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.