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Peter O'Rourke Quote..
at 07:34 28 Nov 2023

Very interesting to see how this plays out. If O’Rourke is serious with this,then it should be very easy for him to confirm that it’s not a payroll issue. If it is,he looks quite bad with his story. Also,he knows very well that the club is in talks with buyers and a story like this can be very harmful. All in all,plenty of reasons to make an accurate piece of writing.

Rochdale on the other hand could make it all go away and publish a statement today saying that the story is false and it’s a payroll issue. Nothing more needs to be said.

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EGM
at 20:51 28 Jul 2023

It is a very interesting situation indeed and there have been some excellent points in this thread. Here are a few thoughts to add.

- more details are needed on what the nature of the loan is.What is the exact amount? Is it a term loan or revolving credit facility? And of course, what is the price of the loan.
- What is the loan used for? Is it to finance capital expenditure (probably not)? We are one week from the start of the season. If this is related to working capital items, is our financial situation really so dire that we can't wait for matchday revenue? What is the urgency of the situation?
- What is the actual cash position? Are we out of other options? Has the club contacted banks and concluded that a short term bank financing is not an option?
- What are the loan terms? i.e what are the payment terms and payment schedule like?
- A loan like this would lead to a situation where managements' personal finances are very much connected with the club. A very careful consideration is needed before going there.

This is a bare minimum amount of required information, without which no shareholder can form a proper opinion of the loan. Furthermore, having an option to join the fan forum and especially the EGM remotely is very necessary.

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jth

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