[fishini]

Xerxes, on 24 October 2014 - 11:23 AM, said:

I'm not surprised you seem to be relentlessly negative about everything. Please, if you're on a colossal downer stay off here, it might be contagious

I have been vaccinated against downers and am all better now

[azul]

a kick in the balls, on 24 October 2014 - 04:00 PM, said:

this is the thing. It was said when we moved DA had 2 loans with CFC. One over 5 years and one over 10 years. With a structured payment plan. So by that the first one should be due this year ending. So the simple question - is it due, and needs to be paid off, or it due and will have been paid off?

It is pretty clear to me it is the former. If we were on course to pay off the debt we would have a big pot of reserves somewhere in the accounts

I suppose like me you would expect the debt to slowly reduce if it were structured but perhaps the only structure is that we meet the interest payments

I find those accounts a bit confusing because I can't get things to add up

[hewittfan]

Town_Fan, on 24 October 2014 - 03:57 PM, said:

Does anyone actually know how much the council have actually received thus far or are the trough snorting council members still playing dumb?

It was said last night that the original loan in March 2010 was for £947K, and that at 30 June 2014 it stood at £912K. In the year to 30 June 2014 we repaid capital of £25K plus interest (at 4% above base rate, ie 4.5%) of £43K, I don't know how much was paid in previous years.

[Mac's Back]

hewittfan, on 24 October 2014 - 04:33 PM, said:

It was said last night that the original loan in March 2010 was for £947K, and that at 30 June 2014 it stood at £912K. In the year to 30 June 2014 we repaid capital of £25K plus interest (at 4% above base rate, ie 4.5%) of £43K, I don't know how much was paid in previous years.

That particular monkey off will be off our back by 2119 then....

[The Earl of Chesterfield]

dim view, on 24 October 2014 - 07:28 AM, said:

DA wants to offer the Council a deal to write off it's loan if the Director's do similar. How that benefits the council is uncertain.

That's the only way forward, and I'd 'sell' the deal as CBC supporting local businessman who've invested heavily and significantly raised the town's profile.

I'd have no problem with it, either, but I can't envisage the ruling group - and it'd be the same for a party of any political persuasion - agreeing to do so until after next year's elections.

Maybe if Labour strengthen their majority it might embolden them to accept Allen's proposals?

This post has been edited by MDCCCLXVI: 24 October 2014 - 04:40 PM

[azul]

Mac, on 24 October 2014 - 04:38 PM, said:

That particular monkey off will be off our back by 2119 then....

I love positive spin, I am feeling happier now

[Mr Mercury]

MDCCCLXVI, on 24 October 2014 - 04:39 PM, said:

That's the only way forward, and I'd 'sell' the deal as CBC supporting local businessman who've invested heavily and significantly raised the town's profile.

I'd have no problem with it, either, but I can't envisage the ruling group - and it'd be the same for a party of any political persuasion - agreeing to do so until after next year's elections.

Maybe if Labour strengthen their majority it might embolden them to accept Allen's proposals?

With the way politics is going at the moment Chris I can't see any of the top two parties strengthening their hold anywhere in the country next year!

[Guest_freelander2_*]

dalekpete, on 24 October 2014 - 10:08 AM, said:

The CCJs are not on the Club but were said to be on the Village- there is a close relationship but it is independent.

There's one outstanding CCJ, dated 10/10/14 - £2,334.00

Turner's a named Director of CFC Football Development School Ltd.

This post has been edited by freelander2: 24 October 2014 - 06:30 PM

[dim view]

freelander2, on 24 October 2014 - 06:30 PM, said:

There's one outstanding CCJ, dated 10/10/14 - £2,334.00

Turner's a named Director of CFC Football Development School Ltd.

Welcome back. I've missed you.

[Wooden Spoon]

azul, on 24 October 2014 - 04:17 PM, said:

It is pretty clear to me it is the former. If we were on course to pay off the debt we would have a big pot of reserves somewhere in the accounts

I suppose like me you would expect the debt to slowly reduce if it were structured but perhaps the only structure is that we meet the interest payments

I find those accounts a bit confusing because I can't get things to add up

So the question still needs to be asked?

[azul]

a kick in the balls, on 24 October 2014 - 09:32 PM, said:

So the question still needs to be asked?

Last night was the opportunity

I suppose the bottom line is that most of it is DA's money and how he chooses to shuffle it around is his business

[clarevoyant.]

dim view, on 24 October 2014 - 07:21 PM, said:

Welcome back. I've missed you.

Hear hear

I'm surprised his opinion of CT hasn't mellowed with the passing of time though!!!

[BodieUK]

Andy Spireite, on 24 October 2014 - 09:09 AM, said:

Isn't the fans forum there to address any questions the fans have?

Yes within reason. Questions about filling the corners in are banned though

[Phil V 72]

i work with lots of Local Authorities on finance and there isn't a hope in hells chance of them writing off any loans. They are skint, funding has been cut by up to 35% for some. Some LAs will see a drop in funding by up to 55% by 2020 compared with 2010 levels of funding. The pain has only just started for some