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Re: Farnborough
Views: 1333
You are correct Norm - cash does not change hands but there will be e.g. Bank guarantees required. You can be sure though that any Bank giving this form of bond / guarantee will need to be covered themselves in the form of Directors guarantee supported by a charge over e.g. property.
It seems though that Farnborough have tried to "bend the CVA" so that not all the creditors will be paid. This will run and run I expect. At least the Isthmian league are taking a firm stance at last. Shame they could not have done earlier in the summer....
Edited by Dave_LW at 18:28:23 on 20th August 2015
Farnborough by V W Swan20/8/2015 13:49Thu Aug 20 13:49:45 2015view thread- Re: Farnborough by borofan8920/8/2015 15:11Thu Aug 20 15:11:04 2015
- Re: Farnborough by Dave_LW20/8/2015 16:36Thu Aug 20 16:36:29 2015
- Re: Farnborough by borofan8920/8/2015 16:50Thu Aug 20 16:50:00 2015
- Re: Farnborough by Norm20/8/2015 17:07Thu Aug 20 17:07:52 2015
- Re: Farnborough by Dave_LW20/8/2015 18:28Thu Aug 20 18:28:03 2015
- Re: Farnborough by borofan8920/8/2015 17:03Thu Aug 20 17:03:43 2015