The EWM Thread

More
20 Mar 2017 18:08 #51 by seesaw50
Replied by seesaw50 on topic The EWM Thread
Presumably there are no other charges on the ground then

To have been born Cumbrian
is to have won the lottery of life !

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 18:12 #52 by Laffy
Replied by Laffy on topic The EWM Thread
It's called control-without a degree of control why give a load of money to support the equity?

We obviously don't know whether the loan involves AJ/Pioneer loans being taken out.I suspect not as it's not exactly been given a fanfare.

At the end of the day,I think this is a good move for the Club despite the lack of detail

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 18:15 #53 by munchymagic
Replied by munchymagic on topic The EWM Thread
Come the end of the season Jenkins debt will probably have mysteriously risen to two and a half million pounds, it is like burning money giving those three anything.

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 18:21 #54 by Dancingbear
Replied by Dancingbear on topic The EWM Thread

Laffy wrote: It's called control-without a degree of control why give a load of money to support the equity?

We obviously don't know whether the loan involves AJ/Pioneer loans being taken out.I suspect not as it's not exactly been given a fanfare.

At the end of the day,I think this is a good move for the Club despite the lack of detail


But Andrew as i suggested above doesnt it put us in the same position as we were in before Story waived his loan? I hope its the start of a takeover but if it isnt and nothing changes then i fail to see how were better off. Id be reluctant to trust the clowns in charge to spend 10p wisely.

There's only one way of life and that's your own!!!

Please Log in or Create an account to join the conversation.

  • Bruntonpasty
  • Bruntonpasty's Avatar
  • Offline
  • First Team Player
  • First Team Player
More
20 Mar 2017 18:31 #55 by Bruntonpasty
Replied by Bruntonpasty on topic The EWM Thread

seesaw50 wrote: Presumably there are no other charges on the ground then


I may be wrong but I suspect that would not be possible. Think about your own home, could two lenders have charges over it? if you defaulted on one mortgage How could they repossess it if another lender had a charge over it? This is why it doesn't happen, I may be wrong?

They don't like it up 'em!
The following user(s) Liked this post:: seesaw50, munchymagic

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 18:32 #56 by High Street
Replied by High Street on topic The EWM Thread

Dancingbear wrote:

Laffy wrote: It's called control-without a degree of control why give a load of money to support the equity?

We obviously don't know whether the loan involves AJ/Pioneer loans being taken out.I suspect not as it's not exactly been given a fanfare.

At the end of the day,I think this is a good move for the Club despite the lack of detail


But Andrew as i suggested above doesnt it put us in the same position as we were in before Story waived his loan? I hope its the start of a takeover but if it isnt and nothing changes then i fail to see how were better off. Id be reluctant to trust the clowns in charge to spend 10p wisely.


10 cola bottles.
The following user(s) Liked this post:: Dancingbear

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 18:34 #57 by NORTHERNSOUL
Replied by NORTHERNSOUL on topic The EWM Thread

Gadge wrote: Forgive my ignorance in such matters, but is taking another loan (not investment) not just putting us deeper in the s***? Of course it seems this is all speculative until we know the detail and in past performance, I'm not holding my breath on that one.


Well its either one hell of a massive loan or theres a lot more too it

Surely if cash was needed it would of been better for Jenkins to go out and borrow it at a low rate of interest rather than giving up his security blanket of the charge on the ground i.d say this makes him pretty susceptible to a hostile takeover with no way to protect his loans.
The following user(s) Liked this post:: Bruntonpasty

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 18:38 #58 by DeckchairBlue
Replied by DeckchairBlue on topic The EWM Thread

Mullen103 wrote:

Dancingbear wrote: Would the trust not have to be agreeable to a loan from a outside agency that includes a charge on the ground? Is that not the very thing they're supposed to protect?


You'd of thought something like that would of gone to the trust.

