Message for the ownership

[shawsie]

Please put your own selfish interests aside and sort the complete mess weve become out.
Not interested in who/why/what right now - the current position is beyond embarrassing and it has to be sorted before fans just say sod it i cant be arsed anymore.
The crowd today was woeful - but why should it be any different?!
The football is boring, boring boring!
We all have different opinions but right now we are miles away from being a Championship club.

[space hardware]

Dec 18, 2022 0:30:02 GMT 1 shawsie said:

Please put your own selfish interests aside and sort the complete mess weve become out.
Not interested in who/why/what right now - the current position is beyond embarrassing and it has to be sorted before fans just say sod it i cant be arsed anymore.
The crowd today was woeful - but why should it be any different?!
The football is boring, boring boring!
We all have different opinions but right now we are miles away from being a Championship club.

I don't think either of them care.

They claim to be fans? Do me a fucking favour.

[rockwall]

Only fans when they are getting what they want.
Excuses all the time

[wigster]

I get the impression that when MONEY comes into the equation many decent qualities go out the window.

[robinvar]

If someone had been given the task of purposely trying to sabotage Town from the moment we lost the play off final they couldnt have had a better result than where we sit now. Rock bottom, repeatedly told we have no money to spend, with a team that has almost no goalscoring output or entertainment value. Dwindling attendance, inexperienced players, inexperienced manager, zero successful summer transfers. Few saleable assets. Lack of clarity of ownership situation, no buyer yet, likely relegation. Jeez last season seems light years away.

[duncfost01]

As I see it it’s down now to the fact the Dean and Ph don’t actually like each other. I know in Deans last game against Man Utd , Phil ignored Dean and Janet. Dean was pissed off by that.

So Phil won’t give up his shares for free - I guess why should he ? - Dean is probably saying - when I stepped in due to your spending I had to be put in “x” - so that’s the price of your shares.

Now the club find its self in limbo. Clearly the books don’t balance so Dean has said - get rid of the high earners - I’m not funding it anymore - I guess why should he when he only owes 25% ?

Whilst on the pitch the product they are offering is absolutely garbage. Hence the fans not going - and the amount disharmony between fans and the club.

Dean & Phil need to sort this out rapidly. Both claim to be fans of the club. I’m not seeing that at all.

[dugnet]

What needs to be remembered is that the fans are in no way responsible for this mess. We do however have to witness the club essentially falling apart.

The empty seats yesterday told their own story and I worry how many will now choose to stay away?

There is obviously a serious issue and if the club is tied in anyway to the collapse of the Pure group of companies then that might not be easy to unpick.

In the meantime fortunes on the pitch continue to deteriorate at an alarming rate.

Personally I'm resigned to relegation as I don't see anything changing in the next few weeks.

[Deleted]

Dec 18, 2022 10:20:09 GMT 1 dugnet said:

What needs to be remembered is that the fans are in no way responsible for this mess. We do however have to witness the club essentially falling apart.

The empty seats yesterday told their own story and I worry how many will now choose to stay away?

There is obviously a serious issue and if the club is tied in anyway to the collapse of the Pure group of companies then that might not be easy to unpick.

In the meantime fortunes on the pitch continue to deteriorate at an alarming rate.

Personally I'm resigned to relegation as I don't see anything changing in the next few weeks.

You are spot on with that third sentence.
I’ve a horrible feeling that’s it’s only going to get worse.

[terriers321]

Dec 18, 2022 10:20:09 GMT 1 dugnet said:

What needs to be remembered is that the fans are in no way responsible for this mess. We do however have to witness the club essentially falling apart.

The empty seats yesterday told their own story and I worry how many will now choose to stay away?

There is obviously a serious issue and if the club is tied in anyway to the collapse of the Pure group of companies then that might not be easy to unpick.

In the meantime fortunes on the pitch continue to deteriorate at an alarming rate.

Personally I'm resigned to relegation as I don't see anything changing in the next few weeks.

Il actually go back to watch them in league one, as shit as the division is. As long as new owners are in and the current lot have zero influence on the club. The new owners could be a disaster, but the club definitely needs a reset and a fresh start.

[htfcfcfc]

Dec 18, 2022 11:04:22 GMT 1 terriers321 said:

Dec 18, 2022 10:20:09 GMT 1 dugnet said:

What needs to be remembered is that the fans are in no way responsible for this mess. We do however have to witness the club essentially falling apart.

The empty seats yesterday told their own story and I worry how many will now choose to stay away?

There is obviously a serious issue and if the club is tied in anyway to the collapse of the Pure group of companies then that might not be easy to unpick.

In the meantime fortunes on the pitch continue to deteriorate at an alarming rate.

Personally I'm resigned to relegation as I don't see anything changing in the next few weeks.

Il actually go back to watch them in league one, as shit as the division is. As long as new owners are in and the current lot have zero influence on the club. The new owners could be a disaster, but the club definitely needs a reset and a fresh start.

