Quote Originally Posted by MikeSB View Post
Could we be in a worse shape? I didn't actually say the other Directors were 'bleeding' money out of the club. I suppose when NH saw millions doing nothing in the accounts, he thought, hang about! It's a complete dereliction of shareholders duty not to have supported the FIRST team and put all the money on a kids playground adventure...that may have with a bit of luck, roll of the dice scenario that it would pay off....

I wonder how much money the Directors have loaned the club and how they think they are going to get it back in a period of transfer stagnation?

We didn't need to see the Blackpool scenario to tell other businessmen what is right and what was clearly wrong. What if NH refuses to pay anything back?
Blackpool set a precedent for legal action, it’s not about right or wrong. Before then if the majority shareholder was self interested and asset stripping the club he could do as he’s the one who makes those choices. Now our board has seen a route in which to fight back a bit.

Yes we could be in worse shape. With a chairman taking money and no academy to back up the first team we could easily go down the same route as Stockport, Tranmere , Halifax, Wrexham, Chester, York etc

Mike you seem to be under the belief that if this money hadn’t gone to the academy then NH would have let it be spent on the first team? Isn’t it a bit more likely that he saw a cash cow that was producing saleable assets so kept that funded while taking money from elsewhere?