[Wooden Spoon]

warfey is a spireite said:

1493734857[/url]' post='1300479']
another week passes and more dirt unvieled

Something Carson has been aware of for a while

[Heart of a Niven]

What's tha old saying?
There are lies, lies and Ashley Carson opening his mouth.

[Wooden Spoon]

Heart of a Niven said:

1493737885[/url]' post='1300492']
What's tha old saying?
There are lies, lies and Ashley Carson opening his mouth.

I like the bit where he says it was the years before he was involved, 3-5 years yet he was here when we moved from Saltergate.

The man has no shame. Lies, damn lies, and Carsons lips moving.

[RGS]

Price drop at CFC

http://www.derbyshir...ation-1-8523194

[The Earl of Chesterfield]

So Allen now wants the four million he originally paid.

Like Tesco adding a couple of quid to the price of summat then telling folk they're getting a bargain when they knock that two quid off.

And what about the shares he's handed to friends and family - are they included in the four mil'?

Hmmm...

[moondog]

MDCCCLXVI, on 02 May 2017 - 04:16 PM, said:

So Allen now wants the four million he originally paid.

Like Tesco adding a couple of quid to the price of summat then telling folk they're getting a bargain when they knock that two quid off.

And what about the shares he's handed to friends and family - are they included in the four mil'?

Hmmm...

Yes, he has 60%, daughter 20%, AC 3% which adds up to the 83% quoted

[Benno Spire]

RGS, on 02 May 2017 - 04:04 PM, said:

Price drop at CFC

http://www.derbyshir...ation-1-8523194

Still too much
We don't want to be out of the frying pan into the barbie

[The Earl of Chesterfield]

If someone invests in a business only for that business to fail, surely it's utterly unrealistic for them to expect to recoup all their investment.

The business is only worth what someone is prepared to pay.

That said football is unlike any other industry due to the passionate loyalty of supporters.

If we were just customers who behaved as such, turning our backs when the service or product became unacceptable, maybe fewer football clubs would abuse that loyalty.

[moondog]

Benno Spire, on 02 May 2017 - 04:38 PM, said:

Still too much
We don't want to be out of the frying pan into the barbie

Agree, still way too high, it'll be back up again when the wind changes direction

[dim view]

a kick in the balls, on 02 May 2017 - 03:21 PM, said:

I like the bit where he says it was the years before he was involved, 3-5 years yet he was here when we moved from Saltergate.

The man has no shame. Lies, damn lies, and Carsons lips moving.

I give Ashley credit for openly admitting what happened. He could easily have said for example that the cash was a short term loan to CFC which was quickly paid back. Thinking on though, the strict cross charging auditing rules between these financially independent companies would have picked that up. Silly me.

Why would a company which owes all this money to creditors including scholars and their parents be used to facilitate payments to CFC employees?
You are right Ashley, it's a mystery. The question is, are you going to get to the bottom of it? Somebody at CFC must have asked Sutcliffe to process the transactions.

One thing that strikes me is that these young CFC footballers might never have received all the wages they were entitled to.

Ashley, is it your responsibility to check?

[warfey is a spireite]

Stockholm Spireite, on 02 May 2017 - 02:58 PM, said:

Not sure why you got a red for that, so I'll level it up for you

let the childish boys use there reds , cowards behind keyboard

[Zorro]

RGS, on 02 May 2017 - 04:04 PM, said:

Price drop at CFC

http://www.derbyshir...ation-1-8523194

I can't get my head around the value of the share price. We have sold the crown jewels, we have also got rid of any assets that were supposed to be there before such as Gboly, O'Shea, Evans & Raglan. We have fallen into division 2 and the crowds have disappeared. Season Tickets have dropped like a lead balloon, the banqueting income has dropped, sponsors have walked away and we have more bad publicity than the rest of the bottom two leagues put together. We still have £7.5M debt (nearly £2M on the mortgage & just over £5.5M on loans). There is also the loans owed to the other ex-directors and spiralling employment costs.

It is far from a ready made company, it is only a work in progress company because it wants topping & bottoming. There is potential but at the asking price it is still too far fetched and unrealistic. If it was a successful team with a healthy trading balance with a well balanced cash flow, then I'm sure more suitors would have taken a look, but..... and this is a more realistic view. The SHARES aren't worth £0.20p each!!!

The first rule of thumb in any business is to make sure you understand finances and balance sheets, if only DA had used his money wiser and appointed a person who was capable of just that.

BH ran a tight ship and had the support of AW at Saltergate & at the beginning of our move to the Proact, why oh why has it gone so horribly wrong? We can all blame individuals but I'm sorry Mr Allen this is down to you and you alone. You have allowed people to ruin everything that you brought to our football club.

