Quote: isaac1 "Some times people have to learn that the only way to stop the hole getting deeper is to put down the shovel and walk away. For us, Hood realised this far too late.
The pledge was a vain attempt to buy time. It has bought 3 months and more debt as we miss PAYE payments. wouldve been better to go into admin before the pledge as the ddebts to HMRC wouldnt have been so high, and might just have been a rescueable sitiaution.
what if eh?'"
As per, you make a salient and highly valid point.
What is clear, is the debt level isn't what was expected or in the format it was expected when the initial review was carried out, and that is the real shame. I certainly wouldn't plough money into any business with such ridiculous monthly costs against negligible (and reducing) revenue streams particularly when they are highly likely to reduce further fairly quickly.
The past and how etc is at this stage, slightly immaterial, since brick bats won't solve this. I have my theories on how this may play out and I hope they're proven correct. By the same token, it may very well go the opposite way and the club is no longer. The level of historic debt and HMRC's extremely demanding nature at present, make this one hell of a difficult situation I would imagine.
Adey, zero need for the personal attack, it's futile and somewhat childish given the situation. I'm not concerned as to your perception on my credibility (there is no such thing on a faceless Internet forum), which you pre-determined because I had the audacity to contradict you with fact, especially re the ST vat.
I thoroughly appreciate your passion for the club, but your view of me is absolutely irrelevant given the facts I present. As for the manner, again, that's your jaundiced perception. I may find you patronising and sanctimonious, but pointing that out solves nothing. The caveat being, let's keep it relevant.
