Sunday, 10 October 2021
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In the absence of any satisfactory updates from the club or so-called supporters representatives about succession talks, can anyone explain the details of what’s likely to be involved.

It’s a given that Day is the other party and it’s embarrassing that this is still supposedly confidential information.

We know that the present BOD are bound by their personal guarantees against the PurePay loan.

What happens if a guarantor dies? Presumably the guarantee passes to their estate. But would the guarantee then have to be called in at the point when the estate is distributed?

So are these succession talks to do with Jenkins, Nixon & Pattinson trying to negotiate a settlement that releases them or their respective estates from the guarantees?

And is the glacial progress of the supposed talks to do with the vain hope that “football fortune” ie selling players will reduce the PurePay debt and thereby enable the guarantors to get off more lightly?

Also, how much is each of them in for? Jenkins has significantly more cash than the other two, is he guaranteeing a bigger share of the loan?
BoardAdmin changed the title from Second guessing the succession “talks” to Succession at CUFC — 1 month ago
1 week ago
Did he mention trade creditors?


It was just a comment made that the Club had close to £2.5m of debt. Obviously if you were to draw up a balance sheet as of today the season ticket holders who've paid up front would be treated as creditors on top of the normal trade creditors. It wouldn't look pretty. I don't know about football clubs but other companies have come to the end of their vat deferral concessions which has hit cashflow. The sooner the Club gets the new handout from the Premier League the better.
1 week ago
I would expect trade creditors to be a chunky number but until you see a BS as you say, it’s guesswork.You can’t rely on the accounts as they are filed so long after the year end, they may as well be written in papyrus
1 week ago


AJ will take the flack and for that reason I think AJ will have to put money in in January or be the “owner” that takes us down never to recover.


I thought Huggy had told Starsky & Hutch that the word on the street was AJ's kids have tied his hands and won't let him spunk their inheritance away on fourth division football?

They're all sitting there hoping Henderson goes for £25-30M in January
1 week ago
That’s the word on the street orfc.
Its probably correct, but would they want their Dad to be known as the failure who took Carlisle to non league obscurity. People/supporters have always been gentle towards AJ but his got a lot of vitrol recently.
I imagine his family want him out, but he won’t go and can’t go. The only option is to go against family wishes and put yet more money in.


AJ will take the flack and for that reason I think AJ will have to put money in in January or be the “owner” that takes us down never to recover.


I thought Huggy had told Starsky & Hutch that the word on the street was AJ's kids have tied his hands and won't let him spunk their inheritance away on fourth division football?

They're all sitting there hoping Henderson goes for £25-30M in January


What approximate percentage will we get from Henderson being sold?
1 week ago
May I suggest the Thread further down entitled ‘Dean Henderson’?!

:p
1 week ago
That’s the word on the street orfc.
Its probably correct, but would they want their Dad to be known as the failure who took Carlisle to non league obscurity. People/supporters have always been gentle towards AJ but his got a lot of vitrol recently.
I imagine his family want him out, but he won’t go and can’t go. The only option is to go against family wishes and put yet more money in.


I’ve always thought it was pretty obnoxious to try and restrict your parents or grandparents activities because you want to inherit their cash.

It’s their money until they go, let them do as they please and anything they leave you is a bonus.
You’re giving people advice based on hearsay heilkmoon. Even if it were true what business is it of yours what the Jenkins’s, as a family, do with their money?
1 week ago
Hendo millions comes in

Horseman use the funds to clear the debts and then benevolently hand over their holdings to the trust

Club 100% fan owned. Trust no longer a pointless entity so 3/4 thousand fans sign up

We elect a forward thinking yet prudent board who oversee construction of a new 8000 seater stadium and consolidation in League One

Real ale on tap available from the new sunset suite
1 week ago
You’re giving people advice based on hearsay heilkmoon. Even if it were true what business is it of yours what the Jenkins’s, as a family, do with their money?


AJ did tell me personally when I met him and Lakeland terrier was there I think that he’d be putting no more money into the club on advice from his family and he wanted some back.

Now I agree it’s his money but I also think he has to go back on that and money in in January otherwise he is the owner that took us to obscurity. He is 83, he has decided to be in this position and it’ll be one of the biggest football decisions he has ever made.

We all know Day and his people run the show because they have the debt and make the decisions but they won’t put more money in. It’s up to AJ as Nixon and Patty don’t have a pot to put in and neither do the trust.
Most of you will remember the video that CUOSC brought out in attempt too raise funds. In all fairness it was a decent video, but the bridge between most supporters and them has already been burnt.

That video should be shown to Phillip Day, to the 3 Custodians because we do not need a promo video to tell us what Carlisle United means, they do.

We're 28 games from not having football league team in the city, we might not even have a team anymore.

Think about the jobs that'll go when we go down: An excellent community trust which supports so many younger people, those who work in the ticket office, the stewards, those who work in the bars and serve food on a match day and many, many more.

Those in charge have made their money, they don't need to worry about putting food on the table if the club goes down next season, they can move on.

When the clubs bleeds the city bleeds.
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