Iron Bru › Forums › Blast Furnace › 2024-25 accounts › Reply To: 2024-25 accounts
I don’t think there is any great expectation those loans will be paid back, especially int the short term. They are unsecured and interest free.
Even if things went bad, there is no way the club has a chance of paying creditors with minimal assets and a small pot of cash.
If I remember right, Michelle wasn’t simply given the shares. I’m sure it has been mentioned that she paid off WHAM, somewhere in the region of 100k?
