I think what’s required is an independent audit into the value of the assets/land transferred to the Swanns. IF that shows the value matches the debt covered then so be it, job done and as I mentioned above that’s a sensible way to manage the debt without increasing it. At least for now.
If the value is LESS than the quoted £11m then we all have to say (albeit begrudgingly) thank you, Mr Chairman. And we get back to the real job at hand which is getting our club back up the table and beyond.
However, if the valuation shows the value is higher than the quoted £11m then there are serious questions to answer. I’m have no legal knowledge, so if anyone knows if the freedom of information act makes it possible to get this question answered I’ll be happy to work with them in submitting the application.
