Wednesday, 27 June 2018
  786 Replies
  20.8K Visits
Why don’t we just announce he’s working for us? Worst kept ‘secret’ yet that he’s now employed by the Club in some capacity.

Can’t take that long to come up with a title surely?!
1 month ago
If PD is our leader, and focal point for the new regime, I’m out of here.Dubai based, doesn’t like football, has a ‘chequered’ view on business, lends rather than invests, and publicity shy.

He’s hardly someone to get behind-in fact, he’s the opposite because the view will be no point in putting money up because he’s got enough
1 month ago
It's more than the footy, we have had many false dawns and attempts to do better and failed. It's all the other ingredients, like the Trust for one, a lump of ley-people who couldn't run a hot-dag barrow, owning a significant % of footy Club by de-fault, and don't know what to do about it. They own the legacy of killing the best opportunity this club has had in decades.

The match-day experience is dire, it's 1970's stuff, and we appear to be bereft of ideas to move forward.

Add to this all the previous end of season spin from Millionaires to Blue Yonder and of course the wonderful NDA's and ' I can't say nowt' BS.

No one at CUFC ever commits to anything, no objectives, aspirations, targets, nowt. And you can see why, we simply don't deliver - ever.

We have all seen first-hand what happens if you stick your head above the parapet and challenge any of this, it's swiftly chopped off, like the Fan's rep was.

Clibbin's does his best, but it's all operational and PR stuff, we need a few lumps of meat every now and again.

We need to hear the sentence " I have some great news for the fans, we are about to......."
1 month ago
"As for the stadium, the council needs to get off its arse and build a new sports/education complex.The club doesn’t need to build it"

What a surprise. Laffy's master plan involves the council building us a new ground for free, that's true head in the clouds Fantasy Island crack.

We move out of Brunton Park and into council accomodation, leaving the Brunton Park site empty and free for Laffy to exploit, all at zero cost to himself.

Take over the club with someone else's money, get someone else to build a new ground we don't own, kick back and rake all the profits in from your new business park. Genius.

Who cares if new investment comes from Dubai, Outer Mongolia, Antarctica or wherever?
1 month ago
Unless anyone want's to become the next bear, simply don't respond to Troll II...............
1 month ago

It's more than the footy, we have had many false dawns and attempts to do better and failed. It's all the other ingredients, like the Trust for one, a lump of ley-people who couldn't run a hot-dag barrow, owning a significant % of footy Club by de-fault, and don't know what to do about it. They own the legacy of killing the best opportunity this club has had in decades.

The match-day experience is dire, it's 1970's stuff, and we appear to be bereft of ideas to move forward.

Add to this all the previous end of season spin from Millionaires to Blue Yonder and of course the wonderful NDA's and ' I can't say nowt' BS.

No one at CUFC ever commits to anything, no objectives, aspirations, targets, nowt. And you can see why, we simply don't deliver - ever.

We have all seen first-hand what happens if you stick your head above the parapet and challenge any of this, it's swiftly chopped off, like the Fan's rep was.

Clibbin's does his best, but it's all operational and PR stuff, we need a few lumps of meat every now and again.

We need to hear the sentence " I have some great news for the fans, we are about to......."


LEAVE BECAUSE WE BUGGERED IT UP.
1 month ago
We are in a race to the bottom-have been for 5 years.It’s now a competition between the debt and investment-and we know which one has priority.

The PD debt is going up Marko.Read the accounts.The one thing we don’t know is what the terms of the debt are.I suspect it’s already in technical default due to expiry of the original term-hence the letter of comfort for next 12 months

As for the stadium, the council needs to get off its arse and build a new sports/education complex.The club doesn’t need to build it

You can smell decay around the Club-it’s being run in a shoestring because the current regime screwed it up-the trust being a big part of it with their blocking right.Would they rather have 10pc of something or 25.4pc of [censored] all is the question?

You can't expect the tax payer to bail out the club and build them a stadium. That's even before you consider whether they have the gumption - rumour has it their flood defence policy for the Sands is to just et the water enter the buildimg.
1 month ago
We are in a race to the bottom-have been for 5 years.It’s now a competition between the debt and investment-and we know which one has priority.

