The latest filing from Companies House – which appears to fast be becoming the way for Yeovil Town‘s owners to communicate with fans – suggests the club has repaid at least part of its £801,538 loan to Sport England.
Yeovil Town Holdings Limited, the company’s holding company which lists Chairman Scott Priestnall and partner Glenn Collis as its directors, filed a “statement of satisfaction in full or in part of charge” on Tuesday night as fans headed to Huish Park for the draw with Altrincham.
The filing offers very little in detail but relates to “Charge 0711 3379 0004″, the reference for the latest loan taken out from Sport England to cover the costs incurred by a lack of income in during the pandemic.
The Charge linked to that reference is the additional £112,000 loan taken from Sport England in August.
The filing by solicitors Bates Wells, which represents Sport England, suggests the charge has now been satisfied “in full.”
However, the Charge relating to the other £689,538 loan taken out from Sport England remains on file with Companies House.
Whether our lender is satisfied we have paid our entire debt of £801,538 or just part of it is what is not clear – never mind who has paid it and why.
The Gloverscast has contacted the club to seek clarification on what this means – we’ll update you as soon as we hear back!