Quote: Highlander "Ah. Whitcut sold Bateman (and according to the other 3 directors statement, without their knowledge or consent) for £90k. That would probably have covered the loss from the concert.'"
Okay, (sorry in just trying to understand the situation) this is my brief understanding on the current situation, from the last big cash injection - can someone please correct me if wrong:
Ok pumps in 900k in loans, which with assurances from whitcut, ok believes will see bulls through the next 2 years
Whitcut botches the books, then announces the concerts makes profit, when asked to hand over the money, he takes out loans against the club to be able to hand over
Whitcut fails fit and proper person test at the end of the year, forcing ok to look at the books more thoroughly and discovering how the concerts did (potentially)
Ok steps down, and finds Moore and co to run the club, and agrees to sell the club on the assurance they pay back his directors loans ( I only assume here) Moore and co agree on the condition they can get in and look properly ASAP.
Moore and co discover whitcuts debts (that ok potentially knew about) plunging the club into financial crisis again, and call a fans forum to announce they weren't going to pay ok given these debts they were misled about etc.
Ok, hearing they were planning on not paying the loans, refuses to transfer the club ownership, so Moore and co step down.
Presumably tonight ok has promised he knew nothing about the extra loans and Moore and co have agreed to come on board.
Right?