There's 2 scenarios either the trust don't know about it, which is unlikely, or the 1921 rep has ok'd it without going to the members.


Surely the point of having a director on the clubs boards and a Trust board is so they don't have to ask the members every time they get asked anything.

That is the whole point of electing a board isn't it ?

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 18:43 #59 by NORTHERNSOUL
Replied by NORTHERNSOUL on topic The EWM Thread

Dancingbear wrote: Would the trust not have to be agreeable to a loan from a outside agency that includes a charge on the ground? Is that not the very thing they're supposed to protect?


Probably not unfortunately as their shareholding would give them a say if it was the holding company but it seems the money has been lent not to them but to 1921 directly.but still surely holdings would have the say on the charge as ultimately the stadium belongs to it

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 18:45 #60 by Laffy
Replied by Laffy on topic The EWM Thread
I'm only guessing but this feels like change to me-in a positive way but probably borne out of lack of cash.The stadium has no value other than as a stadium so mortgaging it to a new lender is probably more about control.Be thankful it's not some dodgy Syrian with a aggrophobia
The following user(s) Liked this post:: seesaw50

Please Log in or Create an account to join the conversation.

  • Bruntonpasty
  • Bruntonpasty's Avatar
  • Offline
  • First Team Player
  • First Team Player
More
20 Mar 2017 18:47 #61 by Bruntonpasty
Replied by Bruntonpasty on topic The EWM Thread
Another thing about our club that seems to cause more problems than it solves, two boards!! That needs sorting out too come the day of reckoning.

They don't like it up 'em!

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 18:47 #62 by Lakelandterrier
Replied by Lakelandterrier on topic The EWM Thread
I think this loan may be substantial enough to pay off PFD loan and the money owed the EWM will be converted into shares, equivalent to AJ. I think AJ will wave his personal loan to club.
Others monies from the loan will pay wages.
I see this as a positive step, if it is something like that.
Phillip Day will attract more investment.

Cumbrian and Proud
The following user(s) Liked this post:: seesaw50

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 18:55 #63 by DeckchairBlue
Replied by DeckchairBlue on topic The EWM Thread

NORTHERNSOUL wrote:

Dancingbear wrote: Would the trust not have to be agreeable to a loan from a outside agency that includes a charge on the ground? Is that not the very thing they're supposed to protect?


Probably not unfortunately as their shareholding would give them a say if it was the holding company but it seems the money has been lent not to them but to 1921 directly.but still surely holdings would have the say on the charge as ultimately the stadium belongs to it


Holdings would definitely have to have signed off on it.

When they did the board restructuring, putting King, Clibbens and Kidd on the 1921 board and the Owners know the Holdings, they said that 1921 was for day-to-day running of the club and Holdings was for long term.

Taking a loan which is secured on the ground seems like a long term thing, not day-to-day

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 19:00 #64 by NORTHERNSOUL
Replied by NORTHERNSOUL on topic The EWM Thread

Croydonblue wrote: An excellent question. We do have a lovely board on the Warwick roof advertising Newcastle Airport. Other than that answers on a postcard please.


Not really anything to do with King

A simple 15 grand investment done to stop the new city international airport using the club as a cheap but very effective publicity vehicle. Myself i would of rather had Stobbarts back involved.

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 19:02 #65 by NORTHERNSOUL
Replied by NORTHERNSOUL on topic The EWM Thread

munchymagic wrote: Even if this guy gave us ten million, what use is it until the end of the season - couldn't he have gave us it in January?

Just saying like :)


Wouldnt of been any use then either as its only a loan and doesnt increase whats allowable under the protocol

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 19:03 #66 by kells
Replied by kells on topic The EWM Thread

Bruntonpasty wrote:

seesaw50 wrote: Presumably there are no other charges on the ground then


I may be wrong but I suspect that would not be possible. Think about your own home, could two lenders have charges over it? if you defaulted on one mortgage How could they repossess it if another lender had a charge over it? This is why it doesn't happen, I may be wrong?


