Where’s the money gone?

[baggieal]

Pick the bones out of that reply AL! 🤣🤣🤣

Then he will know as will you and I. Any owner/director drawings deemed excessive will sit on the directors loan account and no issue If the company does not go t it’s up. In the event a business goes t its up a liquidator will pursue an owner/director for anything on the loan account or excessive drawings - in that the company is insolvent so monies have been siphoned off from creditors cash flow!

Take the Derby owner - bent as f uck busting the company and putting the Stadium in another one of his companies names. Many owners run insolvent clubs and are crooked - should not be allowed!

Anyone who practices corporate law would know many owners in football clubs are running insolvent businesses or using one company accounts as their private cash fund!

I would love a Villa in the Canaries! Should I borrow a few hundred thousand from our company? There’s no difference to the ethics!

What Lai did is not illegal unless the company is technically insolvent but immoral and in bad taste to the shareholders.