Sainsbury have agreed to loan SUFC (Roots Hall Limited) £5m to allow the club to meet its debts for the next 12 months. This figure is officially capped at £5,071,711 in a signed agreement with the Supermarket giant. This evidence was handed over in court on Monday.
The document produced in court also showed that nearly £3m of that has already been swallowed up clearing earlier debts.
Other debts include the following:
Tax - £100,000
Charterhouse - £140,000
Deloitte LLP - £72,000
Bibby Factors Finance - £39,000
Southend Theatres - £4,851
HQ Hospitality - £14,763
Club Directors - £275,000
Other RM Companies - £1,600,000
The document produced in court also showed that nearly £3m of that has already been swallowed up clearing earlier debts.
Other debts include the following:
Tax - £100,000
Charterhouse - £140,000
Deloitte LLP - £72,000
Bibby Factors Finance - £39,000
Southend Theatres - £4,851
HQ Hospitality - £14,763
Club Directors - £275,000
Other RM Companies - £1,600,000
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