What's different about us?

[kendo]

is there any successful business man out there who are willing to run Brentford.

We are told so many times that there is no millionare on the horizon to help
us, what makes us so different.

Other clubs seem to find this investment,why are we the lepers of the football league and no one wants to touch us.


This is what we need again, great effort to everyone involved so far but...


A fans run club doesn't work

 

[JTofBFC]

A fans run club doesn't work

Agreed, but put your tin hat on.

 

[Ace Face]

is there any successful business man out there who are willing to run Brentford.

We are told so many times that there is no millionare on the horizon to help
us, what makes us so different.

Other clubs seem to find this investment,why are we the lepers of the football league and no one wants to touch us.


This is what we need again, great effort to everyone involved so far but...


A fans run club doesn't work

No one would say no to a millionaire donating millions to BFC and as long as GP is completely safe and we have many other firm conditions on the share purchase, I am sure BU would sell. However it would more or less rule out a new ground, so he must have big pockets.

 

[kendo]

Agreed, but put your tin hat on.

im sure i will live....

 

[Sweepy]

If anyone cannot see that BU is a complete failure, then they are deluded.

We wanted W£bb out so badly, we embraced Noad£s. We wanted Noad£s out so badly, we embraced an organisation, which could not complete a takeover of the club without dipping into the back of the sofa for a few remaining coppers at the eleventh hour.

We should have seen the warning signs back then.

 

[Ace Face]

is there any successful business man out there who are willing to run Brentford.

We are told so many times that there is no millionare on the horizon to help
us, what makes us so different.

Other clubs seem to find this investment,why are we the lepers of the football league and no one wants to touch us.


This is what we need again, great effort to everyone involved so far but...


A fans run club doesn't work

Or maybe the millionaire got a directorship for a loan of £250,000.

Even some sponsorship would be a help.

 

[Nick Hester]

Oh My God - Dare I say it?

 

[shaggy]

is there any successful business man out there who are willing to run Brentford.

We are told so many times that there is no millionare on the horizon to help
us, what makes us so different.

Other clubs seem to find this investment,why are we the lepers of the football league and no one wants to touch us.


This is what we need again, great effort to everyone involved so far but...


A fans run club doesn't work

One minute everyones complaining that fans aren't running the club when they should be, and the next minute we're in the sh*t because its a fans run club! :scratch:

I'd like to identify a single decision that has been made either "by fans", or by the club management (whether manager, the board or BU), that you can clearly say in independent multi-millionaire owner would have made differently.

imho there are lots of things that could be better, but the reality is that a decade of overspending is finally coming home to roost. :sad:

 

[kendo]

One minute everyones complaining that fans aren't running the club when they should be, and the next minute we're in the sh*t because its a fans run club! :scratch:

I'd like to identify a single decision that has been made either "by fans", or by the club management (whether manager, the board or BU), that you can clearly say in independent multi-millionaire owner would have made differently.

imho there are lots of things that could be better, but the reality is that a decade of overspending is finally coming home to roost. :sad:

Leroy rosenior?

 

[shaggy]

If anyone cannot see that BU is a complete failure, then they are deluded.

We wanted W£bb out so badly, we embraced Noad£s. We wanted Noad£s out so badly, we embraced an organisation, which could not complete a takeover of the club without dipping into the back of the sofa for a few remaining coppers at the eleventh hour.

We should have seen the warning signs back then.

We should have seen the warning signs when Ron started buying his way out of the third division by putting players on his BFC credit card.

 

[JTofBFC]

I'd like to identify a single decision that has been made either "by fans", or by the club management (whether manager, the board or BU), that you can clearly say in independent multi-millionaire owner would have made differently.

How about appointing a new manager without offering the potential new guy, (and the one identified by the panel as the best for the job) a contract so bad that no-one in their right minds would take it.

 

[shaggy]

Leroy rosenior?

Leory (and/or Scotts) appointment would have only been different if the Millionaire was prepared to piss more of our money down the drain.

