Bob's Board - Chesterfield FC: Council Debt. - Bob's Board - Chesterfield FC

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Council Debt.

#1 User is offline   DIFH 

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Posted 22 July 2016 - 07:22 PM

According to a fb post the conciliation confirm we have paid the debt off 2 months ago.
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#2 User is offline   lindave 

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Posted 22 July 2016 - 07:27 PM

View PostDave In Footie Heaven, on 22 July 2016 - 07:22 PM, said:

According to a fb post the conciliation confirm we have paid the debt off 2 months ago.



I hope your right.
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#3 User is offline   azul 

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Posted 22 July 2016 - 07:27 PM

View PostDave In Footie Heaven, on 22 July 2016 - 07:22 PM, said:

According to a fb post the conciliation confirm we have paid the debt off 2 months ago.

that would be nice, it would stop DA bleating about it, trouble is.................
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#4 User is offline   SpireiteFitzy 

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Posted 22 July 2016 - 07:30 PM

Where on earth did we find the money to pay that off if true?
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#5 User is offline   Mr Mercury 

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Posted 22 July 2016 - 07:36 PM

View PostSpireiteFitzy, on 22 July 2016 - 07:30 PM, said:

Where on earth did we find the money to pay that off if true?

Maybe the PPP over the road, which may be running "at great profit" have loaned us the money?
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#6 User is offline   azul 

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Posted 22 July 2016 - 07:37 PM

View PostSpireiteFitzy, on 22 July 2016 - 07:30 PM, said:

Where on earth did we find the money to pay that off if true?

Cooper, Doyle, Darikwa, Clucas, Morsy and many more bits and bobs, no I don't believe it either, more likely it went into the slush fund
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#7 User is offline   SpireiteFitzy 

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Posted 22 July 2016 - 07:38 PM

View PostMr Mercury, on 22 July 2016 - 07:36 PM, said:

Maybe the PPP over the road, which may be running "at great profit" have loaned us the money?


Or mysterious banking tycoon James Higgins?
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#8 User is offline   Benno Spire 

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Posted 22 July 2016 - 07:39 PM

View PostDave In Footie Heaven, on 22 July 2016 - 07:22 PM, said:

According to a fb post the conciliation confirm we have paid the debt off 2 months ago.

If this was true, surely the club would have made an announcement of some description as this would confirm where some money has gone
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#9 User is offline   Guest_freelander2_* 

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Posted 22 July 2016 - 07:43 PM

View PostBenno Spire, on 22 July 2016 - 07:39 PM, said:

If this was true, surely the club would have made an announcement of some description as this would confirm where some money has gone

A new charge in favour of A & S Leisure was registered on 13/07/16 and filed at Companies House on 20/07/16.

Obviously the council now no longer have the first charge over the ground.
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#10 User is offline   Benno Spire 

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Posted 22 July 2016 - 07:46 PM

View Postfreelander2, on 22 July 2016 - 07:43 PM, said:

A new charge in favour of A & S Leisure was registered on 13/07/16 and filed at Companies House on 20/07/16.

Obviously the council now no longer have the first charge over the ground.

Does this mean we may see a casino on the car park anytime soon
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#11 User is online   60s 70s Spireite 

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Posted 22 July 2016 - 07:46 PM

View Postfreelander2, on 22 July 2016 - 07:43 PM, said:

A new charge in favour of A & S Leisure was registered on 13/07/16 and filed at Companies House on 20/07/16.

Obviously the council now no longer have the first charge over the ground.

Will we now see the much vaunted transfer of the Hospitalty business (and the ground?) to Newco?
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#12 User is offline   The Black Triangle 

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Posted 22 July 2016 - 07:46 PM

View Postfreelander2, on 22 July 2016 - 07:43 PM, said:

A new charge in favour of A & S Leisure was registered on 13/07/16 and filed at Companies House on 20/07/16.

Obviously the council now no longer have the first charge over the ground.

That's an ominous development
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#13 User is offline   DIFH 

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Posted 22 July 2016 - 07:46 PM

View PostBenno Spire, on 22 July 2016 - 07:39 PM, said:

If this was true, surely the club would have made an announcement of some description as this would confirm where some money has gone

Paid before end of financial year.
Might justify DA not reducing his debt/interest payments.
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#14 User is offline   dim view 

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Posted 22 July 2016 - 07:50 PM

View Postfreelander2, on 22 July 2016 - 07:43 PM, said:

A new charge in favour of A & S Leisure was registered on 13/07/16 and filed at Companies House on 20/07/16.

Obviously the council now no longer have the first charge over the ground.

In other words, it's not been paid off. CFC now owes the money to DA rather than the council. I wonder if DA is charging more for it than the council did?

This is dangerous stuff. The first thing DB did when he got in was to borrow money to pay off the council loan. Very shrewd as the council at the time had first charge on the debt. DA has presumably now done the same thing.
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#15 User is offline   Mr Mercury 

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Posted 22 July 2016 - 07:50 PM

View PostBenno Spire, on 22 July 2016 - 07:39 PM, said:

If this was true, surely the club would have made an announcement of some description as this would confirm where some money has gone

That would assume the CEO has any idea of what's going on at the club.
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#16 User is offline   DIFH 

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Posted 22 July 2016 - 08:49 PM

View PostMr Mercury, on 22 July 2016 - 07:50 PM, said:

That would assume the CEO has any idea of what's going on at the club.

DA runs rings round everyone.
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#17 User is offline   BlueRover52 

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Posted 22 July 2016 - 08:57 PM

View Postdim view, on 22 July 2016 - 07:50 PM, said:

In other words, it's not been paid off. CFC now owes the money to DA rather than the council. I wonder if DA is charging more for it than the council did?

This is dangerous stuff. The first thing DB did when he got in was to borrow money to pay off the council loan. Very shrewd as the council at the time had first charge on the debt. DA has presumably now done the same thing.

:unsure: Probably a deal has been done regarding the interest.Would have suited council as we all know they are all feeling the pinch. :blink:
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#18 User is offline   azul 

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Posted 22 July 2016 - 08:59 PM

View Postfreelander2, on 22 July 2016 - 07:43 PM, said:

A new charge in favour of A & S Leisure was registered on 13/07/16 and filed at Companies House on 20/07/16.

Obviously the council now no longer have the first charge over the ground.

Well our man did promise some major restructuring in the summer some months ago.

Are things going down a well trodden path?
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#19 User is offline   valemadness 

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Posted 22 July 2016 - 09:09 PM

View PostThe Gimp, on 22 July 2016 - 07:46 PM, said:

That's an ominous development


Instead of us owing the council and paying them 6% interest, we now owe Dave Allen at around 2%. Makes sense to me
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#20 User is offline   BlueRover52 

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Posted 22 July 2016 - 09:12 PM

View Postvalemadness, on 22 July 2016 - 09:09 PM, said:

Instead of us owing the council and paying them 6% interest, we now owe Dave Allen at around 2%. Makes sense to me

:rolleyes: But for how long will DA keep supporting this failing business. :unsure:
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