Ghandis Flip-Flop Posted June 15, 2019 Share Posted June 15, 2019 IIRC, he had to put 135M into the club as an interest free loan when he first acquired the club. That was to cover all the liabilities he missed when he supposedly did his due diligence. That money he is getting back as part of the sell price. He floated the club an additional 30M which was taken out of the club more recently. iirc it wasn't so much missed in due diligence but never did it in the first place, anyone who did do due diligence before MA ran for the hills once they saw the books I think people need to remember that the club was a PLC before Ashley bought us and as a consequence had to publish far more detailed accounts. The only debt Ashley had to settle immediately was the remainder of the Mortgage for the expansion, which I believe was around £60M and had 5 or 6 years left to run. He started with the media crap, complaining about the fact we still owed cash on the Owen transfer etc, but as others who’d examined the accounts at the time pointed out we were owed more in outstanding transfer deals, than we owed to other clubs. Complaints by Ashley and his cronies to 5e contrary was the start of trying to lower our expectations IMHO. Interesting take. Not really, I thought it was well understood that the clubs debt has risen as a consequence of the relegations. The mortgage with Barclays was well known at the time, I don’t understand how the narrative has become so twisted after 12 years. I guess the adage of repeat a lie often enough and people will believe it, is true. Link to post Share on other sites More sharing options...
Johneddy Posted June 15, 2019 Share Posted June 15, 2019 IIRC, he had to put 135M into the club as an interest free loan when he first acquired the club. That was to cover all the liabilities he missed when he supposedly did his due diligence. That money he is getting back as part of the sell price. He floated the club an additional 30M which was taken out of the club more recently. iirc it wasn't so much missed in due diligence but never did it in the first place, anyone who did do due diligence before MA ran for the hills once they saw the books I think people need to remember that the club was a PLC before Ashley bought us and as a consequence had to publish far more detailed accounts. The only debt Ashley had to settle immediately was the remainder of the Mortgage for the expansion, which I believe was around £60M and had 5 or 6 years left to run. He started with the media crap, complaining about the fact we still owed cash on the Owen transfer etc, but as others who’d examined the accounts at the time pointed out we were owed more in outstanding transfer deals, than we owed to other clubs. Complaints by Ashley and his cronies to 5e contrary was the start of trying to lower our expectations IMHO. Interesting take. Not really, I thought it was well understood that the clubs debt has risen as a consequence of the relegations. The mortgage with Barclays was well known at the time, I don’t understand how the narrative has become so twisted after 12 years. I guess the adage of repeat a lie often enough and people will believe it, is true. And that final quote describes Ashley to a T Link to post Share on other sites More sharing options...
jack j Posted June 15, 2019 Share Posted June 15, 2019 What is not in question is that everything has been carefully orchestrated for 12 years. He lost his credibility for me when Keegan was proven right in court and Ashley and the cronies were exposed as liars. Having said all of that we will never forget Mike Ashley Chris Mort Derek Llambias Dennis Wise Joe Kinnear Alan Pardew Steve McLaren Lee Charnley for as long as we each shall live and that will make us appreciate all the more that which is yet to come from this takeover. It's truly like waiting for Christmas as a bairn Chris Mort? Dont think he deserves to be lumped in with the rest of them cunts Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted June 15, 2019 Share Posted June 15, 2019 Not sure McClaren does either TBH, he’s just an average manager. As a reminder of bad times though, sure. Link to post Share on other sites More sharing options...
Shays Given Tim Flowers Posted June 15, 2019 Share Posted June 15, 2019 Everyone under Ashley’s stewardship has been complicit in making up the numbers and denigrating the sporting endeavours of the football club. They are all tarred with that brush to varying degree. Link to post Share on other sites More sharing options...
Guest Posted June 15, 2019 Share Posted June 15, 2019 https://twitter.com/bigchrisholt/status/1139922742122307589?s=21 Link to post Share on other sites More sharing options...
veriaqa Posted June 15, 2019 Share Posted June 15, 2019 https://twitter.com/bigchrisholt/status/1139922742122307589?s=21 What importance it has to do with the takeover? Please explain to me, I really don't understand. Link to post Share on other sites More sharing options...
gdm Posted June 15, 2019 Share Posted June 15, 2019 The theory I’m getting from the replies is he’s gone back on the sale of the strawberry place grounds, possibly as part of a takeover deal. However it’s most likely irrelevant Link to post Share on other sites More sharing options...
LV Posted June 15, 2019 Share Posted June 15, 2019 https://twitter.com/bigchrisholt/status/1139922742122307589?s=21 What importance it has to do with the takeover? Please explain to me, I really don't understand. Yeah I don’t get it either Link to post Share on other sites More sharing options...
gdm Posted June 15, 2019 Share Posted June 15, 2019 https://twitter.com/bigchrisholt/status/1139922742122307589?s=21 What importance it has to do with the takeover? Please explain to me, I really don't understand. Yeah I don’t get it either Read the replies. They explain it in there Link to post Share on other sites More sharing options...
ToonArmy1892 Posted June 15, 2019 Share Posted June 15, 2019 Link to post Share on other sites More sharing options...