Quite possible for there to be others charges on a home (I used to arrange 2nd charges), so stands to reason there could be others on a football stadium

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 19:07 #67 by munchymagic
Replied by munchymagic on topic The EWM Thread

NORTHERNSOUL wrote:

Croydonblue wrote: An excellent question. We do have a lovely board on the Warwick roof advertising Newcastle Airport. Other than that answers on a postcard please.


Not really anything to do with King

A simple 15 grand investment done to stop the new city international airport using the club as a cheap but very effective publicity vehicle. Myself i would of rather had Stobbarts back involved.


The Stobarts of today is a different beast compared to the one that used to sponsor us.

They have moved loads of their operations from Carlisle down to Warrington hence their Rugby connections in the area.

Maybe if Edward was still around and involved in Stobarts they might have continued the sponsorship, think they are half German owned now anyhow so less connected to Carlisle.

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 19:10 #68 by NORTHERNSOUL
Replied by NORTHERNSOUL on topic The EWM Thread

CarlisleWhite wrote: Must be missing something here - how is it good news that we are borrowing more money with no sign of any discernible change, especially to the money owed to Jenkins and Pioneer?
Just seems to be pushing things further down the track.
I suppose we will have to see the conditions and associated changes to the set up.
Part of Trust share going to PD anyone?


Or maybe EWM putting the money in to allow Jenkins to take it out to settle one of his loans with a veiw to buying the second tranche of Jenkins shares for a nominal sum in the near future.

No facts behind this just possible scenarios

But if the above were true we could of lost a 750k loan in exchange tor a 250k one reducing our debt by half a million quid.and possibly got a real big hitter back onto the board

Please Log in or Create an account to join the conversation.

  • Bruntonpasty
  • Bruntonpasty's Avatar
  • Offline
  • First Team Player
  • First Team Player
More
20 Mar 2017 19:11 #69 by Bruntonpasty
Replied by Bruntonpasty on topic The EWM Thread

kells wrote:

Bruntonpasty wrote:

seesaw50 wrote: Presumably there are no other charges on the ground then


I may be wrong but I suspect that would not be possible. Think about your own home, could two lenders have charges over it? if you defaulted on one mortgage How could they repossess it if another lender had a charge over it? This is why it doesn't happen, I may be wrong?


Quite possible for there to be others charges on a home (I used to arrange 2nd charges), so stands to reason there could be others on a football stadium




I did say I may be wrong!:P

They don't like it up 'em!
The following user(s) Liked this post:: kells

Please Log in or Create an account to join the conversation.

  • Bruntonpasty
  • Bruntonpasty's Avatar
  • Offline
  • First Team Player
  • First Team Player
More
20 Mar 2017 19:15 #70 by Bruntonpasty
Replied by Bruntonpasty on topic The EWM Thread

Bruntonpasty wrote:

kells wrote:

Bruntonpasty wrote:

seesaw50 wrote: Presumably there are no other charges on the ground then


I may be wrong but I suspect that would not be possible. Think about your own home, could two lenders have charges over it? if you defaulted on one mortgage How could they repossess it if another lender had a charge over it? This is why it doesn't happen, I may be wrong?


Quite possible for there to be others charges on a home (I used to arrange 2nd charges), so stands to reason there could be others on a football stadium




I did say I may be wrong!:P



If there are other charges, there would have to be agreement between all parties before the new charge could be added? Is this correct?

They don't like it up 'em!

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 19:23 #71 by seesaw50
Replied by seesaw50 on topic The EWM Thread

Bruntonpasty wrote:

seesaw50 wrote: Presumably there are no other charges on the ground then


I may be wrong but I suspect that would not be possible. Think about your own home, could two lenders have charges over it? if you defaulted on one mortgage How could they repossess it if another lender had a charge over it? This is why it doesn't happen, I may be wrong?


