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JSF - This needs it's own thread

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forza ivano
December 14, 2020, 10:46pm

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http://www.codalmighty.com/site/ca.php?article=7749

Thanks to the poster who highlighted this on another thread, but it's passed people by, and i think it's worth it's own thread.
Hadn't known about this and it's potentially very serious for JSF & GTFC
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ginnywings
December 14, 2020, 10:56pm

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It's been brewing for a long time. CA have been following it for a while.
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KingstonMariner
December 14, 2020, 11:06pm
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You’ve got to wonder about him:

‘As the liquidator reported in 2018: "The director [Fenty] via his advisor has responded to queries in relation to this debtor only to state that he cannot recall what the debt was, only that it was not realisable. The explanation is not satisfactory and I continue to investigate." ‘

John I: Here John, lend us £600,000
John II: ok here you go mate
A few years later
John II: hey John how’s about giving me that £600 grand you owe me.
John II: can’t afford it mate. You’ll have to write it off.
John I: can’t afford what?


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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WayneBurnettsJockstrap
December 14, 2020, 11:24pm

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So it's saying that he has written off 600k by loaning it to his alter ego, Fenty Man, who then can't pay it back and because he hasn't had it returned from his other back pocket, that he hasn't paid tax on it? Does he owe more tax than his assets would cover?

Sorry I'm not good with all the jargon.
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KingstonMariner
December 14, 2020, 11:36pm
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Quoted from WayneBurnettsJockstrap
So it's saying that he has written off 600k by loaning it to his alter ego, Fenty Man, who then can't pay it back and because he hasn't had it returned from his other back pocket, that he hasn't paid tax on it? Does he owe more tax than his assets would cover?

Sorry I'm not good with all the jargon.


Something like that. I think.


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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toontown
December 14, 2020, 11:55pm
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Am i mistaken or Didn't Day also state the other day that fenty is not being repaid his loan back? But isn't there evidence in the club accounts that director loans were repaid to the tune of hundreds of thousands over the last few years? Amongst all the other shitstorm that has kind of been forgotten - can the trust clarify what the situation is there? Was that an outright lie from Day or what?

Jeeezus this whole thing just stinks to high heaven.

Always been a bit on the fence about fenty but enough really is enough - fenty out.
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ginnywings
December 15, 2020, 12:14am

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[quote=132]Am i mistaken or Didn't Day also state the other day that fenty is not being repaid his loan back? But isn't there evidence in the club accounts that director loans were repaid to the tune of hundreds of thousands over the last few years? Amongst all the other shitstorm that has kind of been forgotten - can the trust clarify what the situation is there? Was that an outright lie from Day or what?

Jeeezus this whole thing just stinks to high heaven.

Always been a bit on the fence about fenty but enough really is enough - fenty out.[/quote]

Hearing this more and more; not just on here either.
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WayneBurnettsJockstrap
December 15, 2020, 12:19am

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Quoted from toontown
But isn't there evidence in the club accounts that director loans were repaid to the tune of hundreds of thousands over the last few years?


Might that have been the debacle with Lee Mullen?
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Iknowyoursecret
December 15, 2020, 12:32am
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It states it was directors loan repayments,Mullen isn’t a director of the club so it can’t be him.Chapman has a loan in but majority our John’s
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toontown
December 15, 2020, 1:02am
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Surely this can be cleared up quite easily by the trust? Who were these loan repayments to then if not to fenty?
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