Posted: 14:57 12 Feb 2011
PL2 3DQ wrote:Laughter My Ploy wrote:PL2 3DQ wrote: I've just seen the legal document between PAST&DT and PAFC, it's dated 25th January.
The loan is for £330,000, PAST&DT gives its address in Lostwithiel, Cornwall, the charge is behind Lombard but in front of Mastpoint and Gardner.
Paul Stapleton has signed the document on behalf of PAFC.
Does it indicate any guarantees or payment terms?
To be honest it's full of legal speak beyond me, if anyone wants a copy PM me with your email address.
It would have wise to have another Director sign the document and not Stapleton.
I heard the money was actually handed over on the 15th January.
As much as anything else, the timeline will be part of the Charity Commission's enquiries. If the cash really was paid over on the 15th and the loan is dated 25th, that in itself is a concern. There was no announcement about it for almost two weeks after that; do we know when the Trustees meeting was to approve the loan?