Forget the 200k Thomas paid for tax bills and wages to take control. Talk to me about the 5 plus millions dumped into clubs accounts by Thomas and co, giving a full description of what value you are seeing for such a vast and toxic debt?
And do you believe for such a debt, monies, should they have really been spent, couldve been used in a more pro active manner such as building up our clubs infrastructure?
I can wait.
FFS I can’t stand by and listen to this sh1t any longer. What the fcuk are you talking about “toxic debt”? One of my companies owes me about 1.5 million. If I called that in then all that would happen is a large echo back from the hills and fcuk all else. I could take the money out of the profits (but I could do that anyway, debt or not). I could decide to sell the assets (but I could do that anyway, debt or not). Or I could sell the company to the highest bidder and pocket the cash (but I could do that anyway, debt or not). So in other words a business being in debt to the owner means absolutely Jack Sh1t. I’ll tell you when debt does matter. Let’s just suppose you own a division 2 club and you hypothetically decide to blow a few million on a new stand. Now let’s suppose you decide to borrow the money from the banks (good luck with that), outside investors, local businesses and/or well wishers. Now if they at any point decided to call in the debt you would be proper fcuked, with a fire sale of your best players, assets, a reduction in staff and services and all that goes with it. Still thankfully we’re fairly safe as a only a completely incompetent cretin would suggest that? Jesus, months on and still the same bollocks?