[calvin plummers socks]

Sammy Spireite, on 22 September 2016 - 02:25 PM, said:

"Liam Sutcliffe will take on the role of Chief Executive Officer of the new company."

Good luck, Liam.

OMG

[Mrhappy]

Sammy Spireite, on 22 September 2016 - 02:25 PM, said:

"Liam Sutcliffe will take on the role of Chief Executive Officer of the new company."

Good luck, Liam.

😂😂😂😂😂😂😂😂😂😂😂😂

You're joking right??

[spireitenag]

Zorro, on 22 September 2016 - 11:12 AM, said:

I'm happy that this has taken place and we can now move on with CFC activity without worrying about the PPP. I can also confirm now that because of this transaction, there will be NO meeting with CT, AC & LS.

By all means ask what questions you want at the forthcoming AGM and perhaps the 'odd' questions surrounding the past involvement with the PPP, but I doubt we will get the answers on that subject.

CT has always stated that it would be a benefit for the future. I will accept that and hope he is right.
Maybe we should welcome the news and applaud the people involved rather than throwing mud at them.

From my view, a BIG WELL DONE to all involved. Let's hope things settle down and we find a few gems.

Z

An apology would still go a long way though.

[Zorro]

spireitenag, on 22 September 2016 - 03:10 PM, said:

An apology would still go a long way though.

Totally agree Nige.

Rob

[starsky72]

And apparently Tendayi was a product of the development school, according to Les Ashmore...

[Sammy Spireite]

starsky72, on 22 September 2016 - 03:48 PM, said:

And apparently Tendayi was a product of the development school, according to Les Ashmore...

he was, Notts County's wasn't it??

[starsky72]

Exactly...

[Zorro]

freelander2, on 22 September 2016 - 11:22 AM, said:

A few observations:

1) FBT were appointed as the DC's kit supplier back in the summer.

2) It's typical for kit manufacturers to make an advance payment to a customer. This might be an up front annual payment or staged payments (monthly/quarterly) over the duration of the agreement.

3) The DC had no main sponsor and I can partially understand why FBT might see the idea of sponsoring development centres as a way of building their brand in UK & Europe.

The bit that I am struggling with is that a company like FBT have conducted due-diligence and purchased 50% of the share capital in a business that is currently worthless. I look forward to seeing the appointment of directors and the latest annual return.

I suspect CFC will be issuing their own statement in the next few days. Let's hope it confirms the following:

1) Liam Sutcliffe's position. CEO of Company also Group Development Manager within the operational Board of Romiro Group plc

2) Whose shares FBT have acquired and in which business. 50% of The “Company” is CFC INTERNATIONAL FOOTBALL ACADEMY, Registered Number: 09962276
incorporated in England & Wales on: 21st January 2016

3) Who holds the other 50% of the shares. FBT Europe Limited

4) The current status and viability of CFC Football Development School & CFC International Football Academy. Will be rolled up into FBT International Academy

5) How much CFC will receive in income per year for use of the club's identity. Nothing yet, we are still in debt to Liam for benefits he has provided to a value of over £60,000 in the last year, we are in no hurry to charge them

AC and CT will get their money back in monthly instalments, there is no interest paid. We were not aware of this amazing partnership when we lent the money, but believed that this model would be a success.

AshleyC

Mike, we can all have our own thoughts on the issues that crop up regarding CFC, but apart from item 5). what right do we have to ask those questions? Why should CFC issue a statement regarding this investment when each company are a separate entity. The club have always maintained that there was a connection through association for the benefit of both. The club has said that no monies have been paid from the CFC to the PPP, what else can we do? Can anyone prove that money has been exchanged?

A large investor has come forward and I don't think for 1 minute that they would not have checked the accounts thoroughly. Dim, who gives us the rights to ask for a meeting with the new guy?
I will not defend the club if I know they are in the wrong but this time I have nothing to personally ask.

Ashley has supplied me with the answers to your questions above. I don't understand why others don't ask questions to any of the directors or CT personally. I prefer to receive written answers rather than verbal answers so that there is no misunderstandings or wrong interpretations.

Rob

[Sammy Spireite]

Zorro, on 22 September 2016 - 04:06 PM, said:

Mike, we can all have our own thoughts on the issues that crop up regarding CFC, but apart from item 5). what right do we have to ask those questions? Why should CFC issue a statement regarding this investment when each company are a separate entity. The club have always maintained that there was a connection through association for the benefit of both. The club has said that no monies have been paid from the CFC to the PPP, what else can we do? Can anyone prove that money has been exchanged?

A large investor has come forward and I don't think for 1 minute that they would not have checked the accounts thoroughly. Dim, who gives us the rights to ask for a meeting with the new guy?
I will not defend the club if I know they are in the wrong but this time I have nothing to personally ask.

