| The penny dropped? 14:15 - Aug 22 with 6493 views | macro |
Keith Maddock â€@Keithclubline 52s
"We need to let some players go before we can sign any more" KB #buryfc |  | | |  |
| The penny dropped? on 21:18 - Aug 22 with 1697 views | R17ALE |
The recruitment drive has been funded by the re-mortgage of giggle, plus the paying off of debts.
If I were a bury fan, I'd be scrutinising this company.
http://www.vanillalettings.co.uk/
And checking the re-mortgage papers. |  |
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| The penny dropped? on 21:53 - Aug 22 with 1639 views | ceme_ender |
| The penny dropped? on 21:18 - Aug 22 by R17ALE |
The recruitment drive has been funded by the re-mortgage of giggle, plus the paying off of debts.
If I were a bury fan, I'd be scrutinising this company.
http://www.vanillalettings.co.uk/
And checking the re-mortgage papers. |
The ground hasn't been mortgaged. The new board paid any outstanding debts off to take control and ownership of club, this money is now owed to them, they then place a charge on ground to guarantee there investment. This is what the old board were flogging with there guaranteed return. It's a directors Loan secured against the ground, our only asset. If the money owed to him is not paid then he can basically takecontroll of ground. Its a mortgage with the chairman. Not ideal but what was other option? . |  | | |
| The penny dropped? on 22:04 - Aug 22 with 1610 views | Daley_Lama |
| The penny dropped? on 21:53 - Aug 22 by ceme_ender |
The ground hasn't been mortgaged. The new board paid any outstanding debts off to take control and ownership of club, this money is now owed to them, they then place a charge on ground to guarantee there investment. This is what the old board were flogging with there guaranteed return. It's a directors Loan secured against the ground, our only asset. If the money owed to him is not paid then he can basically takecontroll of ground. Its a mortgage with the chairman. Not ideal but what was other option? . |
I wonder whatever happened to David Lloyd of Hull fame? |  |
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| The penny dropped? on 22:13 - Aug 22 with 1596 views | TTNYear |
| The penny dropped? on 21:53 - Aug 22 by ceme_ender |
The ground hasn't been mortgaged. The new board paid any outstanding debts off to take control and ownership of club, this money is now owed to them, they then place a charge on ground to guarantee there investment. This is what the old board were flogging with there guaranteed return. It's a directors Loan secured against the ground, our only asset. If the money owed to him is not paid then he can basically takecontroll of ground. Its a mortgage with the chairman. Not ideal but what was other option? . |
So all that bollocks that you used to throw at us about us not totally owning our ground is...well... Redundant now?? |  |
| Anti-cliquism is the last refuge of the messageboard scoundrel - Copyright Dorset Dale productions |
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| The penny dropped? on 00:44 - Aug 23 with 1526 views | dribdrab |
| The penny dropped? on 21:53 - Aug 22 by ceme_ender |
The ground hasn't been mortgaged. The new board paid any outstanding debts off to take control and ownership of club, this money is now owed to them, they then place a charge on ground to guarantee there investment. This is what the old board were flogging with there guaranteed return. It's a directors Loan secured against the ground, our only asset. If the money owed to him is not paid then he can basically takecontroll of ground. Its a mortgage with the chairman. Not ideal but what was other option? . |
And how long will it be before your current board call in their debts? | | | |
| The penny dropped? on 00:46 - Aug 23 with 1526 views | Daley_Lama |
| The penny dropped? on 22:13 - Aug 22 by TTNYear |
So all that bollocks that you used to throw at us about us not totally owning our ground is...well... Redundant now?? |
Erm
If he owes Bury FC lock stock and barrel why does he need a loan arrangement with his limited shell company? It's his, he owns everything anyway so is only insuring himself against himself.
I'm hoping for a "He owns Bury FC but doesn't actually own the ground as that is owned by Forever Bury or other persons" response.
If so, then it makes the same sense to me as it has all the way through.
Whack up the running costs, employ load of staff, pull the plug as the majority (sole) investor leaving the shareholders absolutely no choice, seize full control of everything INCLUDING the ground would be my next step.
Viva la Revultion!
I still wonder what David Lloyd is up to. | |
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