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Post by Deleted on Aug 15, 2019 7:08:14 GMT 1
One other point though.......... Why is Dean entitled to have back every penny he has put into the club? Especially if the finances at the moment aren't looking particularly rosy. Because he loaned the club money, he didn't gift it? In the same way that if you or I take a loan from the bank, we need to repay it. www.examinerlive.co.uk/sport/dean-hoyle-hails-landmark-deal-5831703When Dean said he personally repaid Ken Davy his loans...does that influence some of the thinking on this thread about the club paying the loans off or Phil Hodgkinson doing so?
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Post by alexdire on Aug 15, 2019 8:53:41 GMT 1
Because he loaned the club money, he didn't gift it? In the same way that if you or I take a loan from the bank, we need to repay it. www.examinerlive.co.uk/sport/dean-hoyle-hails-landmark-deal-5831703When Dean said he personally repaid Ken Davy his loans...does that influence some of the thinking on this thread about the club paying the loans off or Phil Hodgkinson doing so? I have absolutely no issue with the loans being repaid, as they're loans so are required at some point to be paid. It would just be nice to know, so it sets expectations. I'm more concerned about the purchase price and how that's been financed.
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Post by detox on Aug 15, 2019 9:42:01 GMT 1
The general drift of all this is that Dean wants his money (or a lot of it) back and will get it (thanks Dean but ......) and PH (with DH's connivance) has engineered a purchase with someone else's money (the club's). Not a pretty picture. As I see it,the club is a legal enitity, owned by DH. the club is short of cash (over past 10 years) and takes out loans to cover losses etc...DH provides those loans...The loans are in Town's accounts. That's where we were, PH comes along after speaking with Dean..and agrees to 'buy' 75% share in the club...the price of that might have been zilch because there was a condition that DH had his loans repaid by the club.
PH takes control of the legal entity, owns it's assets , liabilities (debts) etc.....for what as I said was likely zilch (or a nominal sum anyway)..He knows he's agreed with DH about the 'condition' and the clubs loans need to be repaid..or at least some of them...
PH then has to assess where the cash for DH is coming from, either from the clubs assets, or by him loaning the club money to pay off DH...or a mixture of both these. I don't know how much DH is owed, he pumped £20m when we got promoted to the PL and before the Sky TV money was given to us..to help fund tramsfers, bonuses etc etc.. That £20m , as far as I know, was repaid when the Sky Tv was paid to us...On top of that is the long term outstanding loans...£30m, £40m, £50m not sure...and not sure how much exactly he is demanding now but wouldn't be surprised if he'd agreed a 'reasonable' deal for repayment that doesn't involved Phil spending all his cash on repayments rather than buying players...and I don't know if DH only wants 75% of his loans repaid seeing he still has 25% ownership in the club...I'd expect so..
DH will know full well the state of the clubs finances and the future cash flow going forward, so nothing he does will in any way jeoprdise the clubs solvency...this applies to both the club itself paying his loans off from exisitng assets AND knowing if he asked Phil for many more £m's this is money PH cannot then put into the running of the club. I trust Dean, and wouldn't be surprised if some of his loans were written off and the rest was on easy terms, agreeable to Phil, and for the ultimate benefit of the club.
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Post by Deleted on Aug 15, 2019 9:59:54 GMT 1
I have absolutely no issue with the loans being repaid, as they're loans so are required at some point to be paid. It would just be nice to know, so it sets expectations. I'm more concerned about the purchase price and how that's been financed. I agree. However Dean implies he directly paid Kens loans (owed to him by HTFC) So....would we expect Phil to directly pay Deans loans over time just as Dean eventually did? Or... When Dean days her paid Kens loans does he mean the club paid them (of course ultimately funded by Deans own input into the director loan account) ? Probably semantics, it's a long time since I've made and recovered directors loans.
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Post by Deleted on Aug 15, 2019 10:03:40 GMT 1
The general drift of all this is that Dean wants his money (or a lot of it) back and will get it (thanks Dean but ......) and PH (with DH's connivance) has engineered a purchase with someone else's money (the club's). Not a pretty picture. As I see it,the club is a legal enitity, owned by DH. the club is short of cash (over past 10 years) and takes out loans to cover losses etc...DH provides those loans...The loans are in Town's accounts. That's where we were, PH comes along after speaking with Dean..and agrees to 'buy' 75% share in the club...the price of that might have been zilch because there was a condition that DH had his loans repaid by the club.
