yarddog73 Posted February 10, 2019 Share Posted February 10, 2019 2 minutes ago, GlossopLatic said: Blitz and Gazal to start with. Then when they left we got lucky for a few years with cup runs and the year when Lee Johnson sold on the likes of Korey Smith, Tarky, Clarke Harris and Baxter all at a tidy profit. From 2015 onwards unpaid bills, late payment of wages, transfer embargos and winding up petitions became a regular occurrence it was clear knowone was funding the club. So they did at the start But by the end of their tenure they left the club in a total shambles. To be honest I reckon Blitz has probably bailed us out on several occasions when the wolves have been at the door in recent years. I get he wanted to step back from the initial plans he had for us after getting more than despondent but leaving Corney holding the baby and what's turned out to be an over ambitious money sapping project that is the OEC have been huge mistakes if he had any plans to move the club on. My personal take on it and it's only an opinion is that the North Stand was planned and built with good intentions for the football club going forward but costs got way out of hand leading to Blitz and maybe Gazal stepping in and effectively bailing Simon Corney out to get it operational and as a consequence the OEC as it stands was signed over to them as security and rightly so in my opinion if that was the case. It's maybe another question to put to SB and DG this week just to clarify why the apparent saviour the North Stand ended up in Brassbanks portfolio. Link to comment Share on other sites More sharing options...
jorvik_latic Posted February 10, 2019 Share Posted February 10, 2019 3 minutes ago, yarddog73 said: To be honest I reckon Blitz has probably bailed us out on several occasions when the wolves have been at the door in recent years. I get he wanted to step back from the initial plans he had for us after getting more than despondent but leaving Corney holding the baby and what's turned out to be an over ambitious money sapping project that is the OEC have been huge mistakes if he had any plans to move the club on. My personal take on it and it's only an opinion is that the North Stand was planned and built with good intentions for the football club going forward but costs got way out of hand leading to Blitz and maybe Gazal stepping in and effectively bailing Simon Corney out to get it operational and as a consequence the OEC as it stands was signed over to them as security and rightly so in my opinion if that was the case. It's maybe another question to put to SB and DG this week just to clarify why the apparent saviour the North Stand ended up in Brassbanks portfolio. Not far from the truth... Link to comment Share on other sites More sharing options...
kowenicki Posted February 11, 2019 Share Posted February 11, 2019 13 hours ago, jorvik_latic said: Not far from the truth... interesting. Link to comment Share on other sites More sharing options...
ghostofcecere Posted February 11, 2019 Share Posted February 11, 2019 15 hours ago, yarddog73 said: To be honest I reckon Blitz has probably bailed us out on several occasions when the wolves have been at the door in recent years. I get he wanted to step back from the initial plans he had for us after getting more than despondent but leaving Corney holding the baby and what's turned out to be an over ambitious money sapping project that is the OEC have been huge mistakes if he had any plans to move the club on. My personal take on it and it's only an opinion is that the North Stand was planned and built with good intentions for the football club going forward but costs got way out of hand leading to Blitz and maybe Gazal stepping in and effectively bailing Simon Corney out to get it operational and as a consequence the OEC as it stands was signed over to them as security and rightly so in my opinion if that was the case. It's maybe another question to put to SB and DG this week just to clarify why the apparent saviour the North Stand ended up in Brassbanks portfolio. Absolutely my reading of what’s gone on Link to comment Share on other sites More sharing options...
Diego_Sideburns Posted February 11, 2019 Share Posted February 11, 2019 17 hours ago, mad4it said: The deal was done because JW Lees loaned the some money and the condition (along with repayment) making the loan was to takeover the pouring rights at all the clubs bars . Some of us with long memories still support the 'Stop The Rot' campaign motto: "Don't put your mouth where their money is, until they put the money where your heart is". https://www.wsc.co.uk/the-archive/30-Clubs/6109-brewers-droop Link to comment Share on other sites More sharing options...
TheBigDog Posted February 11, 2019 Share Posted February 11, 2019 4 minutes ago, Diego_Sideburns said: Some of us with long memories still support the 'Stop The Rot' campaign motto: "Don't put your mouth where their money is, until they put the money where your heart is". https://www.wsc.co.uk/the-archive/30-Clubs/6109-brewers-droop Wow - If only I could upboat this post... Link to comment Share on other sites More sharing options...
robboman Posted February 11, 2019 Share Posted February 11, 2019 Link to comment Share on other sites More sharing options...
kowenicki Posted February 11, 2019 Share Posted February 11, 2019 1 hour ago, robboman said: Bizarre statement. Link to comment Share on other sites More sharing options...
super_blue Posted February 11, 2019 Share Posted February 11, 2019 2 minutes ago, kowenicki said: Bizarre statement. And untrue of course. Odd... Link to comment Share on other sites More sharing options...
mikejh45 Posted February 11, 2019 Share Posted February 11, 2019 I'll take a punt on free of all Corney debts! Link to comment Share on other sites More sharing options...
kowenicki Posted February 11, 2019 Share Posted February 11, 2019 14 minutes ago, mikejh45 said: I'll take a punt on free of all Corney debts! I’m assuming he means outstanding short term debts/payments. He certainly doesn’t mean long term debt. Link to comment Share on other sites More sharing options...
