-
Dilution of the PDT
So Fortress Tesco requires some urgent repairs in order to secure the necessary safety certificates but the works were never included within that 'robust business plan' of theirs...
Step forward the generous presidents to cough up the best part of half a million in return for a fat chunk of the PDT's equity in the club (7%, in fact)..
So next time a bog needs unblocking and Champagne Iain pays for Dynorod on his own credit card, the PDT will hold less than 50% of the club.
Community ownership in all its transparent glory..
Probably just as well I'm not the sort to say we told you so...