Depends on loan to equity maybe ...am sure you're right Brunton tho. But like I said the stadium is probably unsalable.... Flood plain...poss covenant stating for Sporting use only. How can a loian be secured against it ..and as Laffy said it must be a sizeable loan to need security. How do they propose to start repayments , when we haven't paid anything off AJs "loans".....or have we???

To have been born Cumbrian
is to have won the lottery of life !

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 19:31 - 20 Mar 2017 19:34 #72 by NORTHERNSOUL
Replied by NORTHERNSOUL on topic The EWM Thread

munchymagic wrote:

NORTHERNSOUL wrote:

Croydonblue wrote: An excellent question. We do have a lovely board on the Warwick roof advertising Newcastle Airport. Other than that answers on a postcard please.


Not really anything to do with King

A simple 15 grand investment done to stop the new city international airport using the club as a cheap but very effective publicity vehicle. Myself i would of rather had Stobbarts back involved.


The Stobarts of today is a different beast compared to the one that used to sponsor us.

They have moved loads of their operations from Carlisle down to Warrington hence their Rugby connections in the area.

Maybe if Edward was still around and involved in Stobarts they might have continued the sponsorship, think they are half German owned now anyhow so less connected to Carlisle.


But arent you confusing whats now two separate companies ?

I was referring to the services company
Last edit: 20 Mar 2017 19:34 by NORTHERNSOUL.

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 20:00 #73 by seesaw50
Replied by seesaw50 on topic The EWM Thread

Bruntonpasty wrote: Another thing about our club that seems to cause more problems than it solves, two boards!! That needs sorting out too come the day of reckoning.


Two boards Brunton

Board 1 Holdings ......for secret meetings and hatching up unbelievable schemes

Board 2 1921 ............for all other club business that Board 1 can't be bothered with.

Hopefully Board 1 won't be able to continue in secret now CUOSC are on "board"

To have been born Cumbrian
is to have won the lottery of life !

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 20:02 #74 by pacirv
Replied by pacirv on topic The EWM Thread
I wouldn't lend the three amigos a couple of pence, if this is a lead in to him taking over the club then great if it is only a loan to the owners then our decline will continue.

Please Log in or Create an account to join the conversation.

  • Bruntonpasty
  • Bruntonpasty's Avatar
  • Offline
  • First Team Player
  • First Team Player
More
20 Mar 2017 20:06 #75 by Bruntonpasty
Replied by Bruntonpasty on topic The EWM Thread

seesaw50 wrote:

Bruntonpasty wrote: Another thing about our club that seems to cause more problems than it solves, two boards!! That needs sorting out too come the day of reckoning.


Two boards Brunton

Board 1 Holdings ......for secret meetings and hatching up unbelievable schemes

Board 2 1921 ............for all other club business that Board 1 can't be bothered with.

Hopefully Board 1 won't be able to continue in secret now CUOSC are on "board"



Hmmmmm? we shall see!

They don't like it up 'em!

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 20:07 #76 by Micktaitwasard
Replied by Micktaitwasard on topic The EWM Thread

pacirv wrote: I wouldn't lend the three amigos a couple of pence, if this is a lead in to him taking over the club then great if it is only a loan to the owners then our decline will continue.



We'll have to let it take its course, but I have to admit to being cautiously optimistic on this one.

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 20:29 #77 by carwash
Replied by carwash on topic The EWM Thread

Bruntonpasty wrote: Whatever you think about Mr Day, this prevents the others raising money against the ground to repay themselves like Knighton did. Has Mr Day put this money in place to repay PFD as suggested further up? time will tell, but now there is one club asset that the BOD have less control over, Mr Day has a foot well wedged in the door now it would appear.


