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Timetable to remove chancers and KLD taking real control.

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Hep said:
I agree that is the purpose of the parachute money. However, Short took it in exchange for writing the debt off. If he hadn't - the club was likely to go into administration.

What they sell for is a completely different issue.

I agree, what was said and how the PR was handled was dreadful.

However, the £25m was never there to spend, it was always going to Short.

So the question then becomes, should SD/CM have invested more in the club. That's a different question.

My issue is the nonsense going around that somehow SD has pocketed the £25m - he didn't.
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He's most certainly trying to, by using the fantasy purchase price as justification for his own asking price.
 

Hep said:
So at least try to explain how paying off £125M was a really bad deal for SAFC.

Or are you so blinded by hate that you cannot.
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I never said it was, I said to you using £25m from the parachute payments to buy the club, is, was a catastrophe deal for the club, other people were in to buy the club there was never ever going to be any debt to pay back to ES, within the purchase price, so this pay off the debt line is nonsense.
Yes ES stitched us up also again at the end by being greedy, but the Chancers used club’s own money to make sure they got Safc, as nobody else was ever going to pay £40m as it should have been, but ended up being £37m because ES was scared Chancers wouldn’t end paying him, so took less to be paid earlier, as he realised I have sold to a bunch of chancers is the truth.
 
Hep said:
I agree that is the purpose of the parachute money. However, Short took it in exchange for writing the debt off. If he hadn't - the club was likely to go into administration.

What they sell for is a completely different issue.

I agree, what was said and how the PR was handled was dreadful.

However, the £25m was never there to spend, it was always going to Short.

So the question then becomes, should SD/CM have invested more in the club. That's a different question.

My issue is the nonsense going around that somehow SD has pocketed the £25m - he didn't.
Click to expand...

It would have been if SD had actually paid the amount he told us he had.
 
Red and white TID said:
I never said it was, I said to you using £25m from the parachute payments to buy the club, is, was a catastrophe deal for the club, other people were in to buy the club there was never ever going to be any debt to pay back to ES, within the purchase price, so this pay off the debt line is nonsense.
Yes ES stitched us up also again at the end by being greedy, but the Chancers used club’s own money to make sure they got Safc, as nobody else was ever going to pay £40m as it should have been, but ended up being £37m because ES was scared Chancers wouldn’t end paying him, so took less to be paid earlier, as he realised I have sold to a bunch of chancers is the truth.
Click to expand...
ES stitched us up??? he wrote off £100m of debt!

Paying off the debt isn't nonsense, it was written off, and it was very real.

None of the other people interested in the club was willing to pay more, so that's not a good indication that they had more money.
 
Zak's Dad said:
It would have been if SD had actually paid the amount he told us he had.
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If they told everyone in the beginning that they’d agree to pay Short £12-15m and also give him the £25m parachute payment in return for writing off all the club debts, then most people would have been happy with that.

They preferred to claim they paid around £40m so that they could flip it for £50-60m after 12 months, expecting to bounce straight back. You could see how angry they were when Charlton beat us in the play off final.
 
Hep said:
ES stitched us up??? he wrote off £100m of debt!

Paying off the debt isn't nonsense, it was written off, and it was very real.

None of the other people interested in the club was willing to pay more, so that's not a good indication that they had more money.
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Listen to what I am saying, he knew he was taking the parachute money so yes he was stitching club up.
NOBODY BUYING THE CLUB WAS PAYING OFF THE DEBT EVER.
HE WAS ALWAYS WRITING THE DEBT OFF,
ALL OF IT.
 
Red and white TID said:
Listen to what I am saying, he knew he was taking the parachute money so yes he was stitching club up.
NOBODY BUYING THE CLUB WAS PAYING OFF THE DEBT EVER.
HE WAS ALWAYS WRITING THE DEBT OFF,
ALL OF IT.
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He only wrote the debt off on the condition he got the PP money. That's what happened.
 
Hep said:
He only wrote the debt off on the condition he got the PP money. That's what happened.
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You are deluded or are Charlie who is deluded anyway, so definitely deluded 👍
Answer me this do you think anybody would have paid Es his £125m debt back to buy a lg 1 club and then some, howay man.
Only reason they got Safc is because they concocted a plan to use the parachute payments which were Safc’s to buy club simple as.
 
