If he wasn't aware of it, Sluffy might find it interesting to look up the Derby County case. The circumstances were not entirely unlike Bolton's in that Derby were struggling with the financial impact of relegation from the Premiership, its major shareholder couldn't afford to put any more in and the Co-op Bank wanted its money back.gloswhite wrote:Welcome to the mad house 10/-
I think somebody had been spiking Sluffy's cocoa, but he seems to be getting better now
Enter 'the three amigos' who buy the club for £3 from a Receiver and mortgage its assets to a Panamanian outfit as security for a £15million loan.
'The three amigo's' decide they'd have a bit of a payout (£125,000 each plus VAT) but went to the trouble of disguising the payout via a fictitious invoice for services that hadn't been rendered from a company in Sidcup, Kent. That's where they and their Monaco-based advisor came unstuck.
Last edited by Ten Bobsworth on Fri Aug 18 2017, 10:15; edited 1 time in total (Reason for editing : spelling error)