Depends on the context.
It means that the directors have assumed the risk of loss, not the club.
IMO, given the next sentence, it's most likely that the directors have given the club money as directors' loans.
Posted By: Johnny Comecardiff on August 7th 2008 at 10:22:17
Message Thread
- "Underwrite" (NCFC) - Mr Creosote, Aug 7, 10:06:55
- All you need to know is here (NCFC) - Partial Angler, Aug 7, 10:26:38
- Underwriting is assuming risk. (NCFC) - Johnny Comecardiff, Aug 7, 10:15:47
- So that means that (NCFC) - Mr Creosote, Aug 7, 10:18:54
- Depends on the context. (NCFC) - Johnny Comecardiff, Aug 7, 10:22:17
- So that means that (NCFC) - Mr Creosote, Aug 7, 10:18:54
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