It's been written off for the period covered by this set of accounts. It's still on the books as money owed to the club though and is therefore still recoverable during an as yet unspecified future accounting period.

That future period could well be in a galaxy far far away but the debt itself hasn't disappeared into thin air. And even if it has it might not be the worst thing that could happen.

If we don't meet MSD's repayment schedule for 'our' loan with them we could slip into administration and get sold off to a new owner at MSD's price of asking.

There's a silver lining in every cloud and that's ours but knowing our luck we'd end up with Lawrence fkn Bassini in charge 😉 .