Can Someone Explain ? - Page 4

cashman · 05-09-2009, 10:11

Quote:

Originally Posted by K.S.H

What i can't get my head round is why isn't the Don paying the debt, has he not got it? he said he's not throwing money in, fair enough, everyone has limits, but if he paid this debt off, which he knew about when he bought the club then it would be solvent now, might even start making a profit and he could draw his money back

to me thats self explanatory ken, the guys put a large sum of dosh in the club, (maybe even over stretched a bit) the dosh already invested, he is unlikely to re-coup n i believe he already knew that when he put it in, ya can only stretch so far is my view.

if thats the case, to me anyway speaks volumes of the guy.

Shurm · 05-09-2009, 10:14

I know what your saying I must hold my hand up and say for one reason or another I don't go games anymore were one time I went home and away. I hope what Macca has said happens and it does sound the best route if Mr Oneils intentions are like what he has been saying.

Lost touch recently with events just couldn't get my head round some of the alternatives to the club. Good luck to everyone fundraising...... See you all on Friday night then.

Shurm · 05-09-2009, 10:16

Quote:

Originally Posted by Redskin

That is not what DO'N is about!....he is an honest guy with integrity!........Any bitterness should be directed else where, but now is not the time.........

That was a joke please calm down ;-)

Redskin · 05-09-2009, 10:25

Quote:

Originally Posted by Shurm

That was a joke please calm down ;-)

Taken!

I personally have known Dave for years, being an Ex-Director I am biting my tongue at this moment.....In my honest opinion, the best option is that we continue with DO'N as majority share holder! I can not get my head around what is happening regarding demands for a 50% share holding, I fully understand the reasons, as communicated to the press etc, but if you peel all of this back there is a fight for controlling interests......and now is not the time!

I'll ask one last question, then I'll leave this alone, does the ASSF have sight of 250k?, is it in their bank account?

Shurm · 05-09-2009, 10:29

Quote:

Originally Posted by Redskin

Taken!

I personally have known Dave for years, being an Ex-Director I am biting my tongue at this moment.....In my honest opinion, the best option is that we continue with DO'N as majority share holder! I can not get my head around what is happening regarding demands for a 50% share holding, I fully understand the reasons, as communicated to the press etc, but if you peel all of this back there is a fight for controlling interests......and now is not the time!

I'll ask one last question, then I'll leave this alone, does the ASSF have sight of 250k?, is it in their bank account?

Ok I understand better now thank you.

maccawozzagod · 05-09-2009, 10:30

it's been said before that ASSF has not got the 250k. It is underwritten by Ilyas that if the opportunity arose for ASSF to purchase new shares then he will provide a minimum of that amount.

Redskin · 05-09-2009, 10:34

Quote:

Originally Posted by maccawozzagod

it's been said before that ASSF has not got the 250k. It is underwritten by Ilyas that if the opportunity arose for ASSF to purchase new shares then he will provide a minimum of that amount.

If the ASSF had control of the 250k then I think we have a basis for discusssion!........Due Diligence is always a get out clause, sorry but I'm still sceptical

maccawozzagod · 05-09-2009, 10:37

and just as a final (old ground being covered etc) comment - ASSF are not demanding anything, it is not a hostile attempt at control.

We have merely presented one option to The Don. The option is there for him to take or leave at his discretion and at the moment he is leaving the offer on the table. It has been neither accepted or refused - it is just there.

Rather than repeatedly discussing the ins and outs, merits or pitfalls we should just accept an offer is there and we should be grateful that there is an option. Besides which it was said last night that The Don now has other options (not necessarily good ones) on the table.

Redskin · 05-09-2009, 10:42

Quote:

Originally Posted by maccawozzagod

and just as a final (old ground being covered etc) comment - ASSF are not demanding anything, it is not a hostile attempt at control.

We have merely presented one option to The Don. The option is there for him to take or leave at his discretion and at the moment he is leaving the offer on the table. It has been neither accepted or refused - it is just there.

Rather than repeatedly discussing the ins and outs, merits or pitfalls we should just accept an offer is there and we should be grateful that there is an option. Besides which it was said last night that The Don now has other options (not necessarily good ones) on the table.

But at this moment it is not an option!...This is a game of Call my Bluff, and the good people of Accrington are the Pawns!....As the weeks go by the pistol being held to the Don's head becomes a Shot Gun!

I really hope that the current board are approached with offers of assistance from an external source and I believe they will!

Cart on Stanley!

cashman · 05-09-2009, 10:43

in view of the fact ilyas is a member n has posted on here, i think it would be benificial if he posted on this latest development n explained in laymans terms, about why this 50% share issue is his only option.

Haggis316 · 05-09-2009, 10:45

I have read a lot of misconceptions on here and elsewhere about the alleged motives of ASSF and Ilyas.

As I understand it:

ASSF are proposing a public share issue equivalent to 50% of the club's issued share capital.

ASSF would be underwriting it so they would only take up what shares the public (which might for these purposes include David O'Neill and other directors) did not subscribe to.

What would be so power grabbing about that????

Redskin · 05-09-2009, 10:46

Quote:

Originally Posted by cashman

in view of the fact ilyas is a member n has posted on here, i think it would be benificial if he posted on this latest development n explained in laymans terms, about why this 50% share issue is his only option.

...clarity as to why 25% is not enough!

Redskin · 05-09-2009, 10:49

Quote:

Originally Posted by Haggis316

I have read a lot of misconceptions on here and elsewhere about the alleged motives of ASSF and Ilyas.

As I understand it:

ASSF are proposing a public share issue equivalent to 50% of the club's issued share capital.

ASSF would be underwriting it so they would only take up what shares the public (which might for these purposes include David O'Neill and other directors) did not subscribe to.

What would be so power grabbing about that????

That's the theory, let's see how reality pans out!

Redskin · 05-09-2009, 10:57

A 15k donation from every Premier League resolves the issues, friendlies with United, Liverpool etc etc bring in more revenue.....I believe National help will come!!!!!

I've offered my opinions and people have responded, but we are being used here!......

The parties concerned should discuss face to face, reach an agreement or dismiss it out of hand......

We are ALL fans and will come through this, by hook or by crook!

JEFF · 05-09-2009, 11:19

Quote:

Originally Posted by Shurm

Hmmm good point, maybe he thought I'll buy this debt ridden worthless club and get the locals to pay it all back for me ........ Cunning ;-)

As I see it DON bought the club with full knowledge of the £300K debt and he said last night that he wasn't putting any more money into the club, so he obviously had no intention of paying the debt when he took over the club. He now launches an appeal for other people to pay the debt for him. When he bought the club it was worth practically nothing with the debt. If the debt is cleared for him (by other people) the club will be worth something. He will then have increased the value of his investment thanks to other people GIVING him money. Not a bad piece of business if it all comes off. I just wonder what he will do if the appeal is successful. Will he decide to sell and make a profit or will he stay and carry on the battle. Only time will tell, but in the next eight weeks we must all pull together to get Stanley (not David O'Niell) out of this mess.