roydo
in memoriam - 1965-2024
Ok....
So what about these loans we get from the VIBRAC at hugely inflated rates. Supposedly from a board member. Is this OK?
But i'll take it, that's just coincidence hey!!
No, I am sure Earl is tied up in those, meaning I recall reading something ages ago about them. But debt repayment to a creditor is a billion miles away from fraud.
And the rates probably reflected the clubs credit worthiness/ability to asset back them, at the time.
Earl also provided personal guarantees to the banks when he first came in.
Now that in no way means I like him, the situation we are in, or a host of other issues, just that allegations of fraud are a bit near the knuckle.