mattcufc wrote:
Since it seems we have done quite well in getting the płaying side put together for£0 I'd rather invest this moneyin given Andrew Jenkins his loan money back, Nixon his £1 back and getting the pair of them out of the club and allow Andrew Lapping and his investors to come in with a clean slate and balance sheet and build CUFC as a business.
Not sure it's possible and probably complicated but while we're at it can we looking at getting rid of CUFC holdings and just having Carlisle United Football Club with AL & Co havin x amount of shares and the Trust having x amount of shares.
Problem is cash flow.
After the Lapping deal was aborted then in my view to continue to fund the club it was either continue to borrow more money from Bank of Andrew Jenkins or sell Dempsey.
Also someone needs to sign off the end June 15 accounts on going concern basis..
In short this money will be needed to run club as is, not repay AJ. Especially given the extent of antipathy and mistrust between most of fan base and Club which will hit revenues.
Reiterates if needed the folly of turning down the Lapping £1.25m, all going into the Club.
Maybe if the Lapping deal is definitely off then AJ needs to follow Fred's lead and write off his loans? Suspect he will have to at some point as club is worth diddly squat as is....