Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 11, 2019 19:27:47 GMT 1
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 11, 2019 20:24:14 GMT 1
That did not make a lick of sense to me except it appears to be a loan from Dean to HTAFC secured against assets. Without knowing why or how much (I did not see a figure in there), or what the assets in questions are I'm not sure what relevance it has. |
|
loumacari
Jimmy Nicholson Terrier
Posts: 1,586
|
Post by loumacari on Jul 11, 2019 20:27:43 GMT 1
Provides security for Dean’s loan. It would usually give the lender comfort that they will get their money back. There might be a bit of that but more likely it’s to prevent a future owner from asset stripping the club.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 11, 2019 20:31:31 GMT 1
Provides security for Dean’s loan. It would usually give the lender comfort that they will get their money back. There might be a bit of that but more likely it’s to prevent a future owner from asset stripping the club. Ah, that would make sense as we have already seen that happen, thanks. Are the stadium shares now in a trust does anyone know? |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 11, 2019 20:43:01 GMT 1
Provides security for Dean’s loan. It would usually give the lender comfort that they will get their money back. There might be a bit of that but more likely it’s to prevent a future owner from asset stripping the club. Yup I wondered if the floating asset charge prevents Phil from generating more shares or diluting his holding without Deans says so. "Protecting the next future" |
|
|
|
Post by drumriggend on Jul 11, 2019 20:47:33 GMT 1
Confused..
Whats debenture like??
Has he had false teeth fitted
🤐
|
|
|
|
Post by Town Duppy on Jul 11, 2019 20:56:38 GMT 1
Confused.. Whats debenture like?? Has he had false teeth fitted 🤐 Lets go f**king dental, lets go f**king dental, na, na, na, oooooooh, na, na, na, ooooooooooh.  |
|
|
|
Post by shawsie on Jul 11, 2019 22:20:52 GMT 1
Its a fixed and floating charge over all the assets of HTAFC. Essentially it means major assets cannot be sold off without the debenture holders agreement. Am surprised tbh, but it may suggest payment to dean is not in one lump sum, but deferred over a period.......or dean is protecting his 25 per cent interest by not allowing asset disposals without a letter of non crystallization. |
|
|
|
Post by wainwright on Jul 11, 2019 22:42:57 GMT 1
Mention in the debenture agreement of a locked bank account ie one which cannot have payments made from it without Dean Hoyle’s approval. Putting 2 and 2 together, that’ll be the account the parachute payments go into and out of.
Dean Hoyle is still listed as owning 75%+ of the shares. Have PH’s lawyers not done the job properly?
|
|
|
|
Post by specialun on Jul 11, 2019 23:06:20 GMT 1
Mention in the debenture agreement of a locked bank account ie one which cannot have payments made from it without Dean Hoyle’s approval. Putting 2 and 2 together, that’ll be the account the parachute payments go into and out of. Dean Hoyle is still listed as owning 75%+ of the shares. Have PH’s lawyers not done the job properly? Ouch! Dean clearly protecting his outstanding loan (fair enough) - assume PH hasn’t paid it off and instead will be repaid via parachute income (or equivalent of) Explains the transfer budget and signing a free, 1 League 2 player, 1 conference and 1 German tier 4-8 player... (thus far) |
|
|
|
Post by terriersyndrome on Jul 11, 2019 23:27:06 GMT 1
Mention in the debenture agreement of a locked bank account ie one which cannot have payments made from it without Dean Hoyle’s approval. Putting 2 and 2 together, that’ll be the account the parachute payments go into and out of. Dean Hoyle is still listed as owning 75%+ of the shares. Have PH’s lawyers not done the job properly? Reading your previous posts it seems you have an axe to grind with PH? |
|
|
|
Post by tobbyg on Jul 11, 2019 23:29:54 GMT 1
Mention in the debenture agreement of a locked bank account ie one which cannot have payments made from it without Dean Hoyle’s approval. Putting 2 and 2 together, that’ll be the account the parachute payments go into and out of. Dean Hoyle is still listed as owning 75%+ of the shares. Have PH’s lawyers not done the job properly? Ouch! Dean clearly protecting his outstanding loan (fair enough) - assume PH hasn’t paid it off and instead will be repaid via parachute income (or equivalent of) Explains the transfer budget and signing a free, 1 League 2 player, 1 conference and 1 German tier 4-8 player... (thus far) I’m baffled that people are speculating about Hoyle basically giving the club to Phil for free and then taking the parachute payments for himself. He’s entitled to do so and he’d still be a legend but I think it’s bloody disrespectful considering what he’s done for this club and the situation around the need to sell. |
|
|
|
Post by terrierneil on Jul 11, 2019 23:33:16 GMT 1
