Guest mkowl Posted February 21, 2021 Share Posted February 21, 2021 Just now, Essix Blue said: Hasn’t grandad posted it? No that is a legal charge to show there is a loan. How and when the loan itself came into existence is not on any public record. DC stated this was a loan to the club that he took on as part of the acquisition of the shares, fairly common that is the issue with buying a company. Post transfer of the stadium to a new legal entity, the lender has demanded this old debt becomes a secured debt against the stadium. So changing the status of the existing debt not new debt Link to comment Share on other sites More sharing options...
ANDY Posted February 21, 2021 Share Posted February 21, 2021 7 minutes ago, mkowl said: No that is a legal charge to show there is a loan. How and when the loan itself came into existence is not on any public record. DC stated this was a loan to the club that he took on as part of the acquisition of the shares, fairly common that is the issue with buying a company. Post transfer of the stadium to a new legal entity, the lender has demanded this old debt becomes a secured debt against the stadium. So changing the status of the existing debt not new debt do we know who this lender is ? Link to comment Share on other sites More sharing options...
Jack of Clubs Posted February 21, 2021 Share Posted February 21, 2021 1 hour ago, Essix Blue said: So in effect the ground is mortgaged? So DC is okaying Monopoly with us? Can anyone smart enough stick DCs face onto the Monopoly (Waddington’s) guy. I’ll then use that as my new profile pic. Link to comment Share on other sites More sharing options...
McRightSide Posted February 21, 2021 Share Posted February 21, 2021 There’s a moratorium on enforcement by HMRC at the moment I would guess we have a massive tax bill to pay, along with others Moratorium ends March 31st Link to comment Share on other sites More sharing options...
Guest mkowl Posted February 21, 2021 Share Posted February 21, 2021 11 minutes ago, ANDY said: do we know who this lender is ? The charge is registered to New Avenue Projects Limited, but I don't think they are the lender more brokered it. So the answer is no Link to comment Share on other sites More sharing options...
ANDY Posted February 21, 2021 Share Posted February 21, 2021 6 minutes ago, mkowl said: The charge is registered to New Avenue Projects Limited, but I don't think they are the lender more brokered it. So the answer is no not the stadium money lender. the original lender that wanted the security against the stadium hence the loan. Link to comment Share on other sites More sharing options...
S36 OWL Posted February 21, 2021 Share Posted February 21, 2021 2 hours ago, youngowl said: So if the club went into administration who would own the ground if the dummy company had not paid for it. Probably the loan company who Chansiri borrowed off and used the ground as security. Link to comment Share on other sites More sharing options...
Marro Posted February 21, 2021 Share Posted February 21, 2021 Spoiler Here is the extract from the Charge registered at Companies House Link to comment Share on other sites More sharing options...
Animis Posted February 21, 2021 Share Posted February 21, 2021 3 minutes ago, Marro said: Reveal hidden contents Here is the extract from the Charge registered at Companies House Full public details: https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/kHB9Bx7GwbxBaSNr71ze8KtrD186JLz9A0I7NMLYDV0/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3KAERHTWX%2F20210221%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20210221T103717Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEK7%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaCWV1LXdlc3QtMiJIMEYCIQDLBEkqteptJhIsPtdXqFUN7gkbLDA4Zo9uVnxAPYZvogIhAKUK3uXOGmEz0Sam5J1M0cIgDHeaPO0yNVJ%2FbbydQQzOKr0DCLb%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEQAxoMNDQ5MjI5MDMyODIyIgx4eshlQCnfSm7zZZIqkQNt3Ap7rFMWAFZAwBhezQUc2bRV%2F%2BPjBLYJMG8087hLY0hbx7SZ7kDb1LG1Rfe4oknRvB9V5IM6Nfcqzwe89aT6l7Ddlk3JDR5W%2FHsCfpDARCRrFgsYxaE8%2BPQtFG%2F3glzjicvvB1wn8DnuaXVEkIiyPnlMdkYSew%2Fl1RjeTPDfHEagmjgUkb2SnEr%2F14CnwF9hR%2BmkugyGQhzSrJHFzZ5cWJEu7%2FQArRWKbYQfBrcme1p3%2BUoAO0PmFPHTBjKNpGwyQIkhA0XXwdOZUC2mEY45vpfwXlt5lk9pqW6hswdGZphPcUZJwTvzWn0rKiRZIdCXgr7UBS9nXuygkLpAin%2BupDrJHNvB8OAHdVTnzFxZv1yiV9W5K%2BzS5GTIPCBr1I69a8xWGJ2NuGDRy5uMB1YtOPLhd9fTBIEypozuvsT0gcsbhMMVh%2FR4xmWsU7BBlsWijP7BxhNNxXu6daWf7vRw580gH%2B5Hq5pCTkZ2cmKj%2FR047QZ7sJ45L1pcc3ifeU4D%2BSpHBMzDPfJTj726gtu0WjCL3seBBjrqAUGATqJC9ZcUWu6JbGmUuuJU9Q%2BJRYVV7oXvqLAkGonQnVdmbULJEZw7TOyCJvRCQdoFbpM7m%2FLr79C0PuzUc4aDJ9CFdSqT102wURpltIHPJ7OJeUE2sGp9ctk0pw6kz3G9v%2B5w8T8DHCb2mX5FLEdaeQ2BDsdyYTmexdFYuvrRssz3Gtc2nmlz3%2BthtxE62EfxbTpkrimJYr0Gd8Kn96uWPWidFAq9ntj8mn8McX6Fni90cu9SBMkQaLGYDE3wUkE1cd35eC%2B8SUVFi8%2FautzCzhi8%2Fn%2BRnsP8sEl78KkKXq%2Bub85XaODPug%3D%3D&X-Amz-SignedHeaders=host&X-Amz-Signature=f83c8b736c27c1a78e71f01b68621eefc02e7290957953086207397dd7e11683 Link to comment Share on other sites More sharing options...
