Beefy
Life President
I thought Sainsbury's were meant to be picking up our debts, as and when they fall due? (I'm almost 100% sure I remember hearing that from someone high up) so why would we need to default or delay payments at all?
Sainsburys didn't pay over the money in January that the Club were expecting, probably to force the Club to seek approval to build the three-sided ground which has been a contingency plan for a year. Therefore the only cash the Club had at its disposal was the gate money which was used to pay the first team and wasn't enough to cover some of the fringe players and the non-playing staff, or our tax bill. February's gate money again would have represented a pool of funds which would need to be used to fight fires where and when it was needed the most - it could be used to clear the obligations which had us under an embargo if needed but that would mean that other bills couldn't be paid.
It looks like in the last week or so the money from Sainsburys has come through again, hence people getting paid and the outstanding debt to HMRC being cleared.