Monday, 20 March 2017
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Looks like they have made a loan to the 1921 company-registered at Companies House.
5 years ago
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#178858
Looks like they have made a loan to the 1921 company-registered at Companies House.



That's it! Phillip Day is about to get on to the top table!
5 years ago
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#178859
I can't see any downside to his involvement-he is very smart and will be an asset no doubt
5 years ago
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#178860
He was on the board some time ago. I hope he does have involvement, we need it!
5 years ago
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#178861
Well it looks like they have taken security over the ground so will be a loan I guess.
5 years ago
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#178862
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.
5 years ago
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#178863
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.
5 years ago
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#178864
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!
5 years ago
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#178865
Actually Mullen, you said Day told Jenkins to, 'F off'.
5 years ago
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#178866
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.
5 years ago
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#178867
Were CUOSC aware and/or consulted?
5 years ago
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#178868
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.
5 years ago
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#178869
Anyway i predict that Philip Day will have the club shortly!
5 years ago
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#178870
If they was to be a hostile takeover then this means AJ has no means of securing the loans now for himself and pioneers.
5 years ago
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#178871
Anyone know how big the loan was?
5 years ago
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#178872
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?
5 years ago
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#178873
Is this the time the horsemen are on their way... im off to lidl to buy some cheap plonk....
5 years ago
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#178874
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.
5 years ago
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#178875
How much is the loan or is it not disclosed yet?
5 years ago
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#178876
No news on the amount but it suggests in the news that it must be substantial as a charge over the ground has also been made.
Let's hope that he is willing to invest and hopefully replace AJ, JN & SP.
I am sure he would attract more investment too, both locally and nationally.
5 years ago
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#178878
Is this not likely to be the emergency funds requirement Laffy referred to, as opposed to takeover money.
5 years ago
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#178879
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.
5 years ago
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#178880
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?
5 years ago
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#178881
May be putting two and two together to make five but maybe they already are and have?

There has been recent talk from AJ and others about restructuring and cementing the trust place on the holdings board and this is followed by investment from a new third party - albeit in the form of a loan.

Then as if by magic the shopkeeper appears.

All will be out when the trust briefs its members shortly no doubt...
5 years ago
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#178882
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.
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