The PD debt is going up Marko.Read the accounts.The one thing we don’t know is what the terms of the debt are.I suspect it’s already in technical default due to expiry of the original term-hence the letter of comfort for next 12 months

As for the stadium, the council needs to get off its arse and build a new sports/education complex.The club doesn’t need to build it

You can smell decay around the Club-it’s being run in a shoestring because the current regime screwed it up-the trust being a big part of it with their blocking right.Would they rather have 10pc of something or 25.4pc of [censored] all is the question?

You can't expect the tax payer to bail out the club and build them a stadium. That's even before you consider whether they have the gumption - rumour has it their flood defence policy for the Sands is to just et the water enter the buildimg.


It's on stilts by the look of it.
1 month ago
We are in a race to the bottom-have been for 5 years.It’s now a competition between the debt and investment-and we know which one has priority.

The PD debt is going up Marko.Read the accounts.The one thing we don’t know is what the terms of the debt are.I suspect it’s already in technical default due to expiry of the original term-hence the letter of comfort for next 12 months

As for the stadium, the council needs to get off its arse and build a new sports/education complex.The club doesn’t need to build it

You can smell decay around the Club-it’s being run in a shoestring because the current regime screwed it up-the trust being a big part of it with their blocking right.Would they rather have 10pc of something or 25.4pc of [censored] all is the question?

You can't expect the tax payer to bail out the club and build them a stadium. That's even before you consider whether they have the gumption - rumour has it their flood defence policy for the Sands is to just et the water enter the buildimg.


It's on stilts by the look of it.

I know the original designers as he questioned it, and it was not previously, could be now mind.
It does not look very high above the path to be on stilts.
1 month ago
The only way there will be a new stadium is if Day decides to build it and dedicate it to himself. Stranger things have happened.

Sutton Utd used to earn £200k a year from renting out their astro turf pitch. Time for Nixon to lobby for EFL clubs to be allowed to use them. Cut our annual losses in half
1 month ago
Pig

Look at Workington-building a community project with err..taxpayer cash.It needs to involve community use, including education-on the BP site for me.

As for your pie in the sky building of a business park, the last one I was involved in financing was Maxim on the M8.£330m project.I won’t be going into that game again as there is no demand,even less in Carlisle.

What holds Carlisle back is the usual ‘Cant do’ mentality-it’s like it’s inbred in the population.You then have Cumbria split into two distinct council areas which is bloody madness.
1 month ago
Business Park or Distribution Hub?

Semantics.
1 month ago
Distribution hub on Warwick Road-are you insane?

Interesting story about Maxim-we forward sold it in 2008 for £330m without a brick in the ground on basis we would build it.Crash came and when it was finished in 2010, surprise surprise the bank called the loan in.I was interviewed by the bank and it’s advisors as to how we as developers had managed to sell it pre crash for £330m at which point I noted that it was the bank that funded the purchase!

The interview then descended into a shouting match-whilst looking at their feet, something I do in difficult meetings as shuffling feet tells you a lot, I noted that the main bank guy was wearing cheap plastic shoes.I advised him that I was not prepared to have an argument with someone wearing plastic shoes.

That was the end of my relationship with HBOS-their loss.I will never borrow a bean from those idiots again
1 month ago
The Bank of Scotland funded the purchase of Maxim for Tritex. Interesting set up, they bought the old TV factory then transferred the assets to unit trusts, so investors were split cap unit holders.
Alex Salmond got very drunk as I recall at the launch. Kepple were the lead developers. Wife of a guy I worked with was one of the lawyers when BofS were sued. They lost 95m overall? Spent $2m trying to protect 900k of cash they had on deposit, then tried to use the site for asset swaps when they went under. Worthless now of course
1 month ago
What does shuffling of feet tell you?

What's the optimal foot position during a business meeting?

