[moondog]

Blue5, on 14 September 2019 - 07:24 AM, said:

Hopefully Moondog and Ashley will clear up the confusion.

I understand from another source that DA lent JC the money, if I'm wrong AC will no doubt correct me

[The Earl of Chesterfield]

This gets even more tangled.

If the story's verified - and let's be clear it's just an allegation at this point - why would Allen lend Croot money to then loan CFC?

Wouldn't it still have to be declared in the books?

And either way the accounts have it in black and white which kinda contradicts Catson's claim.

As always things are never straightforward on Sheff Road...

[Blue5]

moondog, on 14 September 2019 - 09:08 AM, said:

I understand from another source that DA lent JC the money, if I'm wrong AC will no doubt correct me

How unusual.

As per the accounts for year ended 30/06/18, they do show a repayment of £35,000 to Dave Allen, an amount equal to what the club owed John Croot as shown in the accounts for 2014, 2015 & 2016.

Out of interest, are you aware of any other examples of where a director might have loaned the club money but not used their own funds?

[Westbars Spireite]

This is going to get deep down and dirty(er).

[moondog]

Blue5, on 14 September 2019 - 09:26 AM, said:

How unusual.

As per the accounts for year ended 30/06/18, they do show a repayment of £35,000 to Dave Allen, an amount equal to what the club owed John Croot as shown in the accounts for 2014, 2015 & 2016.

Out of interest, are you aware of any other examples of where a director might have loaned the club money but not used their own funds?

That does appear to confirm it

No

[moondog]

The Earl of Chesterfield, on 14 September 2019 - 09:21 AM, said:

This gets even more tangled.

If the story's verified - and let's be clear it's just an allegation at this point - why would Allen lend Croot money to then loan CFC?

Wouldn't it still have to be declared in the books?

And either way the accounts have it in black and white which kinda contradicts Catson's claim.

As always things are never straightforward on Sheff Road...

In order to persuade other directors to make loans.

Not sure about the accounting implications

[Blue5]

moondog, on 14 September 2019 - 10:51 AM, said:

In order to persuade other directors to make loans.

Not sure about the accounting implications

Why would John agree to that?

moondog, on 14 September 2019 - 10:38 AM, said:

No

Mmm.

[moondog]

Blue5, on 14 September 2019 - 10:54 AM, said:

Why would John agree to that?

I'd assume to pacify DA

[Blue5]

moondog, on 14 September 2019 - 10:58 AM, said:

I'd assume to pacify DA

But if such an arrangement existed it would have deliberately mislead the other directors. Is that what you are saying?

[dim view]

The Earl of Chesterfield, on 14 September 2019 - 09:21 AM, said:

This gets even more tangled.

If the story's verified - and let's be clear it's just an allegation at this point - why would Allen lend Croot money to then loan CFC?

Wouldn't it still have to be declared in the books?

And either way the accounts have it in black and white which kinda contradicts Catson's claim.

As always things are never straightforward on Sheff Road...

I'm massively encouraged by this leaking behaviour by Carson. He has form on it. It's significance is that he's trying to clear the decks of as many scandals/problems as possible prior to a takeover, to give new owners as clean a slate as possible.

[Westbars Spireite]

Haha. There's no wonder you're on the club's hitlist with your delicious sense of humour.

[isleaiw1]

If DA lent JC money, then JC put it in the club then the only person the club can repay is JC... any separate arrangement between JC and DA is down to them. The accounts should show a repayment to JC or its still owing.....

Financial control alive and well on sheff rd again...

[born in 1866]

Not even a financial excuse to linger then.

I was told his salaried position for the trust was dependant on him being a director.

I don't know if this is true but, if so, it would cast a little light on why he is still in bed with DA

[Goku]

Westbars Spireite, on 14 September 2019 - 12:17 PM, said:

Haha. There's no wonder you're on the club's hitlist with your delicious sense of humour.

some of my fave posts on this board are dim view's posts against Carson & Co, dripping with sarcasm. much better than when he was backing michael onovwigun

[Westbars Spireite]

I completely agree. His face will undoubtably be on the club dartboard.

[dim view]

Blue5, on 14 September 2019 - 11:23 AM, said:

But if such an arrangement existed it would have deliberately mislead the other directors. Is that what you are saying?

What I've known for years is that JC switched his allegiance in the Boardroom from pro Hubbard and friends to anti Hubbard and friends.

What I've known from 5pm today is that the ex-Directors have always known about the payment.

[Blue5]

dim view, on 14 September 2019 - 05:40 PM, said:

What I've known from 5pm today is that the ex-Directors have always known about the payment.

So it had nothing to do with persuading the other directors to provide additional funding as per Moondog's suggestion? So why was it done then?

[Les Ashmore]

I heard a rumour that the £35k was a Further loan that was requested from each of the board members for an expense that came up (I can't remember what it was) I was told at the time that JC hadn't got that sort of money so DA put 35k in for JC, If the ones with copies of accounts can look back you should see that all around the same time each directors loan increased by the same amount ie £35k if that is true, so it will be before 2014 or even 2013 I can't look at the moment as all my books etc are packed away for the big move.That is what I was led to believe at the time.

Just remembered that the rumour was it was for Dan Gardner

This post has been edited by Les Ashmore: 14 September 2019 - 08:14 PM

[Les Ashmore]

Just looked and can see it was around January 2014 when Gardner signed so it would be latter end 2013 to early 2014 when entries should have been made for extra debentures for directors

I have just looked at the accounts for 2014 and they state as follows

Loan Advances

A Carson £25,000
J Croot £35,000
A Goodall £35,000
D C Jones £135,000
M L Warner £35,000

I have a copy of the accounts but for some reason I cannot attach it.

This post has been edited by Les Ashmore: 14 September 2019 - 09:39 PM

[dim view]

Blue5, on 14 September 2019 - 07:35 PM, said:

So it had nothing to do with persuading the other directors to provide additional funding as per Moondog's suggestion? So why was it done then?

Simple, to buy allegiance.
Wor I want to know is who pocketed the interest.

This post has been edited by dim view: 14 September 2019 - 11:06 PM