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New buyers put off by £20 million hole in accounts

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"The explanation given to us by the owners is that writing off the debt was a condition of the £10m loan they took in October 2019 from US investors FPP, who had reversed on their initial intention to buy the club after undertaking due diligence.

However, the accounts we have seen - which the club have delayed publishing - are for the year ending July 31, 2019, raising the question of how did FPP insist on the debt being written off at least three months before making the loan agreement?"

Good question.
 
Craig Hope and Bongeye.....still obsessed with little ole Sunlun.....
 
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