There isnt anything legally wrong with the debenture system. I would suggest this is why the liquor and gaming review didnt go anywhere or produce any real outcomes. Because a government department review is going to look at the compliance aspect of thingsdoubt there is anything legally wrong with the original debenture contract ,it really needed a used by date.
fingers crossed the judge is woke ,and twists the law 2modern day expectations of how a community should be run
That doesnt mean its a good or useful form of governmance for a professional football club though, that would just be stating the obvious
I think the legal action from the Andreacchio's is potentially a good avenue...