Reply To: Bad debt 250K – see it now?

Iron Bru Forums Blast Furnace Bad debt 250K – see it now? Reply To: Bad debt 250K – see it now?

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ironfromafarironfromafar
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Registered On: October 10, 2021
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Bad debt on a balance sheet would almost certainly be relating to money we are owed that we now no longer think is retrievable. So, who owes us £250k?

Perhaps a better way to say it would be “cash monies due to the Club, and which the Club could reasonably have expected to receive, but did not”…

This 250k mentioned on the BBC Sounds K Maguire interview .. its an awful lot of money to be owed and be allowed to be owed and without seemingly any action to retrieve it ISNT IT ? with the club loosing 65k a month and fans fund raising and assisting at every opportunity should it be be explained as commented bt BLT a couple of posts earlier???? .