Looks like they have made a loan to the 1921 company-registered at Companies House.
Sounds good news. Phil Day is good friends with local businessman Kevin Dobinson from Carlisle Scaffolding. Kevin is the chairman of Warwick wanderers and is a football man through and through and I'm sure these kind of men investing would be perfect for the club.
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.
Cough cough like I said he was interested.
Surprised he invested though(loan) with the current lot after what happened last time, but its a foot well and truly in the door and the type of people we need in the club.
A bit of a kick in the teeth for those people that say the club will die without AJ!
Surprised he invested though(loan) with the current lot after what happened last time, but its a foot well and truly in the door and the type of people we need in the club.
A bit of a kick in the teeth for those people that say the club will die without AJ!
Actually Mullen, you said Day told Jenkins to, 'F off'.
Correct and that's what he said November/December time.
So this payment must of been made recently, i'd say after the "billionaire" fiasco came to an end. It will be interesting to see how it progresses and i'm sure Day has got something out of this, he isn't daft.
Were CUOSC aware and/or consulted?
If its AJ they wouldn't need to but as its a new person/company i'd presume they'd have too.
If they was to be a hostile takeover then this means AJ has no means of securing the loans now for himself and pioneers.
If the budget is set on the previous years average crowds which in 15/16 was 4,838 then why do we need a loan when this seasons average is 5,189?
Chipper is not in the money league needed to buy a football club.
Would make an ideal partner in a Laffy style consortium of investors.
Would make an ideal partner in a Laffy style consortium of investors.
Is this not likely to be the emergency funds requirement Laffy referred to, as opposed to takeover money.
Whether it's emergency funding or not-I think it probably is much needed given recent crowds etc, this has to be good news.It also must be material for it to warrant a mortgage over the stadium,our only real asset other than the FL licence.
The fact it's a loan again emphasises the point about the capital structure of the Club.It also begs the question of how it can be paid back as loans to football clubs usually get written off.
I think this is a very positive step so I'm not fussed about the reasons behind it.
The fact it's a loan again emphasises the point about the capital structure of the Club.It also begs the question of how it can be paid back as loans to football clubs usually get written off.
I think this is a very positive step so I'm not fussed about the reasons behind it.
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?
I think it would be inconceivable for the Trust not to be involved in this but legally I think it's something the Board of 1921 would sanction in conjunction with the stakeholders.The terms will be disclosed in the annual accounts no doubt.
Again,I think this new turn of events is good news for the future though a bit surprised it's not been announced before it appeared at Companies House.
Again,I think this new turn of events is good news for the future though a bit surprised it's not been announced before it appeared at Companies House.
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