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?
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
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
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.
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?
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?
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
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
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.
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