Chrisj Posted August 31, 2020 Share Posted August 31, 2020 The only time I’ll get worried is when the deadline has gone and we haven’t paid they negotiated a deadline it hasn’t passed yet so nothing to worry about it’s a story by the athletic to stir things up nothing more there is nothing in that story that we didn’t know about anyway Quote Link to comment Share on other sites More sharing options...
ex_midlandwhite Posted August 31, 2020 Share Posted August 31, 2020 I didn't read it as negative. Pretty balanced really. It included bits about how the EFL have been impressed with Brittan and James and how they're going quietly about their business. I found the bits about the hotel interesting didn't realise it was still in admin. Overall quite an informative piece. Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted August 31, 2020 Share Posted August 31, 2020 Interesting that Aunty Shazza and nick luckock borrowed 40 million against the club. Quote Link to comment Share on other sites More sharing options...
Lt. Aldo Raine Posted August 31, 2020 Share Posted August 31, 2020 11 minutes ago, Mounts Kipper said: Interesting that Aunty Shazza and nick luckock borrowed 40 million against the club. I think it's a loan to, rather than borrowing against, isn't it? Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted August 31, 2020 Share Posted August 31, 2020 (edited) Just now, Lt. Aldo Raine said: I think it's a loan to, rather than borrowing against, isn't it? Not sure. 4% interest apparently, payable by 2022. Edited August 31, 2020 by Mounts Kipper Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted August 31, 2020 Moderators Share Posted August 31, 2020 While they are sitting on land that can be developed, im not losing any sleep Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted August 31, 2020 Share Posted August 31, 2020 (edited) 1 minute ago, Casino said: While they are sitting on land that can be developed, im not losing any sleep Me neither, be interesting to know what the money is for. Suppose we will find out in due course. Edited August 31, 2020 by Mounts Kipper Quote Link to comment Share on other sites More sharing options...
radcliffe white Posted August 31, 2020 Share Posted August 31, 2020 Probably need some of that money to cover costs With the corona situation Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted August 31, 2020 Site Supporter Share Posted August 31, 2020 4 minutes ago, Mounts Kipper said: Me neither, be interesting to know what the money is for. Suppose we will find out in due course. Didn't one of the anti FV brigade point out something about them using a loan secured against the infrastructure to buy the club? Nothing wrong in that as far as I can see. We knew they didn't have the deepest pockets and so long as there is a sound business plan then no worries. Quote Link to comment Share on other sites More sharing options...
birch-chorley Posted August 31, 2020 Share Posted August 31, 2020 I’m no accountant but I’d imagine if you put £40m into a company at the start it would go in as a directors loan, that way when you take the money out it’s tax efficient as you are only getting the money back that you loaned the company up front. No Capital Gains tax (apart from any interest earned) Just an assumption mind Quote Link to comment Share on other sites More sharing options...
Escobarp Posted September 1, 2020 Share Posted September 1, 2020 My recollection was the money to buy the club was injected by some of the shareholders by way of loan notes repayable in 2022 with a 4% interest rate. Nothing to be worried about pretty standard stuff Quote Link to comment Share on other sites More sharing options...
TrickyTrotter Posted October 5, 2020 Author Share Posted October 5, 2020 Charge on FV by Fildraw settled in full. https://find-and-update.company-information.service.gov.uk/company/11761052/charges Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted October 5, 2020 Share Posted October 5, 2020 (edited) 19 minutes ago, TrickyTrotter said: Charge on FV by Fildraw settled in full. https://find-and-update.company-information.service.gov.uk/company/11761052/charges Just seen that as I’m following them at companies house, great news, anyone know how much it was? And what was the payment for? Assuming it’s the final payment to own everything lock stock and barrel. Edited October 5, 2020 by Mounts Kipper Quote Link to comment Share on other sites More sharing options...
masi 51 Posted October 5, 2020 Share Posted October 5, 2020 Anyone care to explain in layman terms? Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted October 5, 2020 Site Supporter Share Posted October 5, 2020 15 minutes ago, Mounts Kipper said: Just seen that as I’m following them at companies house, great news, anyone know how much it was? And what was the payment for? Assuming it’s the final payment to own everything lock stock and barrel. It says under each charge "brief description". For this one it refers to land registry codes. So I reckon you're right; maybe the bit Eddie left in? Quote Link to comment Share on other sites More sharing options...
Lt. Aldo Raine Posted October 5, 2020 Share Posted October 5, 2020 1 hour ago, TrickyTrotter said: Charge on FV by Fildraw settled in full. https://find-and-update.company-information.service.gov.uk/company/11761052/charges Brilliant news. Quote Link to comment Share on other sites More sharing options...
Whitesince63 Posted October 5, 2020 Share Posted October 5, 2020 So much for the FV have no pot to piss in brigade then? 😉 Quote Link to comment Share on other sites More sharing options...
Members Rudy Posted October 5, 2020 Members Share Posted October 5, 2020 Shazza flashed a bit of leg, fact Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted October 5, 2020 Share Posted October 5, 2020 4 minutes ago, Whitesince63 said: So much for the FV have no pot to piss in brigade then? 😉 Didn’t Shazza and one other borrow 20 million recently. Quote Link to comment Share on other sites More sharing options...
Site Supporter victor meldrew Posted October 5, 2020 Site Supporter Share Posted October 5, 2020 5 minutes ago, Mounts Kipper said: Didn’t Shazza and one other borrow 20 million recently. thought it was more like £40m and put a charge on the club. i might be wrong though Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted October 5, 2020 Share Posted October 5, 2020 4 minutes ago, victor meldrew said: thought it was more like £40m and put a charge on the club. i might be wrong though Meant 20 million each. Would think some of that money paid off this Fildraw charge. Quote Link to comment Share on other sites More sharing options...
Escobarp Posted October 5, 2020 Share Posted October 5, 2020 Not sure anyone borrowed 40m or 20m recently. Could be wrong though Quote Link to comment Share on other sites More sharing options...
frank_spencer Posted October 5, 2020 Share Posted October 5, 2020 AFAIK they set up access to that amount of credit if needs be but had no intentions of dipping in to it. Quote Link to comment Share on other sites More sharing options...
radcliffe white Posted October 5, 2020 Share Posted October 5, 2020 Thought it was x2 20m loans when it first went through Quote Link to comment Share on other sites More sharing options...
Site Supporter desperado Posted October 5, 2020 Site Supporter Share Posted October 5, 2020 26 minutes ago, Rudy said: Shazza flashed a bit of leg, fact She must have made a lot of money from the TV she sold last week 😊 Quote Link to comment Share on other sites More sharing options...
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