Big Dave T wrote:The thing that makes this worse is that its a year old too. With the losses of 450k in the last 12 months the debt is 3.6mill, add to that rovers future contribution to the build of the stand the debt could reach 4mill. Becoming a sustainable business with 10k gate is one thing, paying off the debt is another task altogether. The biggest worry if i were a rovers fan is the 2.2mill owed to creditors in the next 12 months.
That's the thing.
It being reasonably acknowledged that the majority of the debt is serviced by the Board, and Hudge stating previously that the current Board are onboard at least until the end of next year seems to fit in with this new 12 month deadline.
It's almost as if the Directors who have contributed to the debt are saying we want substantial repayment in the next 12 months or we're off.
Debt called in and no Board to boot.
Crossland's Parasol peers getting twitchy?
Don't know, but quite how this £2M is going to be found other than from a new benefactor is a mystery. Even to Hudge?