REDS HAVE DEBTS OF £1.1 MILLION
Rob Sadler of Begbies Traynor, the club's Administrators, has revealed the club has debts of £1.1million, of which £700,000 is reputed owed to the Majeeds. The balance is owed to various non-connected creditors.

The major ones will be Inland Revenue for tax on employees wages, VAT on ticket and bar sales, and arrears of wages. We know that the footballers are owed their May wages and this debt is increasing day by day. They are also owed unpaid match bonuses.

A little over a week ago Gil Roberts was quoted in The Argus as saying the debts were only £500,000.
Click here to discuss this in the forum.