quote:In an attempt at transparency, the club’s executive chairman Peter Trembling disclosed that the club are investigating irregularities presided over by the former ownership, but he would not divulge what those anomalies are, or what they could mean for the club.Even though the information has been offered voluntarily, it will still be cause of some anxiety for supporters. It was only last week that Notts County “resolved the dispute" over a £150,000 tax debt to HM Revenue & Customs. Had they held off paying the settlement even one more day they would have been required to appear in the bankruptcy court.It now appears as though the investigation into the club’s finances has thrown up further issues that were not discovered when owners Qadbak bought the club through Munto Finance.“Our supporters will be aware of an outstanding sum of money with HMRC which was resolved last week,” Trembling said. “In dealing with this matter and as a result of further and ongoing due diligence, we have uncovered a number of financial anomalies that are being investigated.“In an ideal world, a longer period of due diligence would have been entered into before the acquisition of the club. However, the circumstances of the club and the start of the football season dictated that the purchase had to be completed in a much shorter timeframe in order to protect the long-term best interests of the club.”
quote:Originally posted by Trust Board:I am not a director of the Football Club or the company secretary.RegardsGlenn RolleyTrust Chairman
quote:I have not been involved in any day to day running of the football club and have not had prior visibility of any of the recent media speculation.
quote: All active club board members were aware of this.
quote:Originally posted by Cher:I assume you are NO LONGER a Director of the football club or its company secretary, but you were until very recently. Would that be correct Glenn?
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