GlossopLatic Posted February 11, 2019 Share Posted February 11, 2019 8 minutes ago, kowenicki said: I’m assuming he means outstanding short term debts/payments. He certainly doesn’t mean long term debt. If the only debt we have is Blitz 6-7 million worth of Directors loans then I'd say that's verygood news assuming a legal agreement is in place that he will only call this in if we reach the PL. We are pretty much debt free if that's the case. Link to comment Share on other sites More sharing options...
kowenicki Posted February 11, 2019 Share Posted February 11, 2019 27 minutes ago, GlossopLatic said: If the only debt we have is Blitz 6-7 million worth of Directors loans then I'd say that's verygood news assuming a legal agreement is in place that he will only call this in if we reach the PL. We are pretty much debt free if that's the case. True. Link to comment Share on other sites More sharing options...
deyres42 Posted February 11, 2019 Share Posted February 11, 2019 I'll wait for the accounts to be filed... Link to comment Share on other sites More sharing options...
sjk2008 Posted February 11, 2019 Share Posted February 11, 2019 Yeah, definitely don’t believe that for one second. Whether he is referring to the debts from the Corney era (excluding what’s owed to Blitz & Co) I don’t know. Then you have Lee Sinnott hinting that Blitz could well make us homeless should AL not pay him the £300k he now owes him (probably being OTT...). Link to comment Share on other sites More sharing options...
singe Posted February 11, 2019 Share Posted February 11, 2019 As at 30 june 207, the Creditors stood at £9.3m, however it moved from a current liability less than a year to >1 year creditor. Strong suggestion a formal arrangement was made. Possibly as per the previous statements not going to be repaid until we reach the Premier League or some other arrangment Link to comment Share on other sites More sharing options...
kowenicki Posted February 11, 2019 Share Posted February 11, 2019 30 minutes ago, sjk2008 said: Yeah, definitely don’t believe that for one second. Whether he is referring to the debts from the Corney era (excluding what’s owed to Blitz & Co) I don’t know. Then you have Lee Sinnott hinting that Blitz could well make us homeless should AL not pay him the £300k he now owes him (probably being OTT...). Eh? Link to comment Share on other sites More sharing options...
Monty Burns Posted February 12, 2019 Share Posted February 12, 2019 7 hours ago, GlossopLatic said: If the only debt we have is Blitz 6-7 million worth of Directors loans then I'd say that's verygood news assuming a legal agreement is in place that he will only call this in if we reach the PL. We are pretty much debt free if that's the case. It’s much higher than £6-£7M. Link to comment Share on other sites More sharing options...
ghostofcecere Posted February 12, 2019 Share Posted February 12, 2019 The club still owes employees pension contributions going back to April 2018 Link to comment Share on other sites More sharing options...
Stevie_J Posted February 12, 2019 Share Posted February 12, 2019 19 minutes ago, ghostofcecere said: The club still owes employees pension contributions going back to April 2018 You would hope that this is some sort of admin error. To deliberately not pay employees' pension contributions would be a disgusting way to 'manage' cash flow. Link to comment Share on other sites More sharing options...
ghostofcecere Posted February 12, 2019 Share Posted February 12, 2019 16 minutes ago, Stevie_J said: You would hope that this is some sort of admin error. To deliberately not pay employees' pension contributions would be a disgusting way to 'manage' cash flow. It to say illegal as it was deducted from employees salary and then never paid to Aviva. Link to comment Share on other sites More sharing options...
yarddog73 Posted February 12, 2019 Share Posted February 12, 2019 Government clamping down on it and perpetrators can now be sent to prison. Link to comment Share on other sites More sharing options...
Dave_Og Posted February 12, 2019 Share Posted February 12, 2019 But on the upside they may have saved staff from investing in falling markets... Link to comment Share on other sites More sharing options...
kowenicki Posted February 12, 2019 Share Posted February 12, 2019 12 minutes ago, Dave_Og said: But on the upside they may have saved staff from investing in falling markets... Markets have largely returned. They’ve lost out due to the effect of pound cost averaging. Bugger. Link to comment Share on other sites More sharing options...
Dave_Og Posted February 12, 2019 Share Posted February 12, 2019 9 minutes ago, kowenicki said: Markets have largely returned. They’ve lost out due to the effect of pound cost averaging. Bugger. Or pound cost ravaging as sometimes referred to. Or, euphemistically, sequencing risk. Link to comment Share on other sites More sharing options...
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