KittenMittens
Midfield
No, the charges over Sunderland were replaced by charges over Short's assets instead. Short in turn had charges over Sunderland's assets. You can't just look at one side of the transaction. Short taking out the loan was a cosmetic exercise to ensure the club looked debt free - simple as that. You ignore the possibility that Donald put further money into Madrox to clear the balance on the share purchase. You keep claiming that the Madrox/Sunderland debt rose to £32m, when there's no verifiable evidence that that's actually the case.
I'm going by the words of the man who owns us I haven't just made those quotes up, you heard them yourself. I'm not ignoring any possibilities, I'm very clearly saying that those are possibilities but that the accounts will hopefully show what happened more clearly.
Do we agree that at least £25m went to SBC via Drumaville by August of 2018?