Ok, so you accept that the shareholders (David Bower and Kelvin Thomas) received £6.68m for THEIR shares in the parent company of the football club, and then regained those shares by loaning £1.1m of the £6.68m back to the CLUB?
So DB and KT were £5.5m up on the deal, and since it went sour have continued to lend money to the club to keep it running, and it is that money that sits as a debt on the balance sheet of the club, yet if the club went to the wall then the owners "would not be affected financially" to any great extent..... it all adds up now eh?
You and your conspiracy mob are unbelievable.
They sold their shares in a company and got money for them.
The deal went sour so the shares were returned.
The £1.1 million lent to the company by the holding company is exactly that, a loan.
Subsequent loans have been made to keep the company running, or do you expect them to give the money to the company, if so why should they? Shareholder loans are everyday occurances and they stay on the books as loans until they are repaid, defaulted, or other shareholders have their holding diluted.
You might note that I have not mentioned the club, that's because it is nothing more than another company.
I know a lot of don't like it, but it is just the same as any other business and is bound by the same rules as any other business.
What about the missing money? I hear you cry.
There is no missing money(well not from this group of owners) and if you think that something illlegal has gone on then report it. It's time to put up or shut up.
