not the whole story....
Evans had bought the club debt for a fraction of it's value. The club then owed the full debt to him... but he'd only paid a fraction for it.
Someone please explain it better than I can. LOL
Posted By: Larry Hagman on July 1st 2021 at 12:59:42
Message Thread
- Accounts out for you know who, Evans waived or wrote off nearly 96 million of debit owed.. (General Chat) - BSE Canary, Jul 1, 11:31:29
- Yes compared to Mr & Mrs W-J who have all the benefits for free!!!! (n/m) (General Chat) - bobble, Jul 1, 18:28:45
- not the whole story.... (General Chat) - Larry Hagman, Jul 1, 12:59:42
- as I understand it its something like this...Apologies long post from memory (General Chat) - Ruttles, Jul 1, 17:32:33
- Thanks - that is the best explaination for the whole clusterf*ck that I have read anywhere (n/m) (General Chat) - Kev, Jul 1, 18:08:28
- as I understand it its something like this...Apologies long post from memory (General Chat) - Ruttles, Jul 1, 17:32:33
- It actually says £95m was waived or settled (General Chat) - SimonOTBC, Jul 1, 12:06:33
- Pretty sure he's also kept like a 5% stake? (n/m) (General Chat) - trafford_canary, Jul 1, 13:30:34
- That's the point. (General Chat) - usacanary, Jul 1, 14:36:10
- Pretty sure he's also kept like a 5% stake? (n/m) (General Chat) - trafford_canary, Jul 1, 13:30:34
- wonder how much us taxpayers will be subsidising that through tax planning (n/m) (General Chat) - CWC, Jul 1, 11:37:23
- Not a lot I wouldn't have thought (n/m) (General Chat) - SimonOTBC, Jul 1, 12:06:48
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