Ashley has supplied me with the answers to your questions above. I don't understand why others don't ask questions to any of the directors or CT personally. I prefer to receive written answers rather than verbal answers so that there is no misunderstandings or wrong interpretations.

Rob

Rob

I think I'm roughly where you are on this one, as long as the club doesn't suffer any further negativity as a result. One massive point to this end would be will the new company continue to use the CFC logo on its kits etc and play under the Chesterfield name?

[Heart of a Niven]

I think we have every right to ask questions. So long as the club is even remotely associated with any other business venture then I think it is in everyone's interest to know exactly what's going on. As it stands we have a sporting enterprise, now acknowledged as being fully associated with the club (even if not financially), that seems to be a means for certain directors to make a tidy profit for themselves. That cannot be allowed to go unchecked.

[moondog]

Sammy Spireite, on 22 September 2016 - 04:51 PM, said:

Rob

I think I'm roughly where you are on this one, as long as the club doesn't suffer any further negativity as a result. One massive point to this end would be will the new company continue to use the CFC logo on its kits etc and play under the Chesterfield name?

Almost certainly, as the whole point of the Business is to give the scholars the impression that they are part of a professional football club

[moondog]

Zorro, on 22 September 2016 - 04:06 PM, said:

Mike, we can all have our own thoughts on the issues that crop up regarding CFC, but apart from item 5). what right do we have to ask those questions? Why should CFC issue a statement regarding this investment when each company are a separate entity. The club have always maintained that there was a connection through association for the benefit of both. The club has said that no monies have been paid from the CFC to the PPP, what else can we do? Can anyone prove that money has been exchanged?

A large investor has come forward and I don't think for 1 minute that they would not have checked the accounts thoroughly. Dim, who gives us the rights to ask for a meeting with the new guy?
I will not defend the club if I know they are in the wrong but this time I have nothing to personally ask.

Ashley has supplied me with the answers to your questions above. I don't understand why others don't ask questions to any of the directors or CT personally. I prefer to receive written answers rather than verbal answers so that there is no misunderstandings or wrong interpretations.

Rob

I'd like one of the other directors to confirm they support this venture and have done from the outset. The fact it's claimed they do confirms the right of the fans to ask questions as to what the club is up to regarding this venture, to say it's to provide players to the Academy who may go on to play for the first team is ridiculous. Why not just concede its about making money for the directors of the venture.

AC's response saying he and CT were not aware of the pending investment when they made their loans contradicts CT's comments on the club website article where he says “Over the last few months, I have refrained from making comments about the organisation as I felt that was the right thing to do while negotiations took place with the companies involved. “I hope that certain people who tried to undermine the organisation will now recognise why we were so keen to ensure that it continued.”

Now that the negotiations have been concluded there is no reason for CT not to inform us why he set up a new business with LS, if the existing one is being rolled up into it and why he recently resigned from being a director of both.

Also if LS has provided benefits equivalent to £60k to the club, then why the personal loans to him, why did he not simply invoice the club?

[calvin plummers socks]

moondog, on 22 September 2016 - 06:15 PM, said:

I'd like one of the other directors to confirm they support this venture and have done from the outset. The fact it's claimed they do confirms the right of the fans to ask questions as to what the club is up to regarding this venture, to say it's to provide players to the Academy who may go on to play for the first team is ridiculous, it's clearly about making money for the directors of the venture, regardless as to how this is achieved.

AC's response saying he and CT were not aware of the pending investment when they made their loans contradicts CT's comments on the club website article where he says “Over the last few months, I have refrained from making comments about the organisation as I felt that was the right thing to do while negotiations took place with the companies involved. “I hope that certain people who tried to undermine the organisation will now recognise why we were so keen to ensure that it continued.”

Now that the negotiations have been concluded there is no reason for CT not to inform us why he set up a new business with LS, when one if the existing one is being rolled up into it and why he recently resigned from being a director of both.

Ar** / elbow ?

[Benno Spire]

This whole episode just seems to get more suspicious every day. Poorly worded statements leaving big holes.
I have my views and opinions on what's going on but I would have solicitors knocking on my door asking for a charity contribution if I posted.

Off to do my laundry now

LS a CEO, I need a drink!!!

[spireitenag]

moondog, on 22 September 2016 - 06:15 PM, said:

I'd like one of the other directors to confirm they support this venture and have done from the outset. The fact it's claimed they do confirms the right of the fans to ask questions as to what the club is up to regarding this venture, to say it's to provide players to the Academy who may go on to play for the first team is ridiculous. Why not just concede its about making money for the directors of the venture.

AC's response saying he and CT were not aware of the pending investment when they made their loans contradicts CT's comments on the club website article where he says “Over the last few months, I have refrained from making comments about the organisation as I felt that was the right thing to do while negotiations took place with the companies involved. “I hope that certain people who tried to undermine the organisation will now recognise why we were so keen to ensure that it continued.”