Guest Grandad Posted February 21, 2021 Share Posted February 21, 2021 (edited) Is it normal for the charge to be registered with the broker rather than the lender? Edited February 21, 2021 by Grandad Link to comment Share on other sites More sharing options...
Stevelknievel Posted February 21, 2021 Share Posted February 21, 2021 3 hours ago, youngowl said: So if the club went into administration who would own the ground if the dummy company had not paid for it. Yep, it’s was and asset stripping exercise IM(not in the know)O. I suspect Chansiri wants done kind of an insurance policy to ensure he can get some money back if it really goes wrong. The guy is the big danger our club and fans need to start waking up to that fact before we end up as a Chalton/Hull/Wigan or worse. Link to comment Share on other sites More sharing options...
Guest Grandad Posted February 21, 2021 Share Posted February 21, 2021 1 minute ago, Stevelknievel said: Yep, it’s was and asset stripping exercise IM(not in the know)O. I suspect Chansiri wants done kind of an insurance policy to ensure he can get some money back if it really goes wrong. The guy is the big danger our club and fans need to start waking up to that fact before we end up as a Chalton/Hull/Wigan or worse. Sadly there's a significant number of our fans who'd still reckon it's all part of a huge master plan when Hillsboro has been bulldozed, they've started building commercial units on the land, Wednesday are lining up against Hallam FC in Hillsborough Park and Chansiri hasn't visited England for 5 years Link to comment Share on other sites More sharing options...
Johnny Concrete Posted February 21, 2021 Share Posted February 21, 2021 3 minutes ago, Grandad said: Sadly there's a significant number of our fans who'd still reckon it's all part of a huge master plan when Hillsboro has been bulldozed, they've started building commercial units on the land, Wednesday are lining up against Hallam FC in Hillsborough Park and Chansiri hasn't visited England for 5 years "He's just been badly advised" Or something along those lines 1 Link to comment Share on other sites More sharing options...
Guest Hornsby Posted February 21, 2021 Share Posted February 21, 2021 3 hours ago, mkowl said: The charge is registered to New Avenue Projects Limited, but I don't think they are the lender more brokered it. So the answer is no Thats a front entity for a sports vulture fund that helped crash Watford before Pozzo bought on banhruptcy verge. Our agreement has been posted on here, states full repayment of £6.5 million by this September. Otherwise, we lose stadium. Link to comment Share on other sites More sharing options...
bobness Posted February 21, 2021 Share Posted February 21, 2021 13 hours ago, Utah Owl said: Chansiri playing a blinder? Only in the sense that he''s blind to reality! "Thank you... I think" Link to comment Share on other sites More sharing options...
sherlyegg Posted February 21, 2021 Share Posted February 21, 2021 15 hours ago, Derick Mills said: , I think if it's HRMC then it's liquidation Once HMRC get involved then it's as good as over..though due to covid they have said any company struggling will be given time...some have said they will even allow up to 24hrs Link to comment Share on other sites More sharing options...
Guest Hornsby Posted February 21, 2021 Share Posted February 21, 2021 2 hours ago, Grandad said: Is it normal for the charge to be registered with the broker rather than the lender? Same mob that nutty Watford owner used, pre Pozzo. Have a Google. Worrying what Hornets fans thought of their role in trying to destroy club. Link to comment Share on other sites More sharing options...
Guest Hornsby Posted February 21, 2021 Share Posted February 21, 2021 5 hours ago, mkowl said: Nope - the 7.5m was simply from the accounts in 2018. The total was 60m and it was disclosed that 7.5m was payable in one year and the rest in equal annual instalments. That is part A Part B is that SWFC owes S3 for rent. I have no idea what that rent is. There are clues within the EFL appeal legal shizzle that the valuation of 60m was derived from a rental yield calculation. So its been suggested the rent will be in the region of 4m a year to achieve that. The two will be offset so S3 has to contribute a net 3.5m in cash. Let's not forget real cash will have to be going in. There is no shuffling the chairs - its real money. The delays in getting that in are why the players are late being paid Panel stated £3 million annual rent, ie more than West Ham pay. Whats ramifications please if cant get going concern sign off? Link to comment Share on other sites More sharing options...
Marpals Posted February 21, 2021 Share Posted February 21, 2021 1 hour ago, Hornsby said: Thats a front entity for a sports vulture fund that helped crash Watford before Pozzo bought on banhruptcy verge. Our agreement has been posted on here, states full repayment of £6.5 million by this September. Otherwise, we lose stadium. Nothing to worry about then. If we are struggling to pay in September just sell Barry Bannan. DC knew what he was doing getting him to sign that new contract. Link to comment Share on other sites More sharing options...
Guest Hornsby Posted February 21, 2021 Share Posted February 21, 2021 14 minutes ago, Marpals said: Nothing to worry about then. If we are struggling to pay in September just sell Barry Bannan. DC knew what he was doing getting him to sign that new contract. Or the £150 million sponsorship deal is signed. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now