I imagine the price and the price + director debt are different things, inheriting (I think) £7 million off the bat isn’t something a sane businessman is going to want to do.
Not that I am an RD fan, But do I get the impression that we are now coming towards the end game. Even by RD's standards that was a polite update and he has given us more than what was hoped without revealing who they are. Does this now mean that the people wanting to purchase the club with NDA in place now happy for RD to confirm that they are now moving forward with the purchase of the sale and if they can all the Directors agree to their loans then final papers will be submitted to the EFL for approval and the Sale can go through. Why the need to pay off all of the Directors loans? Is it possible they can move forward with 4 of them paid off and 3 still in place.
Not that I am an RD fan, But do I get the impression that we are now coming towards the end game. Even by RD's standards that was a polite update and he has given us more than what was hoped without revealing who they are. Does this now mean that the people wanting to purchase the club with NDA in place now happy for RD to confirm that they are now moving forward with the purchase of the sale and if they can all the Directors agree to their loans then final papers will be submitted to the EFL for approval and the Sale can go through. Why the need to pay off all of the Directors loans? Is it possible they can move forward with 4 of them paid off and 3 still in place.
I think not.
ok thar rules that out then. Am I right in reading between the lines it is the Aussies now moving towards the sale (and the owners from Ebbsfleet ruled out (or he thinks).
I understand the price has been agreed for ages but I don’t totally understand why this issue of the directors loans keeps coming up - it appears that some of the directors - presumably the ones mentioned in Rolands ramble have agreed to a haircut on their loans - I heard 50% plus but the others not mentioned won’t agree to a haircut and you can’t treat different loan holders differently hence the impasse. I guess that not unreasonably the Aussies ( that’s who it still is ) want clear title on the whole club bearing in mind they are having to pay a ridiculously high price in the first place. You really would have thought that given that Roland stands to continue to lose £5-7m a year he’d just cough up a compromise to get the deal over the line - but he’s not a mean billionaire for nothing
I imagine the price and the price + director debt are different things, inheriting (I think) £7 million off the bat isn’t something a sane businessman is going to want to do.
Quite right. It's hard enough to turn a profit on a football investment as it is. Putting yourself another £7m in the hole before you even start shouldn't stack up with any sensible buyer.
Roland is hoping someone as dumb as he was in 2014 would buy the club and take the loans on that he never knew about and his non-existent DD didn't turn up. Roland could solve this problem tomorrow by paying off the £7m debt that he took on by result of his own incompetence. Let's call it his penance. That would seem fair to me.
I imagine the price and the price + director debt are different things, inheriting (I think) £7 million off the bat isn’t something a sane businessman is going to want to do.
Quite right. It's hard enough to turn a profit on a football investment as it is. Putting yourself another £7m in the hole before you even start shouldn't stack up with any sensible buyer.
Roland is hoping someone as dumb as he was in 2014 would buy the club and take the loans on that he never knew about and his non-existent DD didn't turn up. Roland could solve this problem tomorrow by paying off the £7m debt that he took on by result of his own incompetence. Let's call it his penance. That would seem fair to me.
With the loans I think it’s more than just the sums involved. There are complication vis a vis leases?
Honestly, when the directors loaned the club money, they never expected it to take this long to get paid. Given the shit we are in with our owner and the supposed new owners have sat on their hands for a year, and we have no idea what their real financial situation is either, and with the PL seeming forever away, I would not blame the directors for doing whatever they feel they need to get paid. Now.
Blaming others for his mistakes again. The club had losses in the millions when he bought it in the Championship, but he thought he was getting a steal due to the accounting value of the property I expect and his scheme to get value from the network and dodging FFP, which as we know went horribly wrong. I’d be amazed if he didn’t have to take a big haircut
Honestly, when the directors loaned the club money, they never expected it to take this long to get paid. Given the shit we are in with our owner and the supposed new owners have sat on their hands for a year, and we have no idea what their real financial situation is either, and with the PL seeming forever away, I would not blame the directors for doing whatever they feel they need to get paid. Now.
But all but one, possibly two, have agreed. Roland being Roland can’t bring himself to pay all of them 100% when most have ready agreed a substantial haircut. Logic would say ‘just pay the money’, but we know what he’s like.
Lol I was going to suggest that. I think the sums aren’t huge (if the majority have agreed a deal with Roland), and perhaps if you chip in you could be repaid if and when we reach the Premier League, and in the meantime you’d have a stake in the club and its assets.