 

[Ace Face]

If anyone cannot see that BU is a complete failure, then they are deluded.

We wanted W£bb out so badly, we embraced Noad£s. We wanted Noad£s out so badly, we embraced an organisation, which could not complete a takeover of the club without dipping into the back of the sofa for a few remaining coppers at the eleventh hour.

We should have seen the warning signs back then.

To say BU is a complete failure is rewritring history and is complete b***ocks. The only reason we are still in exixtence is because of us fans. If were not for us 1500 or so fans this club would be in administration and probably groundsharing.

BU`s biggest fault is not communicating how difficult the situation would be after majority share purchase.

I am very upset that our clubs future rests on a BU and Wimpey multi-million pound scheme 6 years away from fruition - possibly.

If their is anybody out there with several million to help PLEASE step forward and contact BU.

 

[West Wilts Bee]

is there any successful business man out there who are willing to run Brentford.

We are told so many times that there is no millionaire on the horizon to help
us, what makes us so different.

Other clubs seem to find this investment,why are we the lepers of the football league and no one wants to touch us.


This is what we need again, great effort to everyone involved so far but...


A fans run club doesn't work

Yeah we did have a millionaire that run our club. RUN INTO THE ****ING GROUND. Why do you think this club has no ****ing MONEY?

 

[Sweepy]

We should have seen the warning signs when Ron started buying his way out of the third division by putting players on his BFC credit card.

Which brings me to part two of my critique. It's a lot easier to criticise a villain who resembles Charles Montgomery Burns from 'The Simpsons' - and is as equally sinister - than it is to criticise those who mean well but simply lack the means to deliver. For me, the way in which we are restricted in how we can criticise those running the club nowadays is the most dangerous aspect of all. It means that by the time everyone wakes up and smells the dog shyte, we may be stuck in mid-table Conference, with average attendances of 3,500 and still losing half a mill every season. And you don't need me to tell you that would be the end of Brentford FC.

 

[kendo]

Yeah we did have a millionare that run our club. RUN INTO THE ****ING GROUND. Why do you think this club has no ****ing MONEY?

understand that, but not every businessman out there is webb or a noades.

 

[West Wilts Bee]

Which brings me to part two of my critique. It's a lot easier to criticise a villain who resembles Charles Montgomery Burns from 'The Simpsons' - and is as equally sinister - than it is to criticise those who mean well but simply lack the means to deliver. For me, the way in which we are restricted in how we can criticise those running the club nowadays is the most dangerous aspect of all. It means that by the time everyone wakes up and smells the dog shyte, we may be stuck in mid-table Conference, with average attendances of 3,500 and still losing half a mill every season. And you don't need me to tell you that would be the end of Brentford FC.

Sweeps conference attendances midtable will average 1500 if we're lucky.

 

[JTofBFC]

Leory (and/or Scotts) appointment would have only been different if the Millionaire was prepared to piss more of our money down the drain.

Is the concept of false economy really that difficult to comprehend.

We appointed the cheap option in Rosenioor but ended up having to pay both him and his assistant off. So the cheap option is no longer the cheap option, he is actually quite an expensive mistake.

Then we appoint the caretaker after weeks of painstaking identification of the right person who wont take the job because the contract he is offered is that derisory that nobody would. So we stick with SF, presumably let him piss away all the fighting chance funds and the rest of the money the Directors have found down the back of the Boardroom sofa, and then at the end of the season when we are down and out we get rid of the caretaker that should never have been appointed in the first place and present the new manager with the tremendous news that he is to be the lowest paid member of the playing staff and he has no budget to bring any players in so we have to play with 7 every week.

There are some things that we have to find money for. A manager is one of them.

The way this has been dealt with by BU, Dyke and Dickens is an insult to all Bees fans.

 

[West Wilts Bee]

understand that, but not every businessman out there is webb or a noades.

SOS RICHARD ARCHER.

 

[JTofBFC]

understand that, but not every businessman out there is webb or a noades.

