oafc1955 Posted February 24, 2021 Share Posted February 24, 2021 That’s a question go to which we’ve been seeking an answer to since the day he walked through the door. If you didn’t have the necessary funding to advance the club it just beggars belief!! There has to be an ulterior motive, absolutely has to be!! Link to comment Share on other sites More sharing options...
LightDN123 Posted February 24, 2021 Share Posted February 24, 2021 He is that stupid he thought he was buying the ground, that’s well documented. He spent millions and had no idea what he was buying, and continues to plug the gap. He’s not going anywhere, and if he does, he’s probably taking us down with him. Step up the red button trust. Link to comment Share on other sites More sharing options...
Dave_Og Posted February 24, 2021 Share Posted February 24, 2021 1 minute ago, LightDN123 said: He is that stupid he thought he was buying the ground, that’s well documented. He spent millions and had no idea what he was buying, and continues to plug the gap. He’s not going anywhere, and if he does, he’s probably taking us down with him. Step up the red button trust. What was it on the podcast this week? They have £12k in the bank I think Link to comment Share on other sites More sharing options...
BP1960 Posted February 24, 2021 Share Posted February 24, 2021 1 hour ago, Lee Sinnott2 said: Over three years on. I don't understand why he still does it. He is clearly putting money in and gets no thanks for it. Given that he cashed in on Danny Rowe or the sake of 40 grand, surely he won't ever be able to afford to buy the ground and if he can't do that, then what exactly does he get from owning this club...? Ego. Link to comment Share on other sites More sharing options...
al_bro Posted February 24, 2021 Share Posted February 24, 2021 2 hours ago, Dave_Og said: What was it on the podcast this week? They have £12k in the bank I think Was that the club or the Trust? I couldn't quite make out. Our CEO says it will be a struggle to pay the wages this month. If AL can't afford that, then where is he going to get the £6m+ for the stadium and surrounding land from. Link to comment Share on other sites More sharing options...
oafc1955 Posted February 24, 2021 Share Posted February 24, 2021 Just put the club up for sale FFS!!! Link to comment Share on other sites More sharing options...
LightDN123 Posted February 24, 2021 Share Posted February 24, 2021 38 minutes ago, al_bro said: Was that the club or the Trust? I couldn't quite make out. Our CEO says it will be a struggle to pay the wages this month. If AL can't afford that, then where is he going to get the £6m+ for the stadium and surrounding land from. Karl say that ? Link to comment Share on other sites More sharing options...
al_bro Posted February 24, 2021 Share Posted February 24, 2021 Yes, to PTB in their monthly meeting. 2 minutes ago, LightDN123 said: Karl say that ? Yes, to PTB in their monthly meeting. Link to comment Share on other sites More sharing options...
Wardie Posted February 24, 2021 Share Posted February 24, 2021 4 hours ago, Lee Sinnott2 said: Over three years on. I don't understand why he still does it. He is clearly putting money in and gets no thanks for it. Given that he cashed in on Danny Rowe or the sake of 40 grand, surely he won't ever be able to afford to buy the ground and if he can't do that, then what exactly does he get from owning this club...? I reckon there's oil underneath BP. JR Lemsagam, complete with big hat and a fat cigar! Link to comment Share on other sites More sharing options...
oafcmetty Posted February 24, 2021 Share Posted February 24, 2021 n/m Link to comment Share on other sites More sharing options...
BP1960 Posted February 25, 2021 Share Posted February 25, 2021 6 hours ago, al_bro said: Was that the club or the Trust? I couldn't quite make out. Our CEO says it will be a struggle to pay the wages this month. If AL can't afford that, then where is he going to get the £6m+ for the stadium and surrounding land from. If he's got no money he should sell up and clear off asap. Link to comment Share on other sites More sharing options...
Bobledgersheart Posted February 25, 2021 Share Posted February 25, 2021 9 hours ago, BP1960 said: If he's got no money he should sell up and clear off asap. You new to this forum ?? He's here for the duration, unfortunately. Link to comment Share on other sites More sharing options...
Monty Burns Posted February 25, 2021 Share Posted February 25, 2021 10 hours ago, BP1960 said: If he's got no money he should sell up and clear off asap. Massive queue to buy a badge and FL membership l heard Link to comment Share on other sites More sharing options...
mick26 Posted February 25, 2021 Share Posted February 25, 2021 1 hour ago, Monty Burns said: Massive queue to buy a badge and FL membership l heard The ground is also available to buy! Link to comment Share on other sites More sharing options...
peanuts2 Posted February 25, 2021 Share Posted February 25, 2021 On 2/24/2021 at 3:59 PM, BP1960 said: Ego. But he bloody wont thats the problem Link to comment Share on other sites More sharing options...
