It’s your claim, isn’t it?

If it helps, I’m not a supporter of MC or JM. Don’t know them, never met them. I just think there’s a bigger picture and that they’ve always had to play with a weak hand: lack of money. Eventually, your luck runs out.

Our best period in SL was when Kear was involved, and it can’t be a coincidence that it was the only time Chester had a successful period, when Kear was helping him.

Slugger,I'll step in here with what I know

Land loan £3.1 M
COVID loan £1 M
Cumulative trading debts to date £1 M
Directors loans £1 M

Last two are only approximate figures but quite near and I strongly suspect Ellis will not be taking on the directors loans. The out going board will have to take those.

How do you know trading debt to date? They haven't done the accounts yet.
And the director loans aren't exactly a debt they've left Ellis with are they. They gave the money to the club and are not asking for it back. How to twist facts.

They are on there. The balance sheet shows net assets of £754,393. On the face of it it looks good, however it only looks good on paper. There are fixed assets of £6,302,584 which is the value of the land and buildings. Current assets of £482,566. Against this there are over £800,000 of creditors falling in one year and over £5m in creditors falling due after more than one year. So we have net assets but only if you can sell the ground to pay the creditors. The true position is that we have over £6m in creditors and very little if no means to repay the creditors. You can paint whatever picture you want on paper but in truth we need the takeover completed

I did say, Ellis will most likely not take directors loans, at least I thought I did.
The accounts have not been filed at companies House, I agree. But any due diligence will have up to date on going trading figures , I know you will not be party to them but others are

Those accounts are a year old.
The director loans are not going to be transferred and the stadium and other income pays the other loans, same as everyone else who has a mortgage.

Are you party to them?

All of that debt is serviced. All payment schedules are up to date.

What point are you trying to make?

Every club - indeed every business - runs debts.

It's a straight forward principle of business practice.

Of course, if we start to have less income coupled with rising costs, servicing the debt can become problematic. Ask Bradford.

Do you know slugger asks a reasonable question. I put in my five penneth to help him out with what I know and then all this.

Pop Tart asked you a reasonable question also.

Why the chippy response?

I don't get it.

I was just asking because you said you didn't think I'd see the current accounts. Which is correct, but as you'd posted a number I assumed you meant you did have access to them.

yes they are the accounts for 2022 which have just been filed, the latest ones on companies, are you saying we are now in a better position