Re: Club statement
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"This would leave £550 000 in the Escrow account. £50,000 of this amount would be a further contingency which is expected to be matched to grant support from The Football Foundation Trust ..."
I found this section - "... of this amount..." - difficult to follow. Is the money ultimately down to £550 000 or £500 000?
Either figure is appalling.
RPV rent is around £20 000. It seems the new board and its investors could not muster that sum to pay the rent and so chose to further risk Ks future.
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