Almost certainly PFD will be repaid from EWM's loan. PFD filed its accounts to the end of April 2016 in January 2017. Nobody noticed that the loan to CUFC (1921) which then stood at £690,750 had become repayable within 12 months. i.e. by 30th April 2017 at the latest. On that basis the loan from EWM may just be a round £1 million.
The following user(s) Liked this post:: CCU, thetashkentterror

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 20:31 - 20 Mar 2017 20:32 #78 by Kangshung
Replied by Kangshung on topic The EWM Thread
Got to view this with caution until some kind of briefing comes from somewhere. Don't want to read something into this that isn't there, but it sounds very much like a major play is being made?

Hopefully the club and Mr Day will issue some kind of press release to clarify the situation?
Last edit: 20 Mar 2017 20:32 by Kangshung.

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 20:40 #79 by Dancingbear
Replied by Dancingbear on topic The EWM Thread

Kangshung wrote: Got to view this with caution until some kind of briefing comes from somewhere. Don't want to read something into this that isn't there, but it sounds very much like a major play is being made?

Hopefully the club and Mr Day will issue some kind of press release to clarify the situation?


You'd hope so otherwise why would Philip Day loan the club a sum of money he knows he's highly unlikely to get back to allow the club to pay a loan back to the clubs owners other company.

There's only one way of life and that's your own!!!
The following user(s) Liked this post:: seesaw50

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 20:45 #80 by munchymagic
Replied by munchymagic on topic The EWM Thread
Just no getting rid of them three is there - Rentokill wouldn't even touch this job, you get rid of one of them and he just grows back again.

Now that the new money has acted as fertiliser they will be more cocky than ever, especially now the season ticket sales shortfall has been covered.
The following user(s) Liked this post:: Dancingbear

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 20:59 #81 by Kangshung
Replied by Kangshung on topic The EWM Thread
So, is this Philip Day making a play with a view to a takeover?

Is it a case of him paying off the debt to AJ in an attempt to make the club more attractive to other potential investors?

Is it something else altogether?

Please Log in or Create an account to join the conversation.

  • Bruntonpasty
  • Bruntonpasty's Avatar
  • Offline
  • First Team Player
  • First Team Player
More
20 Mar 2017 21:12 #82 by Bruntonpasty
Replied by Bruntonpasty on topic The EWM Thread
I can't imagine he's done this out of pure benevolence, put a big sum in for it to potentially disappear immediately? Nah! Can't see it, people like him don't do that, or at least not in this way. He has remember, put a charge on the ground against this loan, it's got a big string attached right there. Let's hope the next string to come out is Nixon and Patty's quick departure.

They don't like it up 'em!

Please Log in or Create an account to join the conversation.

  • Dentonholmersimpson
  • Offline
  • Reserve Squad
  • Reserve Squad
More
20 Mar 2017 21:13 #83 by Dentonholmersimpson
Replied by Dentonholmersimpson on topic The EWM Thread
He is local and has got more money than anyone else in Cumbria.

He has an obvious affection for the club and is the perfect candidate to most CUFC fans.

He has obviously got his head screwed on and is a serious business man.

Which begs the obvious question.

Why would anyone chuck their money at a football club just to get a load of abuse if things don't go to plan?

How do you become a millionaire by buying a football club?

Start off as a billionaire.
The following user(s) Liked this post:: Bruntonpasty

Please Log in or Create an account to join the conversation.

  • Bruntonpasty
  • Bruntonpasty's Avatar
  • Offline
  • First Team Player
  • First Team Player
More
20 Mar 2017 21:21 #84 by Bruntonpasty
Replied by Bruntonpasty on topic The EWM Thread

Dentonholmersimpson wrote: He is local and has got more money than anyone else in Cumbria.

He has an obvious affection for the club and is the perfect candidate to most CUFC fans.

He has obviously got his head screwed on and is a serious business man.

Which begs the obvious question.

Why would anyone chuck their money at a football club just to get a load of abuse if things don't go to plan?

How do you become a millionaire by buying a football club?

Start off as a billionaire.




