Bank Lists Club Debts
Last updated : 19 March 2006 By Covsupport
An article in today's Sunday Times has listed the amount of money the Co-Op Bank is owed by clubs.
The figures are as follows:
Derby County - £27m,
Bolton Wanderers - £25m,
Sheffield Wednesday - £23m,
Celtic - £19m,
Coventry City - £10m,
Stoke City - £1m,
Manchester City - £0.5m.
More on this can be found at
http://www.timesonline.co.uk/article/0,,2095-2092103_1,00.html
According to an article on the Sky Blue Trust web-site. "At December's AGM, Geoffrey Robinson stated that a £10m bank loan that had been guaranteed by Craigavon Limited (CCFC's largest shareholder) was now owed directly to him rather than the bank.
However this loan is believed to have been provided by Midland Bank plc, therefore the £10m referred to at the end of the article is believed to be still owed to the Co-Operative Bank."
Coventry City are expected to reveal their annual accounts in the next few weeks.
