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Archived News from January 2011

HYMAS: DIRECTORS HAD NO MONEY BACK FROM LOANS
17th January 2011 12:50



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HYMAS CONFIRMS AGAIN THAT DIRECTORS HAVE HAD NO MONEY BACK FROM LOANS

steve-hymas post on Stagsnet messageboard
Thu Dec 30, 2010 1:58 pm

Neither myself, Andy Saunders or Steve Middleton have had any money back from the loans we put into MTFC.
There is no interest on them either and this will show in the 2009/2010 accounts and also the 2010/2011 accounts as they were put in across 2 financial year ends.
Yes,we must be silly old stags fans.

The directors loans were not written off. Have no set time for repayment and are interest free. We just left it as it was just in case miracles happen and MTFC decide to pay us back, not very likely in football but we live in hope. If we ever made it to the championship it would seem small fry to clear the loans.

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