PH takes control of the legal entity, owns it's assets , liabilities (debts) etc.....for what as I said was likely zilch (or a nominal sum anyway)..He knows he's agreed with DH about the 'condition' and the clubs loans need to be repaid..or at least some of them...
PH then has to assess where the cash for DH is coming from, either from the clubs assets, or by him loaning the club money to pay off DH...or a mixture of both these. I don't know how much DH is owed, he pumped £20m when we got promoted to the PL and before the Sky TV money was given to us..to help fund tramsfers, bonuses etc etc.. That £20m , as far as I know, was repaid when the Sky Tv was paid to us...On top of that is the long term outstanding loans...£30m, £40m, £50m not sure...and not sure how much exactly he is demanding now but wouldn't be surprised if he'd agreed a 'reasonable' deal for repayment that doesn't involved Phil spending all his cash on repayments rather than buying players...and I don't know if DH only wants 75% of his loans repaid seeing he still has 25% ownership in the club...I'd expect so..
DH will know full well the state of the clubs finances and the future cash flow going forward, so nothing he does will in any way jeoprdise the clubs solvency...this applies to both the club itself paying his loans off from exisitng assets AND knowing if he asked Phil for many more £m's this is money PH cannot then put into the running of the club. I trust Dean, and wouldn't be surprised if some of his loans were written off and the rest was on easy terms, agreeable to Phil, and for the ultimate benefit of the club.
This possibly explains the retained 25% too. Dean gets his priveleged access to keep an eye on how things are progressing and gives/sells the remaining 25% once hes no longer diagonally interested perhaps? (Speculation)
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Post by detox on Aug 15, 2019 10:08:15 GMT 1
The general drift of all this is that Dean wants his money (or a lot of it) back and will get it (thanks Dean but ......) and PH (with DH's connivance) has engineered a purchase with someone else's money (the club's). Not a pretty picture. As I see it,the club is a legal enitity, owned by DH. the club is short of cash (over past 10 years) and takes out loans to cover losses etc...DH provides those loans...The loans are in Town's accounts. That's where we were, PH comes along after speaking with Dean..and agrees to 'buy' 75% share in the club...the price of that might have been zilch because there was a condition that DH had his loans repaid by the club.
PH takes control of the legal entity, owns it's assets , liabilities (debts) etc.....for what as I said was likely zilch (or a nominal sum anyway)..He knows he's agreed with DH about the 'condition' and the clubs loans need to be repaid..or at least some of them...
PH then has to assess where the cash for DH is coming from, either from the clubs assets, or by him loaning the club money to pay off DH...or a mixture of both these. I don't know how much DH is owed, he pumped £20m when we got promoted to the PL and before the Sky TV money was given to us..to help fund tramsfers, bonuses etc etc.. That £20m , as far as I know, was repaid when the Sky Tv was paid to us...On top of that is the long term outstanding loans...£30m, £40m, £50m not sure...and not sure how much exactly he is demanding now but wouldn't be surprised if he'd agreed a 'reasonable' deal for repayment that doesn't involved Phil spending all his cash on repayments rather than buying players...and I don't know if DH only wants 75% of his loans repaid seeing he still has 25% ownership in the club...I'd expect so..
DH will know full well the state of the clubs finances and the future cash flow going forward, so nothing he does will in any way jeoprdise the clubs solvency...this applies to both the club itself paying his loans off from exisitng assets AND knowing if he asked Phil for many more £m's this is money PH cannot then put into the running of the club. I trust Dean, and wouldn't be surprised if some of his loans were written off and the rest was on easy terms, agreeable to Phil, and for the ultimate benefit of the club.
I might add a little 'ryder' here about Phil...If he does indeed have to use his 'own' money to pay DH or fund the club the biggest worry for us is whether that cash in from his own funds, or he borrows it. If it's the latter you can be sure the lending company will want security, and that may well be Phils assets which includes HTAFC. So if the loan company wants repaying or demands repayment from Phil, and he can't pay them, the company will quite likely look to seize his assets . We could end up being owned by some dodgy financial outfit somewhere far far away...
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