One of the blokes i play walking football with is a Carlisle fan amazingly, and he says Day has gone. I couldnt get my head around why you lot dissaproved of him. Anyway, where has your ire now descended upon? And why?
Printable View
One of the blokes i play walking football with is a Carlisle fan amazingly, and he says Day has gone. I couldnt get my head around why you lot dissaproved of him. Anyway, where has your ire now descended upon? And why?
The Carlisle United 1921 Limited debt of at least £2.5 million is to Purepay Retail Limited. There is no absolutely obvious connection between Philip Day and Purepay. He is not a director, he holds no shares, he is not an employee. But the company was set up with a very substantial loan from him and thus the expert financial media regard him as being in control of it. Its debt to him renders any shareholdings to be of no consequence.
The loan to the football club was originally to EWM Limited, a subsidiary of EWM Group, all owned by Philip Day. EWM Group had a bad time during the main period of Covid. Philip Day saved the viable subsidiary companies and put them into the newly formed Purepay. He was even able to take the Carlisle United debt to EWM Limited and move it into Purepay.
The expert financial media refer to 'Philip Day's Purepay'. But there is no easily found connection between Philip Day and Purepay. Indeed nobody at the football club refers to Philip Day. Only Purepay is mentioned in regard to the debt.