Don't understand why we would actually need the money at this stage of the season when we have obviously budgeted for paying the players till the end of the season, we cannot bring in anyone else and on top of this we have the Wyke money sitting around?
Will be interesting to know the amount and the reason why it was loaned to us.
Munchy, March-April is always the low point of the year for cash until they start receiving the season ticket money for next season. Some people have suggested we only got £75k up front for Wyke. Because EWM have taken a charge on Brunton Park my guess is they have loaned a substantial sum. If I had to guess further I would say about £1.25 million but that would allow the loan from P.F.D (Carlisle) Ltd (in other words Pioneer) to be repaid. At the end of April 2016, I think PFD were owed £850,000. A loan of £1.25 million would remove PFD from the picture and add £400k to the club's cashflow which would also be my estimate of the loss for the season.
This cash injection should be sufficient to sign the accounts off for last year as a going concern and file them before the end of March.