Sean Thornton
I say a little prayer….
- Joined
- Apr 14, 2015
- Messages
- 62,180
- Reaction score
- 106,035
It was £17m and it's ridiculous that they didn't ask for a charge over the ground in exchange. I toyed with the idea of taking out a mortgage with the Co-op then using the Wednesday get out clause to avoid paying it off but realised that there's no way I'd lower myself to deal with them.
They were owed £22m + and settled for £7m. They had a debenture over the ground and other properties which is still outstanding Believe it or not.
Re the payments made on reaching the PL I thought they related to directors loans.,