The curious case of the 2022 debenture: Making sense of the story has got more difficult with each chapter

Back in the late summer and early autumn of 2022, Clem Morfuni was required to find around £2.8million at short notice to satisfy a demand from Andrew Curran – an associate of Lee Power – to repay a debenture which he had assumed from Power, who in turn had picked up the debt from another former Town owner, Andrew Black.

The details of those transactions only became public knowledge the following year, once various documentation had been filed to Companies House.

That paperwork showed that Chris Kiely and Eddie Parladorio had taken minority stakes – Kiely 17.1 per cent, Parladorio five per cent, held by their respective partners Hollie and Bethany.