Red and white TID said:
You are deluded or are Charlie who is deluded anyway, so definitely deluded 👍
Answer me this do you think anybody would have paid Es his £125m debt back to buy a lg 1 club and then some, howay man.
Only reason they got Safc is because they concocted a plan to use the parachute payments which were Safc’s to buy club simple as.
Click to expand...
Short sold the club for £12m, and wrote the debt off in exchange for the pp money.

The way that was done was by adding the pp money to the price.

The alternative was administration.

The pp money didn’t belong to Safc as Safc was £125m in debt, every asset could have been taken by the creditors, Safc was probably insolvent.
 
Hep said:
Short sold the club for £12m, and wrote the debt off in exchange for the pp money.

The way that was done was by adding the pp money to the price.

The alternative was administration.

The pp money didn’t belong to Safc as Safc was £125m in debt, every asset could have been taken by the creditors, Safc was probably insolvent.
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Delusional as I said previously, so what you are saying is that ES forced Chancers to use Safc’s own money to buy the football club.
Is that correct.
He didn’t want there money just the clubs ffs man, listen to yourself
 
Red and white TID said:
You are deluded or are Charlie who is deluded anyway, so definitely deluded 👍
Answer me this do you think anybody would have paid Es his £125m debt back to buy a lg 1 club and then some, howay man.
Only reason they got Safc is because they concocted a plan to use the parachute payments which were Safc’s to buy club simple as.
Click to expand...

I'm quickly arriving at the point of thinking 'so what' tbh.

Everyone, I believe, knows Donald & Methven are dodgy but however they bought the club wasn't illegal.

KLD has gained control, doing a good job and wants to gain more control.

Could you spell out briefly and clearly what it is you want to happen.

This is all just going around in circles as far as I can see.
 
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They were meant to have a minority share and have Spanish backers who had the majority.
Donald got greedy and wanted a bigger share and the Spanish pulled out.
They he had to go to the efl office with short to get the deal over the line.
I’ve got no doubt the initial plan was to never take the clubs parachute money, they had to do this so the takeover could go through.
It should have never been allowed!
 
Red and white TID said:
Delusional as I said previously, so what you are saying is that ES forced Chancers to use Safc’s own money to buy the football club.
Is that correct.
He didn’t want there money just the clubs ffs man, listen to yourself
Click to expand...
No, you're still not understanding. The club was only worth £12m, they inflated the price as a mechanism to get Short the £25mm PP money.

SD/CM paid £12m.
Oily Oily Oily said:
They were meant to have a minority share and have Spanish backers who had the majority.
Donald got greedy and wanted a bigger share and the Spanish pulled out.
They he had to go to the efl office with short to get the deal over the line.
I’ve got no doubt the initial plan was to never take the clubs parachute money, they had to do this so the takeover could go through.
It should have never been allowed!
Click to expand...
If that money didn't go to Short, he would have left £25m remaining as debt. So the alternate position was...

SD/CM pay £12m for the club.
Short writes off all the Debt bar £25m
SAFC get paid the PP money
PP money pays off the debt.

It ends up in the same place.
Bear Heed said:
I'm quickly arriving at the point of thinking 'so what' tbh.

Everyone, I believe, knows Donald & Methven are dodgy but however they bought the club wasn't illegal.

KLD has gained control, doing a good job and wants to gain more control.

Could you spell out briefly and clearly what it is you want to happen.

This is all just going around in circles as far as I can see.
Click to expand...
It baffles me.
 
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Hep said:
I agree that is the purpose of the parachute money. However, Short took it in exchange for writing the debt off. If he hadn't - the club was likely to go into administration.

What they sell for is a completely different issue.

I agree, what was said and how the PR was handled was dreadful.

However, the £25m was never there to spend, it was always going to Short.

So the question then becomes, should SD/CM have invested more in the club. That's a different question.

My issue is the nonsense going around that somehow SD has pocketed the £25m - he didn't.
Click to expand...
He said in meeting with fans group not long ago he wanted £37.5 million for the club. Whats that about then? Done nowt but wreck the club
 
Oily Oily Oily said:
They were meant to have a minority share and have Spanish backers who had the majority.
Donald got greedy and wanted a bigger share and the Spanish pulled out.
They he had to go to the efl office with short to get the deal over the line.
I’ve got no doubt the initial plan was to never take the clubs parachute money, they had to do this so the takeover could go through.
It should have never been allowed!
Click to expand...

Yes mate, they lied.

Safc88 said:
He said in meeting with fans group not long ago he wanted £37.5 million for the club. Whats that about then? Done nowt but wreck the club
Click to expand...

As above.
 
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