SaintRichmond Posted 2 April, 2009 Share Posted 2 April, 2009 Something just does not sit right ....... SFC have been aware that the Overdraft must not exceed £4M, yet they allow it to be breached by circa £100K ??? ( by comparison, chickenfeed ) That however, led Barclays to invoke the "excess over £4M " scenario, which has led to the "Holding" Company to plead poverty But, SURELY, collectively, The Board could have come up with the "excess" ??....... I cannot believe that Saints could not have got to the end of the season before the proverbial hit the Fan The accepted deadline to declare Administration was LAST week. WHY then, was this situation not brought to a head THEN Something STINKS IMHO PS Coventry ( ie SISA) are doing quite nicely so I hear, as is Nigel Pearson ............ Lowe, the supreme Businessman, as always Link to comment Share on other sites More sharing options...
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