LV Posted June 15, 2019 Share Posted June 15, 2019 https://twitter.com/bigchrisholt/status/1139922742122307589?s=21 What importance it has to do with the takeover? Please explain to me, I really don't understand. Yeah I don’t get it either Read the replies. They explain it in there I did. Still none the wiser. I must be thick. Link to post Share on other sites More sharing options...
gdm Posted June 15, 2019 Share Posted June 15, 2019 https://twitter.com/bigchrisholt/status/1139922742122307589?s=21 What importance it has to do with the takeover? Please explain to me, I really don't understand. Yeah I don’t get it either Read the replies. They explain it in there I did. Still none the wiser. I must be thick. Well I wrote the reasoning that I could gather from the replies on the previous page. It’s probably nothing but their theory seems to be the strawberry place land sale was pending planning permission and the sale has been cancelled as new owner wants the land as part of the deal to expand. Tbh I think it’s nothing major myself Link to post Share on other sites More sharing options...
Sir Toon Posted June 15, 2019 Share Posted June 15, 2019 https://twitter.com/bigchrisholt/status/1139922742122307589?s=21 What importance it has to do with the takeover? Please explain to me, I really don't understand. Yeah I don’t get it either Read the replies. They explain it in there I did. Still none the wiser. I must be thick. Well I wrote the reasoning that I could gather from the replies on the previous page. It’s probably nothing but their theory seems to be the strawberry place land sale was pending planning permission and the sale has been cancelled as new owner wants the land as part of the deal to expand. Tbh I think it’s nothing major myself Not that I believe there is going to be a takeover now or ever but surely any knowledgeable buyer would be aware of the chances of getting the land behind the gallowgate sorted when its still possible rather than potentially having to splash out hundreds of millions on alternative ideas of stadium upgrade Link to post Share on other sites More sharing options...
ToonArmy1892 Posted June 15, 2019 Share Posted June 15, 2019 Can you ask Midhat, Odin? Link to post Share on other sites More sharing options...
Wilson Posted June 15, 2019 Share Posted June 15, 2019 https://twitter.com/bigchrisholt/status/1139922742122307589?s=21 What importance it has to do with the takeover? Please explain to me, I really don't understand. Yeah I don’t get it either Read the replies. They explain it in there I did. Still none the wiser. I must be thick. Well I wrote the reasoning that I could gather from the replies on the previous page. It’s probably nothing but their theory seems to be the strawberry place land sale was pending planning permission and the sale has been cancelled as new owner wants the land as part of the deal to expand. Tbh I think it’s nothing major myself If that's the case, it's pretty fucking major but yeah, that won't be the reason. Link to post Share on other sites More sharing options...
LV Posted June 15, 2019 Share Posted June 15, 2019 Has the sale of the land definitely been cancelled or is it just that the striking off of the company has been cancelled? Link to post Share on other sites More sharing options...
Colos Short and Curlies Posted June 15, 2019 Share Posted June 15, 2019 I agree, we were never in danger of becoming a Leeds. If that was the case, Ashley wound have snapped us up for a £1 and taken on the debt like he does with all his other vulturesque manoeuvres. Even that whole bullshit about not realising how much was owed is nonsense. It was plain as day and info easily accessible as we were a plc at that time. Everything since then has been a PR war game to deflect the real reason he bought the club. Well, since it turned on him. Think at the start he was genuinely loving the attention. Only so long a cunt can keep a facade going for though until everyone sees the reality. I agree with all of this, but the one point that was not known was that the mortgage became payable almost immediately on a sale. This would however be clear with 5 minutes reading of the loan document so it's no excuse Link to post Share on other sites More sharing options...
Wilson Posted June 15, 2019 Share Posted June 15, 2019 Has the sale of the land definitely been cancelled or is it just that the striking off of the company has been cancelled? Just the company by the looks of it. People just speculating as to why. Link to post Share on other sites More sharing options...
LV Posted June 15, 2019 Share Posted June 15, 2019 Has the sale of the land definitely been cancelled or is it just that the striking off of the company has been cancelled? Just the company by the looks of it. People just speculating as to why. Link to post Share on other sites More sharing options...
gdm Posted June 15, 2019 Share Posted June 15, 2019 Has the sale of the land definitely been cancelled or is it just that the striking off of the company has been cancelled? Just the company. They are speculating on the reason Link to post Share on other sites More sharing options...
mrmojorisin75 Posted June 15, 2019 Share Posted June 15, 2019 Has the sale of the land definitely been cancelled or is it just that the striking off of the company has been cancelled? Just the company. They are speculating on the reason so the suggestion is there was another buyer going to buy the land and they'd starting proceedings to strike off the company in anticipation of the sale as it was just the vehicle for the sale, now that they've cancelled the striking off the guess is that it's because the sale will be delayed as he'll now be selling the land to BZG as part of the takeover am i following that logic correctly? Link to post Share on other sites More sharing options...
gdm Posted June 15, 2019 Share Posted June 15, 2019 Has the sale of the land definitely been cancelled or is it just that the striking off of the company has been cancelled? Just the company. They are speculating on the reason so the suggestion is there was another buyer going to buy the land and they'd starting proceedings to strike off the company in anticipation of the sale as it was just the vehicle for the sale, now that they've cancelled the striking off the guess is that it's because the sale will be delayed as he'll now be selling the land to BZG as part of the takeover am i following that logic correctly? Yes Link to post Share on other sites More sharing options...
Tiresias Posted June 15, 2019 Share Posted June 15, 2019 Or whoever he was selling it to acted in some manner that led ashley to cancel the sale out of spite? Or just random whim? Link to post Share on other sites More sharing options...
JP Posted June 15, 2019 Share Posted June 15, 2019 It may be significant, it may not we’ll not know for certain of course. Buts it’s another nod towards things happening behind the scenes Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now