[BlueLowen]

Article on BBC, Could one of them be us ?

http://www.bbc.co.uk...otball/39566143

[Mr Mercury]

Looking at the last paragraph regarding CCJs I'd say we're a cert!

[martatcross]

BlueLowen, on 12 April 2017 - 12:08 PM, said:

Article on BBC, Could one of them be us ?

http://www.bbc.co.uk...otball/39566143

It's a possibility but I don't see Dave Allen losing his investment

[SpireiteFitzy]

Morecambe are surely the league 2 club given their owner is MIA and the players have been paid late most of the season.

[JonB]

martatcross, on 12 April 2017 - 12:44 PM, said:

It's a possibility but I don't see Dave Allen losing his investment

This is where i am as well.....yes we have a large debt but its in the main owed to DA and if the club went into admin\went bust he loses all the money. He has nothing to gain from letting the club fold.

[Andy Spireite]

martatcross, on 12 April 2017 - 12:44 PM, said:

It's a possibility but I don't see Dave Allen losing his investment

Conversely, I don't see him ever getting it back, not fully at least.

[jack bauer]

Andy Spireite, on 12 April 2017 - 01:02 PM, said:

Conversely, I don't see him ever getting it back, not fully at least.

does anyone know how much he actually put in in the first place?

[Andy Spireite]

jack bauer, on 12 April 2017 - 01:20 PM, said:

does anyone know how much he actually put in in the first place?

Last years accounts show Dave Allen and A & S Leisure had net loans of £5.5m with a note saying that this had increased by £852k after the year end date when we (he) paid off the council loan. So that makes the total figure, as of a year ago, about £6.4m in loans. Plus he paid, from memory, £4m for his share capital. So, whilst some of the loans for A&S leisure have been repaid, his net investment at risk is about £10.4m.

I'd expect this to have increased over the past year given I'd expect our income this year to have been much lower than the previous year and we know he's been asked to plug those gaps through more loans.

Obviously there are other loans the business has and other shareholders as well on top of this.

[Nitrous Oxide]

He's probably got his money back already so selling the club is the icing on his cake. Asset stripping gives him a top up between now and not selling up. Folding the club may not cost him anything at all. Game over?

[Madorama]

So he puts more money into the club,we're led to believe,we only seem to go backwards(not even treading water) passing it off as loans,at a rate better than any bank,and as supporters we should be thankful. Could some one explain how it works and how the club moves forward

[60s 70s Spireite]

Nitrous Oxide, on 12 April 2017 - 06:04 PM, said:

He's probably got his money back already so selling the club is the icing on his cake. Asset stripping gives him a top up between now and not selling up. Folding the club may not cost him anything at all. Game over?

Care to explain how he has (or could have) had £10M back already?

[Spireiteboy155]

Nitrous Oxide, on 12 April 2017 - 06:04 PM, said:

He's probably got his money back already so selling the club is the icing on his cake. Asset stripping gives him a top up between now and not selling up. Folding the club may not cost him anything at all. Game over?

You can't seriously believe this? I ain't no DA fan but come on!
Where on earth could he have had his money back from?

[Guest_freelander2_*]

Bury, Hartlepool, Orient and possibly us.

[azul]

freelander2, on 13 April 2017 - 07:48 AM, said:

Bury, Hartlepool, Orient and possibly us.

The report does say three League One sides.

Interestingly Begbies Traynor is the company who advised us in late 2016 so we will be a likely candidate

[Half Full]

freelander2, on 13 April 2017 - 07:48 AM, said:

Bury, Hartlepool, Orient and possibly us.

Can't believe we're less secure than Coventry.

[Siberian Spireite]

freelander2, on 13 April 2017 - 07:48 AM, said:

Bury, Hartlepool, Orient and possibly us.

Surely Hartlepool cannot be insecure after all the years they had a top executive who ensures that "every aspect of a club is unified behind a clear philosophy and collective vision" overseeing them?

[JonB]

Half Full, on 13 April 2017 - 10:25 AM, said:

Can't believe we're less secure than Coventry.

Cant believe we are....they have no ground, no training ground, get nothing from any refreshments etc sold at the ground on match days and the owners generally dont give a damn.

[Guest_freelander2_*]

Siberian Spireite, on 13 April 2017 - 10:29 AM, said:

Surely Hartlepool cannot be insecure after all the years they had a top executive who ensures that "every aspect of a club is unified behind a clear philosophy and collective vision" overseeing them?

Forgot all about Coventry.

[azul]

JonB, on 13 April 2017 - 10:29 AM, said:

Cant believe we are....they have no ground, no training ground, get nothing from any refreshments etc sold at the ground on match days and the owners generally dont give a damn.

I'm sure they will be one off them

The report hinted at clubs who had been relegated from the champoinship

What about Charlton, aren't they another basket case?

[JonB]

Details here of Charltons finances from the 30th March. Lost £13.5m last year on top of £4m the previous year.