Exactly, for every Hamman, Noades, etc there is a Madejwsi, Gibson. We can choose who to get involved with and who not to or we can sit back, do nothing and fade into obscurity.

 

[Sweepy]

Exactly, for every Hamman, Noades, etc there is a Madejwsi, Gibson. We can choose who to get involved with and who not to or we can sit back, do nothing and fade into obscurity.

Absolutely. But I think there will be a better chance of a Madejski, Gibson, Whelan or an Abramovich (now that would be something!) if the "multi-millionaire" benefactor recruitment process is kept out of the hands of Keith Dickens (?), Dyke or any of the others on the board.

 

[Nurse Betty]

The following post is not BU policy and has not been discussed at a BU Board meeting. It's my thoughts only

What you are talking about is someone who has about £15m to invest in the Club and be prepared to never see it again. There can't be too many of those around who are genuine Brentford fans and who would invest without a thought of the land values at GP and try to hussle us out of our ground with one eye on a tidy profit.

My preferred model of ownership is through the structure of a supporter's Trust but my preferred vision of the future is one where Brentford FC still exists as a full-time professional Club. I think any supporter's Trust that takes over a club that is in a great deal of debt is going to be up against it from the off. That is not to say that BU have not made and aren't still making mistakes but a level playing field it was not in March 2003.

My priority is to keep the Club in existance. If we can do that through a supporter's Trust, great. If we can't, then we should be thinking about the best deal we can negotiate with someone with deep and generous pockets.

As a debate, we should keep revisiting whether this current model of majority ownership still suits us as a Club. It may have looked the lesser of two evils at one point; it may have looked like a utopian dream at others. I just want us to be certain that it's still fit for purpose when the purpose is to keep the Club going.

 

[kendo]

Exactly, for every Hamman, Noades, etc there is a Madejwsi, Gibson. We can choose who to get involved with and who not to or we can sit back, do nothing and fade into obscurity.

and mandaric , look at portsmouth, and now leicester who will benefit.

 

[JTofBFC]

I just want us to be certain that it's still fit for purpose when the purpose is to keep the Club going.

It isn't fit for purpose. In BUs first season of ownership they are taking us to a division we haven't seen for 27 years and we are now heading for our third management change of the season and we are on the worst run in our history.

If BU think what goes on, on the pitch, doesn't matter then watch the crowds fall to record lows next year.

BU has plenty of equity to play with to encourage someone who has a good deal less than £15m to burn.

What they dont have is the will or the decisiveness to do anything about it. The fact you haven't even discussed it at BU meetings says it all.

 

[West Wilts Bee]

Exactly, for every Hamman, Noades, etc there is a Madejwsi, Gibson. We can choose who to get involved with and who not to or we can sit back, do nothing and fade into obscurity.

I see what you mean, just the easy part now of finding one.

 

[Nurse Betty]

It isn't fit for purpose. In BUs first season of ownership they are taking us to a division we haven't seen for 27 years and we are now heading for our third management change of the season and we are on the worst run in our history.

If BU think what goes on, on the pitch, doesn't matter then watch the crowds fall to record lows next year.

BU has plenty of equity to play with to encourage someone who has a good deal less than £15m to burn.

What they dont have is the will or the decisiveness to do anything about it. The fact you haven't even discussed it at BU metings says it all.

Plenty of equity? Really? How much?

 

[JTofBFC]

Plenty of equity? Really? How much?

Depends how much of the club you think you need to own. 25.1% should be plenty.(and also the terms on which you sell the equity)

I'm well aware however that the rubbishing of the debt for equity suggestion is BU policy or at least quasi policy so no need to pretend otherwise. I'm sure we'll all be pleased as punch if BU continue to hold 60% as we slide out of the league, as under BU ownership we don't even have 10p to put in the meter.

 

[Sweepy]

The following post is not BU policy and has not been discussed at a BU Board meeting. It's my thoughts only

What you are talking about is someone who has about £15m to invest in the Club and be prepared to never see it again. There can't be too many of those around who are genuine Brentford fans and who would invest without a thought of the land values at GP and try to hussle us out of our ground with one eye on a tidy profit.

