[Sammy Spireite]

Seems SRW is involved in many different sports and is Trustee in several high profile organisations including Wembley Stadium and London Marathon.

https://en.wikipedia...s_administrator)

Lets hope that the rebranding and change in leadership stops all association with the football club now, presumably more suitable premises will be found, long term too.

Also, can we expect a Goals 5-a-side football centre to appear in the area in the coming months/years?

[moondog]

JonB, on 22 September 2016 - 08:55 AM, said:

Sheffield Telegraph bit by Biggs :-

A bit remiss of Biggs not to say CT resigned from both academy business and that there are in fact two, if he had knows that. The £77k debt relates to the original U.K. Business not the international one, as confusing as ever.

[Zorro]

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

[Guest_freelander2_*]

moondog, on 22 September 2016 - 10:27 AM, said:

A bit remiss of Biggs not to say CT resigned from both academy business and that there are in fact two, if he had knows that. The £77k debt relates to the original U.K. Business not the international one, as confusing as ever.

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.

2) Whose shares FBT have acquired and in which business.

3) Who holds the other 50% of the shares.

4) The current status and viability of CFC Football Development School & CFC International Football Academy.

5) How much CFC will receive in income per year for use of the club's identity.

[Westbars Spireite]

A big well done? Seriously?

[calvin plummers socks]

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

Oh blimey - that's unbelievable!

Liam Surcliffe on his way out is imagine though when Sir Rod gets involved ?

[DIFH]

Westbars Spireite, on 22 September 2016 - 11:28 AM, said:

A big well done? Seriously?

Spot on seeing is believing

[Zorro]

Westbars Spireite, on 22 September 2016 - 11:28 AM, said:

A big well done? Seriously?

Why not WB?
I have known many a new venture struggle in it's first few years. I've known many a company that have fallen by the wayside through loss of profit and investment. For the PPP to attract an investor of this size surely even you can see that there 'might' be potential?

My concern was if the PPP could have dragged CFC down through association. At last we will see that they are 2 separate companies being run by different directors. I would guess that there will be a bigger handle on the control of the finances. Why shouldn't I applaud them?

I have no money and no shares in the PPP, therefore I have no interest in how anyone now wants to run that business. However, I was disappointed with how some of the ex-staff and parents of certain playing kids were treated.

I own 2 companies but a lot of my day to day running involves IT, data security, accounting etc., etc., Company A takes care of the IT and wage payroll for both companies, if I choose to allow company B to receive free IT support and a little amount of free administration, then that is my business and no-one else's. That is not illegal.

Z

Dave In Footie Heaven, on 22 September 2016 - 12:05 PM, said:

Spot on seeing is believing

See above

[dim view]

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.

2) Whose shares FBT have acquired and in which business.

3) Who holds the other 50% of the shares.

4) The current status and viability of CFC Football Development School & CFC International Football Academy.

5) How much CFC will receive in income per year for use of the club's identity.

I don't believe for a moment that CT and AC will be getting, or even asking, for their money back. They have invested knowing that this was in the pipeline.

[Heart of a Niven]

Well, Zorro. That's alright then. Nothing to see here. Nothing to worry about. I just can't decide if you're very gullible or enjoying the ride in Carson's pocket.

[dim view]

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.

Quite right too. The meeting needs to be with Sir Rodney Walker. CT/AC/LS will presumably will have no interest in stopping people meeting him. You might like to ask them.

[Phil V 72]

Interesting (and possibly amusing) post from 'Les Ashmore' on Facebook ......

What Fantastic News For CFC Football Development and total Confirmation of it's Creation being great for Chesterfield.
And for Sir Rodney Walker to be now involved, Incredible achievement.

[Mrhappy]

There remains one problem at least.......The master of ego and failure still appears to be involved. I'll let you decide who that is.

This post has been edited by Mrhappy: 22 September 2016 - 01:03 PM

[tomjoad]

And someone linked with a move here in the past?

[azul]

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.

2) Whose shares FBT have acquired and in which business.

3) Who holds the other 50% of the shares.

4) The current status and viability of CFC Football Development School & CFC International Football Academy.

5) How much CFC will receive in income per year for use of the club's identity.

Well Turner has just made a statement on the CFC so you might be a bit dissappointed.

[SpireiteFitzy]

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

I'll admit I know very little about what's gone on but for me it seems they are getting off a little easy if we just forget about all that has gone on just because they found themselves a sponsor. All the not refundment issues and what not besmirching and possibly damaging the clubs name. Surely that behaviour still needs to be accounted for.

I might be well out the ball park but that's how it seems to me.

[dim view]

azul, on 22 September 2016 - 01:44 PM, said:

Well Turner has just made a statement on the CFC so you might be a bit dissappointed.

'The Chesterfield FC annual accounts in November will show that no monies have been transferred to the International Academy, as has been claimed'

Nobody has ever made that claim, unless it's the CFC Board.

There has been a lot of undermining though. Now, let's have a vote on who is the worst culprit.

[Guest_freelander2_*]

azul, on 22 September 2016 - 01:44 PM, said:

Well Turner has just made a statement on the CFC so you might be a bit dissappointed.

Biggs' article refers to CFC Football Development School Ltd, the oldest company and the one carrying the debt & the club's press release only refers to a share acquisition In CFC International Football Academy Ltd, the company that was incorporated in January 2016!

[Sammy Spireite]

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

Good luck, Liam.

[azul]

freelander2, on 22 September 2016 - 02:07 PM, said:

Biggs' article refers to CFC Football Development School Ltd, the oldest company and the one carrying the debt & the club's press release only refers to a share acquisition In CFC International Football Academy Ltd, the company that was incorporated in January 2016!

More questions raised than answered.