Debt Talks Broken Down?


By Aston
March 16 2007

Reports in local media are suggesting that Town’s talk with their major creditor have broken down.

It was reported last month that a large percentage of the money owed by Town to Norwich Union could be written off but it now appears the talks have broken down and Town will continue to owe the full £25million to Norwich Union.

 

A statement on behalf of chief executive Derek Bowden, said: “Conversations with our lenders are on-going.”

 

Source: Evening Star

 

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