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Stockwood interview: debt to be cleared early

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FPVmariner
August 2, 2022, 5:14pm
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Am I missing something here, I thought Jason said the debt would be paid 18 months early, not that it had been paid.  Anyone care to clarify please?
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MuddyWaters
August 2, 2022, 5:19pm
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Quoted from FPVmariner
Am I missing something here, I thought Jason said the debt would be paid 18 months early, not that it had been paid.  Anyone care to clarify please?


Is it so important? Do we know exactly what the payment schedule is/was? Thanks to some player sales, some promotion cash, Jason winning Euromillions, whatever, we have finally got rid of the narcissist. No, not that one. 😎😎😉
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MarinerDevil
August 2, 2022, 5:28pm
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Quoted from FPVmariner
Am I missing something here, I thought Jason said the debt would be paid 18 months early, not that it had been paid.  Anyone care to clarify please?

Good question. The debt was to be paid in three instalments in December of each year. December 2023 would have been the last payment. Dec 2023 - 18 months = June 2022.

So in theory it's all gone.
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ginnywings
August 2, 2022, 5:36pm

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Quoted from FPVmariner
Am I missing something here, I thought Jason said the debt would be paid 18 months early, not that it had been paid.  Anyone care to clarify please?


It was a three year schedule initially, with the final payment due in December 2023.

They took over in May 2021, so that would be 31 months from then until the final payment, so given they have been here 14 months, I guess they have already paid up if it's 18 months early.

Edit: MarinerDevil beat me to it.
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DB
August 2, 2022, 6:05pm
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Jason said they might have got more but the loan back clinched the deal. It's nice to know that money is no longer the be-all at Town and the future of the team and club are. Building firm foundations I seem to recall Jason said some time ago.

We seem to have struck gold with Jason and Andrew as owners. They make some blunders along the way but their hearts are in the right place.


You can please some of the forumites some of the time but not all the forumites all of the time
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coddy60
August 2, 2022, 6:11pm

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Blunders along the way 🤷🏻‍♂️🤦🏻‍♂️
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BenBB
August 2, 2022, 6:12pm

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Quoted from DB
Jason said they might have got more but the loan back clinched the deal. It's nice to know that money is no longer the be-all at Town and the future of the team and club are. Building firm foundations I seem to recall Jason said some time ago.

We seem to have struck gold with Jason and Andrew as owners. They make some blunders along the way but their hearts are in the right place.


Other than perhaps #BadgeFlagGate, like what? Obviously they're not perfect but they've been pretty good so far.


https://www.alltownarentwe.co.uk/
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MuddyWaters
August 2, 2022, 6:22pm
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Quoted from DB
Jason said they might have got more but the loan back clinched the deal. It's nice to know that money is no longer the be-all at Town and the future of the team and club are. Building firm foundations I seem to recall Jason said some time ago.

We seem to have struck gold with Jason and Andrew as owners. They make some blunders along the way but their hearts are in the right place.


Blunders? Maybe the badge.

I thought the thread title might be a clue. They’ve wiped out the final part of Fenty’s legacy. Save for getting the 200,000 trust/Parker money back, which I’d think is long gone.
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Poojah
August 2, 2022, 6:29pm
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Quoted from DB
Jason said they might have got more but the loan back clinched the deal. It's nice to know that money is no longer the be-all at Town and the future of the team and club are. Building firm foundations I seem to recall Jason said some time ago.

We seem to have struck gold with Jason and Andrew as owners. They make some blunders along the way but their hearts are in the right place.


It’s a lot easier to take such a stance, and negotiate more effectively in general, when you’ve managed yourself into a position whereby cash flow is healthy and you are not desperate for money.

All of the marginal gains we were beginning to talk about a year ago are starting to come to fruition in a collectively very powerful way.


A smooth sea never made a skillful mariner.
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gtfc98
August 2, 2022, 6:51pm
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Yep! His tacky mansion on Humberstone Avenue hasn't had many (any) offers!

Quoted from aldi_01
May be Fenty needed the money to pay HMRC the cash he owes them?




No longer Sick of the BlueSquare  
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