Quote: WHERESYERBALL "But does anyone agree with me???? About the director loan not Starbug lol. If the fans raise thousands and the club goes bust all the money is lost!! Where do we go then do we collect again for a new club ??'"
Any money raised by the fans should be held separately or on Trust and only given to the club once they know there is a clear prospect of avoiding an insolvent process. I realise the directors are working hard to avoid it but that's not completely in their control if the likes of HMRC don't agree to their proposals and demand repayment of a debt the club does not have the money to pay.
Trying to do deals with creditors(basically an informal Company volintary arrangement) is always very difficult as it only takes one creditor to turn bandit and the whole thing fails.