Agree. I’ll go watch town in any league. We’re not immune to the swings of good and bad times.

I just want to see the ownership resolved and have a plan

[iangreaves]

Dec 18, 2022 10:58:51 GMT 1 @sociallydistant said:

Dec 18, 2022 10:20:09 GMT 1 dugnet said:

What needs to be remembered is that the fans are in no way responsible for this mess. We do however have to witness the club essentially falling apart.

The empty seats yesterday told their own story and I worry how many will now choose to stay away?

There is obviously a serious issue and if the club is tied in anyway to the collapse of the Pure group of companies then that might not be easy to unpick.

In the meantime fortunes on the pitch continue to deteriorate at an alarming rate.

Personally I'm resigned to relegation as I don't see anything changing in the next few weeks.

You are spot on with that third sentence.
I’ve a horrible feeling that’s it’s only going to get worse.

If the Pure administrator is looking to get his hands on Town’s assets, it may not be a good idea for the ground to be handed over to the club.

[robinvar]

Way I see it is that unless there was a golden pound, clawback or forfeit clause then Hodgkinson owns 75% of the shares. Nobody says he has to hand them back. The major creditor of the club is Hoyle. This seems more of an existential threat to the club than i perhaps first thought. Admin could come and with that absolutely relegation. What after that? We are not worth 30m and dont seem to generate operating profit so even paying a pound and servicing the debt isn't really an option. Only way of getting that loan cash back is the millions of the Prem and that ship sailed in May, unlikely to come back around anytime this decade. Very worrying.

[Detective Boyle]

Dec 18, 2022 10:20:09 GMT 1 dugnet said:

What needs to be remembered is that the fans are in no way responsible for this mess. We do however have to witness the club essentially falling apart.

The empty seats yesterday told their own story and I worry how many will now choose to stay away?

There is obviously a serious issue and if the club is tied in anyway to the collapse of the Pure group of companies then that might not be easy to unpick.

In the meantime fortunes on the pitch continue to deteriorate at an alarming rate.

Personally I'm resigned to relegation as I don't see anything changing in the next few weeks.

I reckon a lot of those that were there yesterday, like myself, were 50:50 about going and probably won’t go the same way next time

[Mr Breitside]

Dec 18, 2022 11:25:08 GMT 1 robinvar said:

Way I see it is that unless there was a golden pound, clawback or forfeit clause then Hodgkinson owns 75% of the shares. Nobody says he has to hand them back. The major creditor of the club is Hoyle. This seems more of an existential threat to the club than i perhaps first thought. Admin could come and with that absolutely relegation. What after that? We are not worth 30m and dont seem to generate operating profit so even paying a pound and servicing the debt isn't really an option. Only way of getting that loan cash back is the millions of the Prem and that ship sailed in May, unlikely to come back around anytime this decade. Very worrying.

The club has no value. Hoyle will have to write off his debts, it's OK though as he never expected it back.

[Deleted]

Phil needs to fuck off, he should never have been allowed near the club he doesn’t have the finances deans biggest error was selling to Phil.

Phils gamble in the business world nearly put the club in admin and now wants some money for his shares that would have been worthless had it gone into admin.

Dean Hoyle absolutely made massive mistakes while running town he’s human but he has propped us up since his return and he rightly wouldn’t want to just gift that money to Phil or whoever ends up owning the club.

The amount he’s propped us up clearly isn’t enough to give us much of a decent chance of competing at this level which any prospective owner must realise if you want to make us successful at this level you probably need to be willing to lose £10-15 million a season.

Our only hope is someone with deep pockets and the right ideas comes along and elevates us back to being a championship club, unfortunately unless we raised season tickets to £2000 our support doesn’t support the budget for the championship on its own

[specialun]

Dec 18, 2022 11:08:33 GMT 1 iangreaves said:

Dec 18, 2022 10:58:51 GMT 1 @sociallydistant said:

You are spot on with that third sentence.
I’ve a horrible feeling that’s it’s only going to get worse.

If the Pure administrator is looking to get his hands on Town’s assets, it may not be a good idea for the ground to be handed over to the club.

Help me out here - why do we think Pures administrator would be able to get hand on town assets? I may have missed this

What Town assets does Pure have any ownership of? Security over?

I’d understood from companies house Pure owed Town money when it collapsed (big questions for PH as to how if that’s correct!)

[Million Dollar Babies]

If admin is a real threat then we might aswell get it out of the way now. Don't want to be going in to league one with a points deduction

[einediemengedochsen]

I really hope the “pride” of two men isn’t going to screw our club over.

[runner76]

If the new MD finds and interested party to buy, do the 100% shares need to reside with one entity or can a new owner just buy 100% of the club but split the payments to any respective shareholders? Sorry, I’m not an expert in this but not sure why the ‘background’ issues of current ownership would stop the MD effectively ‘selling’ the club

[dalesterrier]

Also before DB started was it known about this issue with a third party effectively controlling the 75%?

