Quote:
Originally Posted by redhegemony
but they 'borrowed' it ?
Did the money borrowed against the club to buy it then pay them back eg buy their own shares?
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if I understand you correctly, then... no. the acquisition debt funded the purchase of the shares they didn't own (because they... um.... already owned the rest).
Quote:
Originally Posted by TripDownMiseryLane
Maybe do a longer post on this jemima and explain how these crooks got hold of the club.
I still can't believe there wasn't at least a 'referral' at the time, that rat Woodward must have had his hands in a lot of pockets
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there was a time when I could have done a 5 sec c&p.
tbh, I don't think there is any incontrovertible proof of how they financed the initial stake building (as no one was paying attention), but I think commerzbank credit lines.