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Loans/ Debt to the owners

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Guinness Guzzler said:
That might change before long
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20k(ish) will renew next season regardless I feel. Away numbers will stay strong… can you honestly see a planned and collaborative approach to a protest at the match?

I think there should be one, but apathy won’t enable to happen. Gallows humour has well and truly set in on the terraces.
 
TJBlackCat said:
It is incredible, but it's because for most fans going to the match is a way of life and most are unwilling to give this up even if doing so may be for the good of the club in the long term. People are very good at separating the ownership issues from supporting the team.
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Definitely some will be more vocal than others.
When we protested and organised so many other means of running out a previous scum bag out of Town we were met with a fair bit of resentment from those that just wanted to watch their team.

Not a good part of our rich history. Probably the closest I became to walking away.
hardlife said:
Too right......all of you stop going.
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I would still go but would be protesting vocally inside and outside of the ground.
 
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1879 said:
Meh, it’s what we do, despite all the anger and gnashing of teeth on here and social media the hardcore will always back the team… despite the never ending shite we endure.

One day, hopefully we’ll find our way back.
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You can still back the team though.
......You will come back from all this, the big clubs always do.
 
Well, this is yet another shocking turn up for the books.

So they've been putting in the money that they said they'd pay back as a debt? Nope. Fuck that, this runs contradictory to everything they said they'd do. They owe us that money, they don't owe us 'funding' or loans back to us to repay loans that they took from us and then wiped off the books.

To me there are 3 incidents in the last 3 years that warrant scrutiny:

1: The taking out of the Close Bros loan in May 2019 at the same time that Donald paid off at least £7.6m of his personal debt to Ellis Short for the purchase of shares. That share purchase was almost certainly secured against the club via charge 000491160029 or 000491160030, which was written off within 2 weeks of them taking out said loan, of which they said odd things, such as 'they realised they didn't need all of it', and it was 'an advance on the parachute payments' - hint: The debt was secured against parachute payments, therefore by saying this, they immediately bring into play the idea that one or more of the debts Donald owed to Short were paid via this loan that they 'didn't need'.

2: The repayment of FPP's £9.5m loan to Madrox in 2021, and the method of doing so (ie: to confirm that club money was not used). This is the one that is hardest to work out, but I can guarantee you something right now: There is virtually no chance that they paid that in without trying to find a way for the club to pay it back.

3: The methods used to pay back - not 'replace', not 'fund', but pay back the debt they wrote off to the club - the parachute money that otherwise, they used as working capital for their deal to purchase the club.

There may be innocent explanations for all of these things, but I do not for one second believe that all of the above things will have been done the 'right' way that leaves us in a net neutral position vs where we would have been with the £25m parachute payment in the bank in 2018.

Get them OUT.
 
KittenMittens said:
Well, this is yet another shocking turn up for the books.

So they've been putting in the money that they said they'd pay back as a debt? Nope. Fuck that, this runs contradictory to everything they said they'd do. They owe us that money, they don't owe us 'funding' or loans back to us to repay loans that they took from us and then wiped off the books.

To me there are 3 incidents in the last 3 years that warrant scrutiny:

1: The taking out of the Close Bros loan in May 2019 at the same time that Donald paid off at least £7.6m of his personal debt to Ellis Short for the purchase of shares. That share purchase was almost certainly secured against the club via charge 000491160029 or 000491160030, which was written off within 2 weeks of them taking out said loan, of which they said odd things, such as 'they realised they didn't need all of it', and it was 'an advance on the parachute payments' - hint: The debt was secured against parachute payments, therefore by saying this, they immediately bring into play the idea that one or more of the debts Donald owed to Short were paid via this loan that they 'didn't need'.

2: The repayment of FPP's £9.5m loan to Madrox in 2021, and the method of doing so (ie: to confirm that club money was not used). This is the one that is hardest to work out, but I can guarantee you something right now: There is virtually no chance that they paid that in without trying to find a way for the club to pay it back.

3: The methods used to pay back - not 'replace', not 'fund', but pay back the debt they wrote off to the club - the parachute money that otherwise, they used as working capital for their deal to purchase the club.

There may be innocent explanations for all of these things, but I do not for one second believe that all of the above things will have been done the 'right' way that leaves us in a net neutral position vs where we would have been with the £25m parachute payment in the bank in 2018.

Get them OUT.
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Good questions marra. Mesel also I’m more than a tad interested in the rumours that Rodwell was part of the FL committee that gave the nod to DS, CM and JS being allowed to takeover SAFC with the PP being involved then being appointed our CEO shortly afterwards.
 
Wearside Wanderer II said:
The Ukraine premier league is suspended now until after the play off game.
Hope it gets played, I don’t want to go through on a bye..
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Bullets, bombs and missiles, people getting killed and fleeing the country. Total invasion likely, and a future under the rule of a cabal of bandits, and you're worried we might get through on a bye? Jesus Christ man, how does your mind work you small minded twat. And this is not being political, it's pointing out some context to.... well I'm lost for words to describe someone like you.
 
Useful_Idiot said:
So basically we could've had £20m to use in the first season in league one if we got bought by a decent owner with their own cash?

And they've now loaned that money back to us? Fuck me
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Yes, in a nutshell. They've taken £25m+ out of the club at one of the most critical points in our history, then agreed to pay it back very slowly (glacial pace), in a way that negates any value of having that money at such an important time.

They then wrote off the remaining £20.5m anyway.
 
Soton Pete said:
Bullets, bombs and missiles, people getting killed and fleeing the country. Total invasion likely, and a future under the rule of a cabal of bandits, and you're worried we might get through on a bye? Jesus Christ man, how does your mind work you small minded twat. And this is not being political, it's pointing out some context to.... well I'm lost for words to describe someone like you.
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This is pure football ya fanny, where we talk about ………. Football.

Get yasell to the politics forum if you want to be a crying snowflake and discuss issues away from football.
I’m lost for words to describe someone like you.
Oh I do, yer a soft cock twat.
 
Clavas said:
So the Chancers:
  • took ownership with the club debt free and "offset" the purchase price using the clubs own money
  • oversee it produce the worst team (year after year) in terms of league position in its 143 year history
  • and now have the club in debt
And people still defend them
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Spot on its getting harder and harder to support the club
 
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