Ouch! Dean clearly protecting his outstanding loan (fair enough) - assume PH hasn’t paid it off and instead will be repaid via parachute income (or equivalent of) Explains the transfer budget and signing a free, 1 League 2 player, 1 conference and 1 German tier 4-8 player... (thus far) I’m baffled that people are speculating about Hoyle basically giving the club to Phil for free and then taking the parachute payments for himself. He’s entitled to do so and he’d still be a legend but I think it’s bloody disrespectful considering what he’s done for this club and the situation around the need to sell. Sounds like that's whats happened to me. Seen no other explanations. Or are we not allowed to ask? |
|
|
|
Post by terriersyndrome on Jul 11, 2019 23:37:35 GMT 1
I’m baffled that people are speculating about Hoyle basically giving the club to Phil for free and then taking the parachute payments for himself. He’s entitled to do so and he’d still be a legend but I think it’s bloody disrespectful considering what he’s done for this club and the situation around the need to sell. Sounds like that's whats happened to me. Seen no other explanations. Or are we not allowed to ask? Get yourself down to his Q&A & ask what you like. These DATM conspiracy theories can be proven right or debunked. |
|
|
|
Post by tobbyg on Jul 11, 2019 23:45:08 GMT 1
I’m baffled that people are speculating about Hoyle basically giving the club to Phil for free and then taking the parachute payments for himself. He’s entitled to do so and he’d still be a legend but I think it’s bloody disrespectful considering what he’s done for this club and the situation around the need to sell. Sounds like that's whats happened to me. Seen no other explanations. Or are we not allowed to ask? Well if Neil thinks thats what’s gone on and there’s no other explanation then it’s case closed I suppose. You’re allowed to ask any questions you like I just think it’s a bit of dick presumption but I could be wrong. |
|
|
|
Post by jonny5 on Jul 11, 2019 23:46:34 GMT 1
I’m baffled that people are speculating about Hoyle basically giving the club to Phil for free and then taking the parachute payments for himself. He’s entitled to do so and he’d still be a legend but I think it’s bloody disrespectful considering what he’s done for this club and the situation around the need to sell. Sounds like that's whats happened to me. Seen no other explanations. Or are we not allowed to ask? Don’t be so naive, Deano is merely making sure that the parachute payments remain in his control and he releases funds to the club in an appropriate way and they don’t get ripped out as the Oystons did at Blackpool! Either he or his advisors are astute. |
|
|
|
Post by specialun on Jul 12, 2019 0:07:41 GMT 1
Ouch! Dean clearly protecting his outstanding loan (fair enough) - assume PH hasn’t paid it off and instead will be repaid via parachute income (or equivalent of) Explains the transfer budget and signing a free, 1 League 2 player, 1 conference and 1 German tier 4-8 player... (thus far) I’m baffled that people are speculating about Hoyle basically giving the club to Phil for free and then taking the parachute payments for himself. He’s entitled to do so and he’d still be a legend but I think it’s bloody disrespectful considering what he’s done for this club and the situation around the need to sell. Which bit of ‘fair enough’ suggests he isn’t entitled to do so?!? But doesn’t help us this season / next couple. Not a criticism of Dean - I understand one of his last investments wasn’t exactly a success so I’d expect him / his advisors to have him covered and who would blame him |
|
|
|
Post by Solihull Terrier on Jul 12, 2019 0:36:08 GMT 1
It's just a long term loan agreement. There's not enough detail there for us to know if this is the formalising of an old loan or if potentially it's a new loan to help us through a cashflow issue (for example) until the parachute payment comes through.
The majority of the document is just to ensure Dean has multiple methods of recourse to get his money back and cannot be screwed over.
|
|
|
|
Post by Headless Chicken on Jul 12, 2019 8:09:59 GMT 1
I’m baffled that people are speculating about Hoyle basically giving the club to Phil for free and then taking the parachute payments for himself. He’s entitled to do so and he’d still be a legend but I think it’s bloody disrespectful considering what he’s done for this club and the situation around the need to sell. Sounds like that's whats happened to me. Seen no other explanations. Or are we not allowed to ask? You're not asking; you're assuming the worst. It may well be the case, but based on what DH has done to date, it's somewhat twatty on your part. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 12, 2019 8:27:57 GMT 1
Sounds like that's whats happened to me. Seen no other explanations. Or are we not allowed to ask? You're not asking; you're assuming the worst. It may well be the case, but based on what DH has done to date, it's somewhat twatty. Indeed, especially as this is 100% definitely not what is happening here. This is something related to Dean putting something INTO the club, not taking away. The charges just make whatever the loan is “secured”. |
|
|
|
Post by detox on Jul 12, 2019 9:00:05 GMT 1
Just digressing a bit...was I right in hearing that PH is in it for 3 years...I know he said he had a 3 year plan but I might have misheard that he was then intending to sell, hopefully while we're in the PL.?