My preferred model of ownership is through the structure of a supporter's Trust but my preferred vision of the future is one where Brentford FC still exists as a full-time professional Club. I think any supporter's Trust that takes over a club that is in a great deal of debt is going to be up against it from the off. That is not to say that BU have not made and aren't still making mistakes but a level playing field it was not in March 2003.

My priority is to keep the Club in existance. If we can do that through a supporter's Trust, great. If we can't, then we should be thinking about the best deal we can negotiate with someone with deep and generous pockets.

As a debate, we should keep revisiting whether this current model of majority ownership still suits us as a Club. It may have looked the lesser of two evils at one point; it may have looked like a utopian dream at others. I just want us to be certain that it's still fit for purpose when the purpose is to keep the Club going.

Well I don't know about anyone else, but Nurse you have frightened the life out of me.

What you are basically saying is to keep this club going, anyone who comes in is going to have to be prepared to part with £15m they will never see again. When put in those terms, I am amazed that Bees United have managed to keep the club from going bust as long as they have.

I applaud your honesty in that, despite being involved in BU at an board level, you can see the mountain is incredibly high for them. You've got it in a nutshell - BU have not been able to play on a level playing field from day one. Perhaps if they had taken over a debt free BFC then maybe. Is it fair to say that we have been a bit reckless in our determination to rid the club of the parasitical Noades? I say 'we', because we all wanted the happy ending, that I fear will not happen in this present format.

The posts this evening may appear to be knee-jerk to the result earlier, but the results are a characterisation of the strength of the club off-the-pitch. On recent showing, Brentford are now as weak as a soggy bit of paper.

I cannot see how we can finance Lionel Road either, and the idea of borrowing against the development itself is alarming, when you think that our current board of directors cannot even get the football side of the business straight.

 

[West Wilts Bee]

It isn't fit for purpose. In BUs first season of ownership they are taking us to a division we haven't seen for 27 years and we are now heading for our third management change of the season and we are on the worst run in our history.

If BU think what goes on, on the pitch, doesn't matter then watch the crowds fall to record lows next year.

What a good point you make there JT. I think you have hit nail right on head.
Possibly one of BU biggest failures. This is a football club for christ sake. It's the product on the pitch that really matters. Otherwise whats the point?

 

[Nurse Betty]

Depends how much of the club you think you need to own. 25.1% should be plenty.(and also the terms on which you sell the equity)

I'm well aware however that the rubbishing of the debt for equity suggestion is BU policy or at least quasi policy so no need to pretend otherwise. I'm sure we'll all be pleased as punch if BU continue to hold 60% as we slide out of the league, as under BU ownership we don't even have 10p to put in the meter.

Hang on, JT, before you start getting arsey with me, go back and read my original post.

I am saying that I think we need to keep the option of selling equity - in fact the whole bloody lot, if that's what it takes - so that the Club can survive.

I am suggesting that all of us keep this debate in mind and not just blunder forward with the Supporter's Trust model because that's what worked for us at some point in the past. If we are not careful, then the supporter's trust model will continue to be used because it will ego-driven and a matter of wishful thinking, not what works best.

The purpose of BU is to keep the club alive not use it as an excuse for interminable supporter's trust Board meetings.

 

[Ace Face]

I think this ongoing argument is going round in circles.

Lets find the investor and listen to his proposals.

I hope one can be found, but am not optomistic. How many other clubs are searching for a stoopid millionaire with days to live?

I also think losing majority shareholding will effectively lose all hope of a new ground and this needs to be communicated as part of any nehotiations.

 

[JTofBFC]

I'm not getting arsey Nurse. I'm just thoroughly pissed off having watched us ship 4 goals at home for the 3rd time in recent weeks.

I'm pleased to see what you have posted but to be perfectly honest "keeping the debate in mind" is a complete and utter waste of time. We need to recognise NOW that BU does not have and never will have the resource to enable the club to operate as a going concern at the level of football we are used to.