One thing that DA & AC haven't grasped yet, is that Chesterfield is not part of Sheffield, we are not in South Yorkshire and our club means more to us than a business venture that has gone horribly wrong. Take a hit now and walk away. Thank you for putting us into a new stadium and accepting a challenge that BH gave you from day 1, but now is the time to cut your losses.

This club needs more Jim Browns, lost sponsors & lost fans back before it can claim any success in the future. It needs fans in each department that would work for the benefit of the club.

Z

[The Rev.]

moondog, on 02 May 2017 - 04:26 PM, said:

Yes, he has 60%, daughter 20%, AC 3% which adds up to the 83% quoted

M,Does this mean therefore that 17% are owned by fans?

[moondog]

SaltergateBlue01222, on 02 May 2017 - 05:28 PM, said:

M,Does this mean therefore that 17% are owned by fans?

Yep

[Paul Fisher]

Zorro, on 02 May 2017 - 05:16 PM, said:

I can't get my head around the value of the share price. We have sold the crown jewels, we have also got rid of any assets that were supposed to be there before such as Gboly, O'Shea, Evans & Raglan. We have fallen into division 2 and the crowds have disappeared. Season Tickets have dropped like a lead balloon, the banqueting income has dropped, sponsors have walked away and we have more bad publicity than the rest of the bottom two leagues put together. We still have £7.5M debt (nearly £2M on the mortgage & just over £5.5M on loans). There is also the loans owed to the other ex-directors and spiralling employment costs.

It is far from a ready made company, it is only a work in progress company because it wants topping & bottoming. There is potential but at the asking price it is still too far fetched and unrealistic. If it was a successful team with a healthy trading balance with a well balanced cash flow, then I'm sure more suitors would have taken a look, but..... and this is a more realistic view. The SHARES aren't worth £0.20p each!!!

The first rule of thumb in any business is to make sure you understand finances and balance sheets, if only DA had used his money wiser and appointed a person who was capable of just that.

BH ran a tight ship and had the support of AW at Saltergate & at the beginning of our move to the Proact, why oh why has it gone so horribly wrong? We can all blame individuals but I'm sorry Mr Allen this is down to you and you alone. You have allowed people to ruin everything that you brought to our football club.

One thing that DA & AC haven't grasped yet, is that Chesterfield is not part of Sheffield, we are not in South Yorkshire and our club means more to us than a business venture that has gone horribly wrong. Take a hit now and walk away. Thank you for putting us into a new stadium and accepting a challenge that BH gave you from day 1, but now is the time to cut your losses.

This club needs more Jim Browns, lost sponsors & lost fans back before it can claim any success in the future. It needs fans in each department that would work for the benefit of the club.

Z

Quality Post.

[Wooden Spoon]

dim view, on 02 May 2017 - 04:46 PM, said:

I give Ashley credit for openly admitting what happened. He could easily have said for example that the cash was a short term loan to CFC which was quickly paid back. Thinking on though, the strict cross charging auditing rules between these financially independent companies would have picked that up. Silly me.

Why would a company which owes all this money to creditors including scholars and their parents be used to facilitate payments to CFC employees?
You are right Ashley, it's a mystery. The question is, are you going to get to the bottom of it? Somebody at CFC must have asked Sutcliffe to process the transactions.

One thing that strikes me is that these young CFC footballers might never have received all the wages they were entitled to.

Ashley, is it your responsibility to check?

Hes a director, he has responsibilities.

This post has been edited by a kick in the balls: 02 May 2017 - 06:28 PM

[dim view]

RGS, on 02 May 2017 - 02:02 PM, said:

Pair of Spireites had wages paid by football academy

http://www.derbyshir...ector-1-8522859

duplicated thread.

This post has been edited by dim view: 02 May 2017 - 08:08 PM

[Exharboroughspireite]

It could be alleged that those supposedly in charge of the club miss quite a lot.....

[Looker-on]

RGS, on 02 May 2017 - 02:02 PM, said:

Pair of Spireites had wages paid by football academy

http://www.derbyshir...ector-1-8522859

Here's a thing. The non-playing CFC staff who were paid by the DS I can understand, as they may have fulfilled some function for the DS separate to their employment with CFC, on a freelance basis, say. The players, though? The whole business model of the DS (yeah, bear with me!) relies on players paying the DS to play, rather than the other way around. What were Wright and the others "employed" for at the DS, that made it look like they were being paid for DS work?

This is two financially and legally separate companies, each is paying the other's bills, and the Company Secretary of one has fessed up that to a local newspaper. I hope that today's Carsonism doesn't somehow open the club up to third-party claims from the DS liquidators.

This post has been edited by Looker-on: 02 May 2017 - 08:36 PM

[Trigger]

Was the development school paying wright and orrel so they could promote them as success stories? I seem to remember these 2 were published on a website as coming through the school even though orrel was signed from a team in the north east (Sunderland?) and wasn't wright from the youth system?