I agree with all of that but would add, Do you become a billionaire by being popular all the time? Generally these folks are able to deal with being unpopular and expect it as part of the territory.

They don't like it up 'em!

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 21:22 #85 by twolegs
Replied by twolegs on topic The EWM Thread
The Edinburgh Woollen Mill Stadium? When people are desperate you have a very good bargaining position.

Please Log in or Create an account to join the conversation.

  • Bruntonpasty
  • Bruntonpasty's Avatar
  • Offline
  • First Team Player
  • First Team Player
More
20 Mar 2017 21:27 #86 by Bruntonpasty
Replied by Bruntonpasty on topic The EWM Thread
Jumpers for goalposts?;)

They don't like it up 'em!
The following user(s) Liked this post:: Kangshung, Zebby, kells, Gadge

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 21:30 #87 by shaldon1
Replied by shaldon1 on topic The EWM Thread
I am 100% confident in Philip Day. He has huge backing in the city of London and more important respect. His predecessor at EWM David Stevenson is an equally respected person and knowing David as I do I knew he would sell EWM only to someone who would carry the EWM banner to the ultimate for the benefit of all the staff.If Philip comes on board which seems very likely then I think the club will be in very good hands for the future. However, as supporters we must not expect fireworks although Days strategy is move quickly to build things up.
What I would like to say is that AJ in particular has always had the club at heart and always will and I knew that he would not sell the club down the river and if this comes off he should be truly thanked for all he has done for Carlisle United.

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 21:30 #88 by Kangshung
Replied by Kangshung on topic The EWM Thread
Reports say he is/was worth 1.05 billion.

He can remain a billionaire whilst spending £50,000,000 building us a new ground and establishing us as a self-sufficient second tier club :woohoo:

No, I'm not serious.

Please Log in or Create an account to join the conversation.

  • Dentonholmersimpson
  • Offline
  • Reserve Squad
  • Reserve Squad
More
20 Mar 2017 21:31 #89 by Dentonholmersimpson
Replied by Dentonholmersimpson on topic The EWM Thread

Bruntonpasty wrote:

Dentonholmersimpson wrote: He is local and has got more money than anyone else in Cumbria.

He has an obvious affection for the club and is the perfect candidate to most CUFC fans.

He has obviously got his head screwed on and is a serious business man.

Which begs the obvious question.

Why would anyone chuck their money at a football club just to get a load of abuse if things don't go to plan?

How do you become a millionaire by buying a football club?

Start off as a billionaire.




I agree with all of that but would add, Do you become a billionaire by being popular all the time? Generally these folks are able to deal with being unpopular and expect it as part of the territory.


In hindsight you are probably right, I think it's all the abuse and vitriol on here at the slightest opportunity,mostly all cyber warriors.

If you look at the protest last week it looked like the junior supporters club, photos I saw there looked to be 2 or 3 over fifteen.

Most will spout off on here but would not say boo to goose given the chance.

But there are always the odd nutter who might take things too far.

Not aimed at MRF by the way.

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 21:56 #90 by Alan
Replied by Alan on topic The EWM Thread
I wouldn't get too giddy about this as a couple of wins will see a "mystery overseas investor" appear and Day will be given his money back and told to wait for 5 to 10 days whilst they have "talks".
The following user(s) Liked this post:: Wukkie, markredfox73, munchymagic

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 22:26 #91 by seesaw50
Replied by seesaw50 on topic The EWM Thread
Hey Alan son, dijd you have a picture of Derwent Water on North News tonight

To have been born Cumbrian
is to have won the lottery of life !

Please Log in or Create an account to join the conversation.

More
20 Mar 2017 23:01 - 20 Mar 2017 23:02 #92 by DeckchairBlue
Replied by DeckchairBlue on topic The EWM Thread

seesaw50 wrote:

Bruntonpasty wrote:

seesaw50 wrote: Presumably there are no other charges on the ground then


I may be wrong but I suspect that would not be possible. Think about your own home, could two lenders have charges over it? if you defaulted on one mortgage How could they repossess it if another lender had a charge over it? This is why it doesn't happen, I may be wrong?