Anyway, I'm with you on the shit shoe thing. Shoes tell you an amazing amount about the wearer.
1 month ago
Yes Marko-me and a few guys bought the site for £24m with Tritax.We knocked the production building down because we couldn’t let it
.Resulted in a tax tribunal over capital allowances which we won earlier this year-13 years fighting it.Check out Mark Shaw v HMRC

The opening night was indeed with Salmond.I sat next to Chris Hoy who did a speech for a few.

The court case in loved Regus who were stung by the bank-appalling

Worst of all, SE dropped 10s of millions on funding Chungwha-basically to build picture tubes just as flat screens were coming in

Keppies did a great job-huge commission for them at the time

10 years later, Maxim is proving to be a success and substantially filled-the sheds did well from outset

I wouldn’t go anywhere near HBOS again-behaved like thugs
1 month ago
Interesting. can you get IBAs for retail and offices now? Used to be the 10% rule.
I thought Maxim was empty? When Sturgeon was full on at Salmond in Holyrood she said it was 70% empty
1 month ago
Was an enterprise zone so 100pc on all new build-including the Dakota hotel.

I was asked to put my name on the tax case but thought we would lose so Mark offered-we lost the first one and won on appeal.£750k of legal costs and 13 years of grief but there was an awful lot of tax at stake.Big relief for me and the rest of the land syndicate I can tell you.Our counsel was Julian Gosht who ran and lost the Rangers Tax case.Probably the smartest person I’ve ever met and he was brilliant in a Zoom tribunal

Cerberus bought the Hbos debt and it’s now been sold on and the Park is really filling up.Timing is everything!
1 month ago
Not interested in tax law Mush?
1 month ago
With the budget set for us to finish 10th in the 4th division the football club loses £400k a year. You don’t have to be Richard Branson to know that your income shouldn’t be less than your cost and we don’t have a sugar daddy to make up the short fall. The fans don’t support the club in enough numbers to maintain the club at its current level, hence the call to buy tickets. Because if you don’t the loss will be eliminated by cutting costs again. We will fall down the league and the downward spiral will continue until we have equilibrium between income and costs.

The ‘if we build it they will come’ approach of running up debt to improve performances to generate income didn’t work, Curle. Therefore, the only way to go is cost control, that is what Holdsworth does. Ensures we don’t spend vast wages again on players that aren’t worth them.

Maxim Business Park was, at least as I was told, a classic failed ‘if we build it, they’ll come’ project. They simply built a business park with no plan to fill the buildings. The price collapsed and the bank at least lost its money. Laffy may have different/ better details than me, I wasn’t involved. Its relevant here because it shows that spending money in the hope customers will come doesn’t work.
1 month ago
It's different for shopping centres / business parks though as you will get firms signing up to fill as yet unbuilt premises. That doesn't really happen for commerce that relies on individuals, they have to do market research to see if enough people would turn up at what price to make it worthwhile. I wonder if CUFC have ever done that?
1 month ago
Not interested in tax law Mush?


No.
1 month ago
It's different for shopping centres / business parks though as you will get firms signing up to fill as yet unbuilt premises. That doesn't really happen for commerce that relies on individuals, they have to do market research to see if enough people would turn up at what price to make it worthwhile. I wonder if CUFC have ever done that?


The cash position declined by a million while Curle was manager. Difficult to see what more evidence than that we would need.

If we earn from transfers £2m more than is required to pay Day's pals, Clibbins will stick it on deposit and release it at £400k pa, for 5 years. He is buying 5 years of stability. He has no faith that success on the field will result in increased income because it hasn't in the past. So after 5 years, with a little hope and a little luck, we'll end up right back where we started.
1 month ago
Morning Marko

The whole deal was structured around a c £150m rent deposit which gave 11 years cover.The bank grabbed it in 2010 so it was doomed to short term failure.

The fact is it’s now flourishing.

The parallel with Carlisle is the stadium can be built was some financial engineering but it needs Council support.I don’t disagree on the club finances-I have been a critic of the Curle regime for a long while.

My view is based around sorting the stadium issue out before speculating elsewhere.Otherwise you are potentially building on sand
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