Administrators called in.
Gulp.
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Administrators called in.
Gulp.
Ha.
It is clear that the EWM administrator can call in all the assets of EWM to pay creditors. The Carlisle United loan 'facility' is an EWM asset. It was last known to be of value £2.89 million. So the EWM administrator can take £2.89 million of Carlisle United's assets.
But do not worry, in the last 1921 accounts the debt was £2.89 million and the Tangible Assets were £9.3 million.
There are of course some cynical bastards who reckon that the real value of Brunton Park is almost fuck all.
"Tis but a scratch".
I have complete confidence in Andrew Jenkins, John Nixon, Steven Pattison and CUOSC to see the club through this and indeed for the club to thrive.
I blame Fred Story. He was the one who gave the club to the buffoons. This resulted in the club being insolvent in March 2017 and the buffoons had to go to the Dark Side.