I would imagine that the £100k was loaned to the club to help to support cash flow within the club. At the same time, it looks like the Couhigs had a £600k loan.
The £100k has been repaid to the Trust while the Couhig’s loan has been converted into share capital as part of the larger share reconstruction of the club.
Both of the two original loans seem to be relatively normal transactions for shareholders in a loss making company to make, although it clearly would have been an unsustainable position long term for the Trust.
Comments
I would imagine that the £100k was loaned to the club to help to support cash flow within the club. At the same time, it looks like the Couhigs had a £600k loan.
The £100k has been repaid to the Trust while the Couhig’s loan has been converted into share capital as part of the larger share reconstruction of the club.
Both of the two original loans seem to be relatively normal transactions for shareholders in a loss making company to make, although it clearly would have been an unsustainable position long term for the Trust.
So Will Shaw has gone now. So I guess that answers why he hasn't been up and running recently.
Seemed like a really nice guy.
Indeed but begs the question of who paid for the super duper turbo bbq that he used...
I thought it was £30 now.