RobinsDuckEgg Posted February 25, 2021 Share Posted February 25, 2021 1 hour ago, peanuts2 said: But he bloody wont thats the problem Link to comment Share on other sites More sharing options...
Monty Burns Posted February 26, 2021 Share Posted February 26, 2021 22 hours ago, mick26 said: The ground is also available to buy! £8M per square foot Link to comment Share on other sites More sharing options...
tGWB Posted February 26, 2021 Share Posted February 26, 2021 On 2/24/2021 at 2:34 PM, Lee Sinnott2 said: Over three years on. I don't understand why he still does it. He is clearly putting money in and gets no thanks for it. Given that he cashed in on Danny Rowe or the sake of 40 grand, surely he won't ever be able to afford to buy the ground and if he can't do that, then what exactly does he get from owning this club...? Fairly easy one this Lee AL thought if he chucked a few £million in, that the Club would simply rise up the football pyramid and he could bask in the glory of being a successful owner of an English Football Club He was done over with what he thought he was buying, his own fault of course and has continued a quite remarkable sequence of blunders ever since due to his obvious lack of any commercial awareness to even manage a corner shop All his disposable wealth or certainly most of it is now sinking along with the club he purchased in the lower end of the football league He just cant afford to just walk away Link to comment Share on other sites More sharing options...
unsworth blue Posted February 26, 2021 Share Posted February 26, 2021 1 minute ago, tGWB said: Fairly easy one this Lee AL thought if he chucked a few £million in, that the Club would simply rise up the football pyramid and he could bask in the glory of being a successful owner of an English Football Club He was done over with what he thought he was buying, his own fault of course and has continued a quite remarkable sequence of blunders ever since due to his obvious lack of any commercial awareness to even manage a corner shop All his disposable wealth or certainly most of it is now sinking along with the club he purchased in the lower end of the football league He just cant afford to just walk away Trouble is though TGWB, can he afford to carry on financing it either? Looks like he might be better cutting his losses if he is still having to plough in £s without any reasonable prospect of a return. As far as I am aware, his investment to the club is by way of Directors Loan which I presume he wants back (or at least a substantial proportion of it), yet his assets are worth significantly less than their book value. Link to comment Share on other sites More sharing options...
tGWB Posted February 26, 2021 Share Posted February 26, 2021 24 minutes ago, unsworth blue said: Trouble is though TGWB, can he afford to carry on financing it either? Looks like he might be better cutting his losses if he is still having to plough in £s without any reasonable prospect of a return. As far as I am aware, his investment to the club is by way of Directors Loan which I presume he wants back (or at least a substantial proportion of it), yet his assets are worth significantly less than their book value. His predicament is that he has money in the club by means of the price he initially paid and additionally in Director Loans, both of which he has aspirations to recover However in the real world, the further the club falls and the longer this goes on, all his investment simply reduces in value. We don't know if he has any other means of revenue or his initial wealth, but am pretty certain that whatever he had/has must be under severe pressure Link to comment Share on other sites More sharing options...
oafcmetty Posted February 26, 2021 Share Posted February 26, 2021 How many points are deducted for going into admin again? Link to comment Share on other sites More sharing options...
peanuts2 Posted February 26, 2021 Share Posted February 26, 2021 1 hour ago, unsworth blue said: Trouble is though TGWB, can he afford to carry on financing it either? Looks like he might be better cutting his losses if he is still having to plough in £s without any reasonable prospect of a return. As far as I am aware, his investment to the club is by way of Directors Loan which I presume he wants back (or at least a substantial proportion of it), yet his assets are worth significantly less than their book value. A think a lot now rides on how long before blitz calls enough Link to comment Share on other sites More sharing options...
Chaddyexile84 Posted February 26, 2021 Share Posted February 26, 2021 17 minutes ago, oafcmetty said: How many points are deducted for going into admin again? 10 isn’t it? Link to comment Share on other sites More sharing options...
Bristolatic Posted February 26, 2021 Share Posted February 26, 2021 2 hours ago, oafcmetty said: How many points are deducted for going into admin again? Isn't it 12? Link to comment Share on other sites More sharing options...
al_bro Posted February 26, 2021 Share Posted February 26, 2021 3 hours ago, peanuts2 said: A think a lot now rides on how long before blitz calls enough Are they allowed a rent holiday at the moment? If so, a lot of debt is building up. Link to comment Share on other sites More sharing options...
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