Having now read the report in the evening mail could someone who atended the meeting comment on the following:
The news that the RFL has allowed the club till December 2014 to put the required floodlights in place is great news as the required funding will obviously fall short this season.
The morgage arrears were paid off before I left in May 2012, and the £87k refered to is not the morgage but the inherited overdraft from barclays, is this a miss print by the NWEM ?
Re negotiating the overdraft is a good idea now there is a track record for the club but IMO this will save money over the remaining period of the overdraft and not an imidiate cash raiser.
"£100k imediatly would end all debt payment problems" IMO this will depend on how the £100k comes into the club as if it is a loan then it will be required to be paid back.
Following the meeting is the Financial Crisis over or another meeting on the subject to be held or has a short term soloution been found ?
Edited by D11, 21 May 2013 - 06:46 AM.