Spoonz Red E
Very well known Exeweb poster
That was the conversation I had at the Club.Just going to play devils advocate here but where was this money from the EFL when clubs like Bury, Bolton, Macclesfield etc where close or did to go to the wall?
I was suggesting that in a case like Bury the EFL could advance a loan (say over 3 years) provided the club was taken over by a Supporter or Local Community Trust and the EFL was given regular updates as to the running of the club. There would also be a covenant stating that the Club could not be sold back to private ownership within a set time and only by agreement of the Trust and EFL. The loan could be to clear immediate post admin debts or perhaps be a 'matched money' arrangement, doubling that raised by the local community.
This was in relation to the fact that at the time of 'Red or Dead' we could have gone out of existence altogether for the immediate want of £350,000 pounds.
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