Quote: Mr Scholes. "I don’t think he’s put as much money into the club as he makes out,. As far as I am aware he hasn't paid a penny back of the inherited cva, I believe it is actually deferred till December. It is then he has to start paying back the large sum owed to council. Any coincidence that he is now looking to jump ship, months before it is due?'"
The CVA is being paid off as a liability of the club, which Koukash certainly keeps afloat. The repayment is circa £25,000 a month, and considerable administrative and legal fees are added every year. The proof of this is on the Companies House website.
However, you are right – payments were suspended in August last year with the agreement of the creditors in the CVA. The suspension can last no later than December 2016.