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chav
Semi-Pro
United Kingdom
517 Posts |
 Posted - 15/10/2008 : 13:15:55
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Nick,
Hope this is not breaking forum rules but this is fact as I have been approached about it. If it is breaking the rules, then feel free to delete. I understand totally. I am reporting the FACTS I know, which is legal, and AFAIK, in the public domain anyway.
For sale for £1.
Purchase ledger £700000 (that's how much they owe.)
Ongoing sponsorship contracts £1.4m. (if they fold Fred and KP go to Adidas)
Debtor book- £minimal.
That means you need to make £2.1m profit pa to make it work or cashflow £700k and recover £1.4m.
Impossible. Dead in the water. |
Edited by - chav on 15/10/2008 18:16:08 |
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