Quote:
Originally Posted by Wirral Red
When the takeover comes what happens to any balance in the club accounts , this is possible as we will probably have had a couple of the £90,000 payments from the National lottery as well as early season merchandising takings. After outgoings there could be a bit in the kitty.
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They are buying the club, both it's asserts and liabilities. Cash in bank becomes that of the owners, just like the debt.
Lawyers on both sides will perform due diligence to check what is the correct figure or more than likely in this an agreed one.