East London online 'underground' radio station, Radar Radio – founded by Oliver Ashley, son of the retail billionaire and Sports Direct tycoon Mike Ashley, appears to be in a mountain of debt according to recent company account reading.

After several high-profile DJs, such as Pxssy Palace and Ashtart Al-Hurra publicly left the station due to claims of sexual harassment, racism and homophobia, Radar Radio suspended broadcasting in April and went into radio silence. 

In the company's annual report for 2017, filed to Company House, Radar Radio reported losses of over £1.3 million, up from £826k the previous year. It owes a debt of £4 million, mostly to MASH Holdings Limited, which is Radar's parent company owned by Mike Ashley, also the entity through which he controls his stakes in Sports Direct and Newcastle United.

The report confirms that Radar will have the financial support of MASH for at least the next 12 months. The accounts also reveal more than £500k in closing costs, with an estimated £270k in redundancies for the sixteen people left without a job, plus £230k in professional fees related to the decision to cease broadcasting operations.

With Oliver Ashley or Radar Radio yet to comment on either matter of sexual harassment and cultural exploitation allegations, or the debt of the company, there is little to betoken what the future holds for Radar. RA and The Times have both speculated at the station closing for good, however, nothing has been confirmed yet. 

Whatever your opinion on the whole debacle, questions need to be answered about how the station was managed and run. 

With pressure building for fans and critics alike, and the station's connection with the controversial businessman Mike Ashely becoming more widely known and open, Radar and Oliver Ashley cannot keep this radio silence up for much longer.