[The Earl of Chesterfield]

moondog, on 23 July 2018 - 04:23 PM, said:

AC informs me the deal includes the ground but DA will have first charge on the stadium until he gets his money and the deal would leave the club debt free

Okay, thanks for that, 'M'. So there might be shades of Lee/Brown or Haslam/Mansfield.

And does 'debt free' include the A&S Leisure mortgage? All debentures including any outstanding debts to former Boardmembers?

That's a multi-million pound smack in the gob for a bloke who 'doesn't do failure' if so.

Then whilst I don't for one minute expect Carson to admit it, can you also ask (though I'm sure he'll see this post anyway...) if Reg Brealey is involved and where he's suddenly found three million?

This post has been edited by MDCCCLXVI: 23 July 2018 - 04:34 PM

[Dougspireite78]

moondog, on 23 July 2018 - 04:23 PM, said:

AC informs me the deal includes the ground but DA will have first charge on the stadium until he gets his money and the deal would leave the club debt free

So from now we believe Carson, Allen gets the ground and it's just the football club being sold as she always suspected for a long time. We'll see if t comes off again just like the Chinese deal and the Swedish one, and the one at the end of the season.

Maybe it's just a game to them, they've had a quiet pre-season so they both want the spotlight back on them.

[metallilad]

moondog, on 23 July 2018 - 04:23 PM, said:

AC informs me the deal includes the ground but DA will have first charge on the stadium until he gets his money and the deal would leave the club debt free

Excuse my ignorance. But what does "first charge" mean?

[Benno Spire]

Will this mean Carson will get no money for his gifted shares, if yes every cloud and all that

[metallilad]

Dougspireite78, on 23 July 2018 - 04:34 PM, said:

So from now we believe Carson, Allen gets the ground and it's just the football club being sold as she always suspected for a long time. We'll see if t comes off again just like the Chinese deal and the Swedish one, and the one at the end of the season.

Maybe it's just a game to them, they've had a quiet pre-season so they both want the spotlight back on them.

There's individuals named now though, through media.

[Looker-on]

moondog, on 23 July 2018 - 04:23 PM, said:

AC informs me the deal includes the ground but DA will have first charge on the stadium until he gets his money and the deal would leave the club debt free

The whole thing? Lock, stock and barrel, for £3m? Wow. How much money has this self-styled "businessman" lost by turning away the Far Eastern consortium?

What makes DA appear so desperate to give the thing away for an amount similar to the A&S mortgage plus a few debentures?

[moondog]

metallilad, on 23 July 2018 - 04:36 PM, said:

Excuse my ignorance. But what does "first charge" mean?

Ownership of the ground is not released until all payments are made.

The use of the word "first charge" is interesting though as this is usually associated with a loan, to my mind supporting the rumours DA is lending the buyer the money.

[moondog]

Dougspireite78, on 23 July 2018 - 04:34 PM, said:

So from now we believe Carson, Allen gets the ground and it's just the football club being sold as she always suspected for a long time. We'll see if t comes off again just like the Chinese deal and the Swedish one, and the one at the end of the season.

Maybe it's just a game to them, they've had a quiet pre-season so they both want the spotlight back on them.

Believe who you want mate, I'm just passing on what I've been told

[Skywalker]

So a deal is close to completion yet no word from Ashley about non-refundable deposits. No surprises there then!!

[The Earl of Chesterfield]

Dougspireite78, on 23 July 2018 - 04:34 PM, said:

So from now we believe Carson, Allen gets the ground and it's just the football club being sold as she always suspected for a long time. We'll see if t comes off again just like the Chinese deal and the Swedish one, and the one at the end of the season.

Maybe it's just a game to them, they've had a quiet pre-season so they both want the spotlight back on them.

As always our friend 'Moondog' is merely the intermediary.

But it does seem convenient that both Carson and Biggs have suddenly broken what seemed liked months of silence...

[Tha Knows...]

[quote name='MDCCCLXVI' timestamp='1532359962' post='1404631']


Then of course there's the fact our Irish folk duo stated there'd be no sale whilst CFC was non-league - so what's changed?

[/quote

Maybe it's possible he wasn't being entirely honest?

[ELTON 2020]

Better what we have now. This is a disaster waiting to happen. Kenworthy fills me with fear. This is bad news, very bad news.

[Toddhopper.]

moondog, on 23 July 2018 - 04:40 PM, said:

Ownership of the ground is not released until all payments are made.

The use of the word "first charge" is interesting though as this is usually associated with a loan, to my mind supporting the rumours DA is lending the buyer the money.

So am I right in saying this means its £3 mill for the football club except the ground & they will be paying instalments for the ground? If so, how much is the ground worth?

This post has been edited by Toddhopper.: 23 July 2018 - 05:04 PM

[starsky72]

We had a loan secured on our house, the lender had "first charge" on the property.. as in that debt had to be settled prior to any sale of the ground. It doesn't infer ownership just the establishment of a lenders right over assets of a borrower...

[60s 70s Spireite]

moondog, on 23 July 2018 - 04:40 PM, said:

Ownership of the ground is not released until all payments are made.

The use of the word "first charge" is interesting though as this is usually associated with a loan, to my mind supporting the rumours DA is lending the buyer the money.

I wonder if a shareholders meeting will be called to approve the sale of the majority shares?

[Essex_Spireite]

Anyone else got that sinking feeling again after a pre season with a decent amount of optimism in the air?

[metallilad]

starsky72, on 23 July 2018 - 05:09 PM, said:

We had a loan secured on our house, the lender had "first charge" on the property.. as in that debt had to be settled prior to any sale of the ground. It doesn't infer ownership just the establishment of a lenders right over assets of a borrower...

So does that mean they could sell the club in the future but not the ground?

[Tha Knows...]

Essex_Spireite, on 23 July 2018 - 05:13 PM, said:

Anyone else got that sinking feeling again after a pre season with a decent amount of optimism in the air?

Guess timing had more to do with getting plenty of STs sold first, than outcome of fa investigation. Club seller and buyers must have known this would go down badly.

This post has been edited by Spire-Power: 23 July 2018 - 05:26 PM

[Hoare (400)]

So Uncles Daves last twist of the knife is to saddle us with new owners, that on first reflections nobody wants, safely for him in the knowledge that this is likely to go t its up fairly quickly, starting with almost certainly the resignation of the new in many peoples eyes Messiah Martin, within weeks of the take over if the inferred interference from a Director of football comes in to place.


Just when you thought a corner had been turned, the driver of the car crashes it on purpose, sad worrying times ahead, and you sense this isn't going to end well



Hoare (400)

[starsky72]

metallilad, on 23 July 2018 - 05:15 PM, said:

So does that mean they could sell the club in the future but not the ground?

Possibly... The first charge holder doesnt have any say, they just have to be paid off first.