"Keeping the debate in mind" won't change that, it is time some of the likely big hitters were approached to see if they will either individually or collectively take a slice of equity in exchange for a major cash injection.

Alternatively, we could "keep it in mind" for another season or so. By then we could be bottom of Div 2 with Lionel Rd a speck on the horizon and if you think BU is getting stick now.......................

Action is needed not words

 

[Ace Face]

Hang on, JT, before you start getting arsey with me, go back and read my original post.

I am saying that I think we need to keep the option of selling equity - in fact the whole bloody lot, if that's what it takes - so that the Club can survive.

I am suggesting that all of us keep this debate in mind and not just blunder forward with the Supporter's Trust model because that's what worked for us at some point in the past. If we are not careful, then the supporter's trust model will continue to be used because it will ego-driven and a matter of wishful thinking, not what works best.

The purpose of BU is to keep the club alive not use it as an excuse for interminable supporter's trust Board meetings.

Nurse I agree wholeheartedly.

I do think however that BU should make a public statement welcoming genuine investment/donations from any party as long as the clubs stadium and future are not adversely affected.

 

[JTofBFC]

I think this ongoing argument is going round in circles.

Lets find the investor and listen to his proposals.

I hope one can be found, but am not optomistic. How many other clubs are searching for a stoopid millionaire with days to live?

I also think losing majority shareholding will effectively lose all hope of a new ground and this needs to be communicated as part of any nehotiations.

I believe you are wrong there Ace. I really dont see why having less of a percentage of ownership should matter as far as the new ground is concerned. I assume (and correct me if I am wrong) that your line of thinking is that if BU own less of the club then when we sell GP the other owners will have the right to take their percentage and run.

It doesn't work that way. Brentford will be selling one asset (ie GP) and investing the proceeds in another one (LR). There is no requirement for us to pay the equity holders in BFC a part of the sale price.

I've got a few shares in BP. I don't recall them ever offering me anything every time they sell an oil field.

I don't know either if a serious investor or investors can be found but it will be a lot easier if we are actually looking for them. Under BU ownership we aren't.

 

[Sweepy]

Mandaric is trying to take over Leicester, but there looks like trouble on the horizon. According to that report, the Foxes are asking silly money for their club.

http://news.bbc.co.uk/sport1/hi/football/teams/l/leicester_city/6190223.stm

I wonder if we could be a cheaper option. What harm can there be in showing him the plans for LR?

 

[Nurse Betty]

Well I don't know about anyone else, but Nurse you have frightened the life out of me.

What you are basically saying is to keep this club going, anyone who comes in is going to have to be prepared to part with £15m they will never see again. When put in those terms, I am amazed that Bees United have managed to keep the club from going bust as long as they have.

I applaud your honesty in that, despite being involved in BU at an board level, you can see the mountain is incredibly high for them. You've got it in a nutshell - BU have not been able to play on a level playing field from day one. Perhaps if they had taken over a debt free BFC then maybe. Is it fair to say that we have been a bit reckless in our determination to rid the club of the parasitical Noades? I say 'we', because we all wanted the happy ending, that I fear will not happen in this present format.

The posts this evening may appear to be knee-jerk to the result earlier, but the results are a characterisation of the strength of the club off-the-pitch. On recent showing, Brentford are now as weak as a soggy bit of paper.

I cannot see how we can finance Lionel Road either, and the idea of borrowing against the development itself is alarming, when you think that our current board of directors cannot even get the football side of the business straight.

Sweepy, my intention is not to scare anyone or set any hares running. What I think we need is to be adult about what we are facing and to explore every option. Even if we wholeheartedly reject selling equity, in part or in whole, we should all at least be looking at where we are and where we want to be and to see whether what we are doing at present is still the best path for the Club.

