wanderlust wrote:So as the partial accounts are vague and ambiguous is it fair to say that the short version is that Ken has given away a chunk of the club to "an unknown person", possibly his son, and has financed his tenure as owner with loans against club assets rather than his own money?
In effect that would be taking the club's assets and rather than use them as collateral to build the team, use them to buy shares that he then gives to someone, possibly family and friends?
If it's not a fair summary, would it be possible to explain why without adding a personal attack and a lecture on morality?
Wrong.
Why do you constantly persist in stating that Anderson has funded his purchase of Holdsworth's shares from the liquidator from the clubs (Burnden Leisure Ltd) accounts???
If he had there would be a charge against ICI as security that the loan would be repaid. There is no charge from anyone against ICI - otherwise it would be shown on the Companies House records - just like the BluMarble loan is shown as a charge against Burnden Leisure.
Of course it could have been an unsecured loan but nobody as been aware of the club having the best part of half a million laying about doing nothing, nor any sale of assets / or private investment into the club again to the tune of half a million.
So where did this half million supposedly have come from to give to ICI (as an unsecured loan) when the club as clearly not had the cash available, nor sold any assets (also remember around this time HMRC was chasing the club for outstanding tax debts)?
The sale of Madine came after the purchase of the shares, so it couldn't have come from there and the Championship instalment payments were received in January (iirc) which in turn were used to pay off the HMRC.
So if the club couldn't possibly have come up with half million and nobody has loaned it to ICI (otherwise there would have been a charge against there assets to secure the loan) then where else could it have come from but Anderson's own pocket?
I get that you don't like Anderson but persistently making stuff up / jumping to unwarranted and wild conclusions, without a single shred of proof to back up your position and make your views seem somehow justifiable, is absolutely ridiculous.