OFFICIAL - Sports Shield annual account overdue and face compulsory strike off!

FullofSprite wrote:It doesn't tell us about, how much we owe, just tells us what we are lending against.



At the end of the day we were always going to borrow against assets and yes we may go bust - with less debt, but we have to start from somewhere. Think Anderson is the main man not Deano. Sport shield a front.

Fair comment and debt itself is not a problem as long as you raise sufficient revenue on time to service it.

It would look at face value that Holdsworth / Anderson have roughly £30 million of debt to service in addition to the clubs normal running costs.

I assume that Davies £15 million is free of interest and only payable if we are in the Championship or above.

Therefore I guess the owners will need to service the remaining debt on the terms that they were secured upon from their revenue streams for the period of the loans.

Which will obviously limit whatever monies they have to spend elsewhere.