they provided prior to 1/7/20 but £10M is a very big number.
We have been told that the club was well run and not in debt to anyone but football creditors (confirmed by admins as now paid) and the owners (ie Au Yeung) who has since waived any debt to him. So who did we owe £10M to?
If anyone knows for sure then please let me know.
Sorry if this has been discussed and resolved before but unfortunately I have missed it.