Reply To: Satisfied

Iron Bru Forums Blast Furnace Satisfied Reply To: Satisfied

#236504
m181roundaboutm181roundabout
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Registered On: June 2, 2017
Topics: 4

Also no expert but…

Isn’t it merely removing a loan the club had from coolsilk? So the club must’ve paid it off or coolsilk have waived the debt.

As above this is likely a precursor to a sale, a refinancing or restructuring.

An improvement in the clubs finances could be to enable it to take out a mortgage and purchase the ground back from Coolsilk… £5mil mortgage for the new owners.

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