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Re: Bottled it

By ollie18/3 21:08Mon Mar 18 21:08:18 2024In response to Re: Bottled it

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Hi Jim, hope you're well.

The issue of the AFCW draw down was something identified by the KBH group. It became one of our red lines and was also part of our calculated commitment to £150k new money into the club. I find it unbelievable (but more worrying if true) that the current chairman - who I believe has been on the board for 7(?) years - does not know the full facts when a group of outsiders who were consistently denied access to the accounts to complete due diligence could see it so clearly.
To the new directors, welcome. But I find it equally worrying that these new directors now also say they don't have the full facts. What due diligence took place before investing? If none, is this the real reason these new offers were chased down by the chairman and outgoing directors so quickly, whilst delaying and crashing an offer of significant new investment into the club itself?

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