Re: Bulls Takeover : Wed Oct 16, 2019 3:19 pm
Mr Dog wrote:
It will show as debt (loans are debts however you paint them) on the accounts and the Council could call the full amount in at anytime. Indeed there is a leaked document stating that that is what must be done if Wakefield fail to keep up with repayments, particularly as the asset was only valued at £1.8m a few months previous to the loan been made. Had WT been relegated that loan would have been a massive millstone around their necks.
I'm glad you let me know all that, particularly about the Council can call in the full amount at anytime. I mean, you're completely wrong, but thanks for letting me know!