Re: D-DAY Monday! : Sun Jul 30, 2017 6:24 pm
WakiLeaks wrote:
I agree entirely.
MC has said that he will more than pay back any interest and, it will cost WMDC nothing.
That is a very noble gesture however, unless he is also willing to stand as guarantor to the loan, presumably moot.
If York Court liquidate or walk away, the council would be left with a loan they couldn't pay.
Presumably without a benefactor, neither could the club.
MC has said that he will more than pay back any interest and, it will cost WMDC nothing.
That is a very noble gesture however, unless he is also willing to stand as guarantor to the loan, presumably moot.
If York Court liquidate or walk away, the council would be left with a loan they couldn't pay.
Presumably without a benefactor, neither could the club.
The stadium itself would be the guarantee once completed. If for whatever reason the council were unable to compel Yorkcourt into paying the loan and Trinity were forced to move out then the council could have it in the terms that the stadium trust would revert the stadium into council ownership