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FAO Getyourfactsright

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blundellpork
September 15, 2017, 10:59pm

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Quoted from KingstonMariner
Rob the explanation behind that payment back to Five Star Fish makes it sound like he didn't have the authority to lend the club that money in the first place, otherwise how could the new owners demand the money back?

Also how could they make a company that had borrowed the money in good faith pay it back unless it was on 'repay on demand terms' which is not a secure way of borrowing in the first place?

Furthermore, why set the repayment up as a pension contribution? Why not just pay it back?

For JF's sake I hope you've got that wrong.


Seems simple enough to me. Whilst owner and Director of Five star he approved a loan from Five star to GTFC. The new owners simply asked for the loan to be repaid. At the time of granting the loan Fenty had the right to do it. The new owners simply asked for it to be repaid.
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