Official club statement - Page 3

MikeA · 03-09-2010, 13:08

Quote:

Originally Posted by harwood red

omg who is this???

Do I have a clone?

Confusing! One for the mods, methinks.

PS One's enough, innit?

Exile on Spencer St · 03-09-2010, 14:54

Quote:

Originally Posted by harwood red

Do I have a clone?

It must have been that bag of genetically modified crisps you had.

cashman · 06-09-2010, 19:03

Quote:

Originally Posted by Redraine

What happened to the statement re. the Don's situation promised for the end of the week (last week). Have I missed something, or is it the usual guff?

Quote:

Originally Posted by Stanleymad

Yep i was told an official statement would be made by end of last week

Still Nowt.

Owd Bob · 07-09-2010, 16:22

Quote:

Originally Posted by JEFF

I don't know how he has the cheek to show his face at Stanley, after all, he was the one sitting around waiting for the winding up order and doing nothing, and now, when Stanley appear to be on a sound footing he wants a piece of the action again. He is the one who should have a BANNING ORDER against him and not the SU2.

Of course he NOW wants a piece of the action. When the winding up order took place he owned 51% of nothing, now he owns 51% of a debt-free football league club. As majority share holder he can basically do what he wants and go where he pleases. In my opinion he still owns the club.

Or am I mistaken?

Pendle Red · 07-09-2010, 16:36

The whole episode just drags on & on, why can't they all sit down round a table and sort it out behind closed doors on a one to one basis?

Either all work together or part the ways what is so difficult?

There surely has to be an amicable solution for everyone concerned?

Nobody is Bigger than the Club itself or shouldn't be

Tealeaf · 07-09-2010, 17:48

Quote:

Originally Posted by Owd Bob

Of course he NOW wants a piece of the action. When the winding up order took place he owned 51% of nothing, now he owns 51% of a debt-free football league club. As majority share holder he can basically do what he wants and go where he pleases. In my opinion he still owns the club.

Or am I mistaken?

Yeah, you are mistaken, Owd Bob - although you are correct in saying that he owned 51% of nowt a year or so ago. The club is still technically debt ridden but these days the debts are owed to IK, PM and the like - as well possibly to EW himself - and no longer to HMRC and various trade creditors.

Owd Bob · 07-09-2010, 17:57

Quote:

Originally Posted by Tealeaf

Yeah, you are mistaken, Owd Bob - although you are correct in saying that he owned 51% of nowt a year or so ago. The club is still technically debt ridden but these days the debts are owed to IK, PM and the like - as well possibly to EW himself - and no longer to HMRC and various trade creditors.

Thanks for clearing that up Tealeaf. So if his 51% shareholding is worth very little now, he must be so in love with the club that he just can't let go!!!!

Doug · 07-09-2010, 18:07

This is something that as been bugging me, I read that IK & PM where donating the funds that they had committed therefore there can only be a debt of gratitude to them, not I fiscal one.

DON & EW are aledeged to have put their own funds in as loans; so if the club is owned by the debtors then these two are in the running; it also looks to me that this as been a clever blind to get IK & PM to put up the funds to bail the club out.

DON also stated that the club was almost free of debt; so it makes EW's 51% worth something.

Just thoughts T.

Tealeaf · 07-09-2010, 18:19

Quote:

Originally Posted by Doug

This is something that as been bugging me, I read that IK & PM where donating the funds that they had committed therefore there can only be a debt of gratitude to them, not I fiscal one.

DON & EW are aledeged to have put their own funds in as loans; so if the club is owned by the debtors then these two are in the running; it also looks to me that this as been a clever blind to get IK & PM to put up the funds to bail the club out.

DON also stated that the club was almost free of debt; so it makes EW's 51% worth something.

Just thoughts T.

Unlikely, Doug. If IK & PM had donated the money, it would have to go through the revenue accounts ( i.e. hit the P & L statements). That is highly unlikely because it would then leave them with no leverage whatsoever.

I suspect DON's statement was made after Ilyas said he would not be calling in his loans but in any case we all now know from hard experiance that we treat any statements (or non-statements) by DON with the contempt they deserve.

JEFF · 15-09-2010, 15:35

Statement now on fishy site

Accrington Stanley

Redraine · 15-09-2010, 15:47

No wiser then! Why can't they issue a detailed statement giving the situation as it now stands, never mind when all legal issues are resolved.
Deja vu.

cashman · 15-09-2010, 16:18

it dont actually say when legal issues are resolved? you call it deja vu, i call it one of them "Next Weeks"

Exile on Spencer St · 15-09-2010, 16:27

Has anyone ever met a solicitor/lawyer who can tell you when something will be done? For Stanley's fans patience is more a necessity than a virtue. Keep the faith, let's hope the soap-opera is reaching a conclusion.

AccyMad · 15-09-2010, 16:45

Quote:

Originally Posted by cashman

it dont actually say when legal issues are resolved? you call it deja vu, i call it one of them "Next Weeks"

Exactly, we've waited over a fortnight for this statment & even when it's come it says nowt - don't know why they bothered

- although maybe that's the reason none of them turned up last night, they were still drafting it

widnes viking · 15-09-2010, 17:15

Surely they will have to sort out this share ownership issue sooner rather than later in particular DONs position with his share purchase from EW. I can't understand how the club can be restructered if the actual majority shareholder issue is up in the air.