Might be, but there had been no previous bank borrowing according to Ronnie at the last fans meeting, even with the 'scam'. Unless we are told, or ask at the next meeting, we'll never know about this new 'Charge'
The vishing scam is quite clearly identified in the notes to the June 2017 accounts, under events occuring after the filing of those. The scam is quoted around £745K but the sale of two players contract to Rangers and Aberdeen for in excess of £650K almost takes care of that problem. The club do not place any value on ANY players contracts held, which looks to be sensible, but any sale of players is then 'bonus' income. Directors considered the Club was sound and capable of trading on when these 2017 accounts were submitted recently. The June 2018 accounts when filed next year, will be a most interesting read!
Wonder if Mr McGowan's two companies are still being paid for services provided to the Club, during the financial year just ended in June 2018, like they were @June 2017, given the financial meltdown caused by the 'scam'?