I quote £15m simply because - well, I like it. It's a nice number. I break it down into:

£9m debt - we want to start with a clean slate
£4m ground improvements/seed money for Lionel Road project (depending on your preference)
£2m - new players, new backroom staff

or some other combination thereof. The only way that anyone would see this money again is if Brentford are playing in the highest levels of football for a very long time and I cannot see that happening. Or GP being sold.

I absolutely agree about the performance on the pitch being a pretty good reflection of what is happening on the pitch in the same way that BU and BFC often mirror one another as organisations.

Personally (I stress that - my personal opinion) is that any energy or time put into the Lionel Road project should be focused on the Club which is in dire straits in several different areas and needs to be structured and run properly. In answer to a question about this very subject that I asked of Greg Dyke said at the first Fans Forum he attended, he responded with words to the effect "We have to do both". Well, I think that both haven't been done and are not being done.

If non-exec directors want to become so deeply involved in BFC that they are practically there full-time, I think they would contribute far more of practical value at this time of crisis if they supported the MD in his bid to rid us of the Princess Royal, sorted out the shop, offered some time to train and support office staff, worked on sponsorship deals for the Club. None of these is going to be a walk in the park but that's where I think the energy needs to go at the moment. Some of the BFC Directors have been very proactive in this way already.

What drives me up the wall about the 'vision thing' is that anyone not subscribing to the 'vision' is seen as a bit of a short-sighted Charlie. Whereas when I have a vision due to too many Bailey and Malibu cocktails, it's of a happy, thriving, football Club at a well-developed and run ground. Then I sober up and get a blinding headache.

 

[Nurse Betty]

I'm not getting arsey Nurse. I'm just thoroughly pissed off having watched us ship 4 goals at home for the 3rd time in recent weeks.

I'm pleased to see what you have posted but to be perfectly honest "keeping the debate in mind" is a complete and utter waste of time. We need to recognise NOW that BU does not have and never will have the resource to enable the club to operate as a going concern at the level of football we are used to.

"Keeping the debate in mind" won't change that, it is time some of the likely big hitters were approached to see if they will either individually or collectively take a slice of equity in exchange for a major cash injection.

Alternatively, we could "keep it in mind" for another season or so. By then we could be bottom of Div 2 with Lionel Rd a speck on the horizon and if you think BU is getting stick now.......................

Action is needed not words

I feel the same as you about the goals, believe me.

Yes, I think you are right and that action needs to be taken one way or the other - either BU explain the reasoning behind not selling equity or get on and sell it.

I know it would seem like a crushing defeat to some people but that's what I mean about eyes on the prize and the prize is keeping BFC going, not having the world's greatest supporter's trust.

On to the agenda for discussion at a BU Board meeting in the very near future, I think.

 

[Jimbee]

It isn't fit for purpose. In BUs first season of ownership they are taking us to a division we haven't seen for 27 years and we are now heading for our third management change of the season and we are on the worst run in our history.

Another one re-writing history.

 

[JTofBFC]

Yes, I seem to have blotted the Noades era out for some reason. Think our stay this time might be more than 1 year though.

 

[Ace Face]

I believe you are wrong there Ace. I really dont see why having less of a percentage of ownership should matter as far as the new ground is concerned. I assume (and correct me if I am wrong) that your line of thinking is that if BU own less of the club then when we sell GP the other owners will have the right to take their percentage and run.

It doesn't work that way. Brentford will be selling one asset (ie GP) and investing the proceeds in another one (LR). There is no requirement for us to pay the equity holders in BFC a part of the sale price.

I've got a few shares in BP. I don't recall them ever offering me anything every time they sell an oil field.

I don't know either if a serious investor or investors can be found but it will be a lot easier if we are actually looking for them. Under BU ownership we aren't.

I was told several times by various people volunteering to help the LR project, that the whole project including support for the developer is dependent on BFC being a community owned club and not having a businessman as majority shareholder. Basically if BU do not stay the majority shareholder, then the scheme will just be a straight forward commercial exercise and will get no support or special help from LBH. Therefore LR will be a dead duck.

For the towers to come off we need all the bargaining tools possible.