I understand the price has been agreed for ages but I don’t totally understand why this issue of the directors loans keeps coming up - it appears that some of the directors - presumably the ones mentioned in Rolands ramble have agreed to a haircut on their loans - I heard 50% plus but the others not mentioned won’t agree to a haircut and you can’t treat different loan holders differently hence the impasse. I guess that not unreasonably the Aussies ( that’s who it still is ) want clear title on the whole club bearing in mind they are having to pay a ridiculously high price in the first place. You really would have thought that given that Roland stands to continue to lose £5-7m a year he’d just cough up a compromise to get the deal over the line - but he’s not a mean billionaire for nothing
Maybe that’s why they suggested it would be sorted by the end of June a few weeks ago. maybe Dear Roland is trying to get them to drop and he’ll sort the rest. if not he’ll pay the lot at the end of June? just guessing though
As Muir was at Wembley I'm assuming the Aussies have agreed a price.
The ex-directors not thanked by RD are, Derek Chappell, Robert Whitehand and David Sumners. If I'm correct I'm assuming they have not as yet agreed a deal to pay off their loans, but Murray, Hatter, Hughes and White have agreed.
RD is saying that the prospective owner put forward by Varney is the current owner of Ebbsfleet, who has not been paying the bills on time for a considerable period.
Bowyer wants a basic wage, higher than is currently on offer and negotiations will continue next week.
The playing budget is low (perhaps lowest in division) and we'll just have to get on with it.
As Muir was at Wembley I'm assuming the Aussies have agreed a price.
The ex-directors not thanked by RD are David Hughes, Maurice Hatter, Robert Whitehand and David Sumners. If I'm correct I'm assuming they have not as yet agreed a deal to pay off their loans, but Murray, Chappell and White have agreed.
RD is saying that the prospective owner put forward by Varney is the current owner of Ebbsfleet, who has not been paying the bills on time for a considerable period.
Bowyer wants a basic wage, higher than is currently on offer and negotiations will continue next week.
The playing budget is low (perhaps lowest in division) and we'll just have to get on with it.
RD is saying that the prospective owner put forward by Varney is the current owner of Ebbsfleet, who has not been paying the bills on time for a considerable period.
Which Airman is saying is a total lie, it wasn’t the current Ebbsfleet owner.
As Muir was at Wembley I'm assuming the Aussies have agreed a price.
The ex-directors not thanked by RD are David Hughes, Maurice Hatter, Robert Whitehand and David Sumners. If I'm correct I'm assuming they have not as yet agreed a deal to pay off their loans, but Murray, Chappell and White have agreed.
RD is saying that the prospective owner put forward by Varney is the current owner of Ebbsfleet, who has not been paying the bills on time for a considerable period.
Bowyer wants a basic wage, higher than is currently on offer and negotiations will continue next week.
The playing budget is low (perhaps lowest in division) and we'll just have to get on with it.
He thanks Murray, Hatter, White and Hughes. So that suggests Chappell, Whitehand and Sumners are the outstanding ones.
As Muir was at Wembley I'm assuming the Aussies have agreed a price.
The ex-directors not thanked by RD are David Hughes, Maurice Hatter, Robert Whitehand and David Sumners. If I'm correct I'm assuming they have not as yet agreed a deal to pay off their loans, but Murray, Chappell and White have agreed.
RD is saying that the prospective owner put forward by Varney is the current owner of Ebbsfleet, who has not been paying the bills on time for a considerable period.
Bowyer wants a basic wage, higher than is currently on offer and negotiations will continue next week.
The playing budget is low (perhaps lowest in division) and we'll just have to get on with it.
I would like to thank Richard Murray, Sir Maurice Hatter, David White and David Hughes for their cooperation during this process. Sir Maurice Hatter is 'thanked' in the statement.
Thing is if the thing went tits up the investors would be behind the former directors in the queue so you can see why they would want maximum protection/minimum exposure
Comments
Am I right in reading between the lines it is the Aussies now moving towards the sale (and the owners from Ebbsfleet ruled out (or he thinks).
Roland is hoping someone as dumb as he was in 2014 would buy the club and take the loans on that he never knew about and his non-existent DD didn't turn up. Roland could solve this problem tomorrow by paying off the £7m debt that he took on by result of his own incompetence. Let's call it his penance. That would seem fair to me.
Oh....
maybe Dear Roland is trying to get them to drop and he’ll sort the rest.
if not he’ll pay the lot at the end of June?
just guessing though
The ex-directors not thanked by RD are, Derek Chappell, Robert Whitehand and David Sumners.
If I'm correct I'm assuming they have not as yet agreed a deal to pay off their loans, but Murray, Hatter, Hughes and White have agreed.
RD is saying that the prospective owner put forward by Varney is the current owner of Ebbsfleet, who has not been paying the bills on time for a considerable period.
Bowyer wants a basic wage, higher than is currently on offer and negotiations will continue next week.
The playing budget is low (perhaps lowest in division) and we'll just have to get on with it.
is Chappel still in there?
Sir Maurice Hatter is 'thanked' in the statement.