|
|
|
|
Post by Big Ern on Jul 12, 2019 9:00:48 GMT 1
Just digressing a bit...was I right in hearing that PH is in it for 3 years...I know he said he had a 3 year plan but I might have misheard that he was then intending to sell, hopefully while we're in the PL.? If that's the case why he would be cramming the team full of lower league kids and not spending on quality in the positions we need baffles me |
|
|
|
Post by joeyjoneslocker on Jul 12, 2019 9:17:51 GMT 1
Just digressing a bit...was I right in hearing that PH is in it for 3 years...I know he said he had a 3 year plan but I might have misheard that he was then intending to sell, hopefully while we're in the PL.? If that's the case why he would be cramming the team full of lower league kids and not spending on quality in the positions we need baffles me You mean lower league kids like Karlan Grant was? With our current squad we need 2 signings of quality to have a real good go this season. No one knows who we are trying to sign. I’m sure it’s not that easy. |
|
|
|
Post by detox on Jul 12, 2019 9:24:20 GMT 1
Just digressing a bit...was I right in hearing that PH is in it for 3 years...I know he said he had a 3 year plan but I might have misheard that he was then intending to sell, hopefully while we're in the PL.? If that's the case why he would be cramming the team full of lower league kids and not spending on quality in the positions we need baffles me I guess it's all part of the strategy, we're adding to our 'junior' ranks ..buying for the future, while we're still negotiating with our main targets ? Strengthening the squad isn't only about the 1st XI, but also bringing in what the club see as potential forthe next year or so ? I'm not defending it as such but at the moment will give it a few more weeks...the t/f window shuts in two weeks and the season starts in 3 weeks..so still time to clinch those deals maybe..? |
|
|
|
Post by shawsie on Jul 12, 2019 9:41:02 GMT 1
Just digressing a bit...was I right in hearing that PH is in it for 3 years...I know he said he had a 3 year plan but I might have misheard that he was then intending to sell, hopefully while we're in the PL.? If that's the case why he would be cramming the team full of lower league kids and not spending on quality in the positions we need baffles me I think we just need to show a bit of patience. Phil will have a steep learning curve - I went to school with him, he's a bright bloke and will learn quickly but will make mistakes like Dean has done...............only time will tell how successful he is, but one thing is for sure there are no overnight cures by spending fortunes on names who then don't perform. Ask Derby, Sheff Wed, Forest, Leeds none of whom have been in the top flight for over 15 years! |
|
|
|
Post by tockyterrier on Jul 12, 2019 9:48:51 GMT 1
I've not read it all. But could it be related to Canalside being owned by DH not the Club?
|
|
|
|
Post by galpharm2400 on Jul 12, 2019 9:49:42 GMT 1
new chairman, old owner protecting the club and his share should we get promotion and the 'possible' deal already in place to sell goes through?
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 12, 2019 10:19:37 GMT 1
If that's the case why he would be cramming the team full of lower league kids and not spending on quality in the positions we need baffles me I think we just need to show a bit of patience. Phil will have a steep learning curve - I went to school with him, he's a bright bloke and will learn quickly but will make mistakes like Dean has done...............only time will tell how successful he is, but one thing is for sure there are no overnight cures by spending fortunes on names who then don't perform. Ask Derby, Sheff Wed, Forest, Leeds none of whom have been in the top flight for over 15 years! well said shawsie as usuall a sensible replyto thispost. some on here are just looking for things that are not there and to be honest bugger all to do with them |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 12, 2019 10:37:42 GMT 1
I've not read it all. But could it be related to Canalside being owned by DH not the Club? It’s an interesting situation. As far as I know, despite Dean Hoyles historic comments regarding Canalside being “his” and any future buyer would have to buy it from him or rent at favourable terms, Hudds Town Football Club is still listed as it’s ultimate parent company. Whilst Dean was the controlling owner of Hudds Town, obviously he was the ultimate controlling party of Canalside so his comments were true, he could do what he wanted. Would be interesting to discover if Canalside effectively formed part of the sale...I think it possibly did. What people also haven’t picked up on of course is that Phil Hodgkinson is now a director of Canalside, with the position of CHAIRMAN. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 12, 2019 10:40:32 GMT 1
I think we just need to show a bit of patience. Phil will have a steep learning curve - I went to school with him, he's a bright bloke and will learn quickly but will make mistakes like Dean has done...............only time will tell how successful he is, but one thing is for sure there are no overnight cures by spending fortunes on names who then don't perform. Ask Derby, Sheff Wed, Forest, Leeds none of whom have been in the top flight for over 15 years! well said shawsie as usuall a sensible replyto thispost. some on here are just looking for things that are not there and to be honest bugger all to do with them People are interested because it’s OUR football club, not some random business. Dean Hoyle and Phil Hodgkinson etc whilst owners are merely transient custodians, looking after it for us. Ask them, they’ll agree. |
|
