Rick
26th April 2007, 05:29 PM
This is from the T&A site.
http://www.e-telegraphandargus.co.uk/display.var.1357061.0.rhodes_furious_at_administra tion_reports.php
Fuming Julian Rhodes has hit out at "disgraceful" claims that City could face a third administration if they are relegated.
Two national newspapers today carried the report which alleged the club were up to £16m in debt.
But Rhodes, who has spoken to the club's lawyers, insisted: "That is utter garbage. There is not a grain of truth in the story which could have caused us untold damage.
"We are in talks with several potential investors and I've already had one on to me wondering what on earth is going on. These papers may see it as a throwaway line but it's disgraceful and they have picked the wrong club to do it to this time.
"The only debts really are the ones owed to me and they are nowhere near the amount being suggested. We are up to date with all our other payments.
"You think about where we've come from since 2002 when we did have astronomical debts. We are practically debt free other than what is mine.
"That is why I'm furious about this and aim to make sure they do not get away with it."
We are in talks with investors well forgive me if I don't really believe him on that one, how many times is that line going to be used.
He goes onto say the only debts BCFC have are owed to him and that we are practically debt free which ties in with the clean slate we have been hearing about.
http://www.e-telegraphandargus.co.uk/display.var.1357061.0.rhodes_furious_at_administra tion_reports.php
Fuming Julian Rhodes has hit out at "disgraceful" claims that City could face a third administration if they are relegated.
Two national newspapers today carried the report which alleged the club were up to £16m in debt.
But Rhodes, who has spoken to the club's lawyers, insisted: "That is utter garbage. There is not a grain of truth in the story which could have caused us untold damage.
"We are in talks with several potential investors and I've already had one on to me wondering what on earth is going on. These papers may see it as a throwaway line but it's disgraceful and they have picked the wrong club to do it to this time.
"The only debts really are the ones owed to me and they are nowhere near the amount being suggested. We are up to date with all our other payments.
"You think about where we've come from since 2002 when we did have astronomical debts. We are practically debt free other than what is mine.
"That is why I'm furious about this and aim to make sure they do not get away with it."
We are in talks with investors well forgive me if I don't really believe him on that one, how many times is that line going to be used.
He goes onto say the only debts BCFC have are owed to him and that we are practically debt free which ties in with the clean slate we have been hearing about.