[leroy212]

Dec 18, 2022 12:06:51 GMT 1 einediemengedochsen said:

I really hope the “pride” of two men isn’t going to screw our club over.

Put pride to one side and just get out of the club. Everything about us is toxic ATM. Get a takeover over done and in my opinion get rid of all staff and just completely start again. Also if we go down I don't see us coming back up for a few years

[goodbet]

Dec 20, 2022 9:54:21 GMT 1 runner76 said:

If the new MD finds and interested party to buy, do the 100% shares need to reside with one entity or can a new owner just buy 100% of the club but split the payments to any respective shareholders? Sorry, I’m not an expert in this but not sure why the ‘background’ issues of current ownership would stop the MD effectively ‘selling’ the club

Can you imagine trying to buy the club with the 75% owner trying to grab as much as they can and the 25% owner demanding £45M of loans to be paid back. Then take in to account that a League 1 club with very little actual assets is worth about £10M.

Don't expect any movement anytime soon.

[bigtruck]

Quick question that I’m sure someone on here will know. Did PH actually end up paying everything he owed to DH for the 75% shares? If not, how does he get a say on how/when they’re sold?

[stinkypete]

Dec 18, 2022 12:06:51 GMT 1 einediemengedochsen said:

I really hope the “pride” of two men isn’t going to screw our club over.

You spelt “greed” wrong!

[incognito]

Dec 20, 2022 13:39:41 GMT 1 bigtruck said:

Quick question that I’m sure someone on here will know. Did PH actually end up paying everything he owed to DH for the 75% shares? If not, how does he get a say on how/when they’re sold?

It's not entirely clear from the "Pure Sports Consultancy" accounts.

- In the 2020 filing (released September 2021) he'd paid £2.525 million, with the remaining £2.5 million recorded as a "deferred consideration".

- In the 2021 filing (released July 2022 - after handing back control to DH) there is mention of "a further loan of £2.5 million on which interest has been charged of £118,349. The interest rate is 5% above base rate in line with the agreement. The loan is repayable on demand."

If I was forced to speculate, I'd say it looks like the deadline for fulfilling the "deferred consideration" wasn't met and it effectively became a loan from DH upon which PH was obliged to start paying interest. It could have been sourced from elsewhere though...

[space hardware]

Dec 20, 2022 14:09:19 GMT 1 incognito said:

Dec 20, 2022 13:39:41 GMT 1 bigtruck said:

Quick question that I’m sure someone on here will know. Did PH actually end up paying everything he owed to DH for the 75% shares? If not, how does he get a say on how/when they’re sold?

It's not entirely clear from the "Pure Sports Consultancy" accounts.

- In the 2020 filing (released September 2021) he'd paid £2.525 million, with the remaining £2.5 million recorded as a "deferred consideration".

- In the 2021 filing (released July 2022 - after handing back control to DH) there is mention of "a further loan of £2.5 million on which interest has been charged of £118,349. The interest rate is 5% above base rate in line with the agreement. The loan is repayable on demand."

If I was forced to speculate, I'd say it looks like the deadline for fulfilling the "deferred consideration" wasn't met and it effectively became a loan from DH upon which PH was obliged to start paying interest.

That all sounds plausible to me.

[griffa]

Dec 20, 2022 11:34:28 GMT 1 goodbet said:

Dec 20, 2022 9:54:21 GMT 1 runner76 said:

If the new MD finds and interested party to buy, do the 100% shares need to reside with one entity or can a new owner just buy 100% of the club but split the payments to any respective shareholders? Sorry, I’m not an expert in this but not sure why the ‘background’ issues of current ownership would stop the MD effectively ‘selling’ the club

Can you imagine trying to buy the club with the 75% owner trying to grab as much as they can and the 25% owner demanding £45M of loans to be paid back. Then take in to account that a League 1 club with very little actual assets is worth about £10M.

Don't expect any movement anytime soon.

Carry on Football, not looking good, both parties should know better - UTT

[Gag_N_Bone_Man]

I've always said I'll watch us in any division, even if we fell out of the league. I can cope with us being shit. But the toxic environment at the club right now is so depressing. We deserve better.

[deo1]

Dec 20, 2022 15:52:29 GMT 1 Gag_N_Bone_Man said:

I've always said I'll watch us in any division, even if we fell out of the league. I can cope with us being shit. But the toxic environment at the club right now is so depressing. We deserve better.

I’ve always said the same. I kept my season ticket when living in Scotland for 15 years and used to drive down for the night matches and straight back home again for work that morning.

How last season ended with that cheat of a ref coupled up with CC leaving, best player sold and others gone with poor replacements to go with the DS and then MF appointment, lack of investment from the top plus shite football on the pitch I’ve had enough and won’t renew. I’ve lost all my passion for town and think if the board, management and players can’t be arsed neither can I.

[bluedogs, Esq.]