This has been the position for some time.

 

[SpiderBee]

Yes, I seem to have blotted the Noades era out for some reason. Think our stay this time might be more than 1 year though.

Probably not as 1 year then Conference football probably.
I talk quite a bit to PJ about BU and the running of the club.
Although his explanations are clear and concise, it would appear that there is some division within BU.
May I suggest survival as more important as any pie in the sky stadium?
Woud £9 million clear all debts and give the fans the club TOTALLY?

 

[Ace Face]

Woud £9 million clear all debts and give the fans the club TOTALLY?

Are you offering Lord Spider Of Sutton?

 

[BoroBee]

If there is anybody out there with several million to help PLEASE step forward and contact BU.

Oh all right then .... I was saving it for a rainy day, but seeing as you put it like that. :reachesforchequebooksmilie:

 

[Ace Face]

Oh all right then .... I was saving it for a rainy day, but seeing as you put it like that. :reachesforchequebooksmilie:

Lord Finch Of Hampstead you are now a legend. Please make sure the cheque is crossed and not sent via Royal Mail.

 

[Gee Bee]

Woud £9 million clear all debts and give the fans the club TOTALLY?

Most of the £9m is loans, if someone came in and paid those loans off, but still held it as a loan the the debt is still £9m, just that it's owed to one person rather than several. Only someone writing off the loans by repaying all the loans and not wanting any of it back would the debt be cleared.
I doubt there is any investor out there that would just write off £9m without a way of getting most if not all of it back at a later stage.

 

[Ace Face]

I doubt there is any investor out there that would just write off £9m without a way of getting most if not all of it back at a later stage.

You reckon. Well no one has asked me.

 

[IsleofWight_Bee]

Exactly, for every Hamman, Noades, etc there is a Madejwsi, Gibson. We can choose who to get involved with and who not to or we can sit back, do nothing and fade into obscurity.

Yeah right!! FFS get a life you lot. Who in their right mind would want to take over a club £9m in debt with no assetts (especially on the playing front) and League 2 bound. Would you be fuc*ing stupid enough to invest? No of course you wouldn't. Those that do invest are not philanthropists and want the money back with interest. I'm unaware of a supporter like Jack Walker or old Gibson at Boro...if there is one why the f**k has he not come forward???

Can we close this pointless thread please.

 

[Gee Bee]

You reckon. Well no one has asked me.

They won't accept green shield stamps now though.

 

[SpiderBee]

Most of the £9m is loans, if someone came in and paid those loans off, but still held it as a loan the the debt is still £9m, just that it's owed to one person rather than several. Only someone writing off the loans by repaying all the loans and not wanting any of it back would the debt be cleared.
I doubt there is any investor out there that would just write off £9m without a way of getting most if not all of it back at a later stage.

Thanks for that!
Messy isn't it.
Still, you never know whats around the corner!
How the **** have we accrued so much debt though?
Can't the debtors write off the loans?
Who are they?

 

[Gee Bee]

Thanks for that!
Messy isn't it.
Still, you never know whats around the corner!
How the **** have we accrued so much debt though?
Can't the debtors write off the loans?
Who are they?

The main board and BU are the creditors with loans in the club along with £1.25m to Noades/Altonwood, £2m bank loan, £500K overdraft & £500k Hounslow Council. So thats £4.25m.
Rogers £200K, Herting £250K, Benham (rep on the board) £500K, abee (rep on board) £250K, Midas Way (Jones on board) £250K, BU £1.4m, GPS £1.3m. Thats £8.4m add trading liabilities and the probable use of additional draw down fund available from Benham of £500K and you are up to £10.1m. although BU have stated that £1m will not be expected to get back and written back in the acounts which then bring it back to a £9m debt.
That's how I have read the debt and if in someway I have mis-read, I'm sure I'll be corrected. No doubt by Larry, who no probably still thinks it's much less.

So apart from BU possibly writing off a further £900K I cannot see too many others willing to write off any of their loans.