TOPIC: When is Mullen going to spill the beans

On the offer that has been made to Jenkins? Well ...,,,,,,

Mullen struggles to get the lid off a tin of beans never mind spill them, If he had any crack to would already be on here, He wouldn't of been able to hold it in.
So it looks like his "source" has dried up.

What would you like to know paddock?

If you looked through other threads you would be able to find your answer.

What happened to the offer and talk of going public if it failed.

The offer got rejected
No idea, i thought they were going to also, i shall ask.

Which one?

Will we be stuck with Andrew Jenkins until he passes away, as he doesn't seem to want to give up 'his' club?

Mashie Niblick wrote:
And there in lies a can of worms! The club would then be in debt to his family, what might they do?

Ta! Mullen I think these people should go public. They need to show exactly how deceitful and untrustworthy or owners are. Along with the made up billionaire and then saying nobody wants to buy the club they need to be down up for what they are in a very public way.

Got some more info re this, came 2nd hand so as much as I know.


The private offer made to Andrew Jenkins for his shares and to restructure the Football Clubs debts to both him and and his company Pioneer expired on Dec 31st 2015 with no agreement reached

It became clear early in the process that Mr Jenkins was not in the slightest bit interested in the offer which would in exchange for his current shareholding have returned him almost 75% of what he.s owed over a 4 year period

The party making this offer are now in discussions with the principals of two other clubs and will have no further interest in acquiring Mr Jenkins shareholding in Carlisle United but would like to wish the club and its supporters all the best for the rest of the season and beyond

Mullen103 wrote:
He's bonkers to expect any money back from a company he owns 37% of and he can't stop running at a loss,

To me it's a bit like trying to buy a rundown house and being told by the current owners you're expected to pay off a second mortgage they took against it. That's your [censored] problem mate I'd say. Mebbe. I'm right naive me.

orfc wrote:
I reckon that's pretty much it orfc

That's equity for you!

The club will still owe AJ cash,despite this season.Without him,the Club will need new external investment sometime and the Trust still holds the key

orfc wrote:
Apart from if you said aye fair enough go on then we'll pay it. Youd then be expected to wait for a period of time and theyd then say you either werent right for the house or you couldnt raise the funds. Oh you missed the bit out where they said their mad son with the Napoleon complex would retain his bedroom.

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