McNasty
Member
I would like Ron Martin to fully clarify the situation with the rent issue in a clear & precise manner.
At RH can he confirm the rent due of £520k per year for the last 11 years has been charged in full, if not what amount has been charged? Has this figure been included in the profit & loss declared each year? How much has been written off on the Balance Sheet? How much is still owing?
At FF what does he estimate the rent to be annually? How much income will be syphoned off from the club by other companies/operaters? What length of lease/security will the club have? Will the lease have regular rent reviews (upwards only)? As likely the club will struggle to pay any rent, how will the non payment be treated? Will the management company set up to run the stadium have they the right to evict the club for non payment? Will the rent be charged as at RH and cause huge losses & the current practice of being written off will continue?
At the AGM Martin stated that the rent is charged but not claimed ( it would only be one of his companies paying another of his many companies) , he doesn't anticipate demanding it but he could well do at some date in the future and he point blankly refused to put it in writing that he would write it off. As soon as there is millions in the football club ( after he has gone ) he will demand the back rent, in my opinion.