Phil Sayers
Very well known Exeweb poster
Apparently all the "debt" the club is racking up to the Trust is causing substantial difficulties for the club in getting any kind of credit. Trading that debt for equity would be ideal but, as I understand it, an outdated share register is problematic. Simply making donations may slightly weaken the Trust's hand with any prospective future buyers but making further loans weakens the Club's hand when it comes to negotiating with banks etc as the picture is of a business in substantial debt to its majority shareholder. That the debt will never be recalled does not seem to factor highly in the world of finance.