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 KingstonMariner |
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Quoted from 139914
How many times do we need to cover the same ground before everyone gets ‘the plan’. Let me simplify:-
1. The club could and should have been taken into administration years ago, but the main creditor didn’t fancy 5p in the pound of his ‘investment’.
2. If the loans are benign (dormant), why are they secured against the clubs assets?
3. If the loans are benign, how come £200k was paid back last year when other non-benign debts remained outstanding?
As a question, who authorised repayment of the £200k? Did the Uber powerful trust board member endorse?
Time you all woke up and faced facts. The non-chairman’s plan is simple, run the club on an absolute shoestring, each time fortune strikes he takes a bit back. There will be no investment while he retains control, there will be no ambition while he retains control. The only thing that’s benign is the club.
I vowed never to set foot in BP again while he remains in charge, if you want to get rid then consider doing the same. Feed the cancer (with your hard earned cash) and he won’t leave until he’s had his ‘investment’ repaid in full.
I have no time for egotistical megalomaniacs. The club isn’t dead but it might as well be!
The highlighted bit is a very good point. |
| 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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Quoted from 139914
How many times do we need to cover the same ground before everyone gets ‘the plan’. Let me simplify:-
1. The club could and should have been taken into administration years ago, but the main creditor didn’t fancy 5p in the pound of his ‘investment’.
2. If the loans are benign (dormant), why are they secured against the clubs assets?
3. If the loans are benign, how come £200k was paid back last year when other non-benign debts remained outstanding?
As a question, who authorised repayment of the £200k? Did the Uber powerful trust board member endorse?
Time you all woke up and faced facts. The non-chairman’s plan is simple, run the club on an absolute shoestring, each time fortune strikes he takes a bit back. There will be no investment while he retains control, there will be no ambition while he retains control. The only thing that’s benign is the club.
I vowed never to set foot in BP again while he remains in charge, if you want to get rid then consider doing the same. Feed the cancer (with your hard earned cash) and he won’t leave until he’s had his ‘investment’ repaid in full.
I have no time for egotistical megalomaniacs. The club isn’t dead but it might as well be!
I don't really understand how you on one hand criticise for having loans that have no repayment schedule, therefore don't affect the playing budget, and on the other hand criticise that the budget is too small even though we budget to break even or lose a small amount of money as mentioned earlier in the thread. Increasing the budget would mean increasing the loan debt and then there'd be more complaining. Sure, a higher budget might bring more success on the field which in turn brings in more fans and money, but that is no way guaranteed. Looking back, you can see large losses in unsuccessful seasons which must have meant a high budget. |
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| MuddyWaters |
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I don't really understand how you on one hand criticise for having loans that have no repayment schedule, therefore don't affect the playing budget, and on the other hand criticise that the budget is too small even though we budget to break even or lose a small amount of money as mentioned earlier in the thread. Increasing the budget would mean increasing the loan debt and then there'd be more complaining.
Sure, a higher budget might bring more success on the field which in turn brings in more fans and money, but that is no way guaranteed. Looking back, you can see large losses in unsuccessful seasons which must have meant a high budget.
In seasons where we signed journeymen such as Sweeney, Conlon et al - bit like Hooper & Dixon. |
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| HertsGTFC |
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The thread title is fairly clear so I'm struggling to know why you would look at it if you don't like it?
Though relevant It has to be recognized that this is going over old ground in reality. Maybe Marinez should just cut through the periphery and ask getyourfactstraight? od should he now be know as debtyourfactsstraight  |
| "Crombie you would have got to that if you weren't such a fat ba%$@rd" - George Kerr, inspiration from the dug out 70s style |
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| MuddyWaters |
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Though relevant It has to be recognized that this is going over old ground in reality. Maybe Marinez should just cut through the periphery and ask getyourfactstraight? od should he now be know as debtyourfactsstraight
I thought it was getyourfactsright (GYFR)! This thread should have been titled debtyourfactsright. I agree it's going over old ground but the facts have changed a little since the publication of the last set of accounts. |
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| HertsGTFC |
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I thought it was getyourfactsright (GYFR)! This thread should have been titled debtyourfactsright.
I agree it's going over old ground but the facts have changed a little since the publication of the last set of accounts.
Like you say in reality the shares are only worth the value the seller places on them rather than a quoted figure, JF has an interest to attach a price to these "magic beans". |
| "Crombie you would have got to that if you weren't such a fat ba%$@rd" - George Kerr, inspiration from the dug out 70s style |
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| 139914 |
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Guest User |
I don't really understand how you on one hand criticise for having loans that have no repayment schedule, therefore don't affect the playing budget, and on the other hand criticise that the budget is too small even though we budget to break even or lose a small amount of money as mentioned earlier in the thread. Increasing the budget would mean increasing the loan debt and then there'd be more complaining.
Sure, a higher budget might bring more success on the field which in turn brings in more fans and money, but that is no way guaranteed. Looking back, you can see large losses in unsuccessful seasons which must have meant a high budget.
Or poor management perhaps? |
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| mirrorballman |
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One thing that puzzles me is that when JF puts cash into the club, it's a loan. However, the trust put money in and it goes into a black hole. They don't even get shares in return.
Also, if I won the lottery, I'd buy Town and expect to lose millions in the process. Anyone putting money into Town or any debt ridden lower league club, would know it's not an investment, it's basically just burning your cash. JF expecting to get his money back is a joke. Using it to hold us to ransom is really poor form, particularly when his mis-management cost us millions by being out of the league.
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| Ipswin |
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Though relevant It has to be recognized that this is going over old ground in reality. Maybe Marinez should just cut through the periphery and ask getyourfactstraight? od should he now be know as debtyourfactsstraight
No point in sending him a PM you will just get abuse if he can't / won't answer your questions |
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| Marinerz93 |
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Though relevant It has to be recognized that this is going over old ground in reality. Maybe Marinez should just cut through the periphery and ask getyourfactstraight? od should he now be know as debtyourfactsstraight
I've had a few chats via pm messaging which I have kept off here and all he says basically it's my opinion and to stop going over old ground, the old ground stuff that hasn't been cleared up by the way just forgotten or buried. He won't answer anything that will portray him in a bad light or put the spotlight on how he has managed things. |
| Supporting the Mighty Mariners for over 30 years, home town club is were the heart and soul is and it's great to be a part of it.
Jesus’ disciple Peter, picked up a fish to get the tribute money from it, Jesus left his thumb print on the fish, bless'ed is the Haddock. |
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