Baba's questions,

Damon.Lenszner wrote:

Its 60k per annum - and you are right it is a goodwill measure. It was kept thar way as lombard would nor accept a second charge on the ground being paid while their main charge wasn't being paid. The total amount is around 388k

I would imagine that 'James' would have posed the question, "If I pay you back 388k, may I ask you what you might spend it on"?

What do you think (or know) what the Trust might have said?
I can hardly believe he didn't inquire? Don't tell me he was too polite (foolish) to ask?

How much, Damon, do you know?

Rickler wrote:

does anyone know what the "old Trust" are now going to do with the money?

Hopefully going back to what they were doing before: supporting young people's sport in the South West.

Spot on peggy - and I have never been a trustee

I'm led to believe that interest is being paid on the loan and the CC have been pretty ruthless in their pursuit. Reading between the lines of what I was told the trustees were left in no doubt that they could be held personally liable and even just as supporters of the club they all had a vested interest.

The trustees have been left in no doubt as to how the money can be used in the future, much as you hope, Peggy.