According to Nige

[Elite_Pie]

Interesting that Nige decided to start with Lucas Akins last night hours after he admitted causing death by careless or inconsiderate driving at a hearing earlier that morning.

https://www.bbc.co.uk/news/articles/cj6715jpkw8o

[Lullapie]

Did they? Sustainable does not necessarily mean profitable, it does mean affordable. You're not making money on the beer you drink but you still buy it.



That's not what I said. I said it's not a debt that has to be serviced. The club owes the Bros. The concept is easier to understand if you treat the club as an entitiy in its own right, which as a limited company, it is. The Bros cannot call in the debt from the club as for instance a bank could, or some third party lender. From everything they have so far done they are not desperate to reduce it but they will not be held to ransom and they will take profit where there is good value in so doing.



Absolutely. They are neither daft nor desperate. A great position to be when carrying out dealings.

Yes, the loan sits on the Balance Sheet possibly as a security to show any prospective buyers what is owed by the club.

The brothers will ensure that every penny they put in is recorded this way in case they sell the club (and they can feasibly ask to be repaid this loan from the new buyers) or if the club goes through, then they will not be unsecured creditors, but instead, have a security on the loan for any pay out from remaining assets, but behind the bank in the queue of course.

[DaveSmithRules]

Yeah, it's nuts. You'd imagine that the next few games will be Akins' swansong though as I'd guess that causing death by dangerous driving will involve a custodial sentence of at least a year. He's 36 now so unlikely to play league football again after he's back out.

[Elite_Pie]

Yeah, it's nuts. You'd imagine that the next few games will be Akins' swansong though as I'd guess that causing death by dangerous driving will involve a custodial sentence of at least a year.

Causing death by dangerous driving isn't what he's pleaded guilty to. The lesser charge of causing death by careless or inconsiderate driving can often avoid jail with a good lawyer.