Now that the negotiations have been concluded there is no reason for CT not to inform us why he set up a new business with LS, if the existing one is being rolled up into it and why he recently resigned from being a director of both.

Also if LS has provided benefits equivalent to £60k to the club, then why the personal loans to him, why did he not simply invoice the club?

The water just gets murkier.

[Guest_freelander2_*]

Zorro, on 22 September 2016 - 04:06 PM, said:

2) Whose shares FBT have acquired and in which business. 50% of The “Company” is CFC INTERNATIONAL FOOTBALL ACADEMY, Registered Number: 09962276 incorporated in England & Wales on: 21st January 2016. As per the statement of capital dated 21/01/16, CT & LS were/are equal partners. Which shareholders have seen their holding diluted to accommodate the investment or has the share capital been increased?

3) Who holds the other 50% of the shares. FBT Europe Limited. FBT have acquired a 50% shareholding in CFC International Football Academy. Who owns the remaining shares?

5) How much CFC will receive in income per year for use of the club's identity. Nothing yet, we are still in debt to Liam for benefits he has provided to a value of over £60,000 in the last year, we are in no hurry to charge them. By coincidence a figure not too dissimilar to the combined amounts that CT & AC have stuck in.....

AC and CT will get their money back in monthly instalments, there is no interest paid. We were not aware of this amazing partnership when we lent the money, but believed that this model would be a success. See Moondog's earlier post.

AshleyC

Zorro, on 22 September 2016 - 04:06 PM, said:

Mike, we can all have our own thoughts on the issues that crop up regarding CFC, but apart from item 5). what right do we have to ask those questions? Why should CFC issue a statement regarding this investment when each company are a separate entity. The club have always maintained that there was a connection through association for the benefit of both. The club has said that no monies have been paid from the CFC to the PPP, what else can we do? Can anyone prove that money has been exchanged?

A large investor has come forward and I don't think for 1 minute that they would not have checked the accounts thoroughly. Dim, who gives us the rights to ask for a meeting with the new guy?
I will not defend the club if I know they are in the wrong but this time I have nothing to personally ask.

Ashley has supplied me with the answers to your questions above. I don't understand why others don't ask questions to any of the directors or CT personally. I prefer to receive written answers rather than verbal answers so that there is no misunderstandings or wrong interpretations.

Rob

Rob,

Many thanks for taking the time to post that.

To answer your initial question, we have absolutely no right at all. But you know as well as I do why supporters of CFC started to take an interest in the PPP and unless I've missed it, a number of the more contentious subjects have still not been addressed and now, probably never will. Like I've said before, the subject has been one big eye opener and most certainly not in a good way.

Mike

[Guest_freelander2_*]

Source: http://www.chesterfi...nt-3123049.aspx

Date: 23/05/16

“The PPP and International Academy are now starting to develop commercial partnerships which will help the organisations progress. In order to go forward, commercial partnerships need to be introduced for simple economic reasons. One such partnership is with a Far East sportswear manufacturer, which will enhance the whole programme. This will also result in the organisation of pre-season trips for the first-team squad next year and the year after. We aim to expand on other commercial deals which will have similar benefits for Chesterfield FC.

[spireitenag]

itsc, on 22 September 2016 - 07:56 PM, said:

About time this was sorted and about time people on this board move on and think of something else to moan about.

I still cant quite understand all the fuss was made over such a small debt of 77k when you compare it to the overspend on the IT costs that also made the press and was something in the order of 10 times that amount but hardly anything was said.

I have always said that the idea of a Development centre is a good one and that was 10 years ago, the idea of that model moving to be international academy is good and the backing of Sir Rodney will make this happen.

There is as much chance of Sir Rodney meeting people on here as their is in me meeting Sir Alan Sugar (but you never know)

Can we actually get back now to the real reason we support the club and talk about football for a change

You forgot to mention the thoroughly disgusting disregard of employees,former employees,scholars and their parents by the DC/PPP directors.

But hey don't let a little thing like that get in the way of your praise heaping.

[hilly81]

itsc, on 22 September 2016 - 07:56 PM, said:

About time this was sorted and about time people on this board move on and think of something else to moan about.

I still cant quite understand all the fuss was made over such a small debt of 77k when you compare it to the overspend on the IT costs that also made the press and was something in the order of 10 times that amount but hardly anything was said.

I have always said that the idea of a Development centre is a good one and that was 10 years ago, the idea of that model moving to be international academy is good and the backing of Sir Rodney will make this happen.

There is as much chance of Sir Rodney meeting people on here as their is in me meeting Sir Alan Sugar (but you never know)

Can we actually get back now to the real reason we support the club and talk about football for a change

No.