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Sentinel today, council loan

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carpetman123 Newbie

carpetman123

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They have breached the Council loan agreement by taking out the Gib Loan and the council , could in theory call in or re-finance the loan which could jeopardise the club

 

Pervez says that by calling in the loan it could have very serious repercussions putting the club certainly into admin it has breached the agreement which says no other loans could be taken whilst we still owe the council

 

The officers are watching the situation and monitering it quite closely as they dont wish to jeopardise the club but on the other hand have to protect public money

 

The club were unnavailable for comment!!!!! now theres a suprise!!!

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Vale Newbie

Vale

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They have breached the Council loan agreement by taking out the Gib Loan and the council , could in theory call in or re-finance the loan which could jeopardise the club

 

Pervez says that by calling in the loan it could have very serious repercussions putting the club certainly into admin it has breached the agreement which says no other loans could be taken whilst we still owe the council

 

The officers are watching the situation and monitering it quite closely as they dont wish to jeopardise the club but on the other hand have to protect public money

 

The club were unnavailable for comment!!!!! now theres a suprise!!!

 

Thought it might say sommat like that :D

 

I didn't know though

 

No comment will be because of the SC now using a solicitor against the 4 directors. That was the excuse on Tuesday and its complete balderdash (anyone ever used to play boulderdash on the amiga)

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Vale Newbie

Vale

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Dunner worry, Glenn is working very hard on saving the club from the likes of.....oh hold on!:shutup:

 

Very dangerous games being played with our club by first class crooks!!:(

 

If they do they're all individually playing a VERY dangerous game as I understand and when we get an interim board in place all will be found out

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Vale Newbie

Vale

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Cue all the SCFC fans badgering the council to get their money back!!!

 

To be fair, they'd have a point as we did over the money to Stoke

 

The council have placed themselves in an impossible position and whatever they do they will be slaughtered for it

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KEV.WILLIE Enthusiast

KEV.WILLIE

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To be fair, they'd have a point as we did over the money to Stoke

 

The council have placed themselves in an impossible position and whatever they do they will be slaughtered for it

 

I would'nt blame them, IMO whoever takes Vale out of Admin will have to renegotiate with the council

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Tosh Newbie

Tosh

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If they do they're all individually playing a VERY dangerous game as I understand and when we get an interim board in place all will be found out

 

I hope so but usually it's the club that suffers while the individuals get away scot free, it's the same when a board sends a club into admin, why don't the individuals involved ever face ruin!:shifty:

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KEV.WILLIE Enthusiast

KEV.WILLIE

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I hope so but usually it's the club that suffers while the individuals get away scot free, it's the same when a board sends a club into admin, why don't the individuals involved ever face ruin!:shifty:

 

Tosh I think these people have done something illegal and so therefore should IMO, face the law.

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