Depends on loan to equity maybe ...am sure you're right Brunton tho. But like I said the stadium is probably unsalable.... Flood plain...poss covenant stating for Sporting use only. How can a loian be secured against it ..and as Laffy said it must be a sizeable loan to need security. How do they propose to start repayments , when we haven't paid anything off AJs "loans".....or have we???


Any charge on a football stadium is basically useless, other than as Laffy said for control, because nobody is every going to want to bear the resentment of kicking a team out if it's ground.

Just look at Rangers, when they went bust they valued Ibrox at about £110m and had debts secured against it, but no one was ever going to be able to realise that value.
Last edit: 20 Mar 2017 23:02 by DeckchairBlue.

Please Log in or Create an account to join the conversation.

More
21 Mar 2017 00:37 #93 by Mortonblue
Replied by Mortonblue on topic The EWM Thread
Philip Day's personal fortune grew by 300 million over the last financial year, believe
Also rumoured to be close to a deal for EWM to take over Jagger fashion clothing firm.
Busy man is Mr Day.

Sent from my SM-G930F using Tapatalk

Please Log in or Create an account to join the conversation.

More
21 Mar 2017 00:38 #94 by Mortonblue
Replied by Mortonblue on topic The EWM Thread
*Jaeger

Sent from my SM-G930F using Tapatalk

Please Log in or Create an account to join the conversation.

More
21 Mar 2017 00:47 #95 by Happyblue
Replied by Happyblue on topic The EWM Thread
Is Phillip day a Carlisle fan, as I'm sure if most of the people on here were worth £1.05 billion that would be giving club money not loaning it.

Owners like the stadium, full of Sh!T

Please Log in or Create an account to join the conversation.

More
21 Mar 2017 00:53 #96 by MerseysideBlue
Replied by MerseysideBlue on topic The EWM Thread

Happyblue wrote: Is Phillip day a Carlisle fan, as I'm sure if most of the people on here were worth £1.05 billion that would be giving club money not loaning it.



If I was worth that much I wouldn't give the club a penny having seen some of the ungrateful [censored] on here! :lol:

The Censor General
The following user(s) Liked this post:: melbourneblues, CCU

Please Log in or Create an account to join the conversation.

More
21 Mar 2017 01:05 #97 by Happyblue
Replied by Happyblue on topic The EWM Thread
I'm not ungrateful to him, i think him being involved could be fantastic for the club, he's a clever businessman , knows how to turn around failing business , knows the importance of keeping up with the times. The club needs dragged into the 21st century hopefully Phillip can do it.

Owners like the stadium, full of Sh!T

Please Log in or Create an account to join the conversation.

More
21 Mar 2017 01:07 #98 by Flatcap
Replied by Flatcap on topic The EWM Thread

Please Log in or Create an account to join the conversation.

More
21 Mar 2017 03:07 #99 by CCU
Replied by CCU on topic The EWM Thread
Jon Colman on Twitter...

EWM charge at #CUFC: CUOSC say their representatives have been "fully involved" in the discussions and decisions leading to the arrangement

CUOSC also say the EWM arrangement with #CUFC "will be beneficial to the club both in the short term and moving forward" @newsandstar


Interesting...

Win or Lose, Up The Blues!

Please Log in or Create an account to join the conversation.

More
21 Mar 2017 03:26 #100 by munchymagic
Replied by munchymagic on topic The EWM Thread
Says nothing - bet there is a confidentiality clause in place.
The following user(s) Liked this post:: Arragorn

Please Log in or Create an account to join the conversation.

Time to create page: 0.480 seconds
Website and all content © Copyright 2019 TheCumbrians.net. All Rights Reserved.