September 2022 Advisory Board Meeting minutes

CM reviewing the position of historic £2.95m Debenture debt outstanding since 2012 and how this could be resolved to ensure the Club is debt free. CM’s focus is laying strong foundations, working to make the Club debt free, owning the ground and starting plans for development of the ground.

Legal Update - Able have raised a winding up petition against the Club for the debt they are claiming . Club are fighting due to concerns overits legitimacy and that it was paid through a 3rdparty –Consulting Logistics and this relationship has not been explained. Club will fight but have the funds to settle if the courts order the Club to do so. Petition now heard and Able claim dismissed subject to appeal, however, Centerplate are taking over the petition. The Club will continue to contest as it believes the amount due to Centerplate is much lower than claimed, next hearing due in late September

Legal Update - Eddie Parlandorio - Reviewing historic c£2.95m debenture debt that was originally set up post Andrew Black’s ownership and how this can be managed as CM looks to get to a position when the Club is debt free

Contradiction as per the information above and also on July 2022 AB Meeting minutes from Rob Angus.